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Global stocks, $ rise after House pushes Trump's tax cut plans
Business Standard
|February 27, 2025
Global shares and the dollar rose on Wednesday after House Republicans advanced US President Donald Trump’s tax cut plans, while Treasury yields nudged higher after the previous day’s sharp fall.
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The Republican-controlled U.S. House of Representatives late on Tuesday narrowly passed Trump’s $1.5 trillion tax cut plan, sending the budget resolution to the Senate, where Republicans are expected to take it up.
“It’s mainly good for corporate US,” said Lars Skovgaard, senior investment strategist at Danske Bank.
“There’s expected to be less regulation and tax cuts. I would expect it to happen and then it will be positive for markets if they do so.”
Sentiment also improved after reports that the US and Ukraine agreed terms of a draft minerals deal.
Diese Geschichte stammt aus der February 27, 2025-Ausgabe von Business Standard.
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