Brexit Where we stand now, EU considering an Extension to Deadline possibly January 31st? Boris Johnson Wants A new round of Elections but he will need backing from opposition parties, Situation very fluid today .Gilt Yields -4 bps.
Texas instrument’s ugly earnings weighing on Chip sector as stock down ~8%, tech Sector in Europe -1.3%. Caterpillar Lowered forecasts for remainder of 2019 blamed economic Uncertainty.42 SPX companies report today, MSFT reports after close.
Oil trading lower after yesterday’s API report showed a larger than expected build in oil Stocks, CL -.9% Brent -.8%
Rumor that China wants to replace Carrie Lam.
Markets trading a bit “risk Off “ but no catalysts to be found to move markets much. Maybe that Changes tomorrow, as we will see European PMIs and ECB meeting ,U.S. Economic calendar very light this week and Fed speakers in Blackout period ahead of next week’s meeting leave little outside trump tweets or Brexit comments to move markets. 93% chance of Fed rate cut next week leaves little hope for a surprise.
