European stocks may drift lower at open on Friday as strong U.S. data released overnight coupled with hawkish Fed remarks fueled inflation and rate-hike worries.
Asian markets followed Wall Street lower after two Fed officials warned of additional hikes in borrowing costs to lower inflation back to the central bank's 2 percent target.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.