Asia

European stocks rose as the euro tumbled following Germany’s election result which was dubbed a "Nightmare Victory" for Merkel and could lead to potentially complicated coalition talks and perhaps even another early election. U.S. equity-index futures point to a lower open, while Asian equities slide after a plunge in Chinese property developer names over worries of new real estate curbs as well as tech stocks following more iPhone delivery concerns. S&P500 futures are steady, down slightly by just over -0.1%, after closing little changed on Friday.

Via The Daily Bell

Does a nation have to be location based? What if one house in San Francisco, one city block in South America, and a villa in Asia were all part of a decentralized nation?

What would make it a nation? A unique culture. A set of values. Mutual aid. Even its own currency.

That is the ultimate goal of co-founder of Serendipia Nest, Jean-Loïck Michaux, or as his friends call him, J-LO.

Earlier we showed that in a striking lack of enthusiasm for Apple's latest offering, the iPhone 8 which went on sale today, there were just two people in "line" in front of an Apple store in China: less than the security guards at the same location.

Unfortunately for Tim Cook, it appears that it was not just China as the entire world appears to have gotten collective cold feet when it comes to Apple's newest gizmo,  because while Apple Stores are usually faced with shockingly long lines on the morning of a new iPhone launch, that wasn't the case today. Anywhere.

S&P futures retreated along with European and Asian shares with tech, and Apple supplier shares leading the drop while safe havens such as gold and the yen rose, as the war of words between U.S. President Donald Trump and Kim Jong Un escalated and North Korea threatened to launch a hydrogen bomb, leading to a prompt return of geopolitical concerns. Trade focus now turns to a planned speech by Theresa May on Brexit (full preview here).

In a stunning blow to the world's most valuable private company (purportedly worth some $70 billion), London's taxi and livery car regulator has said it won't renew Uber's operating license once it expires at the end of the month. The regulator said Uber "is not fit and proper to hold a private hire operator license."

"TfL considers that Uber's approach and conduct demonstrates a lack of corporate responsibilit in relation to a number of issues which have potential public safety and security implications. These include: