Congress poised for a major test on tax legislation (news: 16/11/17)

Today's press

  • WASHINGTON (Reuters) – The Republican-controlled U.S. Congress was approaching a major test on Thursday of its ability to enact sweeping tax cuts, as lawmakers prepared for their first full-scale vote on tax legislation.

  • Investing.com – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, but remained in territory consistent with a strengthening labor market, official data showed on Thursday.

  • Investing.com – Manufacturing activity in the Philadelphia-region unexpectedly fell in November, striking a blow to optimism over the health of the economy, official data showed on Thursday.

  • Morgan Stanley chairman and CEO James Gorman has said that bitcoin is "punching above its weight," according to a news report.

  • Retail sales continued to grow in October according to the latest official data, easing some of the fears of a plunge in consumer spending.

Next trading day's important events

  • 11:30 (GMT+3) ECB President Draghi's Speech


Forex quotes:

  • USDJPY: 113.02
  • EURUSD: 1.1774


Indices:

  • S&P 500: 2564.62
  • NASDAQ: 6706.21

Source: Alpari

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