Whats leading the day are commodity related shares. Crude oil rebound, material stocks being led higher by c. F. Industries, which got positive commentary. All that is helping sustain some of the gains were seeing in stocks. But to the point that scarlet was making about the tight trading range today. This is the range today, just over five points, 5. 29, to be exact, the tightest trading range weve seen all year. The average is about 13 points to give you perspective here. Indeed its a quiet day, especially given a very tightrange day especially given the fact we have the jobs report. Its also reflected in the volatility index. You see the runup that we had and the collapse essentially in the vix. We keep getting awfully close to that, 10. 5 is where the vix is today. I mentioned materials, two of the other materials stocks doing well today are dow and dupont because they have yet another step toward their deal being completed. A Brazilian Competition Authority has recommended approva
Whats leading the day are commodity related shares. Crude oil rebound, material stocks being led higher by c. F. Industries, which got positive commentary. All that is helping sustain some of the gains were seeing in stocks. But to the point that scarlet was making about the tight trading range today. This is the range today, just over five points, 5. 29, to be exact, the tightest trading range weve seen all year. The average is about 13 points to give you perspective here. Indeed its a quiet day, especially given a very tightrange day especially given the fact we have the jobs report. Its also reflected in the volatility index. You see the runup that we had and the collapse essentially in the vix. We keep getting awfully close to that, 10. 5 is where the vix is today. I mentioned materials, two of the other materials stocks doing well today are dow and dupont because they have yet another step toward their deal being completed. A Brazilian Competition Authority has recommended approva
Whats leading the day are commodity related shares. Crude oil rebound, material stocks being led higher by c. F. Industries, which got positive commentary. All that is helping sustain some of the gains were seeing in stocks. But to the point that scarlet was making about the tight trading range today. This is the range today, just over five points, 5. 29, to be exact, the tightest trading range weve seen all year. The average is about 13 points to give you perspective here. Indeed its a quiet day, especially given a very tightrange day especially given the fact we have the jobs report. Its also reflected in the volatility index. You see the runup that we had and the collapse essentially in the vix. We keep getting awfully close to that, 10. 5 is where the vix is today. I mentioned materials, two of the other materials stocks doing well today are dow and dupont because they have yet another step toward their deal being completed. A Brazilian Competition Authority has recommended approva
Agreement to cut Oil Production and russia will not attend the meeting. Saudi officials uploaded the idea of not reaching an agreement at all. Iran says they will produce more, while the iraq minister says hes optimistic. Bearish on bonds. The trump dollar rally is stirring up emergingmarket bearers. The most irish the most bearish for the year, caused by the collapse in Commodity Prices in china. Donald trump announced just this morning he will nominate congressman tom price for health and Human Services secretary, this has retired David Petraeus is considered for secretary of state amid open infighting among who to pick for the posts. That is what you need to know. Will kennedy, managing editor for middle east and africa, coverage of energy, joins us from london. At this hour, what do we know . We know that less than 24 hours from the meeting, there are still significant disagreements among opec leading members. Saudi arabia is insisting iran raise the structure and iran [indiscernib
Surprises. Thats how we started with jpmorgan. Premarket, futures, where are we . Points. Res now up 99 the big story in the last 20 minutes, a bit from jpmorgan, and upside surprise. That upside surprises what takes is higher come up by 2. 73 in the premarket. Couple of fx to a pairs for you. Some dollar strengthened the g 10 today. 13 . At wti, the output freeze meeting in the rumor mill and the rumor mill is in full swing. Crime organized profiteers have raided the offices of the Panama Papers law firm. The rainfall is the leak of millions of documents on tax havens set up for wealthy international clients. The attorney general searched other subsidiaries of the firm in panama and the firm has denied any wrongdoing. Some 3500 candidates mine for he 250 parliamentary seats assad said he and his wife cast their votes in the Assad Library in damascus. Vice president is drawing up plans to form a Transitional Government in brazil as dilma allegationsrpens that he is the leader of a coup