US Futures Rise as the House of Representatives Moves Closer to a Tax Reform Bill Vote

US futures rise as the House of Representatives moves closer to a tax reform bill vote.  The House is expected to vote on a tax bill this week and the GOP remains optimistic that the bill can pass.  Weekly jobless claims rose to 249K, but continuing claims fell to 1.86M.  Import prices rose 0.2% m/m and 2.5% y/y in October.  The Philadelphia Fed Business outlook Survey came in lower than expected at 22.7 for November.  At 9:15am, the market will get a read on October industrial production and at 10am, housing market index.  The 2yr Treasury rose to 1.7%, the highest level in nearly 10 years, as the yield curve continues to flatten.  European shares are higher as materials stocks rebound.  Asian shares were led higher as Japan bounced back with a 1.5% gain in the Nikkei 225.


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