Published:  12:31 AM, 14 November 2017

Stocks lower on US tax reform uncertainty

Uncertainty over a US tax reform deal pushed world stock markets further away from recent record highs on Monday, while Britain's pound fell on growing concern about the future of Prime Minister Theresa May.Stock markets in Frankfurt , Paris .FCHI and London edged up in early European trade after suffering their worst week since August on Friday.

But the overall tone in global stock markets was defensive after last week's sudden stumble. MSCI's world equity index , which tracks shares in 47 countries, was down 0.2 percent -- pulling away from record highs hit last week. Tokyo's benchmark Nikkei fell 1.3 percent, pulling down MSCI's Asia-Pacific Index.

-Reuters, London

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