What's Happening Today
- The positive momentum continued in Asia as European are currently mixed in the first half of the Friday session. While U.S. pre market indications are pointing to a muted open, traders are focused on the follow up of the political spectrum news in the U.S. and its potential impact the markets.
- AS follow up to yesterday's announcement by the Republican party to be able to present an amended bill for the Obamacare solution, market participants will be looking for specific language with respect to timing and probability of approving the bill.
- As earnings season begins next week, traders are digesting this morning's announcement from JP Morgan (JPM) and its EPS and Revenue beat.
- With the continued volatility in Crude, this afternoon's Baker Hughes Rig will closely be watched by energy traders as an indication of the US supply capacity.