Clashes with police erupted as thousands gathered outside the Greek parliament in Athens to protest controversial new austerity measures. MPs in Greece voted in favor of new measures, which will include pension cuts and tax hikes as well as new taxes on internet and TV.
With the Trump vs Clinton showdown set to begin and conclude precisely 6 months from today, the market is finally starting to focus on how either of the two presidential contenders will impact various asset classes. In this vein, over the weekend, Deutsche Bank's Alan Ruskin issued a report on how FX trading will be influenced by politics, noting that the channels through which the coming election will influence the USD are complex and sometimes contradictory - which will probably mute the response to some degree.
Following modest strength in Middle East stocks...
It appears the Sunday night algos are currently positive on a new Saudi Oil Minister. June WTI crude has run Friday's highs stops and pushed up around 2.5% at the open on decent volume...
One wonders what happens when $46 or the Thursday highs are taken out...
Submitted by Claire Bernish via TheAntiMedia.org,
Saudi Arabia, the United States, and their allies have developed a nasty habit of “epidemic” proportions in various military theaters, particularly around the Middle East — bombing hospitals, healthcare facilities, and, in at least one instance, an ambulance. But despite countless pleas from humanitarian organization Médicins Sans Frontières (MSF, Doctors Without Borders), that bombing continues, so the United Nations was finally forced to issue its own resolution on the matter.
The entire population of Fort McMurray in northern Alberta, Canada, were forced to flee a raging wildfire engulfing their city. Dash-cam captures the experience of one driver having to flee with 80,000 other residents as the fire moved from the outskirts into populated neighborhoods on Tuesday. The Mirror reports: The haunting video shows trees engulfed in flame, creating a towering wall of fire as the vehicles carefully edge forward seeking safety.