Italy

The Most Important Charts For Wine Lovers

While everyone continues to focus on stocks, a much larger, far more important situation is fermenting for wine lovers: global wine production crashes to 50-year low.

Frontrunning: October 25

  • Rift Widens Within GOP in Battle for Control of Party (WSJ)
  • Trump Courted a GOP Rebellion. Now He’s Got One (BBG)
  • Xi Jinping Is Alone at the Top and Collective Leadership ‘Is Dead’ (WSJ)
  • Dollar hits 3-1/2-month high vs. yen, boosted by Fed chair talk (Reuters)
  • Congress Votes to Overturn CFPB Arbitration Rule (WSJ)

Frontrunning: October 24

  • Corker Tells Trump to Stay Out of the Tax Debate (BBG)
  • Food fight? After spats on Twitter, Trump’s having lunch with Senate Republicans (McClatchy)
  • As ‘New Era’ Dawns, Xi’s Party Stays Out of the Sun (WSJ)
  • China enshrines 'Xi Jinping Thought', key Xi ally to step down (Reuters)
  • U.S. Set to Resume Admitting Refugees but With New Rules (WSJ)

What Selloff: Futures Rebound, Nikkei Extends Record Winning Streak

European shares are modestly lower as investors monitor fluid events in Spain and as focus turns to Thursday’s ECB meeting; US equity futures have rebounded from yesterday's sharp but shallow selloff and are in the green amid rising odds of U.S. tax reform and the imminent unveiling of the next Fed chair while Asian shares rise and Japan extends its winning streak to a record 16 days.

World Stocks At All Time Highs After Nikkei's Record Winning Streak; Euro Slides With Spain On Edge

In an otherwise quiet session, Sunday's convincing election victory for Japanese Prime Minister Shinzo Abe’s ruling coalition, which gave it another constitution-changing supermajority, pushed the Nikkei to the highest level since 1996, after a record 15 consecutive days of gains - the longest winning streak on record - and sent world stocks to new all-time highs on Monday.