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Market Buzz- 20th October 2017

20 Oct 2017

 

  1. Dollar Gains, Treasuries Fall on U.S. Tax Hopes: Markets Wrap N.Z. dollar extends slide after Labour Party forms government.
  2. Yen declines as all eyes turn to Sunday’s Japan election.
  3. The dollar climbed as Treasuries fell after the latest developments in Washington buoyed optimism about the chances for American tax cuts.
  4. Stocks in Asia halted a rally after global equities reached records during the week.
  5. The U.S. Senate adopted a fiscal 2018 budget resolution on Thursday that House GOP leaders agreed to accept, indicating impetus to accelerate President Donald Trump’s plan to deliver tax cuts.
  6. Japan’s equity benchmarks pared losses as U.S. equity-index futures climbed and the yen declined, unwinding gains from the previous day.
  7. New Zealand’s election result pummelled the kiwi dollar as investors said the outlook for economic growth had deteriorated.
  8. Gold headed for its fifth weekly drop in six as safe havens lost favour with investors.
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