Investors React to President Trump's Planned Dodd-Frank Rollback

President Donald Trump is set to sign an executive order scaling back the financial reforms.
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European bank stocks led markets higher Friday as investors reacted to reports that U.S. President Donald Trump will sign an executive order that will roll back some of the Dodd-Frank financial sector regulations put in place following the global crisis in 2008.

The Wall Street Journal said Friday that Trump will sign the order to scale back some of the Dodd-Frank Wall Street Reform and Consumer Protection Act reforms that have underpinned the sector since 2010. One of his targets, according to the paper, will be rules that compel investment advisers to act on the best interest of their clients, something the Trump administration has said limits consumer choice.