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EUR 9.24
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http://track.com/articles/the-morning-track-happy-holidays/
Not a creature was stirring in the overnight session in markets – but the headlines keep generating and not all of it is fake-new or post-truth data. A Libyan plane with 118 passengers lands in Malta with 2 hijackers on board, the Berlin Truck suspect was shot in Milan, Deutsche Bank ($7.2bn) and Credit Suisse ($5.3bn) have settled with the US DOJ, Monte dei Paschi looks certain to be rescued by the Italian Government (E20bn), its shares are frozen, bonds collapsed, while all of Europe, still including the UK, closes early today while Japan was shut for the Emperor’s Birthday – leaving hopes for a change all up to the US markets to make any splash ahead of Christmas. There is November new home sales data, the University of Michigan December consumer sentiment data and an early bond market close. But equities stay for the bitter end until 4pm ET. This is the DJIA20K Santa express. The main story for markets today is getting home safely between holiday revelers rather
than worrying about a bigger move – that leaves us all watching the USD for clues about any real correction risks for 2017.
The markets are in full Holiday mode and will be until January 3. The Track Daily reports will end the year here and will return then. Interim pieces will be available on the website. My heartfelt thanks to all of you that have made this 6 year journey so meaningful and at times even fun. There are some changes ahead, some good, some bad. The regulation in Europe for research means I will only be able to send this piece to those that are paying for it or are signed up for a trial. The ability for Track to continue rests on you the readers and if you enjoy this piece and want to keep getting it in 2017, let us know, subscribe and tell us about others that might do the same - we need support to survive the year ahead.
The Morning Track happy-holidays
- The Morning Track – Happy Holidays by Bob Savagehttp://track.com/articles/the-morning-track-happy-holidays/
Not a creature was stirring in the overnight session in markets – but the headlines keep generating and not all of it is fake-new or post-truth data. A Libyan plane with 118 passengers lands in Malta with 2 hijackers on board, the Berlin Truck suspect was shot in Milan, Deutsche Bank ($7.2bn) and Credit Suisse ($5.3bn) have settled with the US DOJ, Monte dei Paschi looks certain to be rescued by the Italian Government (E20bn), its shares are frozen, bonds collapsed, while all of Europe, still including the UK, closes early today while Japan was shut for the Emperor’s Birthday – leaving hopes for a change all up to the US markets to make any splash ahead of Christmas. There is November new home sales data, the University of Michigan December consumer sentiment data and an early bond market close. But equities stay for the bitter end until 4pm ET. This is the DJIA20K Santa express. The main story for markets today is getting home safely between holiday revelers rather
than worrying about a bigger move – that leaves us all watching the USD for clues about any real correction risks for 2017.
The markets are in full Holiday mode and will be until January 3. The Track Daily reports will end the year here and will return then. Interim pieces will be available on the website. My heartfelt thanks to all of you that have made this 6 year journey so meaningful and at times even fun. There are some changes ahead, some good, some bad. The regulation in Europe for research means I will only be able to send this piece to those that are paying for it or are signed up for a trial. The ability for Track to continue rests on you the readers and if you enjoy this piece and want to keep getting it in 2017, let us know, subscribe and tell us about others that might do the same - we need support to survive the year ahead.
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Robert Savage
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