Is that the great bill helping the middle class . Absolutely not. Dagen the house will vote on the bill later today, likely sending it to the president side or derisive procedurals not that his force the second vote. The snag over in the senate. Following the passage in the Senate Current futures are showing this happening in the markets. Slight pullback in the dow up 37 points. We are seeing possibly new alltime highs for all your major market gauges. Either way, you have highs on the transports earlier in the week. Literally every Single Market in the u. S. Has been moving in sync on the optimism from the tax reform package. Check in on england, france and germany, all the slave markets down two tenths of a percent. Asia overnight stocks mostly lower as well. The nikkei in japan up ever so slightly. I suspect in america the terror Group Warning of the new years eve attack as new York Governor Andrew Cuomo announces heightened security measures for the holidays. Uber dull people in eu
Reactions from what we saw from pyongyang. You, thest i can give equity market, the stoxx 600 was down earlier. Down by 4 10 of 1 . Assetst sets haven after the testing. North korea is continuing to prepare for a possible intercontinental listed Missile Launch, reddening to raise tensions further. The stock is down. A Good Opportunity to look at the fear gauge. Europes fear index. , now it is up a mere 7 . The 12 gained it was the highest since august 18. Last tuesday when north korea fired the missile over japan, higher index closed 9 after rising an intraday 15 . Trumps fire and fury comment in early august prompted it to rise to 19. 3 on august 11. That was the highest since april. We were nowhere to the levels we were in april before the French Election and the levels we reached before the u. S. Election last november. Those are the brexit levels we saw in june last year. That puts it in perspective. Europes fear gauge. Index, given what is happening with the north korea story. Thi
Status. Officials on both sides seem to be losing patience. The ball in greeces court but they want to throw it back at their creditors. No end to this debt debacle. Foreign currency volatility. A sudden spike in the euro. We are trading higher on zero point 3 . A similar dip in the dollar index. 0. 3 . In fact, the swings between the euro and the dollar between this hair is the high pair is the highest since 2011. Volatility is present. Bearish. Bets against the euro are pretty low. Many believe it will be done with greece. The market is positioning with a deal. The Hedge Fund Speculators have been cutting their bets the euro will fall. A little bit of an issue. The dollar will be moving today on the fact without Monetary Policy committee comments together, the Federal Reserve will start debating Monetary Policy in the u. S. Could there be any hit by jenny yellen will see rate rises later this year . Most bets on september. The bond market, a move to the haven into germany. Borrowing
Pressure on freight rates remains challenging. If the demand is over expectation, then you have a squeeze for a quarter, that will go away. Lets look at Telekom Deutsche telekom eking out a beat and telefonica benefiting from currency gains. All right. Good morning to you. We have a busy day ahead of us. Its the trifecta day for the b ofshgs boe today. The stoxx 600 is off by 0. 2 . Not doing much in early trade. A mixed session. This is after we saw a low volatility trade in the u. S. Session. Slight improvement in the asian trading session. By in large fairly uninspiring. Once again its all about corporate earnings. Lets check out deutsche post, they are trading lower after missing expectations. Rising only 1. H4 . The company warned the price environment remains challenging. The ceo said a rise in freight rates continues to prove a headache for the company. Revenue is very much strong, strongest Revenue Growth for a while. Which shows the economy is strong. We have challenges in one
Flat. The ftse is down by 0. 1 in italy. Crude was the big story yesterday. Wpi this morning is up once again by 1. 6 . Gain of 77 cents to 48. 10. This comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the United States. Now lets talk about todays corporate story. Shares of snap plunging after the Company Released its first report since going public. Snap missed on the top and bottom lines. The company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebooks insta fwram and tgram and the s feature. Heres what evan spiegel had to say about competition on that call. People will copy your product if you make great stuff. When google came along, everybody felt they need a search strategy. When facebook came along, everybody felt they needed a social strategy. With snap, we believe everybody will d