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Market Not Happy With Fillon Statement: Spread To Germany Spikes

Market Not Happy With Fillon Statement: Spread To Germany Spikes

Just as ECB President Mario Draghi states unequivocally that ECB QE policy has worked and has "eliminated fragmentation," French presidential candidate Fillon's apologetic press conference has sparked major disturbances in the core of Europe... fragmenting France from Germany by themost since September 2012...

Initial relief quickly turned to selling panic...

 

Sending OAT yields to their widest to Bunds since September 2012.

China Unveils New Ballistic Missile Capable Of Hitting Taiwan, US Bases In Asia

China Unveils New Ballistic Missile Capable Of Hitting Taiwan, US Bases In Asia

Two weeks after China allegedly unveiled a new ICBM system "in response to Trump's provocative remarks", a report which however was subsequently denied by Chinese officials, China had no qualms about revealing another highly accurate ballistic missile in recent Rocket Force drills, which is capable of threatening not only Taiwan and the contested South China Sea islands, but also U.S. and Japanese bases in Asia.

Fillon Apologizes For Employing His Family, Vows To Keep Campaigning With Renewed Energy

Fillon Apologizes For Employing His Family, Vows To Keep Campaigning With Renewed Energy

With some speculating that French presidential candidate Francois Fillon, mired in a growing political scandal involving public payments made to his wife and children for a "fake job", would announce a resignation at a 4pm conference, moments ago the former frontrunner for the French presidency defended himself as Reuters suggested, and stated that he has "nothing to hide", that his wife’s salary was “perfectly justified” and that he has been the subject of unprecedented political attacks.

Is The Trump Administration Already Over? — Paul Craig Roberts

Is The Trump Administration Already Over?

Paul Craig Roberts

Hopes for the Trump administration are not burning brightly. Trump’s military chief, Gen. Mattis, is turning out to be true to his “mad dog” nickname. He has just declared that Iran “is the single biggest state sponsor of terrorism in the world.” https://sputniknews.com/politics/201702041050338034-mattis-iran-terrorism/

He has declared Russia to be the number one threat to the US.

He has threatened intervention in China’s territorial affairs.

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