Europe

Authored by Andrei Akulov via The Strategic Culture Foundation,

The EU on Nov.13 officially launched a new era in defense cooperation with a program of joint military investment in equipment, research and development, known as permanent structured cooperation, or PESCO.

Foreign and defense ministers gathered at a signing ceremony in Brussels to represent 23 EU governments joining the pact, which is to become legally binding when signed by heads of state at EU summit in mid-December. 

It's been a while...

The S&P 500 and USDJPY were utterly inseparable today...

Futures show the swings better once again...with the late day fade on Senator Johnson...

European Stocks are back at 2-month lows after falling for 7 straight days - the longest losing streak since early November last year.

This time there is no US election 'surprise' to rescue them!

Given the massive ECB buying program throughout Europe, it is the stock market that is leading the HY bond market lower (after the latter saw spreads crash to a record low 179bps at the start of November)...

US equity markets have rebounded aggressively off their opening plunge on the heels of a sudden magical bid...

Can you guess where from...

Now that Europe is closed - what happens next?

The Deutsche Bank story has evolved rapidly this morning: Bloomberg reports that Deutsche Bank had attracted a “new top investor” in the ongoing process of its endless restructuring, then Handelsblatt tweeted that Morgan Stanley acquired a 6.68% shareholding on behalf of activist investors.