US rate hike talk weighs on global stock markets

Mounting expectations that the United States will raise interest rates in December for the first time in nine years dominated world financial markets Monday, weighing on stocks but underpinning the dollar. European stock markets fell as brokers pondered the impact of higher US rates. London's FTSE dipped 0.7 percent, Frankfurt's DAX 30 eased 1.3 percent and Paris' CAC 40 dropped 1.5 percent.