Italy

US Trade Deficit In 2016 Was The Biggest In Four Years

While the good news is that for December the US trade deficit narrowed modestly to $44.3 billion, better than expected, the bad news is that for all of 2016, the goods and services deficit was $502.3 billion, up $1.9 billion from $500.4 billion in 2015, and the biggest deficit going back to 2012.

French Economic Uncertainty Surges To All-Time Highs

With elections looming and expectations for uncertainty to remain elevated, the relative selloff in French bonds could have quite a bit further to go - just take a look at the spread back in 2011/2012.

S&P Futures, European Stocks Bounce As Dollar Rises Most In Two Weeks; Gold, Yen Slide

The dollar rebounded from a key support level, strengthening against all major peers, pushing S&P futures higher as European shares rose, led by basic resources and real estate, while Asian stocks fall. Gold fell from its highest level since November as demand for some haven assets ebbed while global bonds declined. Oil dipped, pressured by a stronger dollar.

Trump's Early Foreign Travel Schedule Unveiled

After two weeks of vigorously signing executive orders, 20 as of February 6, undoing Obama-era regulations, and engaging foreign leaders in often heated exchanges by phone, Trump is gearing up to make offshore visits to, as Axios puts it, "reedem himself as a diplomat" in coming months.

Global Stocks, US Futures Rise Despite Growing Political Tension In Europe

In a relatively quiet session, which may see US traders sleep in a bit after last night's Superbowl thriller, European and Asian shares rose ahead of Mario Draghi’s testimony at the European Parliament, while US equity futures were fractionally higher (up 0.1% to 2,293) after stocks jumped the most in a week, as traders assessed the trajectory for interest rates while scrutinizing every new Trump tweet.

Quebec: The Crisis Of The West

Quebec, like the entire West, is facing an existential demographic and religious crisis. Quebec's death spiral is explicitly linked with the calls for increased immigration.

Italy Increasingly Likely To Abandon The Euro

An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country. The only missing ingredient is an early election. And early elections are now the odds-on favorite.

Dollar Slide Accelerates After Fed Fails To Boost Confidence, Pressures US Futures

European shares and S&P futures fell amid mixed earnings from corporate heavyweights, while Asian stocks were fractionally higher. The dollar slump continued against all its major peers after the Federal Reserve gave dollar bulls little to be optimistic about.  The U.S. currency dropped toward the lowest close since November after the Fed reiterated its intention on Wednesday to lift rates only gradually.