More coming up with stefano pe ssina. A mixed bag when it comes to equities yesterday. Weighing the culmination of the two date fed meeting. Currencies rising against the dollar. Strategists are revising their estimate for the pound after last week. The boe signaling it would withdraw stimulus after the 3 increase on thursday. The sterling is the blue line here. The white line is the dollar. There is a gap between the two. Theirts have all revised evaluations since thursday. The market is now pricing in at pricing in a 61 chance rate hike in november. Keep an eye on the forecasts. We are getting some data out of germany, Investor Confidence is rising which is a sign that concerns over the strengthening euro is dissipating somewhat. The euro showing signs of stabilizing after climbing 14 against the dollar. Closelypolicymakers are Monitoring Exchange elements. The countrys economy is expected to continue with its strong expansion in the third quarter. The pickup in german Investor Confi
Positive as they await for more details of that Balance Sheet wind down. They have been flirting with losses at different points today. The dow is a little stronger here. Today, nore any gains matter how small, we could have new records for the major averages. Telecommute occasions are helping things. Telecom shares are the strongest. Sprint and tmobile are making a progress towards some sort of combination, but financials have also been consistently gaining as we see Interest Rates rise going into that fed meeting and announcement tomorrow. Over the past couple of meets weeks, the rate into the stocks are seeing some interesting moves. This is the two week 10 year yield at an 18 basis point klein. An incredible move as we go into this meeting of the fed. Financials have been strengthening as well at 4. 5 . We are also seeing some groups sensitive to the downside being hurt such as real estate stocks and utilities which was the Weakest Group today and yesterday. Interesting is that we