Taxing times for the USA - ANZ

Analysts at ANZ noted the difficulties ahead for US Congress.

Key Quotes:

"Trump’s tax plan is out but is lacking details, so markets do not have a lot to go on. 

But the key question is how do you fund an additional $1.5 trillion over a decade without materially increasing the deficit and national debt? That alone sets up a huge battle in Congress."

Initial jobless claims data reviewed - Nomura

Analysts at Nomura reviewed the Initial jobless claims data. Key Quotes: "Initial jobless claims increased 12k to 272k for the week ending 23 Septem
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Japan Retail Trade (YoY) below expectations (2.6%) in August: Actual (1.7%)

Japan Retail Trade (YoY) below expectations (2.6%) in August: Actual (1.7%)
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