President Trump is due to announce his tax plan later and could cut US corporation tax to 15 per cent Susan Walsh/APThe rally triggered by the French election and strong US corporate results has stalled. The FTSE 100 was trading down 4 points this morning at 7271.45 as investors waited for President Trump to outline his tax plan later. CRH, the Irish-based builder of American roads which is hoping to benefit from Mr Trump’s infrastructure spending spree, said in an update that federal funding was “moderately increasing” and that state funding was “improving”. The shares rose 1 per cent to £28.68 as it said that it had had a satisfactory start to the year. A near doubling of profits at Standard Chartered has pushed up shares in the Asia-focused bank by 3 per cent to 750p, despite the…

Source: The Times April 26, 2017 10:52 UTC