Russia and China vetoed a UN Security Council resolution on Monday that called for a seven-day ceasefire in Syria’s Aleppo. Russia argued that a truce would only permit the militants to regroup and that the subject required further talks between Moscow and Washington. Russian Foreign Minister Sergey Lavrov described the draft resolution as “counterproductive” British U.N.
As BofA's rates strategist Ralf Preusser writes in a note this morning, "not even a month since the US election and markets seem unrecognizable" adding that the Trump election represented a paradigm shift. Fiscal easing would take over from monetary easing and would allow for the dollar and rates to rise in unison, a trend not seen for a while.
Blink, and you missed the "sell off" from Italy's failed referendum vote.
Submitted by Koos Jansen from BullionStar.com
Fitch Ratings' outlook for the Chinese banking sector in 2017 is negative, reflecting our view that weak profitability and strong credit growth will keep capitalisation under pressure. High and rising leverage in the corporate sector remains a key risk facing China's banks.