Post by Dave on Jun 18, 2020 2:32:36 GMT -8
Good morning. Today’s pre-market is a little green at +$0.18. Who knows what this day may hold?
Premarket: Apple is green
EU ready to go it alone on taxation of digital firms
Premarket: Apple is green
U.S. equity futures traded cautiously higher Thursday, while the dollar posted modest gains and bond yields fell, as investors retreated from risky markets amid data showing a worrying rise in coronavirus infections in key economies around the world.
Beijing’s recent spike in new coronavirus infections, the highest since February, has prompted the closure of local schools and the suspension of several flights in and out of China, while a meat processing facility in northern Germany was reported to have found nearly 400 cases of COVID-19 among its workforce over the past few weeks…
Still, with China claiming control of its recent outbreak, and central banks around the world continuing to pledge trillions in support of financial markets as the pandemic wanes, U.S. equity futures look to start the Thursday session modestly higher, with contracts tied to the Dow Jones Industrial Average indicating a 90 point opening bell gain.
My take: Mr. Premarket seems to calmed down.
Beijing’s recent spike in new coronavirus infections, the highest since February, has prompted the closure of local schools and the suspension of several flights in and out of China, while a meat processing facility in northern Germany was reported to have found nearly 400 cases of COVID-19 among its workforce over the past few weeks…
Still, with China claiming control of its recent outbreak, and central banks around the world continuing to pledge trillions in support of financial markets as the pandemic wanes, U.S. equity futures look to start the Thursday session modestly higher, with contracts tied to the Dow Jones Industrial Average indicating a 90 point opening bell gain.
My take: Mr. Premarket seems to calmed down.
EU ready to go it alone on taxation of digital firms
BRUSSELS, June 18 (Reuters) - The European Union is ready to go it alone with taxing digital services of firms like Google, Amazon, Facebook or Apple if there is no global deal on such a tax this year, European Economic Commissioner Paolo Gentiloni said on Thursday.
He was responding to the decision by the United States to pull out of negotiations on a global solution to taxing digital services on Wednesday.
"I very much regret the U.S.' move to put the brakes on international talks on taxation of the digital economy. I hope that this will be a temporary setback rather than a definitive stop," Gentiloni said.
"The European Commission wants a global solution to bring corporate taxation into the 21st century – and we believe the OECD’s two-pillar approach is the right one," he said.
"But if that proves impossible this year, we have been clear that we will come forward with a new proposal at EU level<' he said.
He was responding to the decision by the United States to pull out of negotiations on a global solution to taxing digital services on Wednesday.
"I very much regret the U.S.' move to put the brakes on international talks on taxation of the digital economy. I hope that this will be a temporary setback rather than a definitive stop," Gentiloni said.
"The European Commission wants a global solution to bring corporate taxation into the 21st century – and we believe the OECD’s two-pillar approach is the right one," he said.
"But if that proves impossible this year, we have been clear that we will come forward with a new proposal at EU level<' he said.