Courtney reagan in for sara. Good morning. Happy to be here on this monday morning. Well kick things off and see what the futures are doing at this hour. A rollercoaster ride, particularly the last couple of days of trade all resting around what was happening in germany with Deutsche Bank. We ended friday up about 1 . But for the week as a whole, largely flat. And we are looking pretty flat this morning. The s p just below and the nasdaq slightly higher. It was all about the Deutsche Bank rally on friday that allowed 1 of gains. We mentioned the Fourth Quarter open for trading day. We could be in for a choppy octob october. Stocks have surged every year theres an Election Year since 1992. Well see if volatility picks up at the moment. Right now it is down with headlines around deutsche. No confirmation of what the doj found, but we have a long way to go. The tenyear treasury note saw sentiment improve and ticked back up from 1. 5 to 1. 6 where we are right now. Now well look at the glo
Crude Oil Prices Last week was a big mover for oil prices up by over 3. 50 by the end of the week. Wti up another 1 . Youre getting close to 49. Right now its at 48. 74. Here are the stories we are watching today, its a busy week for economic data. Today we have september isf manufacturing, august Construction Spending, september auto sales. And tomorrow we get the Paychex Small Business index. On wednesday we get the adp employment report as we always do and the ism services index. On thursday we get jobless claims, weekly jobless claims. And on friday we close out the week with the september jobs report again. Not again for september jobs report, but another well, again if you talk about last years fast and furious. It went quickly once again. Here we are counting down to the its the ultimate release before the election. Before the election. So is german unity it has to be east and west junety. I was thinking about it last night. I meant to look it up, but my guess it has to be the c
Job cuts at ing. The dutch lender plans to slash jobs, 13 of its workforce. Our low rates to blame . Pulling the brexit trigger. The pouncings as theresa may says she will invoke article 50 by the end of march next year. Caroline the pound trades lower on that news. U. K. Futures are in the green. Caution affecting european traders. Germany is closed. Everyone else is enjoying their holiday. Overall, the dax will be shot. Shut. Still some nervousness, some risk aversion out there, as we build up whether a deal will be struck by Deutsche Bank this week. Guy lots of pmi data out of europe this morning. 820 ofayed 20 attention. The british pound firmly in focus, dropping on the back of news we will get a trigger on article 50 before next month. We will hear from Philip Hammond hammond later on, chancellor of the exchequer. The bond market will probably respond to what happens with the data throughout the morning. Here is the bloomberg first word news with rosalind chin. Rosalind the pound
Had been a high, 50s on the side and the mountain. Bbckside. Sing in the 12 relative humidity. 13 down in pueblo. Fire weather warnings, until 7 00, denver to the eastern plains, sigrid thunderstorm watch in and nebraska a couple warnings in north platte, freeze warning for the High Mountain advance of the front starting to cut through the metro area scattered scattered rain and showers behind the front as it the the wind becomes gusty in the . Orthwest. Pretty good thunderheads. And jewels for park, this is the view in dia, dark clouds, strong winds, some mountain snow, fire danger will diminish later on tonights the winds and cooler temperatures mooe in. Down trump is in colorado today it started in pueblo and then in loveland a good meeting with voters to try and convince them to should choose must the the next precedent. It reports that the state tax returns from 95 he claims a loss he claims a loss of nearly 960 million in his personal income taxes. It may have a allowed trump to
Brexit. That came up to a 15, 16 month high. Coming to brexit, i just dont know if she has a plan. I think that is the confusion today. Emphasis appears to be on immigration. Represented in the market. Coming up we have several guest. Charles peabody managing director of compass. Is here to talk about systemic increase. Deutsche banks chief economist joins us to help make sense of store for a Europian Union minus one. Time, the market. Lets get the global score card up. Relatively flat in the united states. Percentage point. Today in losed frankfurt. 128. 78 down. Two opposing forces. Throughout the uk is positive. He politics thats whats weighing on sterling. The pound sliding after the pledged rime minister to start pulling the uk out of the Europian Union by march. Theres no such thing as a ifference between soft brexit and hard brexit. Hard brexit is a conscious reject trade is a false dichotomy. Whether people like it or not, the country voted to leave the and that means we are go