Friday is looking like another positive day for global stock markets and the U.S. Dollar after news that tax reforms in the U.S. are close to being settled. Inventors and traders are also waiting to hear from the Fed’s Yellen later today for more insights and clues about the economy. Elsewhere, Japan is getting ready to Sunday’s general election. Here are the big headlines for today’s trading.
Global markets are trading mostly lower at the moment after reaching record highs in recent days. Investors are somewhat cautious today amid the ongoing political crisis in Spain and due to memories of the Black Monday collapse of 1987 that occurred exactly 20 year ago. In the U.S., discussions continue on who will be the next Fed Chair after Janet Yellen’s terms is finished. Elsewhere, China published a weaker GDP data as was widely expected. Here are the big things to know for today’s trading.
The USD continues its good form this Wednesday as traders await fresh data from the world’s biggest economy. More earnings are set to be released later today with big companies such as American Express and eBay publish their third-quarter reports. Global stocks continue to trade near record highs and Chinese President Xi Jinping lays out the future of his nation. Here are the most important things to know for today.
Sentiment in global markets continue to look positive as world shares remain near recent highs. In the U.S., earnings season is in full speed with some major companies set to release their third-quarter reports. Also in the U.S., the race for the Fed chair head is heating up with president Trump favoring Stanford economist John Taylor for the position. Elsewhere, Oil prices are rising amid ongoing violence in Iraq. These are all the big headlines to know for today’s trading.
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