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On Wednesday, Wall Street was set to start higher because Congress is supposed to vote on the final passage of the most ambitious tax overhaul for the last 30 years.
The S&P 500 futures rallied 0.29%, Dow futures tacked on 0.31%. At the same time tech heavy Nasdaq 100 futures acquired 0.35%.
Congress is believed to vote on the tax reform bill once again on Wednesday, right after lawmakers dared to have a Senate procedural measure violated. Donald Trump tweeted that if it’s passed, a White House news conference will be held at about 1:00 PM ET.
The tax bill would reduce corporate taxes from 35% to 21% that might encourage big businesses to spend more, thus stimulating the US economy.
Semiconductor Micron Technology Inc turned to be among the top winners in pre-market trading, soaring 6.64% after a firm first quarter earnings publication. At the same time beer maker Anheuser-Busch Inbev SA edged up 0.74%, IT firmGridsum Holding Inc tacked on 15.38%, On Track Innovations Ltd headed north 4.84%.
On Tuesday, American futures declined by 1% because a technology rout in the previous trading marathon provoked by fears over iPhone sales affected investors' appetite for high-surge companies…
On Tuesday, European equities went down, with financial institutions weighing a lot on fears about decelerating economic surge, Italy’s budget, receding earnings momentum, to say nothing of a lower probability of rate lifts in the EU in 2019…
On Tuesday, Asian equities declined, extending steep losses on Wall Street because technology companies bore the brunt of fears about decreasing demand, while the evergreen buck dipped after poor American data further affected confidence in the US dollar…
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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