ECB Preview: What Wall Street Thinks Mario Draghi Will Say Tomorrow

While expectations are low from Thursday's ECB meeting,  it may ultimately boil down to Draghi’s communication about asset purchases. Any hint of QE tapering would spur a large-scale sell-off in the rates market, according to most Wall Street strategists. Here is what else the sellside thinks will happen.

UK Prime Minister Responds To Blocking Of RT's Bank Accounts

A decision by NatWest to withdraw banking services in Britain from state-funded Russian broadcaster RT is a matter for the bank, British Prime Minister Theresa May's spokeswoman said on Monday. "It's a matter for the bank and it's for them to decide who they offer services to based on their own risk appetite."

RT's Bank Accounts Blocked In The UK; Russia Foreign Ministry Slams RBS' Decision

While we have yet to get an update from Wikileaks on the status of Julian Assange's internet connection at the Ecuadorian embassy in the UK, which as reported overnight was allegedly "severed" by an unknown "state party", moments ago Russia's RT, a media outlet funded by the Russian government, has allegedly seen its bank accounts blocked by the UK, according to a tweet by the station's editor-in-chief, Margarita Simonyan.

Futures Fail To Rebound As Deutsche Bank Tries To Comfort Markets That It Is "Fine"

After yesterday's "Hillary rally" in the US, the overnight's session has seen more risk-on sentiment as European stocks advanced, ignoring weakness in Asia as investors followed every twist of shares of beleaguered lender Deutsche Bank, whose CEO last night assured Bill readers that the bank is not seeking a bailout, which however was contradicted by a Zeit article this morning reporting that Germany may seek as much as s 25% "bailout" stake in a worst case scenario.

Could Germany Ever Allow Deutsche Bank To Go Under?

So Germany ignores all the FSB rules and regulations and bails Deutsche bringing it into government ownership/protection –  call it what you like. In so doing it demolishes the entirety of European policy regarding bail-ins, government debts and austerity. The Bundesbank, Berlin and the ECB would have no authority at all. Every country would have a green light to do the same for their flag carriers. It would be the end the European experiment.

US Futures; Euro Stocks Slide On Deutsche Bank Liquidity Fears; Bonds Bid

Following yesterday's paradoxical US stock surge catalyzed by a bevy of bad macroeonomic news, the overnight session has seen some good old "risk off" mood which hit European shares as a result of the previously reported $14 billion DOJ claim against Deutsche Bank, which sent Europe's biggest bank tumbling, dragging the banking sector lower, while a continued drop in the price of oil pushed energy companies lower.

Deutsche Bank Slapped With $14 Billion Fine By DOJ Over Mortgage Probe

Blowback? Just a few weeks after the EU slapped Apple with a $14 billion bill for "back taxes," the U.S. has responded with $14 billion fine on Deutsche Bank related to the DOJ's outstanding probe into the company's trading of mortgage-backed securities during the financial crisis.

The Blessing Of Cash (And Why Central Bankers Hate It So Much)

Cash is an unambiguously a blessing to productive workers, savers, and entrepreneurs who wish to protect their hard earned money from the crazed theories and swindling schemes promoted by statists like Rogoff and the central bankers he advises.