MILAN – European stock markets slowed in the middle of the day, dissipating the boost they received from a Wall Street that hit new records on Friday and breaking a fast from highs that had lasted 500 sessions. A record reached almost by inertia, considering stocks have made only modest gains over the last month: the Wsj In fact, it is clear that bets on an accelerated rise in interest rates have weakened significantly, which is likely to weigh on global indices. There are anecdotal signs that the Fed is cautious about cutting the cost of money: The job market is still strong, the economy is slowing only slightly. And indeed, government bond yields have risen somewhat after the sharp decline at the end of 2023. Then the geopolitical tensions emanating from the Red Sea remain in the background. Tokyo has taken advantage of this for the time being with a closing price of +1.6%.