Asian markets mostly down as tax cut euphoria wanes
Asian markets fell on Thursday as investors took a step back following recent gains after Donald Trump’s tax reform bill finally passed through Congress, giving him
- tions the president’s promised cuts would fire the already strong economy and those gains increased over the past week as it became clear that months of bargaining
Trump proclaimed “We are making America great again” to Republican lawmakers at
However, with the uncertainty out of the
“President Trump finally has a piece of a lot of optimism priced in,” said Shane
“I believe this is a perfect example of buy of profit taking coming into the back end
“I believe the next catalyst for the upside will be reductions in regulations once Jerome Powell takes over the helm at the the markets overnight is testimony ( to) the
All three main Wall Street indexes ended lower, having broken various records in
lower, with dealers awaiting the end of a Bank of Japan policy meeting later in the day to see if it gives any clues about its plans
The dollar was also struggling despite expectations the tax cuts across the board would likely fan inflation and lead to
Greg McKenna, chief market strategist at AxiTrader, said: “Forex traders remain nonplussed about the US dollar, which continues governments of the EU had got together to pass a tax cut what would the impact on the
Dollar traders are now looking ahead to the release of US personal consumption data Friday, which could provide some idea about the Fed’s plans for monetary policy