A surprise fall in the U.S. dollar is taking the fizz out of international stock markets and prompting investors to damp overseas expectations for the months ahead. European and Japanese benchmarks—which were among the world’s best performers in the spring—have lagged behind the S&P 500 since the dollar fully erased its postelection rally two months ago. Analysts are cutting their earnings forecasts for companies in these regions...

Source: Wall Street Journal July 31, 2017 15:44 UTC