S&P futures are little changed as the Fed begins its two-day FOMC meeting pushing the VIX below 10, down 1.3% and falling for the 7th day; European shares are lower as is the dollar while Japanese stocks soar on the back of a tumbling yen as a snap election in Japan now appears imminent. Despite the cautious action ahead of the Fed, the The MSCI All-Country World Index rose 0.1% to a new record high.
Despite Japan being closed for holiday, the Yen has started off on the back foot, with the USDJPY rising 20 pips following a weekend Nikkei report that Prime Minister Shinzo Abe has decided to dissolve the lower house with a general election to follow next month, hoping to capitalize on an uptick in public support before the opposition has a chance to regroup and mount a formidable challenge.
Authored by Mike Shedlock via MishTalk.com,
In a bid to appeal to the growing anti-euro sentiment in Italy, three of Italy’s biggest political parties seek a dual currency.
Italy’s leading opposition parties are calling for the introduction of a parallel currency to the euro, which they say will boost growth and jobs.
Authored by Bruce Bawer via The Gatestone Institute,
Even as Germany is increasingly cracking down on criticism of Islam, it appears prepared to give a genuine Islamic terrorist group the opportunity to win seats in its parliament...
Authored by Joshua Caplan via TheGatewayPundit.com,
The length to which Hillary Clinton and her team will go to shift blame onto others for President Trump’s victory last November is stunning.
Adam Parkhomenko, a long time aide to Hillary Clinton, took to Twitter Friday evening to rant about how great his boss’s presidential campaign was in 2016, while taking shots at her primary opponent Bernie Sanders.