European Shares Seen Lower As Investors Weigh Rising Inflation Risks

India, Aug. 19 -- European stocks may drift lower at open on Wednesday as investors weigh inflation risks and fret over the huge valuations of big AI players.

Oil prices remain elevated and global bond yields are on the rise as escalating tensions around Iran raised the risk of a prolonged conflict in the Persian Gulf.

U.S. stock futures ticked lower on growing concerns that surging oil prices could keep inflationary pressures persistent and leave interest rates higher for longer.Asian markets were broadly lower, with South Korea and Japan leading losses as a rout in semiconductor stocks deepened.

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