European stocks and bonds fell after European Central Bank officials poured cold water on expectations for rapid rate cuts even as data from Germany underscored the challenging backdrop for economic growth and corporate profits. The Stoxx Europe 600 index slipped 0.5%, extending a lackluster start to the year after a 13% rise in 2023. Consumer goods and retailers led the decline after data showed Germany’s economy contracted for the first time since the pandemic last year. Germany’s 10-year yield rose about six basis points to a one-month high. Lingering inflation and geo-political risks will prevent the ECB from lowering interest rates this […]

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