The Trump administration has asked Beijing to impose what would be the first round of sanctions against nearly 10 Chinese companies and individuals that trade with North Korea, part of a strategy to starve, and ultimately shut down, Kim's nuclear program, the WSJ reports.
First the bad news: following Friday's "tech wreck" European equity markets have opened lower, with the Stoxx 600 sliding 0.9% and back under the 50DMA for the first time since December, dragged by selloff in tech shares, mirroring Asian markets as Friday’s "FAAMG" volatility in U.S. markets spreads globally, battering shares from South Korea to the Netherlands.
Content originally generated at iBankCoin.com
Last Thursday, Congressman Dana Rohrabacher praised ISIS for coordinated terrorist attacks in Tehran which left 17 civilians dead - then suggested that the United States should support the terrorist organization in their endeavors to bring regime change to Iran, comparing the situation to working with Stalin's Russia to get Hitler.
Days after Trump issued a characteristically undiplomatic statement on last week's s terrorist attack in Iran by ISIS which killed 17 people and which the US president accused Tehran of basically provoking by stating that "states that sponsor terrorism risk falling victim to the evil they promote", which prompted Iran to slam the "repugnant WH statement... as Iranians counter terror backed by US clients....
Submitted by Rajan Dhall FXDaily.co.uk and Shant Movsesian of RANSquawk
FX Week Ahead: Focus returns to the US economy as politics have run riot once again. Theresa May clearly made a big mistake in calling the snap election, and the Pound has suffered accordingly, though gains had perhaps run their course. NZD still looks good, while CAD weathers Oil price drop as domestic data supports.