presidential elections

Update: The market was modestly spooked as Transport Minister Delrio appeared to confirm Renzi's resignation will occur on a 'no' vote...

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In what appears to be a material shift in the perceived OPEC balance of power, while Iran (and Iraq) have so far refused to concede to Saudi demands for production cuts, moments ago Reuters reported that in what can only be described as a demonstration of power, Iran proposed that it be Saudi Arabia that foots the entire proposed production cut, by reducing its own production to 9.5 million barrels.

Following last weekend's latest latest "stunning" political outcome, in which French former PM Francois Fillon trounced pollsters' favorite Alain Juppe in the first round of the French conservative primary and which saw the latest political career termination for former president Nicolas Sarkozy, on Sunday the two former prime ministers are going head-to-head in a runoff vote for France's center-right presidential nomination, with the victor expected to face a showdown against a resurgent Marine Le Pen in the May 2017 presidential election.

Source: iaffairscanada.com

When it became clear Trump was about to win the US presidential elections, the value of the Mexican Peso nosedived and lost in excess of 10% overnight. That wasn’t surprising, as Trump had made several anti-Mexico statements in its bid to become the next president of the USA, and the economic repercussions and impact from a ‘cold trade war’ between Mexico and the USA would have been huge.

Authored by Mustafa Akyol via Strategic-culture.org,