Global Oil Prices and Tax Reform - What You Need to Know on Tuesday
This is what you need to know on Tuesday:
European stocks opened firmly higher Tuesday, while U.S. equity futures suggest the potential for another record-setting day on Wall Street, as investors to continue to extend a global equity rally that has created nearly $20 trillion over its near two-year run.
Global oil prices were also active after yesterday's surge of more than 3%, a move that followed the arrest of key political and business leaders in Saudi Arabia.
The dollar index, which tracks the greenback against a basket of six global currencies, was little-changed at 94.78 even as investors grew concerned of the slow pace of discussions with respect to the passage of a Republican tax reform bill introduced last week.
BMW AG (BMWYY) posted weaker-than-expected third quarter earnings Tuesday but boosted its full year profit guidance amid optimism that it can generate record sales for luxury cars over the final three months of the year.
Sky Plc (SKYAY) shares extended declines Tuesday as investors reacted to a stinging rebuke from British regulators over bias in Rupert Murdoch-owned Fox News and speculation that some of his U.S. operations could be sold to Disney Corp (DIS) - Get Report .
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