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Trumpflation Takes A Breather As Global Stocks Rise, Oil Jumps On Renewed OPEC "Deal Optimism"

Trumpflation Takes A Breather As Global Stocks Rise, Oil Jumps On Renewed OPEC "Deal Optimism"

With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; Italian equities underperformed ahead of the Italian referendum; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.

ISIS Instructed Not To Attack U.S. In Secret Document

More evidence of cooperation between the US and ISIS has been uncovered in Iraq after local militia uncovered Islamic State documents near Mosul that instruct jihadists not to attack US coalition aircraft in Mosul or the surrounding area. During US election season, WikiLeaks confirmed what many already suspected, that the US government, or at least certain members of it, were implicitly aiding the Islamic State – with Hillary Clinton even accepting millions from the very same governments who fund the jihadist group.

Trump: We Are Banning Saudi Oil From America

President-elect Donald Trump has announced plans to create “complete American energy independence” and ban Saudi Arabian oil from the U.S. market – and the Saudis have begun to panic. Imagine making the world’s largest oil exporter sweat it out. That’s exactly what Donald Trump is doing. The president-elect has said repeatedly that the U.S. needs to ban all oil imports from Saudi Arabia. During his campaign Trump vowed to secure U.S.

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