Europe

• Italian Bank Deal Raises Questions About Eurozone Rules (WSJ)
• UK PM May strikes $1.3 billion deal to get Northern Irish DUP support for her government (Reuters)
• Nestle Targeted by Dan Loeb in Activist’s Biggest-Ever Bet (BBG)
• Nestle 'committed' to strategy as activist investor moves in (Reuters)
• Troubled Air-Bag Maker Takata Files for Bankruptcy (WSJ)
• Merkel’s Election Opponent Slams Her for Being Too Nice to Trump (BBG)
• Berlusconi Stages Comeback to Frontline Politics (BBG)

S&P futures point to a higher open following gains in Asian markets supported by stronger commodities but mostly European bourses, which are sharply higher following the €17 billion bailout of the two Veneto banks in Italy, the biggest taxpayer funded bank rescue in modern Italian history, as well as Dan Loeb's activist campaign of the world's biggest food company, Nestle which sent the stock up 5%, and finally Germany's Ifo business climate index which hit new all time highs.

Authored by Guy Milliere via The Gatestone Institute,

From Keith Decker of IceCap Asset Management

“The Beautician”

In 1888, Martha Matilda Harper became the world’s first professional beautician. In addition to inventing the first reclining shampoo chair, Ms. Harper became famous for opening the first ever, stand alone beauty salon.

Next up to dominate the industry was Elizabeth Arden. Her success was founded upon expanding the salon concept to 1000s of stores around the world, and for the distribution of her self made products, most notably lipstick.

Authored by YaleGlobal Online via OilPrice.com,

China’s Belt and Road Forum, hosted with great fanfare, signals the priority of this flagship connectivity initiative while also underlining its credentials as the new “shaper” of global trends and norms. Exhorting all countries to participate, Chinese President Xi Jinping suggested that “what we hope to create is a big family of harmonious co-existence.”