"The Guardian" : World markets hit new highs on Macron relief rally and Trump tax plans - as it happened
Relief over the French elections and Trump's tax cuts plan are pushing facebook/" target="_blank">shares higher across the globe
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Trump's tax plan calls for ending the alternative-minimum tax and the estate tax, and reducing the top rate for individuals from 39.6 percent to 35 percent. The small-cap Russell 2000, which could be among the greatest beneficiaries if the tax plan passes, was up 0.6 percent, at 1419.43. The two lower brackets would be 10 percent and 25 percent under the Trump plan. The announcement of the Trump tax plan Wednesday afternoon had little effect on a stock market that earlier this week saw the tech-heavy Nasdaq break 6,000 for the first time and the Dow Jones industrial average flirt with 21,000. "The market saw the Trump plan and was interested in it, but until the market gets specific results, I don't think it is going to act on it," said Zaccarelli.
While, Bic closed at the bottom of the benchmark, down by over 10 percent, after announcing lower net income and net sales in its first quarter. Its facebook/" target="_blank">shares ended over 9 percent higher. Both the Dow Jones industrial average and broader S&P500 also continued slightly higher as investors eagerly awaited the much-heralded release of President Trump's "massive" tax plan. European shares hovered close to 20-month highs as retail stocks led the gains on Wednesday. The sector was buoyed by strong earning reports with French luxury brand Kering posting record quarterly sales.
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collected by :Jack Luxor
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Stock markets wait on Trump tax plan
Trump's tax plan calls for ending the alternative-minimum tax and the estate tax, and reducing the top rate for individuals from 39.6 percent to 35 percent. The small-cap Russell 2000, which could be among the greatest beneficiaries if the tax plan passes, was up 0.6 percent, at 1419.43. The two lower brackets would be 10 percent and 25 percent under the Trump plan. The announcement of the Trump tax plan Wednesday afternoon had little effect on a stock market that earlier this week saw the tech-heavy Nasdaq break 6,000 for the first time and the Dow Jones industrial average flirt with 21,000. "The market saw the Trump plan and was interested in it, but until the market gets specific results, I don't think it is going to act on it," said Zaccarelli.
European markets close higher on earnings; Trump tax plan in focus
While, Bic closed at the bottom of the benchmark, down by over 10 percent, after announcing lower net income and net sales in its first quarter. Its facebook/" target="_blank">shares ended over 9 percent higher. Both the Dow Jones industrial average and broader S&P500 also continued slightly higher as investors eagerly awaited the much-heralded release of President Trump's "massive" tax plan. European shares hovered close to 20-month highs as retail stocks led the gains on Wednesday. The sector was buoyed by strong earning reports with French luxury brand Kering posting record quarterly sales.
read more visit us Markets
collected by :Jack Luxor
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