Shares of European post & logistics companies slid after U.S. rival FedEx FDX.Nreported lower quarterly profits on Tuesday. The reading also served as a stark reminder that the fight against inflation by major central banks is not over yet, sending Germany's two-year government bond yield DE2YT=RR, the most sensitive to rate expectations, to its highest since March 10. "Inflation had been expected to fall – at least a bit – but it hasn't obliged, remaining stubbornly sticky and cementing the prospect of a rate rise tomorrow," said Danni Hewson, head of financial analysis at AJ Bell.