Markets fall on US tax plan and UK rate hike
In Dublin, Smurfit Kappa continues positive trend despite posting fall in earnings
Traders work on the floor in the New York Stock Exchange. Photograph: Bryan Smith/Getty Images
World stock markets edged lower on Thursday, with Wall Street slightly lower and the US dollar modestly weaker after details of a Republican tax plan were released, while sterling dropped after the Bank of England’s policy announcement. The Republican tax plan called for a swath of changes to the US tax code, including slashing the corporate tax rate and reducing the number of tax brackets for individuals.