Global stocks fall on fears of raised interest rates

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Global stocks fall on fears of raised interest rates via IrishTimesBiz

The FTSE 100 also ended lower, weighed down by shares of consumer companies and industrial stocks, while improving employment conditions in the UK and rising US treasury yields signalled growing bets of tighter monetary policies.UnileverUnilever extended declines from the previous session, and was down 4 per cent, near a five-year low, as the company signalled on Monday it would pursue a deal for GSK’s consumer business, calling it a “strong strategic fit”.dropped 9.

Goldman’s plunged 7.7 per cent after missing fourth-quarter earnings estimates on weak trading activity, dragging the S&P 500 banks index down by 2.4 per cent.

 

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