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On Wednesday, Wall Street futures declined. It’s because a fresh bunch of corporate earnings reports was set to be published amid strengthening uncertainty over a potential American tax reform plan.
Markets were quite jittery reacting to reports that a major corporate tax cut currently negotiated within US tax reforms plans could be postponed for one year.
Market sentiment has been spurred during in recent session by expectations that the American administration's tax cuts could drive the US economy. The bill can potentially become the greatest overhaul of the American tax system since the 1980s.
It would also appear to be the first key legislative win since Republicans “seized ” the White House and Congress in January, although doubts are still actual over the scale of borrowing required to fund the bill as well as the timetable for its passage this month.
The blue-chip Dow futures slumped 0.09%, while the S&P 500 futures declined 0.12%. Additionally, the tech-heavy Nasdaq 100 futures dipped 0.02%.
On Friday, Wall Street's key indexes were braced for reporting their biggest weekly profits for a month because traders were quite optimistic about the everlasting trade negotiations to tackle a bruising tariff clash between China and America…
On Thursday, Wall Street shrugged off early losses because a sudden dive in retail sales affected investor hopes for progress at the everlasting US-China trade negotiations in Beijing…
On Wednesday, European equities went up because upbeat mood about Washington and Beijing trade negotiations backed global markets, while data revealed that earnings surge estimates for the European Union are stabilizing after abrupt downward revisions…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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