Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Global stocks lower after Fed official suggests September rate hike still possible


BEIJING — Global stocks were mostly lower Monday after a U.S. Federal Reserve official suggested a September interest rate hike still was possible and weak Japanese factory activity provided more evidence of a sluggish global economy.

KEEPING SCORE: In early trading, France's CAC-40 fell 1.2 percent to 4,619.91 and Germany's DAX lost 1.3 percent to 10,164.90. Wall Street looked set for losses at the open. Futures for the Dow Jones industrial average and Standard & Poor's 500 were both off 1 percent. On Friday, the Dow lost 0.1 percent and the S&P rose 0.1 percent while the Nasdaq composite gained 0.3 percent.


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