Latest Breaking News On - Tom driscoll - Page 1 : comparemela.com
inventories, a much bigger drawdown. a drawdown of 5.9 million barrels, compared to the survey calling for a drawdown of -3.1 million barrels. what s happening now, hurricane harvey, of course, took refineries off-line. that, of course, caused oil to be in less demand building. we are seeing a bigger build than expected. gasoline not produced through the refineries. a bigger drawdown. he would not be surprised by this report because he thinks some of the economists surveyed probably did not have the u.s. s exporting activities influenced. we did not the ports were closed, so we were not able to export or import oil. take a look at the intraday chart of oil, not that much of a reaction, about 0.5% on this report, first down day in five days. has had a pretty big rally recently. today, taking a bit of a breather. sometimes it takes a while for the reaction to come in. let s take a look at the major averages, slipping between small gains and flipping between small gains and
MiamiFloridaUnited-statesNew-yorkGeorgiaJapanAfghanistanHong-kongTexasWashingtonChinaWhitehouse fluctuating between small gains and losses. investors uncertain about what is next. so much to deal with whether it is geopolitical tension, hurricanes or d.c. a bit edgy on the week. the three major averages are on .ace, but weekly losses pa bigger moves are happening when we go across asset classes. the 10 year yield down six basis points. haven bonds are rallying. pretty extraordinary. two months ago, we had the 10 year yield at 2.4%, now closer to 2%. tripping what we have seen out of the election when rates initially backed up, shot higher, now returning. the bloomberg dollar index down six days in a row. the lowest level since 2015, down about 10% on the year. the dollar index on pace for its worst year since 2003. all of this replacing the somewhat obvious dovish commentary from mario draghi, dragging the dollar. both of these asset classes dragging on the banks. look at the regional banks, down 3% come on pace for the worst day since may. this is a concern to some s
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