Europe

Having gone all-in on a Hillary Clinton victory ahead of the elections, Saudi Arabia has quickly pivoted in its "appreciation" of the Trump administration, and having realized that the fastest way to Trump's heart is through the US Treasury's bank account, it is preparing to invest an "unprecedented" amount of money in the US. According to Bloomberg, the Kingdom’s sovereign wealth fund will announce plans to "deploy as much as $40 billion into U.S. infrastructure." The investment will likely be unveiled as early as next week when Trump is scheduled to visit the kingdom.

Used to a fawning press corps and clueless politicians, perhaps Mario Draghi was expecting a warm greeting, a series of softball questions from Dutch lawmakers, and some late night entertainment on Wednesday when the ECB president made a rare visit to the Hague.

Authored by Soeren Kern via The Gatestone Institute,

We start with the overnight observations by Mint's Bill Blain who points out something contradictory: on one hand Europe is said to be "fixed" with inflation expectations rising and the ECB preparing to take its foot off the gas pedal. On the other hand, "European Sovereigns will start issuing long bonds again.... A French 30yr is in the works, Italy and Belgium are both looking, while other rumours say the EFSF might be in the frame. ...

Authored by Paul Craig Roberts,

Marine Le Pen’s defeat, if the vote count was honest, indicates that the French are even more insouciant than Americans.

The week before the election the Russian high command announced that Washington had convinced the Russian military that Washington intended a preemptive nuclear first strike against Russia. No European leader saw danger in this annoucement except Le Pen.