Markets fall, China raises rates

Markets fell on Thursday.

The S&P 500 fell 0.4 percent, the STOXX Europe 600 fell 0.5 percent and the Nikkei 225 fell 0.3 percent.

A day after the Federal Reserve raised interest rates, the People's Bank of China also raised rates, albeit slightly. The PBC increased rates on reverse repurchase agreements by 5 basis points for the 7 and 28-day tenors.

However, the European Central Bank and the Bank of England left their interest rates unchanged.