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Frontrunning: January 21

  • Global Stocks Face Fresh Losses (WSJ)
  • European stocks lick wounds after mauling, oil steady (Reuters)
  • Hang Seng Index Sinks Below Net Assets for First Time Since 1998 (BBG)
  • U.S. Hedge Funds Boast Lower Losses as Markets Tumble Further (NYT)
  • Deutsche Bank Drops as Investment Bank Revenue Concerns Mount (BBG)
  • Islamic State Uses Syria’s Biggest Dam as Refuge and Potential Weapon (WSJ)
  • Goldman-run funds most popular with Republican candidates, disclosures show (Reuters)

Markets In TurmOIL: Futures Plunge, Japan Enters Bear Market, Crude And Commodity Currencies Crash

Markets In TurmOIL: Futures Plunge, Japan Enters Bear Market, Crude And Commodity Currencies Crash

It all started early last night when the front month oil contract dipped below $28 giving a taste of what was to come. It was all downhill from there.

First Chinese stocks ended the recent ramp higher, with the Shanghai Composite closing down 1% back under 3000, then Japan's rout accelerated with both the Nikkei (-3.7%) and the Topix Index sinking into bear markets, both falling more than 20% from their 2015 highs.

Washington Unveils Investigation Into "Russian Meddling" In The EU

Submitted by Danielle Ryan, op-ed via RT.com,

News broke last Saturday evening that the United States is to conduct a “major investigation” into how the Kremlin is “infiltrating political parties in Europe” amid “mounting concerns” of a new Cold War.

The exclusive, which was published by the UK’s Telegraph newspaper, revealed that James Clapper, the US Director of National Intelligence has been instructed by Congress to begin the major review into Russia’s “clandestine” funding of EU parties over the last decade.

Obama Arms ISIS With Chemical Weapons In Europe, As Prophet Predicted

Russia have accused America of arming ISIS militants in Europe with deadly chemical weapons, which they say will be used on the people of Europe in order to instigate a huge civil war.  A report circulating in the Kremlin says that the U.S. Army contracted 17 biological and chemical weapons companies to expand the bio-chemical weapons programme in Europe, which Putin has said puts Russia and the rest of Europe at “grave risk” from the weapons falling into the wrong hands.

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