Global Market
Developed market shares led equity markets up in October, rising 1.9%, whilst the returns of emerging markets were muted, ending the month up 0.15%. Politics continued to impact sentiment as Donald Trump and Theresa May battle, ham fisted, through their respective terms.
Whilst writing this, positive news broke for global shares on the 3rd of December, as Donald Trump is on his way to winning his first big policy victory. The US Senate voted to approve Trump’s tax reform policy which aims to reduce US company tax from the current rate of 35% to 20%. This is a huge reduction, and and will provide a boost to the after-tax profits of US companies. Investors had been anticipating this news, however Trump’s inability to garner support to pass any of his key policy promises thus far, left investors wary of his getting the tax reform plans through.
JSE UP ANOTHER 1.5% IN NOVEMBER, AND WILL TRUMP TAX REFORM EXTEND GLOBAL RALLY? NOVEMBER 2017
Global Market
Developed market shares led equity markets up in October, rising 1.9%, whilst the returns of emerging markets were muted, ending the month up 0.15%. Politics continued to impact sentiment as Donald Trump and Theresa May battle, ham fisted, through their respective terms. Whilst writing this, positive news broke for global shares on the 3rd of December, as Donald Trump is on his way to winning his first big policy victory. The US Senate voted to approve Trump’s tax reform policy which aims to reduce US company tax from the current rate of 35% to 20%. This is a huge reduction, and and will provide a boost to the after-tax profits of US companies. Investors had been anticipating this news, however Trump’s inability to garner support to pass any of his key policy promises thus far, left investors wary of his getting the tax reform plans through.