Investors looking for news on tax reforms

Stock market investors will likely take their cues this week from news about the government’s proposed Tax Reform for Acceleration and Inclusion (Train) Act, analysts said.

“The US Fed’s rate hike plan has been factored in and regional central banks are bound to follow suit. Given the expected return in equities, majority are bound to underscore the implementation of the tax reform plan to aid in boosting growth,” online brokerage firm 2TradeAsia said.