Trump tax plans add support to already convincing stock market rally; IBEX lags behind as Madrid moves to impose direct rule over Catalonia; GBP jumps on optimistic May comments after meeting with EU-27.
Global equity bulls were missing in action on Thursday, after weaker corporate earnings, soft economic data from China and heightened political drama in Spain encouraged investors to head to the sidelines.
Mark this man’s words. That’s because he is U.S. Representative Kevin Brady, one of the members of the current ‘Big Six’ Trump administration and Congress members working on the Trump administration’s major tax reform effort.
Do they see what I see? OPEC’s Secretary General Mohammad Barkindo is telling us that the global oil market is rebalancing fast as the glut of refined products is gone as he and OPEC take a victory lap ahead of their November OPEC meeting.
The tax debate has dragged on all year. Do you realize there are only 40 more days to go this year on the Congressional calendar? Since we were promised something that should've been done by Labor Day, this is the 9th inning. It’s getting late...
The new week, month and quarter has started brightly for the U.S. dollar, with both the Brish pound/U.S. dollar (GBP/USD) currency pair and euro/U.S. dollar (EUR/USD) currency pair trading lower at the time of this writing.