Australia

Global Stocks Slide, S&P Futures Tumble Below 50DMA As "Trump Trade" Collapses

Global stocks are lower across the board to start the week, as concerns about Trump's administration to pull off a material tax reform plan finally emerge, pressuring S&P futures some 20 points lower this morning, following European and Asian shares lower, while crude oil prices fall unable to find support in this weekend's OPEC meeting in Kuwait where a committee recommended to extend oil production cuts by another 6 months.

The "Retail Apocalypse" Is Officially Descending Upon America

“What’s going on is the customers don’t have the fucking money. That’s it. This isn’t rocket science.” Consumerism has long been a defining element of American society, but retail giants are now shutting down thousands of their locations amid a long-anticipated "retail apocalypse."

Apple Launches Red iPhone 7, Introduces New iPad

As previewed last week, moments ago Apple has introduced a 9.7-inch iPad with Retina display, starting at $329. Today AAPL also announces red edition of iPhone 7 and iPhone 7 Plus to mark more than 10 years of partnership between Apple and HIV/AIDS charity.

Visualizing The World's Extreme Population Density

Bangladesh and three provinces in India, which are highlighted in red, take up just 160,000 sq. mi – that’s smaller than California. Together they hold more population than all of the blue territories on the map.

New Zealand Expels US Spy With Broken Nose And Black Eye, After "Incident"

It's not just US-Russian relations that have devolved to the level of spontaneous diplomat expulsion.  According to Reuters, New Zealand has expelled an attache at the U.S. Embassy after Washington refused to waive his right to diplomatic immunity in relation to a police investigation of a potentially serious crime, after an "incident" which gave him a broken nose and a black eye, media and authorities said.

Global Stocks, US Futures Slide Spooked By G20 Protectionist Shift; Dollar Drops For 4th Day

Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism.

FX Week Ahead

This week has not been one to savor for USD bulls, with the FOMC rate hike accompanied by a statement which failed to generate the fresh wave of hawkish sentiment markets had positioned for. Fresh US data will therefore be required to drive fresh direction...

White House Makes Formal Apology To Britain Over Spying Accusation

The White House has assured UK Prime Minister Theresa May that it will not repeat claims that GCHQ spied on Donald Trump, a spokesman for Downing 10 said. "We've made clear to the administration that these claims are ridiculous and they should be ignored and we've received assurances that these allegations will not be repeated."

Global Stocks Soar To Record Highs On "Dovish" Fed, Dutch Vote

World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signaled no pick-up in the pace of tightening, while the Dutch elections were broadly interpreted as a drop in support for Europe's anti-establishment powers.