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European stocks set for worst week since November on hawkish Fed comments

Mount Equity Group Tokyo Japan > News > Markets > European stocks set for worst week since November on hawkish Fed comments

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 5, 2018. REUTERS/Staff/File Photo

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  • European stocks down, stocks also fell in Asia
  • Falls follow signals from U.S. Fed policymakers
  • U.S. dollar down for fourth consecutive day

LONDON, Jan 14 (Reuters) – European stocks slumped on Friday, with the STOXX 600 set for its biggest weekly loss since November, and Wall Street futures pointed to a mixed opening in the United States as investor expectations firmed for U.S. rate hikes to begin in March.

Asian shares fell after Fed Governor Lael Brainard became the latest and most senior U.S. central banker to indicate that the U.S. Federal Reserve will hike rates in March. read more

Other Fed officials have also shown their willingness to raise rates, after data this week showed U.S. consumer prices surged 7% year-on-year. read…

Read more…