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Global stock indexes cooled off on US tax reform doubts

MSCI's global stock index, which tracks shares in 47 countries, declined 0.2%, slipping further from a record level

Reuters  |  New York 

Global stock indexes cooled off on Friday as signs that US tax reform could be delayed impeded the market's momentum. MSCI's global stock index, which tracks shares in 47 countries, declined 0.2 per cent, slipping further from a record level. On Thursday, the global index fell 0.4 per cent following 10 straight days of gains. The MSCI world index has surged more than 20 per cent so far this year, and some investors believe a pullback is due. "The pause that the market is currently in is directly related to what's going on from a tax standpoint," said Jim ...

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First Published: Sat, November 11 2017. 01:12 IST
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