Archive for December 19th, 2017

Deeper Analysis

An Improved U.S. Balance of Payments

December 19, 2017

The U.S. current account deficit in the third quarter of 2017 of $100.6 billion was 20% smaller than in the second quarter. The current account comprises net trade in goods (or merchandise) and services, plus net investment income and net transfer payments in and out of the country. The current account is an important measure, […] More

New Overnight Developments Abroad - Daily Update

Market Eyes U.S. Tax Bill

December 19, 2017

President Trump’s signing of a broad tax bill appears fairly imminent. The House of Representatives will vote on the bill today; passage is assured. A senate partisan vote, where Republicans hold a narrower majority, could occur late today and most likely no later than Wednesday. Equities in Asia mostly advanced overnight after a strong U.S. […] More