Daily News | Donald Trump’s tax reform plan

Today we’ll be discussing financial news from Japan, Hong Kong and the United States, for it seems that a lot of interesting things have happened in these countries recently. Naturally, this can lead to some trading possibilities, especially Donald Trump’s tax reform plan, but let’s start from the top. There are two main reasons for optimism in the east of Asia. Firstly, the Chinese central bank decided to free up liquidity, which caused an immediate expansion of financial stocks. This action was supported by other important boosts – Hong Kong’s Hang Seng Index .HSI climbed to the highest level since May 2015 and Japan’s Nikkei .N225 climbed significantly, as well.
Another important information that could help mostly long term traders comes from the United States. There, many are debating about Donald Trump’s tax reform plan. As we can read from the North American data providers, two big investors – Warren Buffett and Larry Fink – are not happy with Trump’s lates move. Fink told to CNBC that they had a lot of business that could become non-competitive in the world because of the corporate tax rate. Let’s recall: Donald Trump’s tax reform plan contains up to $6 trillion in tax cuts and it is supposed to boost annual economic growth.

Daily News | Choose the best option

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Author: Max Rothstein

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