Good morning all! Yesterday stock indexes got a percent hit in soft trade as the upside ceiling holds solid. So much so that this morning's index futures are down for another percent today. They say metals look good tho, gold seems to like it's new $1,200 floor.
Today we'll see how this morning's MBA Mortgage Index, New Home Sales, and Crude Inventories end up
From those that know more than us:
Shares fall with oil prices, yen in demand Reuters - 9 hours ago LONDON Shares fell in Europe and Asia on Wednesday as oil prices dipped after Saudi Arabia effectively ruled out output cuts by major producers, lifting investor appetite for low-risk assets such as the Japanese yen and gold.Central Banks Should Stop Paying Interest On Reserves Seeking Alpha - 11:41am In 2008, the Federal Reserve began paying interest on reserve balances held on deposit at the Fed. It took more than seven decades from the US leaving the gold standard - in 1933 - for the fiat regime to do this and thus revoke a cardinal element of ...Reuters Exclusive: New York asks SEC to force climate vote onto Exxon proxy New York state's comptroller and four other Exxon Mobil (XOM.N) shareholders asked the U.S. Securities and Exchange Commission this week to force the oil producer to include a climate change resolution in its annual shareholder proxy, according to a filing seen by Reuters. The move, the first since the Paris climate accord, ratchets up the tension between the world's largest publicly traded oil company and...