France

Global Stocks Dip On Poor US Auto Sales, Apple Miss; Fed Decision On Deck

European, Asian stocks and S&P futures all fall as investors digested poor overnight news on Apple earnings and U.S. car sales, while the dollar rose in muted trading as investors contemplated chances of another rate hike next month ahead of today's Federal Reserve statement.

Global Stocks Hit All Time High As Fed Meeting Begins

With the Fed set to begin its latest 2-day meeting, S&P futures are little changed with European and Asian stocks higher after the VIX dropped to a 10 year low and the Nasdaq rose to record highs, sending the MSCI All-Country Index back to all time highs, as global markets reopen after holiday with investors focusing on stronger corporate earnings, while ignoring weaker than expected "hard" economic data and geopolitical concerns.

The Existential Question Of Who To Trust

"The looming threat of World War III is made more likely because the world’s public can’t count on supposedly objective experts to ascertain and evaluate facts. Instead, careerism is the order of the day among journalists, intelligence analysts and international monitors – meaning that almost no one who might normally be relied on to tell the truth can be trusted."

State Department Warns European Travelers Of "Continued Threat Of Terrorist Attacks"

In case you were starting to lose your fearmongered concerns, The US State Department has come to the rescue with a travel alert for visitors to Europe warning of "the continued threat of terrorist attacks...  U.S. citizens should always be alert to the possibility that terrorist sympathizers or self-radicalized extremists."

Of Bunkers, Bankers, & Black Swans

And suddenly the storms of early Trumptopia subside, or seem to. Rest easy America… oh, and buy every dip... But be warned, a calm surface is exactly what Black Swans like to land on...

Key Events In The Coming Busy Week: FOMC, Payrolls, 131 S&P Companies Report

Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics - the decisive runoff round of the French election takes place this Sunday - this week's releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs.

Futures Rise On Government Funding Deal; Most Global Markets Closed For Holiday

With much of Europe and Asia, including the U.K., France, Germany and China markets closed for Labor Day, Asian stocks and the dollar rose buoyed by news that Congress had reached a deal to keep the US government funded through the end of September. S&P futures are up 4 points or 0.2%. Oil declined as rigs targeting crude in the U.S. rose for a fifteenth week and output from Libya rebounded.

Monetary Metals's picture

Last week we noted that traders couldn't agreen on how the developments in France will affect gold and silver. It didn’t take too long for a resolution and for the speculators to get flushed.

Silver has been falling for going on one year, but clearly since March 1. After one last hurrah at the end of March, it has been taking the elevator down. And by its fundamentals it should be quite a bit lower—0.0125. In any case, we are interested in watching what the fundamentals of the metals are doing.

The Real WMD In Syria - The West's Weapon Of Mass Disorientation

The alleged use of chemical weapons, a particularly odious weapon of mass destruction (WMD), serves as an effective prop to channel Western public outrage against Assad. Allegedly killing civilians with bullets and bombs just doesn’t have the same psychological power to incite public disgust. Poisoning little children with lethal chemicals is a more effective label with which to demonize the alleged perpetrator. But the more pertinent WMD issue here is Weapon of Mass Disorientation.