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The UK budget is still being announced by the Chancellor and already we have had some important news. The rate on employer national insurance payments, but with an exemption for small businesses. The rate at which this comes into force has been cut in half and that is a surprisingly large change. The rate of capital gains taxes have been increased too, but perhaps not by as much as had been feared. There are other changes still to be announced this afternoon and if they are more impactful, then another update will follow. Meantime, the immediate take-away from this is not exactly positive it seems for the UK equity market. The FTSE 100 is currently trading at 8,155
An earlier update here this afternoon warned readers there will be plenty more price swings to come in Bitcoin ahead of the US presidential election...
In something of a correction and amendment to the update on the S+P 500 a short while ago, it is important to note; that Amazon is actually a Dow...
Yesterday the Nasdaq 100 was the worst performing major US stock market index. As reported here earlier, the Index shed 2.44% when it closed at 19,890...
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