Global Financial News: European Stocks Follow Asia Lower

The publication of President Donald Trump's tax reform plans disappointed markets

Author:: TheStreet Staff
Publish date:: Apr 27, 2017 3:36 AM EDT

Here is your summary of the financial news from around the world:

1. European stocks are set to fall for the first day in four as investors pullback from a global equity rally after the publication of President Donald Trump's tax reform plans that disappointed markets.

2. Investors maintaining a cautious stance ahead of the European Central Bank's regular policy meeting in Frankfurt

3. Deutsche Bank (DB) - Get Report posted slightly better-than-expected first quarter profits, although revenues slipped, as the Germany's biggest lender attempts to put its litigation and capital raising risks behind it.

4. AstraZeneca plc (AZN) - Get Report posted stronger-than-expected first quarter earnings and held on to its full-year guidance despite a slowing in sales for some of its key treatments in the face of generic competition.

5. Early indications from U.S. stock futures suggest a relatively flat open on Wall Street later today, but with key earnings from Comcast Corp. (CMCSA) - Get Report , Dow Chemical Co. (DOW) - Get Report , Ford Motor Co. (F) - Get Report and United Parcel Service (UPS) - Get Report , the market's direction may not be established until closer to the opening bell.