European Factors to Watch-Equity futures fall on renewed U.S. rate hike prospect
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report)
LONDON May 18 (Reuters) - European equity futures fell on Wednesday, tracking losses on Asian and U.S. stock markets that were caused by renewed expectations that the U.S. Federal Reserve could raise rates later this year.
Futures on the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were all down between 0.4-0.6 percent, with investment bank Goldman Sachs cutting its view on global equities to "neutral".
On Tuesday, data showed that U.S. consumer prices recorded their biggest increase in more than three years in April, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year.
A U.S. Federal Reserve policymaker also said on Tuesday that he would push for an interest rate hike in June or July while two others still saw up to three rate increases this year, leaving the door open to a change in monetary policy relatively soon, and that backdrop hit the Wall Street stock market.
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