Treasuries Slide Sends Shockwaves Through Asian Markets

European equity futures followed Asian and US shares lower after Federal Reserve Chair Jerome Powell warned of potential interest rate hikes, dampening the rally in stocks and bonds. The pound fluctuated as UK data revealed a stagnant economy. Asian markets experienced a decline, with Hong Kong stocks being among the biggest losers. Investors are awaiting comments from ECB President Christine Lagarde and US economic data, including the University of Michigan consumer sentiment survey. Bitcoin edged closer to $37,000, while West Texas Intermediate rose to around $76 per barrel.