European and US markets are experiencing a downturn amid a busy earnings season and rising yields. European bourses are trading in negative territory, with initial gains in the DAX 40, driven by strong SAP results, now erased. US futures are also lower. In the Asia-Pacific region, stocks showed mixed performance with the ASX 200 (+0.3%), Nikkei 225 (+0.1%), and KOSPI (+0.3%) posting slight gains initially. However, Asian markets later struggled following Wall Street losses and a spike in US Treasury yields, with the ASX 200 down 0.2%, Nikkei 225 down 0.8%, and KOSPI down 0.3%. The US Dollar Index (DXY) continues to rise, with USD/JPY climbing above 152.75. Traders are awaiting further earnings reports and geopolitical developments, including Israel's response to ongoing tensions.