Despite a resurging stock market and stabilized bond risk premia (cough Draghi cough), EurActiv reports the proportion of children living below the poverty line in Spain has increased by 9 percentage points between 2008 and 2014, to reach almost 40%.
The key economic releases in the US this week are ISM manufacturing on Monday, ISM non-manufacturing on Wednesday, and the employment report on Friday. The minutes of the March FOMC meeting will be released on Wednesday, while several Fed officials are scheduled to speak this week. The meeting between Trump and Xi set for Thursday and Friday at Mar-A-Lago will likely attract significant attention.
The ink has yet to dry on Theresa May's Article 50 signature from last week which officially started the UK's 2-year long divorce from the EU, and already Europe has been traumatized by comments from former Conservative leader Michael Howard, who suggested that Theresa May is be prepared to go to war to protect Gibraltar.
"...the US Shale revolution will accelerate the breakdown of the global order as we know it, reshaping global geopolitics, leading to three major conflicts - Russia vs. Europe, Iran vs. Saudi Arabia & an Asian Tanker War"
European lawmakers voted to force Americans to apply for visas when traveling to Europe in response to Washington refusing to allow all Europeans to travel to the States visa-free. The vote by show of hands is the latest in the ongoing “visa war” between Brussels and the US capital.
No other nation has plunged even nearly as steeply in Americans’ favorability as did Russia, during Obama’s second term. What is especially important to note regarding the plunge in Americans’ approval-rating for Russia is that it didn’t occur only after, but started well before, those events in Ukraine in 2014; it started at the very end of Obama’s first term, in 2012.
The epidemic of Russophobia makes it almost impossible to pursue normal relations. Indeed, in reaction to the constant attacks on them as poodles of Putin, the White House seems to be toughening up toward Russia...