Friday, April 21, 2017

Equities rejoiced on US Treasury Secretary Mnuchin’s promise of a tax reform that would come “very soon


GBL: Soon!



Global Markets Daily
by Saktiandi Supaat


FX Research





Equities rejoiced on US Treasury Secretary Mnuchin’s promise of a tax reform that would come “very soon”. He stressed that economic growth could be boosted by tax reform to improve business competitiveness and regulatory relief that would ensure banks can lend. In addition, he also said that the plan will pay for itself with growth. The Trump reflation trade was revived overnight with equities, USD and Treasury yields gaining. Separately, Trump said that he sees a vote on the health care bill.

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