Money

World stocks lose momentum after record-breaking week

Written by Teunis Felter

Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on U.S. President Donald Trump’s policies on tax and trade. Although the dollar was 0.3 percent firmer on the day, it was hovering near a one-week low against a basket of currencies and headed for its sixth week of losses in the last eight, as investors awaited substantive market-friendly news from President Donald Trump on tax reform.

http://www.reuters.com/article/us-global-markets-idUSKBN15W02R

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.