US Shares Remain At Maximums, Greenback And Euro Follow Pound

Market Reviews

US equities keep improving. DOW rose 331.67 points (1.39%) and settled at 24272.35. S&P 500 increased 21.51 points (0.82%) and closed at 2647.58. NASDAQ lifted 49.58 points (0.73%). 10 year yield grew 0.041 to close at 2.417. Pound is the firmest currency. It’s boosted by the settlements of Brexit divorce bill and Irish border. Greenback and Euro follow the Sterling. Loonie is the softest.

The Senate didn't vote on the tax bill yesterday, despite all anticipations. Some Republicans express their concerns about the plan, some support it. Next week, any relevant developments will move the market. Angela Merkel, SPD head Martin Schulz and President Frank-Walter Steinmeier had a meeting and discussed a Grand coalition creation. The negotiation is expected to take a few weeks, until the consensus is reached.

China Caixin PMI manufacturing reduced from 51.0 to the 5-month minimum of 50.8 in November. Japan national Consumer Price Index increased to 0.8% yoy in October, Tokyo CPI remained at 0.6% yoy in November, unemployment rate was holding at 2.8% in October, household spending was up 0.0%, capital spending grew 4.2% in the third quarter. PMI manufacturing was revised down to 50.8 in November. New Zealand terms of trade index lifted 0.7% qoq in the third quarter. Today, Britain and Swiss will announce PMI manufacturing, Eurozone will publish PMI manufacturing revision. Canada will show Gross Domestic Product and employment figures. The US will present ISM manufacturing and construction spending.