LONDON/SINGAPORE—World stocks slipped, with European shares retreating from three-week highs on Friday, while the dollar was steady as hawkish comments from U.S. Federal Reserve Chair Jerome Powell dashed expectations of a peak in interest rates.
The pan-European STOXX 600 fell 0.8 percent by 0930 GMT. Germany’s DAX dropped 0.7 percent while France’s CAC 40 and Britain’s FTSE both tumbled 0.9 percent lower.
