Rates. With the tax announcement and the new fed chair news, investors anticipating a bumpy ride. What is priced in and ahead of super thursday. The nikkei in the driving seat. High whilea 99week nickel propels the metal markets. With nickel back, the real news coming from the copper market. Lets talk about where we are and where we are going. Futures are pricing in a strong start relative to where we have been for european equities this morning. The fair value calculations on your bloomberg look like this. Stocks 50 up by around. 6 . London to open higher, as is paris. Germany is playing catchup. The dax looks to open up a whole percent up this morning. Watch the telecoms story and the stocks will be opening stronger. A solid performance coming through from the asian markets. Lets show you what the gmm looks like this morning. Is new zealand story interesting. The new Zealand Dollar propels higher this morning, driving the market down. But the nikkei is the strong story. Japanese equi
Of squawk alley. Good morning. Its 8 00 a. M. In san francisco, 11 00 a. M. On new york city, and squawk alley is live. Im listening to the kind of music she doesnt like neath shell never know your story like i do she wear short skirts i wear tshirts shes cheer captain im on the bleachers dreaming about the day that you wake up and find out what youre looking for has been here good morning. Jon fortt has the morning off. All hitting record highs this morning again as investors shake off the unexpected Election Results out of the uk antined uncertainty in washington. Were watching the vix hitting a 23year low. For David Rosenberg chief economist, david, are you surprised at the markets constant ability, especially this week, to brush off some big political shock, from comey to may, and reach report heights yet again . I think that the market is certainly heading into really expensive terrain, almost pressing against a 19 forward multiple. But remember what bob farrell told you and the t
Illegal moves as he is forced out of another top position. It is 12 00 p. M. In hong kong and 4 30 a. M. In london, i am angie lau. I am in riyadh in saudi arabia, it is 7 00 a. M. This is day two, lets talk about the middle east closing. Closing. 9 . Equity markets just a little lower. Up by an eighth in dubai. We dropped by 4 yesterday morning, all on the back. That looks as though it has been denied. A 13 day winning streak, that is off the agenda. Market,. 5 . The currency strengthens at 15. 8 against the dollar. Those are your closes, angie. I think the day will be important in how we open up because you have that nice oil price up by 6 . All hands on deck. We are going around the opec countries. Russians are having conversations with opec. Deck, they hands on are set to talk in london. To get a deal for the 30th of this month. But look at the market positioning. The short positions are rising, 2012. They are roaring higher. The net positions have dropped by 23 . The biggest slump
Right after the open. As for the action in europe, taking its cues from the United States. Well see a big rally in china extending one of its biggest rallies in three years. We have a mixed bag in europe with italy up by about. 2 of 1 . Well do our best to keep focused on the business day. Well be following the tragic shooting in connecticut, of course. The New York Stock Exchange will hold a moment of silence to honor the victims in the next few moments, and well be looking at the president s call for meaningful action and the politics of gun control. Lets get to a road map for this morning. It starts with apple. Under pressure once again. Even dipping below 500 a share at some point this morning. Shares will remain range bound near term. Iphone 5 sales and cannibalization among the region. Other concessions from the gop, the speaker proposing tax hikes for millionaires. Could this be the tipping point. Moving the talks beyond deadlock. A big week for earnings. Yes, earnings. Fedex, r
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