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EUROPEAN STOCKS SEEN LOWER AS U.S. RATE FEARS RAMP UP (0740 GMT)
European futures are pointing to a weaker start of the day for bourses across the
region after a bout of resilient economic data out of the U.S. raised market expectations that
more interest rate hikes were in the offing.
U.S. data on Thursday showed that monthly producer prices accelerated in January, while
another report showed the number of Americans filing new claims for unemployment benefits
unexpectedly fell last week, offering more evidence of the economy's strength despite tighter
monetary policy.
In the UK, retail sales volumes unexpectedly rose by 0.5% in monthly terms in January, but
the overall picture remained one of weak demand from inflation-hit consumers, official data
showed on Friday.
(Joice Alves)
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