US index futures rose higher into record territory, as European stocks pared muted gains after the EURUSD rose above 1.17, pressuring exporters, while Asian shares were broadly higher, but the main theme of the session was another day of USD weakness.
"I was honored to deliver a letter from President Trump to President Vladimir Putin’s administration. The letter emphasized the importance of engagement in countering terrorism, enhancing legislative dialogue and resuming cultural exchanges."
"President Trump is out of options... Israel, the U.S. and Saudi Arabia have lost the Syrian War and the ramifications of that are immense...Because by losing this war the U.S. has been revealed as a paper tiger incapable of imposing its will on a world which is rapidly recoiling from its dominance."
Markets appear willing to put yetserday's risk reversal behind as they close out the week, with futures rising to 12 points to 2,765 and just shy of session highs, while the Dow finally appears poised to end its losing streak.
It started off well enough, with S&P futures in the green and the Nasdaq set for another all time high, however things quickly turned sour thanks to Daimler's "trade war" profit warning and as investors got spooked about Italy once agian...
After yesterday's surprisingly contained session, in which the priced-in Singapore summit made little impact on markets, so far in today's pre-FOMC session we have seen contained markets with little to note.
"All the risk factors which had been pushed to the back are returning to the fore: uncertainty over U.S.-North Korea talk, U.S.-China trade tension, the Italian political situation as well as concerns about euro-zone growth."