Nov 21

Global Market News Fwd: 5 things to start your day

Global Market News Fwd: 5 things to start your day
Forward Guidance
AT&T say ‘see you in court,’ Yellen to leave Fed board, and British government up Brexit offer.

Court battle

AT&T Inc.’s chief executive officer Randall Stephenson told antitrust officers that he would see them in court after the Justice Department sued to block its $85.4 billion bid for Time Warner Inc.

Yellen out

Federal Reserve Chair Janet Yellen said that she will resign her position on the board of governors once her nominated successor Jerome Powell takes over in February.

Markets rise

Overnight, the MSCI Asia Pacific Index gained 0.9 percent

China’s Tencent Holdings Ltd. overtake Facebook Inc.’s market value

In Europe, the Stoxx 600 Index was 0.3 percent higher. markets remain undisturbed by German political woes.

S&P 500 futures were 0.2 percent higher, the 10-year Treasury yield was at 2.354 percent and gold was slightly higher.

Here’s what you should read today

Sayed Ahmed

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