Morning 1-6

New year, new theme, Gone for now is the worries about the trade war, which are replaced by the Geo political tensions with Iran. Markets and the World waiting for Iran’s response will it be a military target in Middle East or will it be Israel or here in the USA. Iraq  not Happy  with USA as her  Parliament voted to expel all Foreign troops from their Soil, this is non bidding but still makes a statement.

 Risk Off sentiment still prevailing in markets spoos -.6%,Nasdaq -.76%, Stoxx 50 -.8% ,Crude +.9% Brent +1.2% Gold the big winner +1.5% but surprisingly the other flight to safety assets Bonds and Yen little changed, something to take notice of.

Unemployment at end of week and non-manufacturing ISM  tomorrow  are the economic highlights this week,but today all eyes again on twitter and news wires as we  await the irain response and Trump rhetoric.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.