Shelling out of southern lebanon, which implies that hezbollah has acted as well. Is iran a part of this attack . Ian the United States government says that there is no evidence as of now that the iranians were behind the attack. Lets be clear, they are not nice people as a government. The iranian Supreme Leader and president for throated lee supported the hamas attacks, have provided not just diplomatic cover but also weapons and Financial Support to hamas directly over the years. I would be very surprised if they were unaware of the attack, but there is a big gap between unaware and orchestrated. I will tell you, life has been going reasonably well for the iranians as of late. Remember, the chinese facilitated diplomatic engagement, breakthrough between iran and saudi arabia in the past months. You will also know the Biden Administration came to an agreement to get five american citizens held hostage by iran back to the United States, and was planning to provide 6 billion of iranian
Christmas. You can see we are set up for a lower open generally speaking on the major averages, s p showing a little more signs of life. European markets, most have been closed for the Christmas Holiday or boxing day as well. So not much to speak of there. Lets get to our own 10year note yield though as we take a look where we stand right now. 2. 483. Crude oil, wti up a few cents and just out the latest shill erin dex shows home prices up 6. 2 in october. That of course year over year from last year lets get to our road map this morning. It does start with apple largest market cap out there, shrinking in the premarket on some reports about next years iphone sales, were going to fill you in. Will this years rally continue as we close out 2017. Finally a retail rebound, how the struggling sector is faring so far this Holiday Season as you may know not too bad. Lets start with apple shares, they are under pressure in the premarket. Reports of sales of the new iphone 10 are slowing accord
The european equities failing to. Arry on that rally you are seeing france down 6 10 of a percent and the dax in germany down 6 10 of a percent. The ftse 100 down 7 10 of a percent. You are seeing some broadbased losses, but also if you look across the Industry Groups, most Industry Groups losing on the stoxx 600. The biggest losses coming from carmakers and household good companies. You are seeing Dollar Strength with a little bit of a bounce back from that threeyear low. Cable on the back foot at 1. 3992. Euro strength against the pound is what we are seeing, but a bit of Euro Weakness against the dollar. Look at what is happening in fixed income and you can see yields moving higher in the core and the periphery. The 10year bund yield up. Yields moving higher. Also, oil moving higher. Wti above 62 a barrel. Some of that might have been down to the dollar weakness. Lets check in the bloomberg first word news. Jessica summers has more in new york. Jessica President Trump is open to imp
This is an easing cycle after record high borrowing, it attracted 20 billion of local currency debt. Tracy alloway and i got more on the chief economist. I was expecting a bigger cut, i know that seems like a lot in the context of emerging markets. Remember, rates were raised 700 basis points from the time of the devaluation up until last week. This is the first step of a very long journey to go. To be perfectly honest, i dont look too deeply into the Monetary Policy statements out of the central bank of egypt these days. When it comes to insight that it can provide on the future course of policy, i found them somewhat lacking. Tracy you are phrasing every diplomatically. I am trying to be diplomatic. From my perspective, it is a big cut, it is encouraging, it shows there is confidence. Remember, 100 points is only half of the surprise hike we saw in july of 2017 when they raise they raised rates 200 points when everyone thought the hike tightening cycle was over. We have a long way to
The first since the nation floated its currency at the end of 2016. It was a widely anticipated easing cycle after record high borrowing. It attracted 20 billion of local currency debt. Tracy alloway and i got more on the chief economist. Jeanpaul i was expecting a bigger cut. I know that seems like a lot in the context of emerging markets. Remember, rates were raised 700 basis points from the time of the devaluation up until last week. This is the first step of a very long journey to go. To be perfectly honest, i dont look too deeply into the Monetary Policy statements out of the central bank of egypt these days. When it comes to insight that it can provide on the future course of policy, i found them somewhat lacking. Tracy you are phrasing every diplomatically. Jeanpaul i am trying to be diplomatic. From my perspective, it is a big cut, it is encouraging, it shows there is confidence. Remember, 100 points is only half of the surprise hike we saw in july of 2017 when they raised rate