By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) -European stocks and U.S. futures slipped on Thursday as investors turned their attention back to an escalating global trade war, after a mild rally on the back of softer-than-expected U.

European stocks and U.S. futures slipped on Thursday as investors turned their attention back to an escalating global trade war.

Tech stocks led advances in Asia on Thursday, taking their cue from Wall Street's gains after tepid inflation data allayed concerns over the state of the U.S. economy. U.S. Treasury yields remained elevated after pulling further away from recent lows the day before,