London — Stocks fell in Europe and Asia on Thursday as investor concern over the pace of US economic growth overshadowed a widely telegraphed rise in Federal Reserve interest rates that lifted the dollar off recent lows. US stock futures signalled a rocky start on Wall Street after Wednesday’s rate hike and another tumble in tech stocks. Eurozone government bond yields rose, reflecting post-Fed moves in US treasuries, whose yields had earlier fallen after weaker than forecast inflation and retail sales data triggered alarm about the underlying health of the US economy. A Washington Post report that US President Donald Trump was under investigation for possible obstruction of justice added to investor concern and undermined their appetite for riskier assets. The Fed raised interest rates for the second time this year, by a quarter percentage point to a target range of 1%-1.25% and forecast one more rise in 2017. Policy makers said the economy was strengthening and that they viewed re...
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