EUROSTOXX 50 futures firmed 1.1% and FTSE futures 0.8%.
The futures market is almost fully priced for a hike to 0.25% by May and 0.5% by November.The hawkish outlook is one reason BofA chief investment strategist Michael Hartnett is bearish on equities for 2022, expecting a "rates shock" and a tightening of financial conditions.The rise in short-term rates has helped underpin the U.S.The U.S.The euro eased a touch to $1.1294 , still well above its recent trough at $1.1184, while the dollar steadied on the safe haven yen at 113.00.Oil prices bounced after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse