Reuters

Frontrunning: November 2

  • What We Know About the GOP Tax Bill Ahead of Today’s Rollout (BBG)
  • How the GOP Tax Plan Would Affect Trump, Clinton Voters Differently (WSJ)
  • Powell for Federal Reserve chair could support stocks bull market (Reuters)
  • The New Fed Chair Will Watch an Economy Fraught With Risks (BBG)
  • Trump calls for death penalty for Uzbek man (Reuters)

Traders On Hold As "Super Thursday" Looms

Yesterday's brief dip in ES has been promptly bought with US equity futures fractionally lower, Asian shares inching higher on Thursday and Europe unchanged ahead of today's Super Thursday, where we get the Republican tax bill revealed shortly before noon, the BoE's rate hike announcement, and Trump appointing Jay Powell as the next Fed chair, as well as as earnings from companies including Apple and Starbucks.

Meet Monsanto's Other Herbicide Problem...

Regulators in several major soybean-growing states, including Arkansas, Missouri and Illinois, each say they received roughly four years’ worth of complaints...

Frontrunning: November 1

  • NYC truck attack: Investigators scour driver’s background (AP)
  • Release of House tax bill delayed until Thursday (Reuters)
  • U.S. pursues direct diplomacy with North Korea despite Trump rejection (Reuters)
  • GOP Braces for ‘All Hell’ to Break Loose Over Tax Bill (BBG)
  • Former Trump adviser’s guilty plea could rattle White House (AP)

World Stocks Soar To New Record Highs As Oil, Metals Surge Ahead Of The Fed

US equity futures have hit a new all time high, helped by surging Asian and European stocks which have all started November on a euphoric note. Surging commodity prices, optimism about tax reform and hope for a new dovish Fed chair all combined to drive global stock markets to record highs on Wednesday.

GoldCore's picture

The UK economy is facing an unprecedented slow recovery, with growing levels of debt across the country and an ever-complicated divorce from the EU. The outlook for savers and investors is bleak as few have confidence left in the health of British finances.