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
Tightening is set to hasten . While disney is said to be near a deal for a big chunk of the murdoch empire as comcast drops out of the race. How will sky shares react . Were less than half an hour away from the start of european trading. Taking a look at futures. We are looking at gains here in the ftse about a quarter of a percent. Much on the continent. It is the oil stocks that are going to be the interesting thing to watch. A big gain, highest level we have seen in 2. 5 years. You will want to watch the producers as well. Gain is due to the crack in the pipeline and the shutdown. Taking a look at treasuries, u. S. Treasuries, if you look at the Bigger Picture is not as interesting. They have not moved that much. 2. 38. We are stuck in a range but it does look like investors are buying treasuries today. They are doing the same with gilts and that could mean they might not be to have the cash to put to use of the equity markets. We will see in 28 minutes time. Anna lets have a look a
The russia 10year drops after they eased more than people expected and said there could be lower rates, more than people thought asked year. Of we are looking at the home, stock index, that is down 1. 5 . Volatility is the highest in the year. Of this stems from the idea that global banks are going to enter into a tightening cycle. The u. K. 10year is dropping by two basis points. The bank of england is probably not going to raise rates anytime soon, growth is not jumping off in any major way. The brexit negotiations are ongoing and complicated and possibly getting more complicated, if possible. Alix it was steady as she goes, not doing anything to ruffle feathers. Supportive of markets, if anything were to disrupt them, that could equal to a negative yield index. Alix lets talk about what its making headlines. This is emma chandra. Emma brexit talks can enter phase two here and they agreed that the british Prime Minister has complied with their divorce conditions. Now they will discus
Traders barely blink but on the underpricing the risk . A merrier christmas than expected. Beatlothing chains sales projections. Is the british consumer down but not out . Lets talk about these markets. Lets figure out we can expect here in europe. It was a solid story in the United States. Maybe we saw it started to be pricing in in europe. Looks like the dax is going to open reasonably positively. Ftse is going to have a fairly solid start as well. Indicates we could be out for 5 on the beginning of trading. The question is, will miss fed see lighter volumes today . It did become the story yesterday here in europe. Lets give you some details. The s p pushed on towards the back end the session yesterday. Yesterday in dollars trading down a little bit. Heres was happening in the commodities space. Some of the metals coming off. Oil remains a story at this time. Lets move you want to the next move. Gold is trading up around 3 10 of 1 . Copper is trading down a little bit. Copper is trad
The dollar is bouncing back. North Korean Missile test failed to materialize of the weekend but could a human vote on additional sanctions but could a u. N. Vote on additional ctions happen back of happen . Tune in to watch germany decides time 8 30 a. M. Dk u. K. Time. A half hour away from the cash open. We are pretty strong bent this morning, bouncing back into that north Korean Missile test coming through. You can see the mispricing here this morning. London up by around. 5 . You are good to see a decent bounce back in european equities this morning. That is what we are going to get in 25 minutes time. It will be interesting to see how we trade throughout the rest of the day. Got this vote coming up later on in the Security Council. Keep an eye on both of those events. A broader picture on this function. It will show you what is going on, this riskon sentiment. Australia trading up by. 7 over in asia. Youve got the swiss franc. Off. Switch that the dollar Index Trading up by. 2 . W