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Global Markets: Stocks, dollar gain as U.S. tax plan advances

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Global stock markets rose on Monday, along with the dollar and Treasury yields, after a major U.S. tax overhaul cleared an important hurdle.Markets reacted broadly to the U.S. Senate's approval on Saturday of the biggest tax law change since the 1980s, taking President Donald Trump closer to his goal of slashing taxes on businesses.On Wall Street, the benchmark S&P 500 and Dow industrials rose to record highs, while MSCI's gauge of stocks across the globe gained 0.45 percent and hit an all-time peak."The big story is indeed the tax reform passage. Until ...

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First Published: Mon, December 04 2017. 22:41 IST