Morning Bid: Senate’s vote-a-rama continues
(Reuters) -The views expressed here are Dhara Ranninghe, Editor, Finance Markets, EMEA’s views.
All eyes continue to focus on Washington, the Senate Republicans have still been locked in a marathon session known as “voting-ram” for trying to pass a contentious tax reduction and expenditure invoice that can add trillions of dollars to the country’s high debt burden.
This did not help the dollar to the lowest levels against the Euro in almost four years, as the financial invoice protects its debt concerns and center for global investors.
Mike Dolan enjoyes the time it deserves for the next two weeks, but the Reuters Markets team is here to provide all the information you need to start your day.
Today’s Sunday minute
* US Senate Republicans were still trying to cross the comprehensive tax segment of President Donald Trump, and despite the sections within the party, they were trying to pass early on Tuesday morning with a $ 3.3 trillion -dollar shot into the country’s debt.
* President Trump suggested that on Tuesday, Tesla (TSLA.O) of the Government Productivity Department (TSLA.O) should take a look at the subsidies of the new tab CEO Elon Musk to save money.
* President Trump, Treasury Secretary Scott Bessent, despite the negotiations of goodwill, as the deadline approached on July 9, warned that countries can be informed of higher tariffs.
* CEO of Eurizon SLJ Asset Management and Co-Cao, Stephen Jen, called “Trump Put” called “Trump Put”, but perhaps more attention to the effective “treasury put”.
* ROI columnist Gavin Maguire, US energy sector emissions are already at the highest levels in three years. However, they will rise further in the coming months.
Rama vote still continues
Senators, Republicans and minority democrats voted in a marathon session, which includes a series of changes, and some of the Republicans use the Senate rules that normally require 60 of the room to agree on the legislation.
It is not clear how long the vote will take on Monday.
What is interesting is how financial markets react to the developments on the hill.
As mentioned above, the latest symptoms of the US policy uncertainty and concerns about continuous rising deficits give weight over the dollar.
Now look at the bond markets that are quite silent in the face of financial concerns.
