All traders will be on deck for Friday, July 6th when we not only get June payrolls, but growing trade wars culminate as the US is set to launch 25% tariffs on $34 billion of Chinese imports, provoking instant retaliation.
"50% of the African youth is younger than 25... a treasure trove for the global companies to reap known as the 'demographic dividend'... If they cannot capitalize on them in Africa, they have to bring them to Europe, as we see happening now. The current migration process which goes by the name of crisis is engineered and promoted by an influential lobby."
"It’s not a happy start to the second half. Trade war concerns, U.S. sanctions, Trump’s rants and political problems in Europe, as well as worries about slowing emerging-market growth are all playing their part." - Saxo's Ole Hansen.
Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are dark clouds...
With the "smart" money exiting the stock market in droves, yield curves collapsing, and continued extreme speculative positioning, the possibility of a crash is rising. Here are the cheapest way to hedge against a market shock.
According to Loop Capital, the relatively cheap acquisition - Amazon paid only $1 billion for this critical market entry - is a "Trojan horse" for Amazon to become a major pharma player.
On the last day of a volatile, tumultuous quarter European stocks rebounded sharply after an EU migrant deal was struck, and following a broad rally in Asia on hopes for further Chinese easing, however news that Trump may pull the US from the WTO promptly capped further upside.
Tougher Federal Reserve stress tests forced six U.S. banks to scale back proposals for doling out more cash to shareholders... and failed Deutsche Bank...
The world’s largest hedge fund, Bridgewater Associates, has long been tightly controlled by its founder, Ray Dalio, and his top two lieutenants. That is about to change.
