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Frontrunning: July 10

  • World stocks rally, dollar up to two-month high against yen (Reuters)
  • Oil Prices Fall Amid Rising U.S. Production (WSJ)
  • Trump’s ‘America First’ Policy Proves to Be an Immovable Object at G-20 (WSJ)
  • Russia says joint cyber unit with U.S. will take time to set up (Reuters)
  • Senate Health Bill Fails to Pick Up Support After Week of Recess (BBG)
  • Trump’s Massive Tax-Cut Plan Faces ‘Train Wreck’ of a Calendar (BBG)
  • Trump's push to replace Obamacare faces trouble as U.S. Congress returns (Reuters)

Global Stocks Rise Amid Strong Economic Data; Yen Drops To 2 Month Low As Oil Resumes Slide

Global Stocks Rise Amid Strong Economic Data; Yen Drops To 2 Month Low As Oil Resumes Slide

In a quiet overnight session, S&P 500 futures are fractionally in the green (2,426, +0.2%) with European and Asian stocks as oil drops second day after an initial ramp higher amid speculation that LIbya and Nigeria may be asked to cap their production. Nasdaq 100 Index are again higher, following the biggest daily advance in more than a week, up 0.4% as of 6:20 a.m. in New York.

Saudi King To Visit Russia: Bringing Relationship To New Phase

Saudi King To Visit Russia: Bringing Relationship To New Phase

Authored by Alex Gorka via The Strategic Culture Foundation,

Much has been said about the much vaunted trip of US President Donald Trump to Saudi Arabia where he was lavished with extravagant royal pomp. The $110 billion arms deal was signed and the plans to create an Arab NATO set the agenda. The visit – the president’s first foreign trip - was described as a major step to boost the US clout in the Middle East but the days when the region was Washington’s exclusive sphere of influence are gone.

38 Incredible Facts About The Modern U.S. Dollar

38 Incredible Facts About The Modern U.S. Dollar

We’ve previously showed you 31 Fascinating Facts About the Dollar’s Early History, which highlighted the history of U.S. currency before the 20th century. This was a very interesting period in which we looked at the money used by the first colonists, the extreme bust of the Continental currency, the era of privately-issued bank notes, and Congress’ emergency issuance of the fiat “greenback” during the Civil War.

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