News / Article

World Shares Off Record Highs As US Tax Bill Passes Senate

Source: finance.yahoo.com - Dec 20, 2017

World stock markets wavered just below recent record highs while U.S. Treasury yields held near multi-month peaks on Wednesday as the final procedural throes of long-awaited U.S. tax reform played out in Washington.

The Republican-led U.S. Senate approved the sweeping $1.5-trillion tax bill in the early hours of Wednesday. A re-vote by the House of Representatives was scheduled for later in the day, with approval expected, and the bill will then go to President Donald Trump to sign into law.

European stock markets fell (.STOXX), with blue-chip indexes in Berlin (.GDAXI), Paris (.FCHI) and London (.FTSE) 0.2 to 0.4 percent lower on the day.

CLICK SOURCE TO READ ARTICLE

Category: General Business