Oil price decline weighs on markets ahead of US tax vote - News Summed Up

Oil price decline weighs on markets ahead of US tax vote


Global share prices fell sharply Wednesday as sinking oil prices weighed on oil producers and other energy stocks. Investors are also monitoring developments surrounding President Donald Trump's attempt to get sweeping legislation to revamp the U.S. tax system through Congress. KEEPING SCORE: In Europe, Germany's DAX fell 1 percent to 12,903 while the CAC 40 in France fell 0.6 percent to 5,285. U.S. stocks were poised for a lower opening, with Dow futures and the broader S&P 500 futures down 0.5 percent. Australia's S&P ASX 200 fell 0.6 percent to 5,934.20 and the Kospi of South Korea declined 0.3 percent to 2,518.25.


Source: ABC News November 15, 2017 07:14 UTC



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