Authored by Chris Hamilton via Econimica blog,
(The following was written as an outline for a potential book. To this point no publisher has shown interest and time and funds have run out.)
On Sunday, in its most explicit warning to Donald Trump not to revise the terms of the Nuclear Deal - something the US president is expected to do over the coming days - Iran warned the United States that U.S. regional military bases "would be at risk" if further sanctions were passed.
In the traditionally quiet post-payrolls week, attention will focus on the US CPI report, retail sales and FOMC minutes as well as the Catalonia vote and Eurozone industrial production. Separately, we have UK construction, Chinese PMIs, Japanese BoP and inflation in the Scandies.
A breakdown of the key events this week from BofA:
Perth Mint Gold Coins Sales Double In September
With no North Korean nuclear test over the weeknd contrary to a Friday morning rumor, S&P futures rebounded and edged higher as European stocks gain, led by Spanish shares after mass demonstrations in favor of Spanish unity and speculation Catalonia may back down on unilateral independence demands, while Chinese mainland stocks reopened catching up to gains missed during the holiday week following last weekend's RRR cut.