Asia

S&P futures are higher in early Wednesday trading, alongside Asian stocks and European bourses, both solidly in the green as the EURUSD drifts below the 1.20 "redline" while the dollar rebounds off a two and a half year low following the US "measured" response to North Korea’s missile test, which soothed jittery investors who now turn their focus to US economic data. Equity indexes in Japan, Hong Kong and South Korea also rose while 10Y US Treasuries are steady before the release of ADP employment and GDP data, both of which are expected to show an increase.

Authored by Adam Garrie via TheDuran.com,

What was once mission difficult is now mission impossible - at least for the foreseeable future...

Donald Trump has yet again stated that he seeks to have good or even “great” relations with Russia. Speaking beside Finnish President Sauli Niinisto, Trump stated,

“I hope that we do have good relations with Russia. I say it loud and clear, I’ve been saying it for years: I think it’s a good thing if we have great relationships, or at least good relationships with Russia.

 

On Monday, China’s government and president Xi blessed the merger between the country's top coal miner, Shenhua Group and China Guodian Group, one of the country’s top five state power producers, in a deal that will create the world’s largest power company, worth 1.8 trillion yuan, or $278 billion. Putting the sheer size of the two merged behemoths in context, the resulting entity will be the world’s second-biggest company by revenue and largest by installed capacity.

Authored by Richard Ebeling via The Mises Institute,

Very often bad and failed ideas do not die, they simply reappear during periods of supposed social and political crisis in slightly different intellectual garb, and offer “solutions” that would merely help to bring about some of the very types of crises for which they once again claim to have the answers. Socialism in its various “progressive” mutations represents one of the leading ones in our time.

Authored by Frank Holmes via StockBoardAsset.com,

Summary

• Are government inflation numbers more “fake news”?
• A falling dollar is good for U.S. trade.
• Are you ready for a big fight?