European stocks are modestly in the green as gains in banks and oil companies offset declines in miners. Asian stocks and S&P futures rise with Emerging-market stocks extending their longest winning streak since August on the back of the 5th consecutive daily drop in the USD.
Global markets start the week mixed with Asian stocks rising (Japan was closed for holiday), European stocks sliding, weighed down by declines in oil-and-gas shares and banks, and S&P500 futures also down. The dollar fell to a six-week low, falling four days in a row for the first time since early November as G20 leaders scrap a long-standing commitment to reject all forms of trade protectionism, suggesting the "weak Dollar" camp in Trump's inner circle is winning.
The U.S. policy of "strategic patience" with North Korea has ended, Secretary of State Rex Tillerson said in South Korea on Friday quoted by Reuters, adding that military action would be "on the table" if North Korea elevated the threat level. Tillerson said that 20 years of trying to persuade North Korea to abandon its nuclear program had "failed" and that he was visiting Asia “to exchange views on a new approach.”
A quiet start to today's quad-witching St. Patrick's day, with European stocks mixed, Asian shares and U.S. index futures (-0.1%) little changed ahead of industrial production data with just Tiffany's set to report earnings.
On the heels of yesterday's McCain meltdown exclaiming that Rand Paul "is now working for Vladimir Putin," the Kentucky Senator released a short statement...