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World stocks lower on U.S. tax reform uncertainty, May's woes rattle 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. Stock markets in Frankfurt, Paris and London edged up in early European trade after suffering their worst week since August on Friday.But the overall tone in global stock markets was defensive after last week's sudden stumble. MSCI's world equity index, which tracks shares in 47 countries, was down 0.2 percent -- pulling away from record highs hit ...

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First Published: Mon, November 13 2017. 14:44 IST