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.
Those who support the idea of globalism and strive for closer European integration believe the results of the Dutch election indicate the tide has been stemmed, with Eurosceptics and "populist" forces on the defensive - the buck stops here, this is the end of domino effect. However, let’s look at the facts...
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...
Attempting to spend a nation to prosperity using borrowed money is not without consequences. In the short run, an illusion of wealth can be erected. In the long run, that illusion slips into decay and disrepair.
"The Danes look at Sweden with absolute horror...Denmark is on the brink. And Europe is on the brink. We completely lost our culture, our values and our moral compass. What used to be good is now evil and vice-versa."
The man shot dead by French soldiers at Paris Orly airport on Saturday shouted he was there to "die for Allah"and that "there will be deaths" when he tried to seize a soldier's assault rifle, intending to open fire on passengers, a Paris prosecutor said.
A row appears to have broken out during today's G-20 meeting in Baden Baden, Germany - the first for the Trump administration - where the dominant topic is trade, and specifically how the "globalization vs protectionism" debate will look in a world where Donald Trump is president of the world's biggest economy.
A man was shot dead by security forces after seizing a soldier's gun at Paris Orly airport on Saturday while in a separate incident a police officer was shot and injured north of the French capital, the French Interior Ministry said.
The Dutch elections on Wednesday have provided a whole bunch of Orwellian narratives... those who think they can see in the Dutch experience, a sign that Marine Le Pen’s chances in France’s presidential elections in April and May have dropped a lot, would appear to be delusional.
Given the collapse of European VIX to record lows, one could be forgiven for thinking that there's nothing to worry about. However, a one point jump in first-round support for French far-right presidential candidate Marine Le Pen has sparked a notable drop in EURUSD this morning.
A quiet start to today's quad-witching St. Patrick's day, with European stocks mixed, Asian shares and U.S. index futures (-0.1%) little changed ahead of industrial production data with just Tiffany's set to report earnings.
What should Canada’s surviving veterans think about the Liberal government sending Canadian advisors to train Kiev’s armed hooligans? "Against Russian aggression," Freeland would no doubt retort. But even MSM journalists in Canada, not as venal as their American counterparts, have derided such talk as "delusional." The question is will the majority of Canadians fall for Freeland’s dangerous Russophobia?
Gold’s biggest 1 day percentage gain since September 2016. Fade out Fed “jibber jabber.” Focus on still ultra low rates (see chart). Rising rates bullish for gold as seen in 1970s and 2003 to 2007 (see table)
Moments after one person was injured at the Paris IMF Headquarters after opening a letter bomb, the French government has launched a terorrist attack warning after a shooting took place at the southern town of Grasse, where several have been injured. According to Reuters, a man opened fired on the headmaster at the Grasse College, French BFM TV reports citing sources.
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.