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In a weekly report highlighting major economic events around the world
30/9/2017 12:00 am [rtl]WASHINGTON ( Reuters) - World economic markets saw significant events by the end of the week, including the US Treasury Secretary's assertion that President Donald Trump's proposals were not negotiable. Oil was down on the settlement after Nymex crude hit a 5-month high earlier in the session. US Treasury Secretary Stephen Munchin said President Trump's 20-percent corporate tax cuts were "non-negotiable". Trump said his tax reform plan would require a 20 percent reduction in corporate taxes, from 35 percent now. The US president said new details of those reforms, including raising the level of tax-free income to $ 24,000 for married couples, and $ 12,000 per person. The British pound turned against the greenback, after falling, after comments by the Bank of England Governor on the impact of the possible "bricast". He said he would not be able to stop the impact of the UK's exit from the EU, stressing that the economic boom would depend on the final arrangements for BRICEST. As the dollar continued to decline in trading following mixed economic data on the growth of the US economy, and requests for aid in the United States. The US economy grew by 3.1 percent in the second quarter of this year, more than expected. While the number of US jobless claims rose more than last week, to 272,000. Oil is down to settle, with Nymex crude trading below $ 52, after trading earlier in 5 months and natural gas extending losses over the weekend, with data released by the US Energy Information Administration 58 billion cubic meters in the past week, below expectations pace. rising stock of Japanese stock index "Nikkei" record declined in early trading on the Tokyo stock Exchange on Friday. the Nikkei 0.23 percent to 20315.34 points as index TOPIX down broader 0.23 percent to 1672.31 points. rallied exponent indices They are European at the close of trades, with statements about continued stimulus in the euro area. US stocks rose, with S & P hitting a record closing level and the Dow rising for a second straight session, following economic data. Record highs The Russell 2000 index of US small-cap stocks closed at a record high for a second consecutive session, following economic data on US economic growth and aid claims. The index hit a record high yesterday, coinciding with the announcement of US President Donald Trump's tax reform plan in the United States. Rooko, the US entertainment and gaming company, rose 67.8 percent from $ 23.5 on the first day of the bourse, up from $ 14 a share.[/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=145159 [/rtl] |
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