Even as attention has turned once again to Italy as the next possible source of European financial contagion, Spain's sixth largest bank has found itself in freefall over the past few days as concerns grow that the bank may be liquidated unless a last-minute buyer, or source of capital, emerges.
The day after Trump pulled out of the Paris Climate Accord, stocks are set for new all time highs with S&P futures up 0.2%, boosted by green markets across Europe and Asia, where the Nikkei rose above 20,000 for the first time since 2015. World stocks are set for new record highs, having already gained 11% so far this year, ahead of today's US nonfarm payrolls which are expected to increase by 185,000 jobs after surging 211,000 in April.
Authored by Peter Korzun via The Strategic Culture Foundation,
The recent NATO summit took a decision to formally become a member of the US-led coalition fighting the Islamic State (IS), in addition to its training mission in Iraq.
Authored by Ben Hunt via EpsilonTheory.com,
Michael Corleone: I saw a strange thing today. Some rebels were being arrested. One of them pulled the pin on a grenade. He took himself and the captain of the command with him. Now, soldiers are paid to fight; the rebels aren’t.
Hyman Roth: What does that tell you?
Michael Corleone: They could win.
Amid a cacophony of autistic screeching from the left following Trump's decision to pull out of the Paris Climate Accord, at least one Democrat stands strong behind the President. Senior ranking Democrat Senator from West Virginia, Joe Manchin, issued a statement saying he 'does not believe that the Paris Agreement ensures a balance between our environment and the economy.'