European stocks were little changed and oil fell as investors assessed declining prospects for an OPEC deal and risks from Italy’s referendum. Asian stocks declined, while S&P futures pointed to a fractionally higher open, erasing 3 points from yesterday's drop.
The imminent loss of Aleppo by rebel forces has sent shockwaves of demoralization across the war-torn country. Capturing eastern Aleppo would be the biggest victory for President Bashar al-Assad since the start of the uprising against him in 2011, restoring his control over the whole city apart from a Kurdish-held area that has not fought against him.
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that "there will be very important announcements tomorrow."
The Defense Department has launched a leaks investigation related to the sex scandal that led to the resignation of former CIA Director David Petraeus, The AP confirmed Monday, the same day Petraeus was meeting with President-elect Donald Trump in New York.
A small Iranian Islamic Revolutionary Guard vessel pointed its weapon at a U.S. military helicopter in the Strait of Hormuz on Saturday, two U.S. defense officials told Reuters on Monday, an action they described as "unsafe and unprofessional."
Starting tomorrow, Uber drivers around the country will join protests organized by the union-backed "Fight For $15" organization. But, with autonomous vehicles just around the corner, drivers should be careful what they wish for...
Bail in risk - €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times. Italian banking system looks vulnerable to collapse whether the referendum is passed in Italy or not.
One day after Saudi Arabia raised the prospect that Wednesday's OPEC summit in Vienna may conclude without a deal (which also was spun as optimistic as the market would still revert to "equilibrium", however it was unclear at what price), OPEC members tried on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia.
"There is no doubt that the growing number of Muslims in our country today is testing the tolerance of mainstream society." The 2016 Munich Oktoberfest recorded its lowest turnout since 2001. Visitors reportedly stayed away due to concerns about terrorism and migrant-related sexual assaults. The Federal Statistics Office reported that the birthrate in Germany reached the highest level in 33 years in 2015, boosted mainly by babies born to migrant women.
On Sunday two former prime ministers - Fillon and Juppe - are facing off in a runoff vote for France's center-right presidential nomination, with the victor expected to face a showdown against a resurgent Marine Le Pen in the May 2017 presidential election. Voting opened at 8 a.m. and was set to close at 7 p.m., with the first results likely up to an hour and a half later.