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Reliance Trading Co. Limited – Global Markets Recover as U.S. Investors Await Fiscal Measures

Written by Customer Service on . Posted in Public Companies.

For about 2 months of negativity, Global market is now showing a positive sign this Tuesday morning as a financial stimulus measures is back up by U.S. President Donald Trump himself – which may include the idea of a payroll tax cut.

President Trump in an interview said that he, the Senate and Congress will discuss a possible tax cuts so to help hourly wage employees who have possibly missed getting their paychecks because of the corona virus fears.

“We are to be meeting with House Republicans, Mitch McConnell, and discussing a possible payroll tax cut or relief, substantial relief, very substantial relief,” and adding about helping hourly wage earners, “so they can be in a position where they’re not going to miss a paycheck,” U.S. President said.

Asked if what is the government doing about the underlying health issues concerning his people, President Trump said, “We are going to take care of and have been taking care of the American public and the American economy,” and added, “This was something that we were thrown into and we’re going to handle it and we have been handling it very well.”

Even signing an $8.3 billion spending bill to support officials and researchers to fight this corona virus scare, experts including those who are in the administration are indecisive if targeted measures would be a great idea than cutting payroll tax which by the way will only help the working community, because even wage earners receive more income but they just go and stay at home and not spend those additional income to restaurants, movies and so on that may have a bad effect to the economy too.

Conclusion: Market all over the world showing signs of improvement is a clear sign that we are ready to get back on track. Mentioning some, like the European Economy is displaying progress as well, led by CAC 40 by gaining 2%. Asian Markets are also up this day, notably seen is Shanghai Composite which lead the market by 2% gain. Japan just discloses another billion dollar package to help ease their struggling economy. U.S. indexes on the other hand are looking more progressive as its gains 3% out of that 7% loss from yesterday.

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