France

Key Events In The "OPEC Is Optimistic About A Deal" Week

The key economic releases this week are consumer confidence on Tuesday, ISM manufacturing on Thursday, and the employment report on Friday. There are a few scheduled speaking engagements from Fed officials this week. The Beige Book for the December FOMC period will be released on Wednesday.

Global Stocks Slide On Italian Bank Worries; Dollar Dips As Trumpflation Takes A Back Seat

European shares dipped and U.S. equity-index futures (-0.3%) pointed to a lower open as traders questioned the stability of the Italian banking sector ahead of next weekend's referendum as well as the longevity of the Trumpflation rally, pressuring the dollar.  "It's a bit of a pull back in the dollar," said Societe Generale strategist Alvin Tan. "The fall in oil is pushing back U.S. bond yields and that is leading the consolidation in the dollar.. there is more scepticism about an (OPEC) output cut now."

Trump And Draghi May Bring A Return Of The "European Solvency Crisis": Barclays

Since Drahi's infamous "whatever it takes" warning in the summer of 2012, European bond yields have been a one way street lower, and until the recent Trumpflation rally, had tumbled to all time lows, in many cases well below 0%.  There are two catalysts, however, that may be ending Europe's QE-driven free ride, and according to a recent report by Barclays, their names are Donald Trump and Mario Draghi.

Nigel Farage: "I Fear For My Life"

While last week's report that Nigel Farage is considering moving to the US may have been a prank, overnight the UKIP leader shared some more somber news with The Daily Express, whom he told that he fears for his life and cannot go out in London without his security detail. "I’ve got no life — I can’t do anything, I can’t go anywhere."

Juppe And Fillon Clash For Republican Nomination As France Picks Marine Le Pen's Opponent

On Sunday two former prime ministers - Fillon and Juppe - are facing off in a runoff vote for France's center-right presidential nomination, with the victor expected to face a showdown against a resurgent Marine Le Pen in the May 2017 presidential election. Voting opened at 8 a.m. and was set to close at 7 p.m., with the first results likely up to an hour and a half later.

World Leaders Respond To Fidel Castro's Death

Reactions to Fidel Castro's death, like his life, were deeply divided. World leaders including Russian president Putin, South Africa’s President Jacob Zuma, India’s Prime Minister Narendra Modi and several Latin American politicians issued statements and tweets highlighting Castro’s achievements and extolling his virtues.

Europe: Let's Self-Destruct!

A reasonable question that many Europeans might ask would be whether it is not perhaps time to review priorities?

Furious Erdogan Lashes Out, Threatens To Let 3 Million Refugees Into Europe

The furious Turkish leader lashed out a day after the European Parliament called for a pause in Turkey’s EU accession talks in protest at Ankara’s “repressive” and “disproportionate” response to a violent coup attempt earlier this year. "We are the ones who feed 3m-3.5m refugees in this country," he said. "You have betrayed your promises. If you go any further those border gates will be opened."

Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs

Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.

The Ex-President Of Italy's Constitutional Court Explains What Is At Stake When Italy Votes

With markets poised to react to the pivotal Italian constitutional referendum on December 4, consensus suggests that a ‘yes’ vote to the reforms will be positive for asset prices and a ‘no’ represents a sell signal. According to leading Italian commentators, however, a ‘yes’ vote will not fix Italy’s problems and the issues at play are not just black and white, but instead are far more complex than people seem to understand.

All Aboard The Post-TPP World

Whatever the contours of Trump’s China/Asia foreign policy, Eurasian integration will proceed unabated. TPP – or NATO on trade, the Asian version - is just a scalp in a long and winding road. And on the South China Sea, dialogue is slowly edging out the confrontation fomented throughout the Obama administration.