LONDON MARKET CLOSE: US rates outlook hits Europe but New York rallies
Investor concerns on the US interest rates outlook hurt stocks in Europe on Friday, although investors in New York still bought despite recent hawkish comments from US central bankers.Among London shares, Diageo was by far and away the worst FTSE 100 performer. There was some slight strength in oil stocks, as Crude prices recovered, while defence firms also climbed with contract-winning Babcock International leading the charge. The FTSE 100 index slumped 95.12 points, 1.3%, at 7,360.55. The FTSE 250 fell 184.76 points, 1.0%, at 17,853.09, and the AIM All-Share fell...
