Futures on indices in Japan, Hong Kong and Australia, indicate that commerce is rising, against the backdrop of the declining risk behind Trump's tax reform. On the other hand, positivism in the US seems to be back when Wall Street continues to expect the tax reform in the belief that it will continue to expand the US economy.
Earlier today, Janet Yelan said he would step down from the Fed's board of directors as soon as Powell took her place. In this way she gives Trump the chance to appoint another man. The choice of Trump will give investors a clear idea of what interest rate the White House administration wants.
In Europe, the Stoxx Europe 600 index advanced and Germany's DAX index recovered from a seven-week low, with investors believing that economic growth would not be jeopardized by the collapse of talks between German Chancellor Angela Merkel and potential coalition partners. Merkel said he was skeptical about forming a minority government and would have preferred new elections if he could not get a majority.
Our expectations are positivism to preserve during the Asian session and to observe growth of the indices. Given the strong growth of the telecommunications sector in the US and Europe, it is a good idea to target the telecommunications companies in Asia to look for an appropriate entry with long positions.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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