London — The dollar rebounded, Asian shares slipped and government bond yields soared to multiweek highs on Thursday after US central bank chief Janet Yellen signalled a path of steady interest rate increases for the world’s largest economy. The European Central Bank (ECB) was set to meet as the euro recovered some of the ground it lost overnight, but with no policy changes expected. However, hints of disagreements among the region’s monetary guardians could ruffle markets. European stocks opened slightly higher with some big moves in single stocks, as Zodiac Aerospace surged following a takeover offer, and Moneysupermarket.com jumped after it reported strong results. Asian shares edged down 0.2%, knocked back by the dollar. The US currency recovered from some of the weakest levels seen since early December after president-elect Donald Trump expressed concern in a weekend interview about the effects of a stronger greenback. On Wall Street overnight, stronger financial shares helped ...
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