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Global Markets: U.S. stocks and European shares dip, bonds rise on U.S. tax cut doubts

Reuters  |  NEW YORK 

By David RandallNEW YORK (Reuters) - Increasing concern that U.S. Republicans' plan to cut corporate taxes may not win congressional approval as early as expected helped push major American stock indexes lower on Wednesday, overshadowing strong economic data in Asia that sent the MSCI All World Index to a record high. The dollar edged lower against a basket of currencies, while European shares dipped, led by a broad decline in bank stocks. Derek Halpenny, head of global markets research at Mitsubishi UFJ in London, said he was dubious about the progress of the tax overhaul bill proposed by ...

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First Published: Wed, November 08 2017. 22:12 IST