Jan 25, 2017 - Market update

A short review

USD slightly better but still under pressure from investors doubts about Trump policies

No corporate news supporting stocks higher, just reactions to Trump administration (executive orders on Keystone XL and Dakota pipelines)

DAX likely to break 11 692 today (watch Ifo data)

US earnings – strongest growth in operating profits but revenue is lackluster so far

Brasil – US banks published notes yesterday on tactical longs as the economy is turning around

EZ macro still improving

EU-Canada trade deal ready for EU Parliament vote

Brexit – US – EU/Merkel

May flying to US to meet with Trump on Friday

Hoping for a support deal but it is very unlikely

Trump likes to hammer the deals on one-on-one basic, not comfortable with supranational bodies like EU is

Also not comfortable with Angela Merkel who represents the continuity and pragmatic approach

This is something that doesn’t go well with his strategy of creating chaos and headlines

Data

Ifo survey data (GE) expected higher

CBI Industrial trends (UK) seen positive this month

Consumer Confidence Index (BR) seen positive again after three months

USD 3-month LIBOR steadily ticking higher (data as of Jan 17, 2017)

Good luck Champs!

Mr Hawk

  

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