Asian equities dive
On Tuesday, Asian equities headed south along with crude prices due to the fact that downbeat mood about world surge drove traders away from risky assets…
Asian equities soar ahead of American tax plan
On Wednesday, Asian equities rallied because market participants actually hoped for progress on key tax reform in the US, while the evergreen buck hovered close to one-month maximums on ascending hopes for an American interest rate leap in December.
On Wednesday, the administration along with Republicans in Congress is due to outline a tax initiative. Well, if passed, it would be the first considerable legislative win for Donald Trump since taking office in January.
Furthermore, it would be a victory for Wall Street because corporate tax drops would potentially spur revenues, and a tax amnesty on offshore cash holdings could drive more buybacks, thus sharing values.
Financial experts told that the American tech space is going to be one to watch because it boasts mountains of cash, which could be brought back for the purpose of sharing dividends and buybacks.
On Tuesday, Wall Street concluded mostly intact, although the tech sector earned 0.4%, with Apple equities soaring 1.7% after four sessions of dips.
Similar
FTSE 100 heads north on China data
On Monday, London markets managed to gain due to the fact that traders weighed up the latest China surge data and also waited for UK Prime Minister Theresa May to outline her fresh Brexit proposal to the country’s parliament…
EU equities tumble from six-week maximums on Chinese GDP data
On Monday, European equities dived from six-week maximums after China's fourth-quarter surge figures confirmed a deceleration in the world's number two economy with the previous year its worst year since 1990…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
Deposit with your local payment systems
