Disney's "Mulan" was released yesterday. And there is a lot of publicity about it...
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.
Long time we haven't checked the S&P 500 stocks - there are interesting events and trends to follow.
Nvidia and Alibaba report their Q2 results this week. Grab the levels and prepare to step in!
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!