Global stock falls before Fed meeting, Britain's referendum

Global stock falls before Fed meeting, Britain's referendum

TOKYO (AP) — Global shares slipped Monday amid growing unease over what the U.S. Federal Reserve might do on interest rates and Britain's possible exit from the European Union.

The U.S. Federal Reserve had been expected to start raising interest rates, but now appears likely to remain in a wait-and-see mode.

Japan's benchmark Nikkei 225 slipped 3.5 percent to 16,019.18 as the yen surged against the dollar, hurting exporters.

Brent crude, the benchmark for international oil prices, fell 45 cents to $50.09 a barrel in London.