World stocks at two-week low amid calls to impeach Donald Trump
European stocks tumble, US futures point lower and emerging-market currencies fall — with Brexit chaos weakening the pound
London — World stocks fell to a two-week low and risk assets dipped lower on Wednesday after US law makers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty.
The move by Democrats in the US House of Representatives exacerbated market anxieties running high over global recession risks as well as the US-China trade dispute. Trump delivered a stinging rebuke to China’s trade practices in a speech on Tuesday, adding to the pressure after more conciliatory tones in recent days...