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No deal in Doha means a drop in commodities and a rise in the yen. The gloomy Monday morning mood could continue despite talk that the freeze talks may not be fully over. For now, the weekend gaps are certainly intact. A speech by the Fed’s Bill Dudley stands out in a light calendar as the black gold continues leading markets, currently to the downside.

Wrap up of the morning show for Monday, April 18th 2016: