Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
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.
