GLOBAL MARKETS-Bund yields inch higher, euro holds ahead of ECB

miércoles 3 de junio de 2015 08:23 GYT

* Stocks subdued amid spike in key debt yields

* Euro flat after rallying on euro zone data, Greek debt hopes

* Qatar stocks weighed down by FIFA scandal

By Marc Jones

LONDON, June 3 (Reuters) - German debt yields added to their biggest jump in almost three years and the euro held on to most of its gains on Wednesday, as investors waited to hear the ECB's view of a turbulent run for markets and its hopes for a Greek aid deal.

Markets were generally calmer after Tuesday's heavy sell-off in benchmark government bonds and a mauling of the dollar by the euro following upbeat euro zone inflation data.

European shares nudged higher, with Greek stocks up for a third day running and buyers moving back into southern euro zone bonds from Italy, Spain and Portugal despite an ongoing shift away of core markets.

The scandal engulfing world soccer's governing body FIFA weighed on stocks in Qatar amid concerns its winning bid for the 2022 World Cup might be re-examined, but attention was primarily on Wednesday's European Central Bank meeting.

The bank made no changes to its interest rates or quantitative easing (QE) programme. But new forecasts at its 1230 GMT news conference are expected to show inflation is back on the rise, while its stance on Greece and the sharp sell-off in debt markets currently undermining its bond-buying scheme will be of key interest.   Continuación...