M-16

Beyond the plethora of central bank speakers, market focus will concentrate on Eurozone inflation and US data releases, including durable goods, home sales, and the personal income and spending report on Friday. We also get China PMIs, Japanese CPI and industrial production, the RBNZ meeting and Brexit negotiations (4th). Additionally, there will be monetary policy meetings in Mexico, Colombia, Czech Republic, Thailand and Egypt.

European stocks rose as the euro tumbled following Germany’s election result which was dubbed a "Nightmare Victory" for Merkel and could lead to potentially complicated coalition talks and perhaps even another early election. U.S. equity-index futures point to a lower open, while Asian equities slide after a plunge in Chinese property developer names over worries of new real estate curbs as well as tech stocks following more iPhone delivery concerns. S&P500 futures are steady, down slightly by just over -0.1%, after closing little changed on Friday.

Authored by Adam Andrzejewski via Forbes.com,

Last  week, Attorney General Jeff Sessions announced President Donald Trump's plan to distribute military gear to state and local law enforcement agencies.

The rule change means weapons typically reserved for war-time use – tracked armored (tank-like) vehicles, weaponized aircraft and vessels, grenade launchers, bayonets, and firearms with ammunition of .50-caliber or higher – will start flowing to local law enforcement agencies through the Department of Defense’s 1033 Program.

Jordan has just released the previously suppressed CCTV video footage of last year's heinous attack on 3 Green Berets by a Jordanian soldier and ISIS-sympathizer as they entered a desert facility to conduct training operations as part of a CIA secret program aimed at regime change in Syria.

Last week we reported the following:

It's set to be a busy week with a a jam-packed agenda for central bank watchers, with speeches due from Janet Yellen, Mario Draghi, Mark Carney, Haruhiko Kuroda and more. Economic data may also drive momentum in financial markets, with closely watched reports due on inflation, employment, manufacturing and housing from China to the U.S. We also have GDP, durable goods and consumer confidence in US, industrial production in Japan and confidence indexes in EA

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