Wednesday, March 22, 2017

Trump Tax Cut Doubts Hit Global Stocks, Lift Yen Versus Dollar

By Yahoo, March 22, 2017

NEW YORK (Reuters) - Most U.S. and European share indexes fell or were little changed on Wednesday as concerns over potential delays to President Donald Trump's pro-growth policies again unnerved investors, while safe-haven gold, U.S. Treasuries, and the yen rallied.

The benchmark U.S. S&P 500 stock index briefly hit its lowest level in five weeks, while the FTSEurofirst 300 index of top European shares hit a roughly two-week low as investors increasingly worried about whether Trump would be able to push ahead with his pro-growth policies.

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