The US tax reforms are supporting the market

Nov 30, 2017, 11:25 AM

US tax reforms are in focus for Matt Brown this morning. Nick Batsford highlights that the average S&P 500 company pay 28% corporation tax, and they are looking to pull it back to 20%. Matt Brown, Finance Editor says it looks like a vote may go ahead today or tomorrow, to finally get the US tax reforms though. Banks rallied in the US yesterday, but then Tech stocks pulled back, especially Apple. However, Tech stocks  have been fantastic this year regardless. The US tax reforms are supporting the market. 

Also there have been some strong China manufacturing data this morning. Matt also then gives some advice for Bitcoin traders. 

FTSE one to watch

Aviva insurance is doing really well and have had numbers out this morning. Watch the video to find out what numbers they have released this morning and why it is ticking the boxes for a good investment!

AIM one to watch

Serica Energy is the AIM one to watch today, as it has come back to the market after being suspended. Stock is trading up around 70p. Oil fields are going to bring a significant increase in reserves and production. 

Also discussed in this segment 

GBP/USD & EUR/GBP - Pound on the move to the upside

Broker Recommendations - Babcock International 

Core Number - 40% increase in Just Eat share price

Economic Calendar 

#UStaxreforms, #tax, #reforms, #us, #bitcoin, #trading, #usa, #uk, #ftse, #aim, #FTSE, #AIM, #aviva, #GBP, #USD, #EUR, #GBPUSD, #MattBrown, #CoreLondon, #CoreFinance