Source: WSJ The United States is set to slap billionaires’ unrealized capital gains with new annual taxes, according to senior Democrats. House Speaker Nancy Pelosi said the US would “probably” have a wealth tax, noting that the proposal is not technically a wealth tax but similar.The proposal would implement an annual tax on unrealized capital gains on billionaires’ … [Read more...] about Democrats Optimistic to Impose Taxes on Billionaire’s Unrealized Capital Gains
Forex News
German Business Climate Sinks to Six-Month Low
Source: IFO German business climate fell to a six-month low in October, dragged by the ongoing supply bottlenecks that continue to hit production. EWG is down 0.21%. The Business Climate Index fell to 97.7, down from 98.9 in September but higher than the 92.2 recorded the same month last year.The latest reading is the lowest in six months since the index stood at 96.5 in … [Read more...] about German Business Climate Sinks to Six-Month Low
Lira Drops 2.5% To Record Lows Over Erdogan’s Disagreement With Foreign Diplomats
Source: (Bloomberg) The Turkish lira fell by 2.5% on Monday for the third consecutive day following the latest diplomatic row between Erdogan’s administration with other foreign countries. USDTRY is up +1.63%. Turkish President Recep Tayyip Erdogan announced on Saturday that ambassadors from ten countries were unwelcomed following their criticism of the arrest of a … [Read more...] about Lira Drops 2.5% To Record Lows Over Erdogan’s Disagreement With Foreign Diplomats
US Private Sector Growth Climbs to Three-Month High
Source: IHS Markit The United States private sector expanded to a three-month high in October, but figures remain lower than the same period last year. PBUS is up 0.41%. The US Composite Output Index climbed to 57.3 in October, from 55.0 in September. This is the highest since July.The stronger growth was on the back of the services sector, which also expanded by the … [Read more...] about US Private Sector Growth Climbs to Three-Month High
German Private Sector Activity Slows to Eight-Month Low
Source: IHS Markit Business activity of the German private sector slowed to an eight-month low in October, as factory production was held back by input shortages and a decline in demand. EWG is up 0.82% The Flash Germany PMI Composite Output Index fell to 52.0 in October, the lowest in eight months after September’s 55.5.Services activity slipped to a six-month low of … [Read more...] about German Private Sector Activity Slows to Eight-Month Low
