Europe

After it publicized former Fox News host Bill O'Reilly’s history of harassing female colleagues earlier this year, prompting Fox to dismiss the longtime primetime host, the New York Times claimed the scalp of another powerful media titan last week when it published a bombshell story exposing Harvey Weinstein’s lurid history of sexual harassment and coercion. After the story was published, Weinstein’s career crumbled as he quickly became persona non grata in an industry that he had dominated for nearly 30 years. Lawyers and advisers denounced him.

Last week, the US Treasury Department issued its second of four reports related to President Trump’s Executive Order 13772 (on regulation in alignment with the Core Principles). The first report was on Banking, this report is on the Capital Markets, and other reports will follow over the coming months (including on asset management, insurance, products, vehicles, non-bank financial institutions, financial technology, financial innovation, and others).

In the traditionally quiet post-payrolls week, attention will focus on the US CPI report, retail sales and FOMC minutes as well as the Catalonia vote and Eurozone industrial production. Separately, we have UK construction, Chinese PMIs, Japanese BoP and inflation in the Scandies.

A breakdown of the key events this week from BofA:

With no North Korean nuclear test over the weeknd contrary to a Friday morning rumor, S&P futures rebounded and edged higher as European stocks gain, led by Spanish shares after mass demonstrations in favor of Spanish unity and speculation Catalonia may back down on unilateral independence demands, while Chinese mainland stocks reopened catching up to gains missed during the holiday week following last weekend's RRR cut.

Authored by Soeren Kern via The Gatestone Institute,