Newspaper

Explosion At French Nuclear Power Plant, No Risk Of Nuclear Contamination

French authorities said an explosion occurred at the EDF-operated Flamanville Nuclear Power Plant in France’s north-west, in the power plant's machine room, but added that there is no leak of radiation. The incident occurred at 10:00 local time (09:00 GMT) in an engine room, Ouest-France newspaper reported. No injuries have been reported.

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.

Frontrunning: February 6

  • The Patriots’ Insane Comeback: One for the History Books (WSJ)
  • Euro fades in face of French election risks (Reuters)
  • Legal battles to test Trump and his travel ban (Reuters)
  • Standoff Looms Over Travel Ban; Trump Rips Judge (WSJ)
  • Trump Set to Attend NATO Summit in May (WSJ)

French Spread Blows Out After Fillon Announces Unexpected Press Conference

In latest political twist in the French presidential race, AFP reports that recent French presidential frontrunner Francois Fillon, who has been embroiled in a major graft scandal, will hold a press conference at 4 p.m. at which many traders are expecting he will announce that he is stepping down, although according to subsequent Reuters reports Fillon may launch a "counter attack" against the fake job scandal that has sent his standing in the polls crashing.

German Default Risk Spikes To Highest Since Brexit As Merkel Lead Plunges To Multi-Year Low

Germany’s Social Democrats narrowed the gap with Chancellor Angela Merkel’s bloc to the closest in more than four years, reinforcing a poll bounce after they chose outsider Martin Schulz to challenge Europe’s longest-serving leader. As Bild reports, the 6-point surge in opposition support was the biggest ever recorded for the party... and may explain why German sovereign risk spiked to its highest since Brexit.