Anna good morning, everybody. Looks to you what has been happening in the Asian Session and what we expect for the session in europe and the u. S. Tax. E all about the stock futures and the dollar, the Market Reaction we are seeing broadly focusing on the tax. Not being distracted by trumps tweets and the activity over the weekend over the role of the fbi, Trump Administration, and ongoing investigations. That is not dominating the market news flow. What is dominating is the Senate Passing its tax legislation over the weekend. Futures demonstrating that. All of the major u. S. Indices higher on the trade today. The dollar index following with point 3 . We are seeing yen weakness, which is not helping. The yen weakness not helping. We see the asian equities session, in contrast to u. S. Futures, in limbo. There is a warning of frothy markets. Goldman sachs talking about valuations of prolonged bull market in stocks, bonds, and credit leaving measures of average valuation the highest sin
Probe makingrussia itself felt across the world. Have a look at gold. This is chart 6129. Fridayback into gold when the news came out that thatel flynn will testify President Donald Trump instructed him to reach out to the russians. We are under 30 minutes away from the open. Lets find out more from sophie. Could berustrating , today looking like. Afternoon,ndia this but looking at the moves in singapore, taipei, lets take a look at the open. A fairly mixed a session so far. For singapore, but some pressure for stocks. I want to show you this chart. This is one of the big moves so far this morning. Chart 6173, tax concerns outweighing the Michael Flynn drama. The 10 year treasury yield is climbing up of 2. 4 this morning. Even as the dollar is rising, we are seeing bearish dollar positions rising again despite the positive economic actual for the united states. Holding a the kospi threeday drop with the korean won under pressure. ,his is the yen is slipping 112. 78, and the aussie unde
Lets check the markets. The europe 600 on a tear. Higher because of expectations of tax reform in the u. S. And what that can do not only to the dollar but to the world economy. It could make the spirits of the u. S. Move up a touch. Lunch in brussels. Will they are will they not . To severalspeak groups interested in brexit. Lets get to the first world news. Sebastian in the u. S. A Senate Investigation of the russian meddling in the trump case a instruction of justice case is coming. This is from Dianne Feinstein after Michael Flynn pleaded guilty to line to the fbi. I think we are beginning to see the putting together of a case of objection the case of obstruction of justice. I think we see this in the indictment please that take place in some of the comments being a. I see it in the hyper frenetic attitude of the white house, the comments, the continual suites. U. S. House republicans are drafting a contempt of Congress Resolution against members of the fbi. They claim that the rem
Execute by, sell, and swap strategies. And check out what is coming down the pie. For twodoes it mean massive giants to have some which money . More and more market share in the hedge industry. Because they are number one in the industry, it is hard to find growth. All straight ahead on bloomberg best. Mike welcome. I am michael mckee. This is bloomberg best. High hopesgan with for brexit breakthrough, hoping that the u. K. Antie. U. Head made some headway. The dream was quickly dashed on monday. The expected breakthrough failing to materialize. Commissionn president john paul juncker. despite our best efforts and significant wereess, we and our teams not able to reach complete agreement today. This lunch started around 1 30 brussels time. Point,rstood that it one theresa may actually broke away from the lunch to call the leader of the Democratic Union that props up her government in london. Washis point in time, it mostly the issue of the irish border. That sort of put in end to any p
Buy, sell, and swap strategy. Check out what is coming down the pipe. What does it mean for two huge passive investment giants to have so much money . They have been gaining more and more market share in the hedge fund industry. Because they are number one in the industry, it is harder for them to find growth. Michael hello and welcome, i am michael mckee. This is bloomberg best. The week began with high hopes for brexit breakthrough, hoping following reports that the u. K. And it you had made some terms on their divorce agreement. The dream was quickly dashed on monday. Mark the expected breakthrough failed to materialize. Apparently delayed over the irish border. The European Commission president john paul juncker broke the news. Mr. Juncker despite our best efforts and significant progress, we and our teams were not able to reach complete agreement today. This lunch started around 1 30 brussels time. About four hours ago. We understood that it one point, theresa may actually broke a