FTSE falls as market digests BoE rate rise

The FTSE 100 index is currently down around 6.7 points or 0.2% to 4509.50, as Reuters, the media firm, has lost 10p or 2.7% to 364p. Sainsbury, the supermarket has also dropped 5.75p or 2.1% to 272.75p. In Asia, the markets fell earlier today as there are worries the US Federal Reserve may increase interest rates and in turn cut the profit potential of the largest exporters. Toyota Motor and Yamaha dragged the Nikkei 225 index down 1.2% to 11,438 while the Hong Kong's Hang Seng index ended a four-week decline at 11,910. In the US, the markets closed down as traders reacted to th...