Key Events In The Coming Central Bank-Heavy Week
As DB previews, the April FOMC gathering headlines a crowded economic events calendar this week.
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Europe
Futures Rebound Off Lows Following Chinese Intervention; Oil Dips Ahead Of Fed, BOJ
Ahead of two key central banks events this week, the Fed announcement on Wednesday - in which Yellen is expected to do nothing and most likely will continue the dovish relent first seen a month ago - and then the BOJ on Thursday (which also mark the anniversary of the second longest and most artificial bull market in history) where Kuroda is increasingly expected to shock with something even more ridiculous, global shares have fallen modestly around the world as oil declined on signs a global surplus of crude is likely to persist.
Why Voters Will Stay Angry
From the supporters of Donald Trump to the street protesters of southern Europe, voters around the world are mad as hell. Inequality, immigration, and the establishment's perceived indifference are firing up electorates in a way that's rarely been seen before. As the following charts from Bloomberg show, the forces shaping the disruption of global politics have been building for years and aren't about to diminish...
The world's middle classes are getting poorer
The British Response To Obama "Why Should We Take Advice From A President Who Has Surrendered The World To Chaos?"
Following Obama's stunning foray into UK politics with his anti-Brexit oped (which surprised both the pro and anti-Brexit camp as there was little to be gained from Obama's gracious entrance of an elephant in a UK political China store) on Thursday evening, one person who had a rather visceral reaction was London Mayor Boris Johnson who slammed Obama's "hypocritical" Brexit diatribe and accused Obama "ancestral dislike of the British empire – of which Churchill had been such a fervent defender" on being part-Kenyan.
Now Clinton Urges Britain To Remain In European Union
Hillary Clinton has now stuck her oar into the Brexit debate, throwing her weight behind President Obama who advises that Britain should remain within the European Union (EU). No 10 welcomes latest backing ahead of 23 June referendum Obama has already drawn an angry response for telling the British people that they would be better off remaining within the Union. He has also threatened them with loss of American trade if they dare vote to leave Breitbart reports: But former secretary of state Hillary Clinton is not one of those critics.