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Dovish Fed tone drags on global stocks | Webmarked News

Dovish Fed tone drags on global stocks

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Weakness in bank stocks drags European shares to a downbeat open as financial sectors suffer from a less hawkish than expected tone from the U.S. Federal Reserve. But as Kate King reports, China’s central bank has the tightening bug too: nudging up money market rates as authorities seek to rein in high-risk lending.

Dovish Fed tone drags on global stocks

Tags : Pboc, Pbocstocks, Federal reserve rake hike, china, markets, Dovish, stocks

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