Reuters

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.

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.

It's Time To Start Worrying About China Again

The central bank on Friday increased the interest rates on reverse repo by 10bp - the last time the PBOC raised OMO rates was more than two years ago in 2014. The PBOC also increased SLF rates, in what some have dubbed "the Most Important Unnoticed Global Event."

Over 100,000 Visas Revoked Due To Trump Travel Ban

Over 100,000 visas have been revoked following President Trump’s ban on travel from seven mostly Muslim countries the WaPo reported citing a government attorney in Alexandria federal court Friday.

Caught On Tape: Chaos Erupts At NYU College Republicans Event, 11 Arrested

Woman claiming to be NYU Prof to NYPD:  "Fuck you.  Fuck you.  Fuck you.  These are kids who are trying to learn about humanity.  They're trying to learn about human rights and racism and Xenophobia and LBGTQ rights and you're letting these fucking Neo-Nazis near here.  You should kick their ass."

GoldCore's picture

The Trump administration continues to sabre-rattle at global powers and threatens to disrupt the status-quo of international relations. Comments in just 24-hours by Donald Trump and his team have included attacking an Ivy League university, a nuclear power and two of the United States’ key trading partners.

Frontrunning: February 3

  • Trump Plans to Undo Dodd-Frank, Fiduciary Rule (WSJ)
  •  CEOs to meet with Trump amid tensions (Reuters)
  • Trump’s CEO Brain Trust Meets Amid Widening Rifts (BBG)
  • Business coalition supports border tax (Reuters)
  • Nordstrom winds down relationship with Ivanka Trump brand (Reuters)