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.
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.
