Tags: Europe | stocks | Trump | tax

European Stocks Fall as Doubts Grow Over Trump's Tax-Cut Plans

(Dreamstime)

Monday, 27 Mar 2017 12:29 PM

European stocks slipped, mirroring a drop in U.S. equities, as the failure to pass U.S. health-care legislation Friday sparked fresh doubts over the ability of U.S. President Donald Trump’s party to cut taxes and boost infrastructure spending.

The Stoxx Europe 600 Index lost 0.4 percent at the close, with a gauge for the basic resources sector plunging 3.3 percent. Mining stocks have been among the biggest beneficiaries of the Trump rally started in November. The Stoxx 600 is still up 1.3 percent in March as the Euro Stoxx 50 advanced 3.5 percent, both outpacing the S&P 500 which is down 1.1 percent over same period.

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European stocks slipped, mirroring a drop in U.S. equities, as the failure to pass U.S. health-care legislation Friday sparked fresh doubts over the ability of U.S. President Donald Trump's party to cut taxes and boost infrastructure spending.The Stoxx Europe 600 Index lost...
Europe, stocks, Trump, tax
105
2017-29-27
Monday, 27 Mar 2017 12:29 PM
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