United States

Saudi Arabia has issued a formal condemnation of President Trump's recognition of Jerusalem as the Israeli capital and announcement of plans to relocate the US embassy from Tel Aviv to 'the holy city' claimed by both Palestinians and Israelis. The Saudi statement was posted to its D.C. embassy website and circulated via diplomatic channels and the kingdom's social media accounts Wednesday evening. 

Yesterday, President Trump officially announced his “new approach” to the Israel-Palestine conflict that, which instead of bringing peace to the region like he repeatedly promised during the campaign, appears poised to trigger the most destructive periods of Israeli vs Palestinian violence since 2005.

Once again weakness in the US carried through to Asia with stocks unable to hold any National-Team-inspired gains, but it was the contagion to commodities that was most notable (as a hike in exchange fees snuffed out a lot of speculative fervor)

• European equities have followed suit from their Asia-Pac counterparts to trade higher across the board
• Markets await Brexit headlines amid Barnier deadline
• Looking ahead, highlights include US weekly jobs and potential comments from ECB’s Draghi.

ASIA

Authored by Jason Ditz via AntiWar.com,

With the US so heavily committed to supporting Israel, and protecting them from any UN resolutions, it’s always been difficult for the Palestinian leadership to trust the US to be an impartial moderator for peace efforts. Palestinian President Mahmoud Abbas says Wednesday’s move by President Trump to recognize Jerusalem as Israel’s capital has effectively ended that entirely.

Authored by Brandon Smith via Alt-Market.com,