S&P 500

• S&P 500 Futures Signal Rally Ebbing; Bonds Decline in Europe (BBG)
• Oil prices capped by doubts OPEC-led cut will end glut (Reuters)
• Fed Minutes to Be Parsed for Insight on Inflation, Jobs (WSJ)
• Trump keeping 'open mind' on pulling out of climate deal (Reuters)
• Trump Raises Prospect of Keeping Ties to His Firms (WSJ)
• Obama's not-so-secret admirer: Donald Trump (Reuters)
• Facebook’s Fake News Crackdown: It’s Complicated (BBG)
• Iran warns of retaliation if U.S. breaches nuclear deal (Reuters)

In a quiet overnight session in which Japan was closed, European shares are mixed as financials and auto weigh, Asian stocks rise led by materials while S&P futures little changed against a backdrop of the continuing commodity rally with oil holding near $48 a barrel, up fractionally on the session. Against a basket of currencies, the dollar index was up slightly at 101.12, very close to a 14-year peak. The dollar also kept most of its recent hefty gains on the yen at 111.05 though it has met resistance around 111.35 in the last couple of sessions

Submitted by Jeffrey Snider via Alhambra Investment Partners,

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Gold Signals Trump Is No Different

Posted with permission and written by Dave Kranzler & Rory Hall

The good news is that Hillary lost but the bad news is that Trump won.

European and Asian stocks rose after the early scare from the latest Fukushima quake dissipated when all Tsunami warnings were cancelled. The global risk on mood was spurred by another jump in crude, which was up 1% in early trading, with the commodity complex now enjoying its biggest three-day rally since May, after Nigeria signaled optimism that OPEC will agree a supply-cut deal next week in Vienna. S&P futures are up 0.3%, with the cash index set to open at new record highs.