Europe

Back in November 2008, then Russian president Dmitry Medvedev made a stark warning to NATO: "Russia will deploy Iskander missile systems in its enclave in Kaliningrad to neutralize, if necessary, the anti-ballistic missile system in Europe."

Submitted by James Burgess via OilPrice.com,

After French media accuses government of hypocrisy, French Energy Minister Segolene Royal is discussing with French parliament a potential ban on the import of U.S. shale gas.

• Clinton loss in West Virginia signals trouble in Rust Belt (Reuters)
• GOP hopefuls struggle with support of Trump (Hill)
• Brazil Impeachment Vote May Spell Rousseff's Last Day on Job (BBG)
• Staples-Office Depot Merger Collapses After Block by Judge (BBG)
• Tumbling Banco Popolare leads Italian bank shares lower  (Reuters)
• Queen Caught on Camera Describing 'Very Rude' Chinese Officials (BBG)
• Hardcore Bear ETFs Poised to Swell Past Bulls as Inflows Surge (BBG)

One day after the biggest jump in stocks in two months on what has still been an undetermined catalyst, overnight global equities did a U-turn with European stocks falling toward a one-month low and U.S. stock index futures declining, as crude oil dropped toward $44 a barrel. A driver the move lower was a sharp reversal in the USDJPY which dropped 100 pips from yesterday's highs which took places just as Goldman predicted the USDJPY has finally bottomed, facilitated by a weaker dollar (also following a Goldman report yesterday forecasting the USD was about to surge).