Australia

Europe Votes To Impose Visas On Americans

European lawmakers voted to force Americans to apply for visas when traveling to Europe in response to Washington refusing to allow all Europeans to travel to the States visa-free.  The vote by show of hands is the latest in the ongoing “visa war” between Brussels and the US capital.

Wall Street Analysts React To Trump's "Presidential, Low On Details" Address

In his much anticipated address to Congress that was widely described as "presidential" avoiding attacks on the media and Democrat opponents, even if once again thin on detail, President Donald Trump reaffirmed his pledge on infrastructure, defense spending and tax overhaul, in broad brush strokes. Here is what a selection of Wall Street analysts thought about Trump's speech.

President Trump's Address To Congress: Key Highlights And Full Text

"From now on, America will be empowered by our aspirations, not burdened by our fears –- inspired by the future, not bound by the failures of the past –- and guided by our vision, not blinded by our doubts. I am asking all citizens to embrace this Renewal of the American Spirit. I am asking all members of Congress to join me in dreaming big, and bold and daring things for our country."

Trump Accuses Obama Of Being Behind Protests, Leaks

In an interview with Fox & Friends airing early Tuesday, President Trump blamed former President Obama for protests against him and other Republicans, as well as some of the leaks to come from the White House: “I think President Obama’s behind it, because his people are certainly behind it."

Millionaire Migrants: Countries That Rich People Are Flocking To

Money may not buy happiness, but it does buy the ultimate flexibility for making financial and lifestyle decisions. For many of the world’s millionaires, money provides a highly effective means to escape their home country when times get tough.

Key Events In The Coming US

The main focus this week will be on President Trump's speech to Congress and Chair Yellen's speech which is the last before the blackout period. US durable goods, ISM, the BoC rate decision, EZ CPI, UK PMIs and a busy calendar in Australia & Scandinavia also coming up.

Australia Central Bank Warns "High Debt Levels Are Affecting Household Spending"

"It is possible that continuing rises in indebtedness, partly as a result of low interest rates, increase the fragility of household balance sheets. If so, then at some point in the future, households having decided that they had borrowed too much, might cut back consumption sharply, hurting the overall economy."