Will global oil supply be at risk if Iran and Israel pull the Middle East into war? 
Nigerians throw naira notes around to show love: but it could land you in jail 
‘They don’t have enough’ – schools in England are running food banks for families 
Japan Posts 7.7% Growth in Machinery Orders 
China’s new world order: looking for clues from Xi’s recent meetings with foreign leaders 
Rishi Sunak wants to cut the cost of ‘sicknote’ Britain 
The idea that US interest rates will stay higher for longer is probably wrong 
Speaking earlier this week, President Trump dropped a hint that more tax cuts in coming. According to him, his administration will be unveiling more tax cuts proposal sometime prior to November and it would be something very special. Though the President didn’t unveil the details of the next tax cut after he signed tax cuts of around $1.5 trillion last December, he said that he would meet with Republican Representative Kevin Brady, chairman of the tax-writing House Ways and Means Committee, about the proposal.
The speculation over these new tax cut proposals is likely to keep S&P 500 supported, which in turn would provide support to global indices. Yesterday, the stock market was selling off all around the world. India’s Nifty was down more than 1 percent, so was Japanese Nikkei and some of the key European benchmarks were down more than 1.5 percent but that all changed after U.S. open, where S&P500 recovered and pulled up the global indices from their lows. S&P 500 is currently trading at 2728.
