Morning 10-17

A bit later Then Normal

 Brexit Deal between U.K. and EU has been reached but not voted on by UK parliament and Northern Ireland. The GBP has been whipped sawed higher then lower on the conflicting Headlines .A handful of tweets/headlines from ITC markets:

-@JamesCrisp6 (~10:29 BST): Looks like the Brexit deal has been done

-@tconnellyRTE (~10:29 BST): A deal has been done

-@JamesERothwell (10:34 BST): Word from Brussels is a deal is ON and DUP on board

-@nickeardleybbc (10:40 BST): DUP MP saying no change in their position yet… all eyes on @DUPleader

-@PolhomeEditor (10:40 BST): Hold up. DUP say their statement from this morning (that “gaps remain”) still stands!

-@carldinnen: DUP do NOT support the deal. The statement this morning remains  their position.

 Some Uplifting news from Europe:

Eurozone Construction Output Growth at 7-Month Low, GERMAN GOVERNMENT CUTS 2020 GDP GROWTH FORECAST TO 1.0% FROM 1.5% IN APRIL FORECAST

Earnings”

  • Morgan Stanley better then Consensus, +2%
  • Netflix   small beat Stock +7%
  • IBM bad again stock -3%
  • Union pacific Corp Suffered  steepest drop in carloads in 3 years  Stock -3%

Markets:

 API oil storage numbers showed a large increase of 10 mln Barrels is storage, Oil -, 6%. Spoos +7 handles, Dax giving back all her “Brexit Deal “ gains to trade down a bit, Bunds and Gilts the exact opposite chart down on  Brexit deal headline and then rally on  doubts that Northern Ireland ,DUP party will vote yes. Gold steady, natural gas Bid as Forecast for a cold start to November pushing prices higher.

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