Thursday, September 14, 2017

Good morning-  Global equities are mixed to start the session. Europe is mostly negative with the Euro Stoxx 50 down 8 points, FTSE down 58 points, and DAX down 35 points. In the Asian markets, the Nikkei is up 30 points while the Hang Seng is down 11. US equities are also mixed this morning after Trump and Democrats struck a Dreamers Deal. The DOW is up 2 points, S&P down 1.5 points, and the NASDAQ is down 7.75 points. The yield on the US 10 yr is up roughly 2bps to 2.206%. Yesterday saw $14bn of IG new issue price across 8 issuers which brings month-to-date volume to over $80bn. Once again, North Korea made it back into the headlines after it threatened to use nuclear weapons against Japan and turn the U.S. into “ashes and darkness” in response to the new United Nations sanctions passed earlier this week. With regards to economic data, we will see CPI numbers and weekly jobless claims.