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Global stocks fall on U.S. tax reform doubts, May's woes hit sterling

Reuters  |  LONDON 

By Dhara RanasingheLONDON (Reuters) - Uncertainty over a U.S. tax reform deal pushed world stock markets further away from recent record highs on Monday, while Britain's pound fell on growing concern about the future of Prime Minister Theresa May. Shares in Frankfurt, Paris and Milan fell around 0.5 percent, but London's blue-chip FTSE held in positive territory as sterling fell by nearly 1 percent, putting it on course for its biggest daily fall in over 10 days.The overall tone in stock markets was defensive after last week's sudden stumble that began with a slide in Japan. MSCI's world ...

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First Published: Mon, November 13 2017. 18:04 IST