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Spanish Stocks, Bonds, Euro Sink After Catalan Referendum Fiasco; S&P Futures Rise

Spanish Stocks, Bonds, Euro Sink After Catalan Referendum Fiasco; S&P Futures Rise

While S&P futures were modestly higher, rising 0.1% in a quiet session in which China, South Korea, India and Hong Kong were closed for holidays, the Euro, Spanish stocks and bonds were broadly lower as Spain faces its worst constitutional crisis in years following a dramatic, violent crackdown on Sunday's Catalan independence referendum in which 89% of the voters wanted to secede from Spain.

Tom Price Resigns As HHS Secretary Amid Private Jet Scandal

Tom Price Resigns As HHS Secretary Amid Private Jet Scandal

As part of the growing private jet (ab)use scandal that has recently rocked the Trump administration, on Friday afternoon the White House announced that Secretary of Health and Human Services Tom Price offered his resignation and President Trump has accepted, according to the Press Sec. office.

Full White House statment below:

Statement from the Press Secretary

 

Vietnam Shows How To Clean Up The Banking System: Ex-Banker Sentenced To Death For Fraud

Vietnam Shows How To Clean Up The Banking System: Ex-Banker Sentenced To Death For Fraud

The lack of prosecution of US bankers responsible for the great financial crisis has been a much debated topic over the years, leading to the coinage of such terms as "Too Big To Prosecute", the termination of at least one corrupt DOJ official, the revelation that Eric Holder is the most useless Attorney General in history, and of course billions in cash kickbacks between Wall Street and D.C.

Dollar Ends Best Week Of The Year With A Whimper As Global Stocks Push All Time Highs

Dollar Ends Best Week Of The Year With A Whimper As Global Stocks Push All Time Highs

The dollar rally paused on Friday and looked poised to finish its best weekly gain of the year with a whimper, when in a repeat of the Thursday session the, Bloomberg dollar index first rose more than 0.1% during Asia hours before slumping around the European open as month and quarter-end flows came into play again.

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