A senior White House economic adviser and a former administration official said President TRUMP is seeking new policy pledges ahead of the midterms that could include calling on Congress to cut the capital gains tax and creating an exclusion for certain home sales. HASSETT said TRUMP wants additional incentives to secure voter support in November. Former NEC director Larry Kudlow, a TRUMP ally, said he recently discussed indexing capital gains to inflation so gains would be taxed after inflation

2026-08-12

A senior White House economic adviser and a former administration official said President TRUMP is seeking new policy pledges ahead of the midterms that could include calling on Congress to cut the capital gains tax and creating an exclusion for certain home sales. HASSETT said TRUMP wants additional incentives to secure voter support in November. Former NEC director Larry Kudlow, a TRUMP ally, said he recently discussed indexing capital gains to inflation so gains would be taxed after inflation adjustment, and proposed exempting home sales of $2 million or less from capital gains tax, adding TRUMP is "very interested".

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2026-08-11

Reserve Bank of Australia is expected to hold the official cash rate at its policy decision due 12:30 Beijing time; Governor Michele Bullock is likely to signal that further rate increases remain possible. The RBA will welcome recent signs of cooling inflation but say the fight against price pressures is not won and express concern about the pace of house-price declines. Officials are also likely to warn the Middle East conflict could become a source of another supply shock.

2026-08-11

Hong Kong's HSI opened up 61.1 points (+0.24%) at 25,998.59 on Aug 11 (Tue). The Hang Seng Tech Index opened up 13.35 points (+0.27%) at 4,932.81. The H‑share index (HSCEI) opened up 32.22 points (+0.37%) at 8,654.06. The Red Chip Index opened up 9.4 points (+0.23%) at 4,152.25.