BLOOMBERG Bloomberg Markets Americas January 11, 2018
Three major averages are higher and not only that, they are at records on a closing basis. Also a broadbased rally despite being relatively modest. Industry groups within the s p are higher and the bestperforming group is energy. Oil trading at a threeyear high in new york, wti that is. As we see the dollar pullback to some extent, part of that dollar weakness has to do with euro strength. Part of it has to do with Producer Prices missing estimates so after that, we saw the dollar extend its losses. A combination of stockpile data as well as that weakness in the dollar helping combine to boost...
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