Roughly at the same time as today's French election narrative shifted again as traders started paying attention to the suddenly surging in the polls far-left candidate Jean-Luc Melenchon, which pushed the Euro to the lowest level in a month, Goldman has come out with a recommendation to short June OAT futures (OATM7) at 147-72, for an initial target of 144.00, and stops on a close above 150.00,
An alleged Russian hacker, Pyotr Levashov, has been detained in Barcelona at the request of the FBI, an arrest that set cybersecurity circles abuzz after a Russian broadcaster raised the possibility it was linked to the U.S. presidential election, AP reports. A spokeswoman for Spain's National Court said that the Pyotr Levashov was arrested in response to a U.S. computer crimes warrant while a spokesman for the Russian embassy in Madrid confirmed the arrest on Sunday.
S&P futures point to a slightly lower open, while Asian and European stocks are likewise modestly in the red. Trading volumes are muted for most markets on Monday with investors spooked by rising geopolitical tensions in the Middle East and the Korean peninsula. It is also a holiday-shortened week in much of the West. As Bloomberg puts it, there is a "sense of unease" across markets, with global stocks mixed as investors weighed looming security risks and French bonds retreating ahead of the election following the surprising surge of far-leftist Melenchon in the polls.
In the span of just one week, President Trump and his team have pivoted from declaring that Syrian dictator Bashar al-Assad could stay in power, to launching airstrikes against his regime—and possibly committing the United States to a new military conflict whose scope and scale are unknown.
Eleven weeks into his administration, Trump's Syrian airstrikes appear to have achieve what until last night appeared impossible: unite much of Congress in support of a Trump decision.
As Bloomberg report, U.S. lawmakers mostly expressed support for Trump’s strike against a Syrian airfield in response to an alleged chemical weapons attack, though some cautioned that Congress needs to be consulted on a comprehensive strategy if the strike is a harbinger of things to come.