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Yes, prime minister. Australia vote strongly for samesex marriage. Theolm turnbull calls results overwhelming and unequivocal. Yvonne plenty of breaking news in the last couple minutes. Japan gdp missing estimates slightly. Withhite house coming out the statement endorsing the house version of this attack tax reform bill. Lots of questions about how they can iron out differences between what the senate once in the house. And of the senate wants, the house. It might be down to the Corporate Tax rate. Which is why the white house might be leaning toward the house version. They do this policy, stress it would cut the Corporate Tax rate to 20 . There had been discussion whether that would be higher. The white house leaning toward the Corporate Tax rate of 20 . We will see what happens thursday. At least one gop representative s ....
Rishaad oil prices down by 3 over the last three days. Big falls overnight are having repercussions, in particular for australian markets and the aussie dollar. It may be a bit of a brighter prospect if you are an oil bull in the future. It does suggest that if you look at 2021, prices are likely to be breaking to the upside. Deliveries in the near future having a higher price of those made later on. You could also argue that rising longterm prices show the market is going to the view that high prices are perhaps more sustainable. Again, the caveat is a longerterm. This is the outlook for prices for four years from now that should give greater encouragement to bulls of oil and commodity markets, generally speaking. Action in oil iea talking about the shale revolution, revising down shortterm demand prospects for 2018. In the near term, not a lot of positive catalysts to be found. Concerns over lack of progress on tax reform. Were looking ahead to u. S. Inflation numbers, with the index ....