European Union

Frontrunning: February 2

  • Futures fall as Fed gives no clarity on next rate hike (Reuters)
  • Yellen Eyes Commercial Real-Estate Froth as Fed Weighs ’17 Risks (BBG)
  • Trump Slams ‘Dumb Deal’ With Ally Australia After Testy Call (BBG)
  • For Many Firms, Trump Dominates Earnings Calls (WSJ)
  • Trump’s Blue-Collar Populism Is Dividing Unions (BBG)

Cable Unimpressed As Theresa May Wins Commons Brexit Vote

As was largely expected - and in spite of a whiney distraction from Jeremy Corbyn on Trump - UK Prime Minister Theresa May crossed the first hurdle towards Brexit as The House of Commons easily passed a bill authorizing the start of European Union exit talks.

George Soros Hires A New Chief Investment Officer

 Dawn Fitzpatrick, a senior executive at the asset-management arm of UBS, has accepted the job of chief investment officer at Soros, replacing Ted Burdick who stepped down after only 8 months on the job.

Frontrunning: February 1

  • Fed Unlikely to Make Its Next Rate Move Wednesday (WSJ)
  • Conservative Gorsuch nominated to top court (Reuters)
  • Gorsuch Is Critic of Legal Doctrine That Bolsters Executive Authority (WSJ)
  • The 4 Rules That Will Explain Neil Gorsuch’s Confirmation Fight (Politico)
  • Trump’s Yen Comments ‘Wide of the Mark,’ Says Japan FX Chief (Reuters)
  • A barb at Germany puts Trump administration on collision course with EU (Reuters)

The Other 'Ban' That Was Quietly Announced Last Week

Most of the world is in an uproar right now over the travel ban that Donald Trump hastily imposed late last week on citizens of seven predominantly Muslim countries. But there was another ban that was quietly proposed last week, and this one has far wider implications...

Martin Armstrong Warns EU Just Declared US Is The New Enemy

The European Union’s chief BREXIT negotiator, Guy Verhofstadt, told Reuters that Donald Trump is part of a three-pronged attempt to undermine the European Union. His comments reflect just how deranged the EU politicians really are for they will accept no blame whatsoever for any of their own policies.

Futures Fall On Rising Trump Uncertainty; Europe Stocks Rise As Euro-Area Inflation Surges

European bonds fell and stocks rose led by banks and retailers as surging inflation data prompted investors to switch into reflationary assets even as speculation about ECB tapering has returned. Asian stocks and US equity futures declined. The Yen and gold advanced after Trump’s firing of the U.S. acting attorney general added to concern over the unpredictability of decisions in the new administration.