Torn between recovery and rates

A tug of war between evidence of a strong U.S. economic recovery and the prospect for higher interest rates is making investors slightly hesitant in allocating their cash significantly more into stocks.

European shares fall on Fed move; banks weigh

European shares fell on Friday, snapping a four-day winning streak, after the U.S. Federal Reserve raised an emergency lending rate, with banks among the worst performers. By 0940 GMT, the pan-European FTSEurofirst