Stocks slip, bond yields edge up with rate hikes in focus – Reuters

Stocks slip, bond yields edge up with rate hikes in focus – Reuters

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 more