Trading is over here on Wall Street to
December twelfth here is the New York
minute it's been a generally messy day
stock markets around the world failing
to get much traction on the yields
rising and one very big head fake from
the oil price which as you can see shot
up at the opening on the news that
non-opec countries were going to join in
trying to limit supply and then spent
the rest of the day giving that gain
back one more lasting Tran tire is if
you take a look at German inflation
breakevens you can see their their
highest in more than a year it looks as
though the ECB to its delight is at last
persuading investors that there is some
inflationary pressure in the eurozone
for another cautionary tale of the
current conditions in the US let's take
a look at the aerospace and defense
sector you can see that it rallied very
sharply after the election plainly
people thought the day President Trump
was likely to be spending a lot more on
defense but you can see it to come back
in the last few days if you take a look
in detail at what happens at the
beginning of last week it's fallen very
sharply after negative tweets from the
president-elect about first Boeing and
then Lockheed Martin be careful of the
power of the tweet and that's the New
York minute