After several months of buildup, the Trump’s tax reform was finally unveiled on September 27. To better understand the potential implications for investors, Curt Overway, CFA from Natixis Global AM offers insight on what the tax reform proposal means for investors’ portfolios. A few observations can be made.
Two observations in oil market deserve closer attention these days, says analyst Norbert Rücker, Head Commodity Research at Julius Baer: the US official weekly petroleum market report, and the increased geopolitical uncertainties coming from Kurdistan’s independence vote and the US pressure on the Iran nuclear deal.
The latest set of September PMIs published yesterday showed that global economic growth momentum will remain very strong until year end, with the US, Europe and Japan set for even higher growth in Q4 2017 and only a minor cooling of economic growth in China. This bodes well for a continuation of US rate normalisation in December 2017.
Late yesterday, Donald Trump outlined his plans for the overhaul of the US tax system in a speech in Indianapolis. The aim is to cut taxes by $1.5 trillion over 1o years, as well as simply the system.
Nobody really knows why volatility has disappeared. In theory, there are more than enough reasons for the market to be nervous, and for investors to take advantage of this to obtain higher returns.
Markets are currently looking to the US Federal Reserve’s (Fed) September policy meeting, scheduled for tomorrow and Wednesday. Given the Fed’s statement at its June 2017 policy meeting, the balance sheet reduction should begin gradually at USD 10 billion per month.
Yesterday, Apple presented the iPhone X, a new version of the phone which incorporates the biggest change in design since its launch in 2007. The new iPhone X will sell for 999$.
Siemens Gamesa will increase the annual amount of energy produced at the wind farms of NextEra Energy Resources in Texas (US) by up to 25%. As a result, it will boost their profitability and efficiency, as well as extend their useful life, the company said.
Ever since December last year, when it reached its low point, almost at parity with the dollar, the euro has not stopped rising. And the European economy is doing much better than that of the US.
On Wednesday September 6, Renfe will submit a bid to develop what will be the first AVE train in the US, running between Los Ángeles and San Francisco in California. The bid fits in with the company’s internationalisation strategy.