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Global Markets: Trump agenda setback scuttles dollar; US shares off

A mixed batch of earnings reports left US and European stock indexes lower

Reuters  |  New York 

The dollar stumbled on Tuesday and US Treasury yields fell after a fresh setback to US President Donald Trump's domestic agenda, while a mixed batch of earnings reports left U.S. and European stock indexes lower. The collapse of his fellow Republicans' push to repeal and replace Obamacare with their own healthcare bill in the U.S. Senate again raised doubts in financial markets about Trump's ability to enact tax cuts and infrastructure spending. The dollar fell 0.6 percent against a basket of key currencies, setting a 10-month low and extending its 2017 decline to ...

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First Published: Tue, July 18 2017. 22:25 IST