In a somewhat quieter week for economic news, this week's focus is on BoE and SNB policy meetings as well as on inflation releases in US, UK, China and others. Other releases of note include retail sales in the US, UK and China along with industrial production in US, Eurozone & China.
Key events:
And we're back at all time highs.
In the latest indication that the US is desperate to reach a diplomatic compromise over North Korea, even if it means appeasing Beijing and Moscow, Reuters reports that while the UN Security Council is set to vote on Monday afternoon on a U.S.-drafted resolution to impose new sanctions on North Korea over latest nuclear test, as discussed on Friday, the new draft no longer proposes blacklisting North Korean leader Kim Jong Un, while also dropping a proposed oil embargo - something Beijing had vocally opposed - and instead intends to impose a ban on condensates and natural g
If you don’t see that Washington is driving to war with Russia you are
a dumbshit American
Stephan Lendman Tells It Like It Is
by Stephen Lendman
In response to the Trump administration’s illegal seizure and search of Russian diplomatic properties in San Francisco, a total violation of diplomatic immunity, Vladimir Putin responded to a reporter’s question, saying “Trump is not my bride, and I am not his bride or groom.”
Following an uneventful weekend, ahead of which markets were on edge over another probable North Korean ICBM launch, the futures have breathed a sigh of relief, with the USDJPY and dollar jumping, while gold has tumbled by $10 from Friday's highs.