Ugly jobs data (hopefully transitory), uglier energy industry data, and ugliest comments from Trump on throwing away any fiscal restraint with the debt-ceiling bathwater left the dollar down, stocks lower, and bonds and bullion bid...
After laying waste to much of the Leeward Islands and leaving most of Puerto Rico without power, Hurricane Irma is continuing its destructive march through the Caribbean which is expected to culminate with landfall in Miami sometime this weekend.
As we noted yesterday, Irma's catastrophic 185+ mph winds left 90% of the dwellings on the island of Barbuda completely leveled, according to Prime Minister Gaston Browne.
S&P futures are flat, still spooked by the WSJ's report that Gary Cohn will not be the next Fed chair, while both European stocks and Asian shares gain in a overnight session on edge in which everyone is looking forward to today's main risk event: the ECB meeting and Draghi press conference due in under two hours. The dollar continued to weaken against most G-10 peers as tensions over North Korea, concerns over Stan Fischer's resignation and the increasingly cloudy Fed outlook outweighed positive sentiment from the US debt ceiling extension.
Authored by Alistair Crooke via ConsortiumNews.com,
Is Israeli Prime Minister Netanyahu pushing the panic button over the collapse of the Saudi-Israeli jihadist proxies in Syria and now threatening to launch a major air war...
Earlier today, we reported that Deutsche Bank CEO John Cryan called for an end to Europe’s cheap-money policies and asked that the European Central Bank not use the strengthening euro as an excuse to keep printing money...
According to Bloomberg, Cryan said that the bank is “seeing signs of bubbles” across capital markets while low interest pummel European banks’ earnings.