21 December, 2017
Asian indexes were mixed on Thursday following a soft close in Wall Street following a widely anticipated tax reform approval by Congress.
House Republicans were able to pass a long-awaited tax bill, which now will pass to President Donald Trump’s desk for final approval.
The bill includes tax cuts for corporations from 35 to 21 percent to be implemented in 2018. Individuals will also pay less as their seven-brackets system will be simplified.
The Dow Jones industrial average was down 28.10 points to end at 24,726.65. The S&P 500 took a 0.1 percent hit to finish at 2,679.25 points. The Nasdaq composite was flat at 6,960.96 as some FAANG stocks like Apple, Facebook and Alphabet settled in negative territory.
Investors kept an eye on stocks sensitive to rising geopolitical tensions between China and South Korea, with tourist visas remaining a key issue for both sides.
Earlier in today’s session, the Bank of Japan announced it is keeping its monetary configuration unchanged, leaving its interest rate at minus 0.1 percent.
No relevant economic data is scheduled in Asia or Europe.
The US dollar index, which measures the greenback against six major currencies, was trading 0.10 percent higher at 92.98 by the time of this writing.
Attention will be directed to a revision of the third-quarter gross domestic product and initial jobless claims as of 13:30 GMT.
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The buying interest persists in the market. All technical indicators are positive supporting buy orders. The resistance lies at 1.3300, the support comes...
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The benchmark broke 12600 first and then weakened down to 12527. Bulls returned control in the early European session and returned the price to 12600...
We expect the spot to retest 1240 in the short-term. Should sellers succeed they may lead the pair down to 1230. If the level stands the spot...
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