Economic news

European stocks fall on muted reaction on U.S. tax bill

European shares slumped on Thursday following Wall Street and Asia losses amid a muted reaction on the U.S. Congress’s passage of a long-anticipated tax bill.

The pan-European STOXX 600 index inched 0.2 percent lower. Germany’s DAX 30 index dropped 0.3% to 13,034.19, while France’s CAC 40 lost 0.4% to 5,328.56.

Britain's FTSE 100 index dipped 7,522.38. Spain’s IBEX 35 tumbled 0.3% to 10,176.50.

Investors in Europe also focused on the regional election in Spain, where the government hopes the pro-independence parties to lose election in Catalan parliament.

Hopes for passage of a historic tax reform in the U.S. have triggered a rally in recent weeks, but the optimism has faded in recent days as the lawmakers got closer to the final vote.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree