In case you were starting to lose your fearmongered concerns, The US State Department has come to the rescue with a travel alert for visitors to Europe warning of "the continued threat of terrorist attacks."
Travel Alert - Europe
May 1, 2017
The Department of State alerts U.S. citizens to the continued threat of terrorist attacks throughout Europe. This Travel Alert expires on September 1, 2017.
Marine Le Pen will attempt to defeat Emmanuel Macron on May 7th, but the odds aren't in her favor.
The former Rothschild banker, who literally had an affair with his teacher 25 years his senior when he was 15 (called pedophilia in most countries), eventually married her and moved in with her children that were his age and older, is set to become France's youngest President ever. How wonderful.
Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics - the decisive runoff round of the French election takes place this Sunday - this week's releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs.
With much of Europe and Asia, including the U.K., France, Germany and China markets closed for Labor Day, Asian stocks and the dollar rose buoyed by news that Congress had reached a deal to keep the US government funded through the end of September. S&P futures are up 4 points or 0.2%. Oil declined as rigs targeting crude in the U.S. rose for a fifteenth week and output from Libya rebounded.
That Italy has a bank solvency problem will not come as a surprise to anyone who has been following events in Europe for the past 7 years.
Just yesterday, Italian daily La Stampa reported that four months after the third government bailout of Italy's third largest bank in as many years, the Italian government may have to inject even more cash than planned into Monte Paschi, the world's oldest and apparently always insolvent bank.