>> Global stocks sliding Thursday after the US Federal Reserve again raised rates. Wall Street following Asia and Europe lower. Benchmark indexes all off close to half a percent moments after the open. Earlier, the Nikkei led declines in Asia, down almost 3%. In London, the FTSE Index hit fresh two year lows.
British shares is now on track for their worst year since the 2008 global financial crisis. Brexit a factor, of course, but it's what happened here that's the focus right now. The Fed not only raising rates but also sticking to plans for more hikes over the next two years.
Investors and Donald Trump worry that the rises could choke off economic growth. News out of Washington helping one set of stocks to head the other way though. Shares in Russian aluminum producer Rusal jumping as much as 27% in Hong Kong trade. That after the US Treasury said it would lift sanctions on the firm.
Rusal given relief after billionaire owner Oleg Deripaska cut his stake in it and two other firms. He personally remains under sanctions.