Global markets came off record highs, trading subdued, with US index futures unchanged as traders are unwilling to make major moves ahead of today's ECB minutes and tomorrow’s NFP release, and before speeches by central bankers including SF Fed President John Williams and the potential next Fed chair Jerome Powell, as well as ECB executive board members Peter Praet and Benoit Coeure.
As we reported yesterday, Austria was set to make Eurozone history with the first sale of a 100 year bond direct to public markets, bypassing private syndication. It did that later in the day, when the €3.5 billion offering priced tighter than initially marketed, at RAGB 2/2047 +50, at a price 99.502 to yield a paltry 2.112% and with a negligible 2.1% cash coupon.
With all the talk of hurricanes now officially behind us (at least for now), the media was once again able to return to its favorite topic at today's daily press briefing with Sarah Sanders: Russia. And with Steve Bannon recently referring to it as the biggest mistake "in modern political history," today seemed like the perfect time to once again ask Sanders for her thoughts on the Comey dismissal.
Content originally published at iBankCoin.com
I will not pretend to be a scientist in this blog, or even claim to know the very first thing about global warming or lack thereof. I am more interested in human narratives, how they are woven, and the basis from which they were formed. Just like in stocks, when listening to an analyst, I like to know the historical performance of his/her previous picks.
By Chris at www.CapitalistExploits.at
Last week, China bypassed the World Trade Organisation agreements and using an old law officially launched a probe into Americas intellectual property practices.
China's foreign affairs minister, talking of America, stated that:
"We’ve come to the conclusion that they’re in an economic war and they’re crushing us.”
Reiterating this stance, a Chinese Communist Party spokesman went on to say: