Investors flee stocks for bonds, gold as US tax cut hopes fade
(WorldNews Business)

* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh By Sujata Rao LONDON, Aug 18 (Reuters) - World stocks were set for a second day of losses on Friday after an exodus of U.S. executives from presidential business councils dealt a fresh blow to hopes of tax reform and deadly attacks in Barcelona hit shares in European tourism firms. Investors fled into German and U.S. Treasury bonds and bought gold for the third day in a row, as U.S. policy uncertainty and fears of more attacks boosted the appeal of such top-notch assets. U.S. equity markets appeared poised for a broadly weaker open, futures for the S&P 500 and Dow Jones indexes showed, though futures on the Nasdaq tech benchmark were...