European and Asian equities slipped lower on Friday after a week in which disappointing data releases have hardened investors’ fears of higher interest rates and slower economic growth.
The regional Stoxx 600 lost 1 per cent at the open while Germany’s Dax slipped 1.4 per cent. In Asia, Hong Kong’s Hang Seng index lost 0.9 per cent and Japan’s Topix fell 0.6 per cent.
A mixed array of data have weighed on investor confidence this week, with US inflation figures coming in hotter than anticipated on Tuesday, forcing investors to crank up their expectations of interest rate rises when Federal Reserve policymakers meet next week.
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