(Bloomberg) — European stock futures slid following a weak session in Asia, after Federal Reserve officials pushed back against bets of aggressive interest rate cuts next year.
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The Euro Stoxx 50 contract fell by 0.4%. It came after the MSCI Asia Pacific Index lost as much as 1.1%, the biggest drop since Dec. 5, led by losses in Hong Kong and Tokyo. US stock futures rose slightly.
The dollar was broadly steady while yields on two-year Treasuries dropped two basis points, reversing gains made on Friday when New York Fed President John Williams led a chorus of officials in saying it’s too early to begin thinking about lowering borrowing costs.
The pushback may start to scupper the ‘everything rally’ after traders took previous Fed signals as a green light to ratchet up bets on rate cuts next year, helping US and Asian shares to their biggest weekly gains in a…
