World stocks drift as investors factor in Fed rate hike

HONG KONG (AP) — World stock markets drifted Friday as investors increasingly factored in a U.S. interest rate increase soon, based on the brightening corporate and economic outlook.
KEEPING SCORE: France’s CAC 40 edged down 0.2 percent to 4,531 and Germany’s DAX was flat at 10,699. Britain’s FTSE 100 ticked 0.3 percent higher to 7,048. U.S. stocks were poised to open lower, with Dow and S&P 500 futures both slipping 0.4 percent.
FED OUTLOOK: Investors are seeing a hi