With stocks blasting off the moment today's stellar ADP report hit (even if subsequent PMI and ISM soft data roundly refuted the highest surge in private payrolls in over two years), pushed higher by the momentum ignition in USDJPY, some traders have declared today the day the reflation trade has (again) come back.
With Trump set for his most important meeting with a foreign leader tomorrow,, when he will meet China's president Xi Jinping at Mar-A-Lago, Goldman's Alec Philips lays out the agenda for what to expect and key deliverables from tomorrow's meeting.
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The Real Reason The Federal Government Have Been Keen to Blame Russia for Everything: Gold
Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)
Luxembourg-based JAB Holdings, the acquisitive owner of Caribou Coffee, Peet's Coffee & Tea and Krispy Kreme, confirmed swirling speculation this morning when it announced it would acquire U.S. bakery chain Panera Bread for $315/share - a 20% premium - in a deal valued at about $7.5 billion. If completed, the transaction would mark the largest M&A deal for a US restaurant company, and the second-largest in North America after the 2014 acquisition of Tim Horton's.
For the first time since his election, president Trump is set for a direct collision course with Vladimir Putin after Russia said on Wednesday it stands by Syrian President Bashar al-Assad despite widespread popular outrage over a chemical weapons attack which the media was quick to pin on the Syrian president, in a carbon-copy of events from 2013 which nearly launched a US invasion of the middle-eastern nation, when a YouTube clip - subsequently shown to be a hoax - served as proof that Assad had used sarin gas on rebels in a Damascus neighborhood.