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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, European equities rebounded after two days of extensive selling because market participants’ worries over the Turkish currency downtime relieved a bit due to reassurances from the Turkish government and major bank…
On Tuesday, equities of the Asia-Pacific region showed quite different directions because worries as for Turkey slightly receded after the country's major financial institution took measures to boost liquidity in the foreign exchange market…
On Monday, American equities went down because a downtime in Turkish lira pressured equities of big American lenders and provoked a widespread selloff in global stocks…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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