Global Markets: Dollar drops as Trump agenda flails; stocks wobble on earnings

[jpak]

https://in.reuters.com/article/global-markets-idINKBN1A30N0

NEW YORK (Reuters) - The dollar stumbled on Tuesday and U.S. Treasury yields fell on a fresh setback to U.S. President Donald Trump's domestic agenda, while U.S. and European stock indexes struggled after a heavy batch of earnings reports.

The collapse of his fellow Republicans' push to repeal and replace Obamacare with their own healthcare bill in the U.S. Senate again raised doubts in financial markets about Trump's ability to enact tax cuts and infrastructure spending.

The dollar fell 0.51 percent against a basket of key currencies, setting a 10-month low and extending its 2017 decline to more than 7 percent.

"It pushes out the rest of the agenda. It’s hard to do a tax reform in the style that it was campaigned on," said Art Hogan, chief market strategist at Wunderlich Securities in New York. "The healthcare hurdle pushes everything in Trump’s agenda to 2018."

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[BigmanPigman]

1. IF he is still there in 2018!

[Achilleaze]

2. The Trump Slump

I Heard that Nostradamus warned the world that the Republicans would bring this plague upon us all. Yes I'll have to check the quatrains on the subjects of treason collusion, economic collapse and general all-around republican sleazebaggery