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Syria – ISIS Is Defeated – The U.S. Is Next In Line
Washington has already lost the Syrian war once. Now it is about to lose it a second time.
Drawing a stark contrast between himself and his counterpart in the US, Russian President Vladimir Putin made a surprise appearance at Khmeimim Airbase in Syria - which has traditionally been used by the Russian air force - on Monday morning, where he ordered the withdrawal of Russian troops from Syria, now that the ISIS insurgency that once controlled roughly one-third of the country’s land area has been effectively dismantled.
After last week's payrolls report, the year is starting to wind down for economic events and capital markets, but not before one last hurrah for central banks: indeed, it is a very busy week dominated by central bank meetings for the FOMC, ECB, BOE, SNB and Norges Bank. We will also observe the controversial Alabama Senate elections and the EU Council summit on the state of Brexit negotiations. Data-wise, the most important economic update will be Wednesday's US CPI print, as well as industrial production releases in a number of countries including the US and China.
U.S. equity index futures pointed to early gains and fresh record highs, following Asian markets higher, as European shares were mixed and oil was little changed, although it is unclear if anyone noticed with bitcoin stealing the spotlight, after futures of the cryptocurrency began trading on Cboe Global Markets.
The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade in favor of cryptocurrencies, an oil analyst says.
As RT reports, Russia, Iran and Venezuela have more than one thing in common.
All three are major oil producing nations dependent on the dollar since the global crude market is traditionally dominated by contracts denominated in US currency.