Morning Update

Posted: 2017-02-20 12:38:32

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Stocks rose in Europe and Asia, driven by rumors of a merger involving the US mobile unit of Deutsche Telekom

• Unilever falls as Kraft abandons merger bid

• Dollar falls with U.S. yields lower

• With US exchanges closed for the Presidents Day holiday we aren’t expecting much action until the Asian session open.

  Canadian Wholesale due up at 8:30est (exp 0.70) and Eurozone Consumer Confidence due 10:00 (exp –4.90)