Global markets were mixed overnight, as Wall Street fell on news the planned corporate tax cut may take five years to implement. A report by Bloomberg that Republican tax writers are considering a five-year period for cutting the corporate tax rate to 20 per cent from 35 per cent knocked the wind out of the rally earlier in the day.
Separately, there have been reports that Trump plans to announce on Thursday (Friday AU / NZ time) his choice for the next Federal Reserve chair, with Jerome Powell remaining the front runner.
With the third-quarter US earnings season more than half-way through, nearly 74% of the S&P 500 companies to report so far have topped profit expectations, compared with 72% overall the past four quarters.
Stock in Focus: Ebos Group (EBO:NZ / EBO:AX)
Healthcare and Pharmaceutical company Ebo...
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