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Frontrunning: December 9

  • Futures rise as 'Trump rally' rolls on (Reuters), Oil Advances as European Stocks Extend Gains; Korean Won Slides (BBG)
  • Syrian government forces press attack in east Aleppo (Reuters)
  • Trump: China Will Have to ‘Play by the Rules’ (BBG)
  • Trump’s Cabinet Picks Signal Coming Deregulation Moves (WSJ)
  • Russia’s Military Buildup on the Baltic to Test Trump on NATO (WSJ)
  • OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles (BBG)
  • OPEC Deal Faces Test as Cartel Seeks Russia Commitment (WSJ)

Global Stocks Hit 16 Month High As Draghi’s “Dovish Taper” Sustains “Trumpflation”

Global Stocks Hit 16 Month High As Draghi’s “Dovish Taper” Sustains “Trumpflation”

European and Asian shares rose again and S&P futures were little changed, as world stocks were set for a weekly gain and held near 16-month highs on Friday, while the euro steadied after swings following the European Central Bank’s decision to extend its stimulus program. Oil rose a second day before a meeting between OPEC and other major producers on output cuts, industrial metals gain.

Fukushima Nuclear Radiation Detected In US Food Chain

The devastating fallout from the Fukushima nuclear disaster continues to creep around the world, with radioactive samples discovered in the United States food chain for the first time. Despite assurances the radioactive fallout would be contained, the entire Pacific Ocean is now contaminated. Cesium-134, the so-called fingerprint of Fukushima, was measured in seawater samples taken from Tillamook Bay and Gold Beach in Oregon, researchers from the Woods Hole Oceanographic Institution are reporting.

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