tax reform

This week, the U.S. Congress approved the tax bill.
U.S. equity markets are on course to open higher again on Friday, once again pushing for new record highs as tax reform edges ever closer.
December has been historically a good month for equity markets.
The euro put in a decent session, trading higher on dollar weakness.
The new week has started with a bang for the global stock markets.
Asian equities were mostly higher on Monday after Wall Street closed on record highs last Friday, as the U.S. Congress seemed very close to passing a final bill that will reduce corporate taxes from 35% to 21%.
We’re seeing a little caution in the markets as we enter the business end of the week, with equity markets in the United States poised to open flat ahead of the FOMC decision.
This is certainly shaping up to be a painful trading week for the British pound, as fears mount over the lack of progress in Brexit talks.
It’s been a rocky few days for US equities and that may be starting to take its toll, with US futures pointing to a weaker open on Wednesday.
Global equity bulls were nowhere to be found during Tuesday’s trading session as market players evaluated the possible impact of proposed U.S. tax cuts.