US Futures Surge, Yuan Jumps And Dollar Drops As China-US To Resume Trade Talks

Heading into Thursday trading, global stocks were set for another downbeat session when China’s Ministry of Commerce broke news broke that – at the invitation of the US – China would send its Vice Commerce Minister, Wang Shouwen, to the U.S. for low-level trade talks…

Lira Surges After Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For Release

In a day in which the dollar set new highs against all emerging market pairs and global risk was on the defensive, the Turkish Lira bucked the trend and extended its rapid rebound from record lows, after Turkish regulators imposed new “soft capital controls” to…

Global Stocks Rebound As Relief Rally Sends Turkish Lira Sharply Higher

The “manic Monday” turmoil that rocked global markets at the start of the week, eased during Asian hours on Tuesday and followed through in the European session sending global markets higher as most European stocks tracked gains across most Asian equities as global markets steadied….

“Cashout”: FBI Warns Of Imminent Global ATM Hack

The FBI is warning of an “imminent” global cyberattack on ATM machines that could result in millions of dollars withdrawn from bank accounts far and wide, in a similar “cash-out” attack to one in 2009 which hit ATMs worldwide to the tune of $9 million.  “The FBI…

Rickards: U.S. Must Turn To Russia To Contain China

Authored by James Rickards via The Daily Reckoning, Vladimir Putin stands accused in the media and global public opinion of rigging his recent reelection, imprisoning his political enemies, murdering Russian spies turned double-agent, meddling in Western elections, seizing Crimea, destabilizing Ukraine, supporting a murderous dictator…

The Swiss National Bank Now Owns $87.5 Billion In US Stocks After Q2 Tech Buying Spree

In the second quarter of 2018, one in which the global economy was shaken by the rapid escalation of Trump’s trade war, and in which central banks were one after another hinting at their own QE tapering and rate hiking intentions to follow in the…

Futures Flat As China Charges Higher; Ruble, Lira, Kiwi Collapse

If yesterday global stocks largely ignored Wednesday’s slump in Chinese stocks, today they are doing the mirror image, barely responding as the Shanghai Composite rebounds strongly from near 2018 lows. European shares slid while U.S. index futures were mostly flat following a positive session in…

The Blowback Begins: Ohio Farmer Vents On Trade War

Via Global Macro Monitor, Hope you all take the time to read this piece by an Ohio soybean farmer caught up in Trump’s trade wars. Tariffs hurt the many and help the few.  The “tyranny of the minority,” if you will, and that is before…