Japan’s#Applepic.twitter.com/ZOwZWOCrXX2&bothhttp://t.co/VQA0NGhKVR pic.twitter.com/hVAfdRA2ga 8.06am BSTToday’s market rally is also being driven by hopes that the US Federal Reserve will not raise interest rates next week.
The World Bank’s chief economist,Kaushik Basu, told the Financial Times that the Fed risks triggering “panic and turmoil” in emerging markets if it hikes at its September meeting. 7.40am BSTGood morning.
Global markets hold been buoyed by China’s novel market intervention and the announcement from the China’s Ministry of Finance (MoF) that they will speed up fiscal spending. Japanese markets hold been the standout performer in Asia nowadays, and seeing a record daily rise off the back of plans to cut corporate tax rates....
Prime Minister Shinzo Abe announced plans for dramatic cuts to corporate tax rates. He stated that he planned to initially cut the current corporate tax rate of 35% by 3.3%,and push it down into the twenties over several years until it reaches as level that compares favourably in the international context.
A stormer of a session for the Nikkei sees it finish +1343 points or 7.71% higher. FTSE100 forecast to start +100 points at 6246."Billions wiped onto pensions" ™Continue reading...
Source: theguardian.com