* U.S. stock index futures up 0.17% * European stocks hit record high * Australian stocks hit record closing high LONDON/HONG KONG, Aug 5 (Reuters) - World stocks eased from the previous session’s record highs while the dollar reached its highest in eight days on Thursday, after hawkish remarks from a senior U.S. Federal Reserve official. Fed Vice Chair Richard Clarida, a major architect of the Fed’s new policy strategy, said on Wednesday he felt the conditions for raising interest rates could be met by the end of 2022, raising expectations the central bank could scale back its bond-buying programme soon. “It’s a question not of if the Fed taper but how fast the Fed taper,” said Giles Coghlan, chief currency analyst at HYCM, adding he expected tapering of the asset purchase programme to start in August or September. “Clarida has definitely taken a shift.” The MSCI world shares index was steady at 729.68, versus a record peak of 731.88 hit in the previous session. U.S. stock index futures - the S&P 500 e-minis - rose 0.17%. U.S. stocks closed mostly lower on Wednesday after the Fed remarks, with the S&P 500 receding 0.46% from a record high after data signalled a slowdown in jobs growth in July. European stocks hit record highs, however, and were up 0.21% on strong earnings from Danish company Novo Nordisk and German industrial firm Siemens. UK stocks were steady and the pound rose 0.18% against the dollar ahead of a Bank of England Policy meeting. Markets are looking for clues on any possible future UK rate rises, particularly as two policymakers have broken ranks to say the time for tighter policy might be nearing. “The exit strategy, we think, will highlight the Bank’s focus on unwinding its bloated balance sheet more so than on hiking rates,” Deutsche Bank analysts said in a note. Clarida’s remarks helped U.S. yields and the dollar. The benchmark 10-year yield was last at 1.192%, up from a U.S. close of 1.187%, having touched 1.127% - its lowest level since February - on Wednesday. The dollar was steady against an index of currencies after hitting an eight-day high of 92.352. The dollar was up 0.1% at 109.57 yen, while the euro also gained 0.1% to $1.1848. German 10-year bond yields fell 1 basis point to -0.504%. Yields dipped below -0.50%, the European Central Bank’s policy rate, for the first time since January on Wednesday. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.29%. Uncertainty about Chinese policy remains, but the Asian regional benchmark has recovered most of the ground lost a week ago, when a series of Chinese regulatory crackdowns on sectors from property to education squeezed Chinese stocks and overshadowed the region as a whole. The Chinese blue chip index was down 0.61%, weighed primarily by investors dumping online gaming companies, fertilizer producers and e-cigarette makers fearing criticism of these industries in state media could portend more government crackdowns. “In the short term, the further rebound may continue but uncertainties over policy control will drive long-term investors away from Chinese technology names,” said Edison Pun, senior market analyst at Saxo Markets. The Hong Kong index fell 0.83% and Korea, was down 0.3%. But Australian shares hit a record closing high, led by banking stocks, and Japan’s Nikkei climbed 0.52%. Oil prices fell, wiping out early gains as more countries imposed movement restrictions amid a surge in coronavirus cases and as the U.S. dollar firmed, though tension in the Middle East kept prices from falling further. U.S. crude fell 0.19% to $68.02 a barrel while Brent crude dropped 0.21% to $70.25 per barrel. Gold was steady at $1,811.40 an ounce. Ether, the world’s second-largest cryptocurrency, dropped 1.75% having gained 8.7% a day earlier ahead of a technical adjustment to its underlying ethereum blockchain, which should happen later on Thursday. Editing by Kenneth Maxwell, Kim Coghill and Giles Elgood Our Standards: The Thomson Reuters Trust Principles.
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