Researchers in Sweden have started a clinical trial to assess whether a prostate cancer drug could help prevent or lower the risk of paedophiles committing sexual abuse. The £1,000 a year drug called degarelix was found to have the side effect of reducing sexual arousal by stopping the production of testosterone The drugs trial at Stockholm’s Karolinska Institutet will involve 60 patients have sought help for paedophile fantasies, but have not acted on them.
Two weeks after Austria's dramatic result in its first round presidential elections which saw the right wing, anti-immigrant Freedom Party sweeping its competition, gathering over 35% of the vote and leaving the other five candidates far behind, moments ago Austria unveiled the latest casualty from Europe's anti-refugee, right wing revulsion when the country's Chancellor Werner Faymann resigned after losing the support of his colleagues in the Social Democratic party.
The overnight session has been one of alternative weakness and strength: it started in China where stocks tumbled 2.8% to a two month low following an unexpected warning in the official People's Daily mouthpiece that debt and NPLs are too high, not to expect more easing will come, and that the Chinese Economy’s performance won’t be U- or V-shaped but L-shaped.
With stocks the biggest beneficiary of the late January "Shanghai Accord" (that shall not be named), it stands to reason that the US Dollar was the biggest loser. Sure enough, overnight the WSJ writes that the "powerful rallies that have lifted stocks, crude oil and emerging markets for the past three months have one important thing in common - the falling dollar - and investors are growing anxious that it could prove to be the weak link."
But is a strong dollar about to make another appearance and unleash the next leg lower in risk assets?