Concerns that President Trump’s economic agenda is losing steam sent European
and Asian stock markets lower on Thursday, on the heels of sharp declines in the United States the previous day.
• Mexico’s central bank is expected to raise its benchmark interest rate for a sixth
consecutive meeting to combat inflation that is almost double its 3 percent target.
Movers: Stocks Still Shaky -
By THE NEW YORK TIMESMAY 18, 2017
We’re following major developments in the markets throughout the day.
Investors — who have shrugged off other reports of controversy involving the president
— appear finally to be reacting to apparent turmoil in the Trump administration.
• New figures showed Japan’s economy grew for a fifth consecutive quarter, the longest period of expansion in a decade.