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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 Tuesday, American equities were set to start lower because gloomy earnings from industrial bellwethers Caterpillar as well as 3M backed worries over Italy's finances, Saudi Arabia's diplomatic isolation as well as trade conflict fears…
On Tuesday, an ugly start to EU trading pushed world equities towards their lowest value for a year due to the fact downbeat drivers from Saudi Arabia's diplomatic isolation to fears about Italy's finances as well as trade clashes pressured market…
On Tuesday, Asian equities headed south because earnings season worries in America affected Wall Street, while a mixture of downbeat drivers from Saudi Arabia's diplomatic isolation and fears over Italy's budget as well as Brexit negotiations put…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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