"Nordstream, along with Turkish Stream and potentially a revived Southstream into Bulgaria represent an existential threat to U.S. control over European politics and its economy. So, it’s no wonder why the U.S. is taking such a hard-line approach to Nordstream 2."
"Trump’s strategy seems to be to force us to buy their more expensive gas, but as long as LNG is not competitive, Europe will not agree to some sort of racket and pay extortionate prices," an EU official said.
With Walmart unofficially set to close Q1 earnings season, all attention will remain glued on the interplay of the rates-dollar-oil trio, and judging by the somber overnight market action, traders are not too excited with the ongoing meltup in all three.
It's another "glass is half full" moment for global markets as Asian and European markets and S&P futures, are heading into the new week solidly in the green on renewed hopes a deal can be reached between the U.S. and China to avoid a full-blown trade war. The optimism won't last.