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Frontrunning: November 25
- Dollar rally pauses, Italian stocks underperform (Reuters)
- Retailers Vie for Black Friday Dollars (WSJ)
- Holiday Price War Intensifies as Wal-Mart, Target Pursue Amazon (BBG)
- U.S. Pushes Iran on New Measures to Fortify Nuclear Deal (WSJ)
- Brent and WTI see small gains as end of year approaches (Reuters)
- Turkey’s Erdogan threatens to let 3m refugees into Europe (FT)
- Meet the man who could lead Trump's immigration crackdown (The Hill)
- Austrian election tests support for European populism in Trump era (FT)
Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs
Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday, which sent the USDJPY just shy of 114 and the Yuan to 6.96, the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.
Trump, OPEC, & Game Theory
Submitted by Emad Mostaque via GovernmentsAndMarkets.com,
“It’s not whether you win or lose, but whether you win!”. Source: Reddit
Nobody has any real idea what President-elect Donald Trump has planned.
It is quite possible he himself doesn’t know.
Trump Pushes Apple CEO To Manufacture In US; Promises "Very Large Tax Cuts"
Submitted by Joseph Jankowski via PlanetFreeWill.com,
While speaking with the New York Times, President-elect Donald Trump said that he received a call from Apple’s Tim Cook on Monday in which he pushed the CEO about bringing manufacturing jobs back to the United States.