Global shares fall on Fed rate hike, UK rate outlook
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June 16, 2017
TOKYO (AP) — Global stocks fell Thursday after the U.S. Federal Reserve raised its key interest rate and the Bank of England revealed it was unexpectedly close to hiking its own benchmark rate at its policy meeting.
KEEPING SCORE: Germany's DAX fell 0.9 percent to 12,690 while the CAC40 of France sank 1.1 percent to 5,188. The FTSE 100 of Britain dropped 1.1 percent to 7,393. U.S. shares looked set to open lower, with Dow futures down 0.4 percent and S&P futures off 0.6 percent.
INTEREST RATES: The Federal Reserve raised interest rates for the third time since December, something investors had...
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