The Financial Times reminds readers of something that has occurred numerous times throughout history when leaders lose the support of their people... "The president may exploit an overseas conflict to distract from problems at home..."
Authored by Gideon Rachman via FT.com,
Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High
The global risk-off mood accelerated overnight on Trump "stability concerns", coupled with fallout from the Spain terrorist attack and lingering North Korea tensions, even if the VIX is off its latest highs, trading just above 15. Investors fled into German and U.S. Treasury bonds and bought gold for the third day in a row, as the appeal of such top-notch assets grew further due to a deadly attack that killed at least 13 people in Barcelona.
Around the world, few people trust Russian President Vladimir Putin to do the right thing when it comes to international affairs. A global median of roughly one-in-four (26%) say they have confidence in the Russian leader. However, as KeepTalkingGreece reports, Greeks love the Russian President; much more so in fact than US President Donald Trump.
European stocks are offering the biggest discount on record relative to U.S. peers, according to one metric.
Members of the Stoxx Europe 600 Index are trading at 1.8 times the value of their assets, almost half that of S&P 500 Index constituents, the largest gap since Bloomberg started tracking the data in 2002.