Written by Gary
US major stock indexes poised to set new historical highs on the opening bell (SPY +0.1%) failure to keep highs will depress market.
Here is the current market situation from CNN Money | |
 | European markets are mixed today. The FTSE 100 is up 0.09% while the CAC 40 gains 0.04%. The DAX is off 0.21%. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | Fiat Chrysler, Peugeot owner agree binding $50 billion merger dealFiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry. |
| Fiat-PSA merger is good news for the car industry – France’s finance ministerFiat Chrysler (FCA) and Peugeot maker PSA merger is good news for France, Europe and also for the car industry, France’s Finance Minister Bruno Le Maire told Reuters on Wednesday. |
| Airbus set for strong sales year despite trade woes: SchererAirbus is on course to end 2019 with all major civil aircraft programmes showing a book-to-bill ratio above one, chief commercial jet salesman Christian Scherer said on Wednesday. |
| World shares hover near record highs as investors pause for breathWorld stocks hovered just off record highs on Wednesday after climbing for five straight sessions, while Britain’s pound nursed heavy losses in the wake of renewed Brexit uncertainty. |
| Fiat Chrysler to meet unions Friday to discuss PSA merger dealFiat Chrysler will meet Italian trade unions in Turin on Friday to discuss the details of a merger deal with French rival PSA , the FIM-CISL union said on Wednesday. |
| U.S. finalizing rules to limit sensitive tech exports to China, othersThe Trump administration is finalizing a set of narrow rules to limit exports of sophisticated technology to adversaries like China, a document seen by Reuters shows, in a boon to U.S. industry that feared a much tougher crackdown on sales abroad. |
| Oil skids as U.S. inventories pile up, but demand hopes stem bigger dropOil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check. |
| Google settles ‘longstanding’ tax dispute with AustraliaAlphabet Inc’s Google has settled a “longstanding” tax dispute with Australia’s tax office, it said on Wednesday, after paying an extra A$481.5 million ($326.75 million) on top of its previous tax bill. |
| Tesla considers cutting China-built Model 3 sedan prices next year: BloombergU.S. electric vehicle maker Tesla Inc is considering cutting the prices of its China-built Model 3 sedans by 20% or more next year, Bloomberg reported on Wednesday, citing people familiar with the plans. |
| Cryptos Continue Collapse Overnight After Chinese Scammer Allegedly LiquidatesCryptos Continue Collapse Overnight After Chinese Scammer Allegedly Liquidates Crypto markets are under pressure for the 3rd day in a row making for another ugly week as the year comes to a close… |
| Trump Said What?! Here Are The Top 10 Zingers In Trump’s Historic Letter To PelosiTrump Said What?! Here Are The Top 10 Zingers In Trump’s Historic Letter To Pelosi Authored by Michael Snyder via TheMostImportantNews.com, The bitter feud between President Trump and House Speaker Nancy Pelosi has just gone to an entirely new level. On the brink of being impeached, Trump sent an absolutely scathing letter to Pelosi on Tuesday in which he accused her of œdeclaring open war on American Democracy , œbreaking your allegiance to the Constitution and œinterfering in America’s elections . In the letter, Trump said that he wrote it œfor the purpose of history and to put my thoughts on a permanent and indelible record . Of course Trump knew that he would not be able to affect the ultimate outcome of the impeachment vote, but he wanted future generations of Americans to be able to look back and clearly understand what was being done to him. This is the culmination of a long crusade by the left to try to take Trump out, but of course if Trump wins again in November 2020 there will be more attempts in the future. The visceral hatred that they feel toward Trump comes out in everything that they do, and they are never going to stop until they are finally able to get rid of him. |
| Stocks Set For New All Time High On Trump Impeachment DayStocks Set For New All Time High On Trump Impeachment Day Global stocks hovered just off record highs on Wednesday after climbing for five straight sessions, while S&P futures are gently levitating after getting stuck in a 10 points range for 3 days, as Britain’s pound nursed heavy losses in the wake of renewed Brexit uncertainty, wiping out all of its post-election gains and then some. |
| Trump Tweets “Say A Prayer” Ahead Of Impeachment By “Radical Left”Trump Tweets “Say A Prayer” Ahead Of Impeachment By “Radical Left” Update 2: As we expected, the tweet below has been reissued, with a few edits. It’s classic Trump, as the president exhorts his followers to “SAY A PRAYER” on impeachment day, while raging at “Do Nothing Democrats” and the “Radical Left.”
* * * Update: We 100% President Trump to go on a full-fledged Twitter rampage lasting until the last impeachment vote is cast on Wednesday, and so far, the president hasn’t disappointed…although his first impeachment-focused tweet of the day has already been deleted for what we imagine are copy-editing-related reasons. |
| Need to Know: Beware of equity ‘over-exuberance’ in coming months, warns CitiCitigroup strategists say they will be on the lookout for signs of œover-exuberance in stocks in the New Year, as big investors are expected to pile in. |
| Bond Report: Treasury yields tick lower as House set to vote on impeachment articlesU.S. Treasury yields tick lower on Tuesday as investors keep an eye on impeachment proceedings against President Donald Trump. |
| Futures Movers: Oil on track to snap 4-day win streak after inventory riseOil futures are trading lower Wednesday, on track to snap a four-day winning streak after an industry trade group reported a rise in U.S. inventories of crude and products ahead of a more closely followed government tally. |
Earnings Summary for Today
leading Stock Positions
Current Commodity Prices
Commodities are powered by Investing.com
Current Currency Crosses
The Forex Quotes are powered by Investing.com.
To contact me with questions, comments or constructive criticism is always encouraged and appreciated:
