While Russia continues to mostly mock and ridicule, and generally take in good humor the constant allegations by the Obama administration that it "hacked the election", China's reaction to a similar accusation has demonstrated far less sense of humor.
The price of Bitcoin seems to have briefly exceeded the price of gold for the first time this week; however, this comparison is completely arbitrary. Gold remains the only true global money with a size and volatility comparable to that of fiat currency.
Both countries would lose in a full-blown trade war, but it is the United States that has the upper hand. Trump understands this, which is why he is pushing China to get a better deal for America. If China also understands it’s in a weaker position, it will be able to avoid a lose-lose scenario.
"The request by the Chinese authorities to remove our apps is part of their wider attempt to prevent readers in China from accessing independent news coverage by The New York Times of that country," Murphy said.
Asian stocks rose, led by Hong Kong, while European shares and U.S. equity-index futures are little changed. Euro, yen climb as the dollar posted an unexpected loss following some serious fireworks out of China, which intervened in funding market to crush offshore Yuan shorts.
Following another day of upbeat economic data, with growing signs that inflation on both sides of the Atlantic is accelerating, investors rediscovered their faith in the Trumpflation rally, pushing global stocks and US equity futures higher, fuelling a second day of 2017 equity gains ahead of today's release of the Fed's December minutes.
"This will be a very challenged leasing environment almost everywhere. There’s just so much that has hit the market, it is oversaturated with high-end luxury. The consumer is going to have much broader choice at a lower price."