North Korea

Futures Decline, Europe Slumps After German Industrial Orders Collapse

After a turbulent overnight session on Monday morning, this morning traders settle at their desks to find a relatively calmer environment, with US equity futures down 0.2% to 2,371.75, while European stocks fell for a third consecutive day, and Asian markets which closed mixed (China up, Nikkei down, MXAP up 0.2%).

US Begins Deployment Of Controversial THAAD Anti-Missile System To South Korea

Well that escalated quickly. Just a day after North Korea's test firing of 4 missiles towards US bases in Japan, and hours after North Korea warned the world was "on the brink of nuclear war" due to US-South Korea "maneuvers," CNN reports the first pieces of the controversial US-built missile defense system (designed to mitigate the threat of North Korean missiles) arrived at the Osan Air Base in South Korea Monday night, according to the US military.

S&P Futures, Global Stocks, Euro Dragged Lower By Deutsche, Geopolitics, French Election Worries

European shares and S&P futures are modestly lower this morning, dragged down by fresh geopolitical concerns out of North Korea which last night fired 4 ballistic missiles, by renewed political jitters ouf of France where Alain Juppe announced he would not run in the presidential election, from Deutsche Bank whose aggressive equity offering has weighed on local stocks, and from China's announcement over the weekend in which it modestly cut its economic outlook.

Obama Used Cyberattacks To Sabotage North Korean Launches For Years

Three years ago Obama ordered Pentagon officials to step up their cyber-strikes against North Korea’s missile program in order to sabotage missile test launches in their opening seconds. That explains why shortly after various North Korean launches, a large number of the country's military rockets began to explode, veer off course, disintegrate in midair and plunge into the sea.

Frontrunning: March 2

  • Data-Dependent Yellen Running Out of Reasons to Hold Rates Still (BBG)
  • Dollar rises, global stocks hold highs on March Fed rate hike bets (Reuters)
  • Pelosi calls on Sessions to quit after Post discloses Russia contacts (Reuters)
  • Euro-Area Inflation Hits 2 Percent as ECB Debates Policy (BBG)
  • Snap IPO Values Company at Twice Facebook’s Multiple  (BBG)
  • SEC advisory committee to question Snap's transparency for investors (Reuters)

White House Is Exploring Use Of Military Force Against North Korea

An internal White House strategy review on North Korean options includes the possibility of both military force and regime change to counter the country’s nuclear-weapons threat, the WSJ reports, a prospect that has some U.S. allies in the region on edge.

Frontrunning: March 1

  • Stocks Jump as Investors Eye March Rate Increase, Trump Speech (WSJ)
  • A softer side of Trump (Reuters)
  • Trump’s Softer Tone Masks Hard Road Ahead for Agenda in Congress (BBG)
  • President Asks Lawmakers to Unite Behind His Agenda (WSJ)
  • Left Out of Trump's Big Speech, Russia Wonders What It Means (BBG)
  • EU to Reject Trump's Protectionism at Summit, Draft Shows (BBG)

Neocon Or Isolationist? Who Cares! The Future Is All About Russia, Iran, And China

"The best-case scenario has come about, which is to say the end of a world facing the specter of a mushroom cloud. With Hillary Clinton's defeat, we avoided a nuclear denouement stemming from a direct clash with Russia in Syria and an escalation of the conflict in Ukraine. Unfortunately the good news ends here."

With All Eyes On Trump Tonight, US Futures, Global Stocks Hug The Flatline

With traders focused on President Trump's address to Congress tonight where he is expected to outline his economic priorities and provide plan details, European stocks are little changed for a second day and Asian stocks decline modestly as U.S. futures trade around the flatline. Oil declines, while the dollar is little changed.