London — The dollar and US bond yields fell on Monday while Asian shares hit a four-week low, as investors cashed in on some of their recent bets that the anticipated fiscal boost from the incoming Donald Trump administration will support riskier assets. Wall Street hit record highs and the dollar rose to a 14-year peak last week, but as the last full trading week of the year got under way investors chose to take some of those chips off the table. The profit-taking spread to Europe, where bank stocks were among the biggest fallers following two weeks of strong gains following rising bond yields. Their decline pushed the broader European indices into the red. Europe’s index of leading 300 shares was down 0.2% and banks were down 0.6%. Shares in Italy’s Monte dei Paschi fell 8.5% as it made a last-ditch attempt to raise €5bn by the end of the year and avoid a state bailout. Britain’s FTSE 100, Germany’s DAX and France’s CAC were down between 0.1% and 0.4%, and US stock futures pointed...
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