Asia

Suddenly Republican tax reform is looking deader than a doornail.

President Donald Trump arrived in South Korea Tuesday for his two-day visit bearing a surprisingly diplomatic message: During a press conference with his South Korean President Moon Jae-in, Trump surprised his audience by delivering a message to North Korea that was unexpectedly conciliatory.

When asked about the monthslong diplomatic standoff between the two nuclear powers, Trump said he thinks the two countries are “making progress” toward a diplomatic solution, while urging the North Korean leadership to “come to the table and make a deal."

The global risk levitation continues, sending Asian stocks just shy of records, to the highest since November 2007 and Japan's Nikkei topped 22,750 - a level last seen in 1992 - while European shares and US equity futures were mixed, and the dollar rose across the board, gains accelerating through the European session with EURUSD sumping below 1.16 shortly German industrial output shrank more than forecast, eventually dropping to the lowest point since last month’s ECB meeting.

Authored by Giulio Meoti via The Gatestone Institute,

Authored by Bryan McBride via Mises Canada,

Is Korea just a smokescreen?