Upside surprises, particularly on wages, could be the prelude to an end-of-year dollar rally, a rising yield curve and a more hawkish Fed tone. (AP Photo/Mark Lennihan)
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Can equity bulls top a big 2017 in style? US equities have racked up eight consecutive months of gains – their best streak in a decade – and are looking for December to make it nine in a row for a banner year. For Wall Street, plenty now hinges on two big political issues.MKM Partners' Jim Strugger notes that, over the past 70 years, December has produced the largest percentage of positive returns (75 per cent) and highest average return (+1.5 per cent).By the end of this week, the market should be better placed to know how the rest of the year pans out.UK markets look for a Brexit dealWith more than $1.5tn in new debt raised already this year, a big week of dealmaking could help drive 2017 to top last year's record $1.7tn of new paper issued by EM borrowers.
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