Spanish Stocks, Bonds, Euro Sink After Catalan Referendum Fiasco; S&P Futures Rise

While S&P futures were modestly higher, rising 0.1% in a quiet session in which China, South Korea, India and Hong Kong were closed for holidays, the Euro, Spanish stocks and bonds were broadly lower as Spain faces its worst constitutional crisis in years following a dramatic, violent crackdown on Sunday's Catalan independence referendum in which 89% of the voters wanted to secede from Spain.

Former Puerto Rico AG Cut Off By CNN After Accusing San Juan Mayor Of Being A Political Hack

CNN cut off the former Puerto Rico AG, Jose Fuentes, shortly after he said on live TV that "The mayor of San Juan is a political hack" adding that "she was singing the praises of the president until her political adviser, [Rep.] Luis Gutiérrez from Chicago, got there and brought her the t-shirts and said, 'Hey you want to run for governor, if she wants to run..."

FX Week Ahead: Blind Faith - First It Was In The US, Now It's The UK

It's back to blind faith, and nowhere is this more so prevalent than in rate pricing in the UK, where the market has been hanging on the words of BoE governor Carney and his fellow members who have also prompted the market to (re-)price a 25bp rate hike this year and more beyond.

3 Ways To Help Puerto Rico Right Now

" is generally far more difficult for low-income areas to weather storms, than it is for high income areas. The amount of capital at hand for repair and recovery is less in poor areas, as is the wealth available for constructing high-quality infrastructure... So we must explore ways that Puerto Rico could be helped right now in gaining greater access to badly needed goods and services. "

What's The Matter With Inflation?

The divergence of official inflation as measured by the government versus inflation realized by the consumer and businesses has never been greater...