Here is the capital beltway, upper northwest bc toward chevy chase, Silver Spring, Friendship Heights this is where you look at some light snow. Langley park and college park looking at some snow showers at this time. We have a Winter Weather advisory set to go into effect at 1 00 that includes the district, arlington, alexandria, frederick, howard, prince georges county, and anne arundel county. Nothing toward the south and west. This is a northeast storm. Look for the heavier snow amounts north and east of the baltimore area. That is where they are looking at the potential for more significant accumulations. The snow threat this afternoon for the immediate metro area, we will call for a dusting on grassy areas from 2122 inches. From one to two inches of snow. Belle haven country club, a few snow showers beginning to pop at this hour. The temperature is 31 degrees. Cold enough for temperatures to stick. Roads that have not been treated, your back torch, your steps, if you cease networ
Highs today into the upper 80s. Above average. Lots of sunshine. The key here is low humidity. Metro riders, everything is running on schedule this morning. We had an earlier issue last night with single tracking on the redline. Thats been resolved so youre good to go there. Around the capital beltway still fairly quiet. Its been that way all day. I dont think we can complain about it. On the inner and outer loop no issues. 295 and 395 free and clear of any problems. Traveling north and southbound on the bw parkway as well as 95, everything is free and clear. From frederick toward the capital beltway, youre looking at a smooth and uneventful commute. Another update in ten minutes. Over you to. Over to you. Chinas main market plunged for a fourth straight day one day after stocks suffered the biggest tumble in eight years. The massive selloff was triggered by fears of an economic slowdown in the country. The turbulence in asia has sent Financial Markets around the world into a tailspin.
The s p up by 3 and nasdaq up by 15 this comes after all the markets looks looked very strong yesterday. The dow was up by 260 points s p was up by 26 it was a record close for the s p 500 and thats its first since august 7th the dow closed at a onemonth high take a look at whats been happening in europe this morning. The gains we saw yesterday as concerns about irma faded a bit and, again, some concerns about north korea not quite as potent as they had been as we headed into the weekend this morning, it looks like a bit of a mixed picture in europe most of the major bourses are higher with the dax up by. 5 and a similar gain in france the ftse is down by about. 2 . Lets flip the charts and see what happens overnight in asia youll see when it comes to asia, there were some closes actually, lets go excavate to the currency check it looks like the dollar is down a little bit against the euro today. Below 120 for the first time if in several days. 1. 196. Dollar is up against the yen, 109
Back of this. They decided not to go with the hawks. Hes always been on the precipice, he decided to stay with the pack. Despite that, because of the fact we have a majority talking about stimulus over the next few months, a reduction of stimulus over the next few months, sterling is big. It has been reasonably well bit coming into today. Not news that the bank of england is saying that the market is underpricing the future Interest Rate rises. Once again, reiterating that line. Why do you think that is . Will the bank of england followthrough on the kinds of things its talking about now in a few months . Guy everyone i talked to says rates are rational right now. We have an 80 probability that the bank of england will deliver a hike in february. 50 in november. The bank will execute on a hike fairly soon. Everyone says that kind of makes sense, but then you have a whole conversation about why its never going to happen and the bank of england is not going to be in any hurry within the
Lets look where european equities are trading. Just under 30 minutes to the close of equity trading. This is the stoxx 600 and different industry groups. We are off by 1 10 of a percent. Mixed picture Energy Stocks outperforming. We are seeing a spike in wti and. Rent Consumer Staples underperforming down. 8 . Financials also lower, perhaps some of the low yields in the core tech stocks also not doing too well. It is the commodities outperforming. Commodity stock, energy stock, and commodity producers within the materials. The ftse 100, a little weaker,. 1 . Have been seeing cable spiking, i have a chart later showing the correlation between the ftse 100 and the pound, the ftse 100 falling below the 200 Day Moving Average for the First Time Since the brexit vote. It is still below the 200 Day Moving Average. It hasnt managed to break above it yet. Volatility on the ftse 100, volatility wages, we are looking at implied volatility, have been climbing relative to the euro st ocks. If we l