Considering that in the past 3 months the only daily topic of relevance for the media has been "Donald Trump" both in the US and abroad, one would assume that when it comes to global policy uncertainty the primary source would be, record S&P 500 paradoxically notwithstanding, the United States.
European scientists have warned of a possible nuclear “incident” in the Arctic circle after finding radioactive Iodine-131 over large parts of Europe. According to the Institute for Radiological Protection and Nuclear Safety, scientists do not know the origins of the radiation and are worried that its detection in Europe may indicate some kind of nuclear incident in the vicinity of the Arctic circle.
Trump Is Playing You
Note: Soren K is a group of 4 writers to whom I contribute on commodity market posts-Vince Lanci
Written by Soren K and MarketSlant.
On Sunday we reported that concerns have spread in Europe about a potential nuclear "incident" following a recent report by a French nuclear watchdog agency - the Institute for Radiological Protection and Nuclear Safety (IRSN), the French national public expert in nuclear and radiological risks - that radioactive Iodine-131 had been observed across much of northern and central Europe. Since the isotope has a half-life of only eight days, the detection was an indication of a rather recent release. As the Barents Observer added, "where the radioactivity is coming from is still a mystery."
In this holiday-shortened week, attention will be on the US FOMC minutes, housing data and consumer confidence. There will be GDP, PMI and inflation releases across the Euro Area as well as the latest Greek Eurogroup meeting. Look for GDP and public finances data in the UK. In emerging markets, there are monetary policy meetings in Brazil, Colombia, Korea and Kazakhstan.
Watch Fed minutes for more clarity on March FOMC