Politics

Earlier today, we said that as more sellside commentary on today's startling German election result came out, the knives would be out for the Euro. Sure enough, that's precisely what happened, and nobody captures the sour mood better than SocGen's FX strategist Kit Juckes who writes that "if the election of President Macron suggested to anyone that populism isn't a threat to EU, then today's vote is a wake-up call."

Selected excerpts from his note "European Trouble"

The Russian Defense Ministry has released aerial images allegedly showing ISIS, the SDF, and US special forces working side-by-side on the battlefield against Syrian and Russian forces in Dier ez-Zor, Syria.

The aerial photos of ISIS' territory north of #Deir_ez_Zor where #USA special operation troops are seen https://t.co/lH6u8H9bvZ pic.twitter.com/gjqlQubi9o

On Sunday evening, President Trump announced he would replace his controversial travel ban with a targeted list of restrictions that will enhance vetting for nationals from eight countries, and restrict or prohibit entry of citizens from North Korea and Venezuela among others, to the United States as part of a sweeping new travel ban that also slaps restrictions on Iran, Chad, Libya, Syria, Yemen and Somalia - countries that hardly have a "thriving" tourism industry with the US.

As if the flow of news on this warm September weekend wasn’t hectic enough thanks to President Trump’s decision to pick a fight with professional sports, Politico is out with the latest bombshell report alleging some nefarious act was committed by one of Trump’s closest advisors, his son-in-law, Jared Kushner.

With Venezuela 'almost' defaulting on their government debt this week, Daniel Osorio, of Andean Capital Advisors, has had a front-row seat in the collapse of the socialist utopia, spending at least a week every month in the almost-failed state.

In a brief but fascinating interview on CNBC, Osorio discussed the fact that as Washington unleashes ever tougher sanctions on Maduro, China and Russia are all that's left for the country with the largest proven oil reserves in the world.

Then exposed the realities of living under Maduro's crazed policies: