May 30, 2023 Trending New York News

Trump and central banks lift markets

After Black Monday, markets are taking their breath away from the US President’s promises of new tax cuts. There is also a bet on a new Fed intervention and a maxi injection of liquidity by the ECB. Wall Street futures are also on the rise, and crude oil is recovering after yesterday’s thud.

After Black Monday , the markets seem calmed by the promises of President Donald Trump is thinking of economic measures to counteract the effects of the coronavirus. The idea is to reduce the tax burden with a ” substantial cut ” and the intervention will be explained in detail at a press conference scheduled for the afternoon: it could include cuts in taxes on income and greater coverage for absences due to illness to ensure vulnerable workers, who have self-isolated themselves.

European markets seem reassured, and Wall Street futures are also positive which, after yesterday’s sharp drop, showed gains of between 2.5 and 3 percentage points. But according to analysts, the rebound in the stock market is also “aided by the signs that China has put the spread of the virus under control, with the least number of infections since mid-January.

In short, investors appear more optimistic and the expectation for further moves by the Central Banks seems to be influencing this : tomorrow the ECB is expected to pronounce it, which should guarantee a maxi injection of liquidity while the hypothesis that the Fed is materializing you are already working on another rate cut already in the middle of the month.

Finally, the rebound in oil prices , also helped by both Aramco which has increased production and by Russia which remains a possibility of a ‘truce’ with Saudi Arabia, was a breath of fresh air for a market that has been seen sink into a nightmare, already lived thirty years ago.

Banner
Related Posts

“Motivation Is What Gets Me Started and My Hard Work Is What Led Me to Where I’m Today” – Joshua Jones

March 22, 2022

March 22, 2022

A highly talented interior designer, Joshua Jones, believes in perseverance and hard work. He lives by the maxim from I....

The Future of Sales Talent – Courtney McCashland’s AuctusIQ and the Drive for Growth

April 16, 2023

April 16, 2023

The sales industry is facing a transformation like never before. With technology disrupting the way businesses interact with their customers,...

Justin Alphabet Shares His Experience of How Being a Perfectionist Can Sometimes Lead to Failure

July 22, 2022

July 22, 2022

Perfectionism is not necessarily a bad trait, but when it comes to running a business, you must prepare yourself to...

Ricky Kidd Is Coming Out of the Shadows That Were Cast upon Him as “A Victor, Not a Victim”

July 1, 2022

July 1, 2022

In a perfect world, justice would be served to everyone on a gold platter. Sadly, that perfect world is far...

Celebrating Black Love: ‘The Shofs’ Share Their Secrets for Keeping the Spark Alive”

January 20, 2023

January 20, 2023

In a society where Black marriages are often portrayed as troubled or lacking in media and pop culture, Abisola and...

How Content Creator John Holowaty Chose Simplicity as a Pathway to Success

May 13, 2022

May 13, 2022

Have you ever dreamt of success? What is stopping you from making it a reality? John Holowaty believes achieving success...

What Inspired Nicole Francis to Start 1776 Faux Farmhouse

February 23, 2023

February 23, 2023

Our world today is driven by DIY hustles. People love to explore their creativity and showcase them to the world...

How Alexis Fedor Is Coaching Fellow Artists to Create Businesses Online with Their Art

January 13, 2023

January 13, 2023

Meet Alexis Fedor, a performance artist, writer, coach, and the founder of Artists In Business. The thriving artist-turned-businesswoman is helping...

PhD Candidate Chloe Kirk Shows That You Can Do Anything with a Science Degree

May 24, 2023

May 24, 2023

How many of us are doing the exact career our high school self thought we’d be doing?  Most of us...

Dipika Gupta of Kavi Kavi Talks about Why Vegan Skincare Is Healthier

November 24, 2022

November 24, 2022

Once perceived as something for the overly health-conscious, the vegan lifestyle is now one of the hottest lifestyle trends. In...

A Sneak Peek into Ryan Huffman’s Journey as a Creative Producer

February 20, 2023

February 20, 2023

Ryan Huffman has proven himself as one of the most versatile and inventive producers in entertainment. Across a decade of...

Meet Cloudie McDoom – The Gaming Industry’s Newest Comedian

February 2, 2023

February 2, 2023

Cloudie McDoom is a gaming comedian who has made a name for himself by creating parodies of popular games on...

Meet the Mastermind behind Nigerian Startups ShapShap and The CANs Park – Khalil Halilu

October 28, 2022

October 28, 2022

Living in a technologically fast-paced world propels us to utilize our skill set and expertise to the fullest. Taking notes...

How Content Creator John Holowaty Chose Simplicity as a Pathway to Success

December 1, 2022

December 1, 2022

Have you ever dreamt of success? What is stopping you from making it a reality? John Holowaty believes achieving success...

How Content Creator and Realtor Jorge V. Gonzalez Is Inspiring People to Answer Their Life’s Calling

March 19, 2022

March 19, 2022

You log on to YouTube and see dozens of videos to advise you about life, but how many of them...

Comments
Leave a Reply

Your email address will not be published. Required fields are marked *