Tuesday, September 19, 2017

Good morning-  Global equities are mixed to start the session. In the Europe, the Euro Stoxx 50 is down a point, FTSE up 27 points, and DAX down 22.5 points. Asian stocks are also mixed as the Nikkei is down 50 points and the Hang Seng is up 14. US equities are all higher this morning ahead of President Trump’s UN address regarding North Korea. The DOW is up 16 points, S&P up 1.75 points, and the NASDAQ is up 6 points. The yield on the US 10 yr is up 0.5-1bps to 2.215% as the Bloomberg Barclays IG index continues to tighten. Moreover, oil is now above $50/bbl. Today we’re expected to see housing data and building permits.