Our Wednesday's intraday trading outlook was bearish. It proved partly accurate because the S&P 500 lost 0.1% following the slightly lower opening of the trading session (-0.2%).
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%.
A sense of caution was felt across financial markets during Thursday’s trading session as concerns surrounding the progress of U.S. tax reforms resurfaced.
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.
