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U.S., European stocks flat, bonds rise on U.S. tax-cut doubts

Reuters  |  NEW YORK 

By David RandallNEW YORK (Reuters) - Increasing concern that U.S. Republicans' plans to cut corporate taxes may not win congressional approval as early as expected weighed on American stock indexes 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 President ...

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First Published: Thu, November 09 2017. 00:50 IST