Morning Update – 17/11/2017 – by Arjun Lakhanpal

November 17, 2017 by

Morning all.. Wall St rebounded and closed up 0.8% in a solid session which reversed the risk off sentiment seen earlier in the week. In Asia we saw China a little higher after another large injection of liquidity from the Central Bank and the Nikkei only managed to close up 0.2% as USDJPY fell. Some suggest on reports that the Trump campaign has had a subpoena for documents on the Russia issue during the election. Shares in Japan erased most gains of more than 1 percent to spend the second half of Friday’s session fluctuating before ending fractionally higher as the yen jumped to a four-week high against the dollar. Bitcoin hit another record high to close in on $8,000 just days after a plunge of as much as 29 percent. Chances that U.S. firms will get a tax break appeared to improve after Republican Senator Ron Johnson, who had declared his opposition to the Senate’s tax plan, said he is optimistic his concerns can be addressed. The House passed its version of the bill Thursday. Apart from USDJPY , FX markets were rather quite as US 10yr yields sit at 2.35%. We do not have much data today to guide us either with EU Current account data all we get this morning and little of note from the US. Canada CPI may be of interest later. Looks like a quiet start.. . Good luck..