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GLOBAL MARKET NEWS

ITALIANS VOTE "NO"

  • Italian citizens voted against the referendum that would dissolve the Italian Senate on Sunday. 
  • Prime Minister Renzi has resigned as promised following the no vote.  
  • All eyes are now on the ECB meeting Thursday. 
  • Look for comments from ECB President, Mario Draghi, that QE will include purchases of Italian bonds in an effort to aid the ailing Italian banks. 

TREASURY YIELDS SURGE 40%

  • The 10-year Treasury yield surged in November on the back of the Trump election victory.  
  • Inflation expectations have risen as a result of promsed fiscal stimulus from the President-Elect. 
  • Any hint of inflation typically leads to increased rate hikes by the Fed; driving yields higher. 
  • The Fed meeting is on December 14th.

U.S. DOLLAR ON THE RISE 

  • Equity markets weren't the only indices to surge in November. 
  • The dollar rose almost 6% in a month before retreating in early December. 
  • With the anticipation of a Fed hike on December 14th, the dollar has attracted investment flows as is typical for a country with higher yields. 

GLOBAL EQUITY MARKETS

VIDEOS

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CHART ANALYSIS:

DOW JONES SURGES POST-TRUMP ELECTION

The surprise election of Donald Trump has sent equities surging over 6% to all-time highs. In this video, you'll find out why Wall Street is reacting so favorably, as well as technical analysis of the charts highlighting the risks to this latest surge in the Dow Jones. .  

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