United States

November marks U.S. tax reform movement and global economic shifts

MONTHLY MARKET COMMENTARY  | 

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The U.S. Senate narrowly passed the proposed tax reform bill following the approval in the House last month. The two bills will go to committee to be reconciled before a final bill is proposed in both Chambers.

United Kingdom and European Union negotiators have reached a preliminary agreement on how much Britain will pay when it leaves the trading bloc. The deal still needs national government approval.

China reported that factory activity expanded at a quicker pace in November. Official purchasing managers’ index was reported at 51.8, beating expectations and October’s posting, which came in at 51.6.

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