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In the aftermath of last week's disappointing G-20 Shanghai summit, there was much riding on this weekend's start of the China's People's Congress, and specifically what if any stimulus announcement Beijing will make; sadly for stimulus addicts China mostly disappointed and after the unimaginative scope of growth proposals, it is hardly surprising that European stocks and US equity futures have taken a leg lower, even if Chinese stocks rose and certain commodities such as Iron Ore soared overnight on hopes China will either "rationalize" capacity or at least build some more roads to nowhere

• Rivals rip Trump but promise support if he is the nominee (Reuters)
• Employment gains seen accelerating in February (Reuters)
• Brazil's Lula Targeted in Police Raid Into Corruption Scandal (BBG)
• Economist: For The ECB, It's No Longer About Oil (BBG)
• China's premier says economy faces greater difficulties in 2016 (Reuters)
• Copper Stockpiles in China Surge to Record as Metal Flows East (BBG)
• Turkish court jails two Syrians over drowning of toddler Aylan (Reuters)

There is an odd feeling of Deja QEu this morning, when with two hours to go until the February payrolls, global stocks are modestly higher, US equity futures are likewise slightly higher on the back of a weaker dollar (or perhaps stronger Euro following a Market News report according to which the ECB may disappoint, more on that shortly), but it is gold that is breaking out, and after entering a bull market yesterday when it rallied 20% from its December lows...

While the market has had its share of bogeymen to worry about so far in 2016, mostly along the lines of the "Four Cs", namely China, Crude, Credit and Currencies, it has so far largely ignored one letter: the Big D, for Donald, as in how would a Trump presidency affect the market. And, as Reuters writes, it is time for Wall Street to add "the juggernaut that is Donald J. Trump to the list of what-ifs that is worrying Wall Street."

• Trump, Clinton capture key wins on Super Tuesday (Reuters)
• Hillary Clinton Triumphs in Delegate-Rich Super Tuesday States (WSJ)
• S&P 500 Futures Follow Oil Lower, Erase Gain After Super Tuesday (BBG)
• Oil below $37 as U.S. inventory rise counters output freeze plan (Reuters)
• Wall Street's big short: President Donald J. Trump (Reuters)
• Ex-Chesapeake CEO McClendon Indicted Over Lease Bid Rigging (BBG)
• Port Sale Highlights Western Australia’s Sinking Fortunes (WSJ)