Oct 27

আন্তর্জাতিক ফাইনান্স সংবাদ। Global Finance/Stock Market News: 5 things to start your day

Global Finance/Stock Market News: 5 things to start your day

GOP tax plan remains on track, Amazon shakes the health-care industry, and third-quarter GDP data due.

Tax plan

Yesterday’s successful adoption of budget resolution by the House means the path to passing a tax-reform bill remains open, if still difficult.

Related: what is actually in the plan before its release on Nov. 1. out of the Senate by Thanksgiving.

U.S. stocks rallied yesterday on renewed hopes for successful tax reform.

Next target

Amazon.com Inc. shares rose as much as 8.5 percent beating analyst estimates.

Amazon is getting into health-care industry Related: triggered a steep selloff, reportedly in talks

GDP

hurricane damage to third-quarter U.S. GDP may be less than originally expected, with the median estimate for a 2.6 percent annualized expansion in the period.

Markets rise

Overnight, the MSCI Asia Pacific Index climbed 0.3 percent

Japan’s Topix index added 1.0 percent

In Europe, the Stoxx 600 Index was 0.5 percent higher at 5:55 a.m. (ECB)

S&P 500 futures were 0.3 percent higher

the 10-year Treasury yield was at 2.452 percent

and gold was lower.

Big oil

Yesterday was tech, today it’s big oil’s turn to dominate earnings.

Total SA posted the highest earnings : Oil and Gas Company

Exxon Mobil Corp. and Chevron Corp. are due to announce results

a barrel of West Texas Intermediate for December delivery was at $52.56 by 5:55 a.m.

Here’s what you should read today

Sayed Ahmed

Linkedin: https://ca.linkedin.com/in/sayedjustetc

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