Europe

Authored by Dr. D via Raul Ilargi Meijer's The Automatic Earth blog,

Part 1 "Bitcoin Is A Trust Machine" here.

A day after labor unions warned that General Electric was planning thousands of job cuts in its troubled power-generation unit, GE confirmed that it’s planning to cut 12,000 jobs globally in its power business as the company’s new leadership tries to revive the company’s moribund stock price.

Once again weakness in the US carried through to Asia with stocks unable to hold any National-Team-inspired gains, but it was the contagion to commodities that was most notable (as a hike in exchange fees snuffed out a lot of speculative fervor)

• European equities have followed suit from their Asia-Pac counterparts to trade higher across the board
• Markets await Brexit headlines amid Barnier deadline
• Looking ahead, highlights include US weekly jobs and potential comments from ECB’s Draghi.

ASIA

Authored by Judith Bergmann via The Gatestone Institute,

President Trump formally declared Jerusalem to be Israel’s capital and directed the State Department to start the process of moving the U.S. Embassy there from Tel Aviv. The move was said to demonstrate Trump’s inclination to prioritize domestic politics over the desires of U.S. allies in the Middle East and Europe who warned the announcement could spark violence in a region that is already a powder keg, with the exception of Israel of course.

Here, courtesy of Bloomberg and Reuters, is a snapshot of the world's response to the historic Trump announcement: