Monday, February 06, 2017

Today's Headlines

  • Russia Rejects Trump’s Charge That Iran Is Top Terrorist State. (video) Russia rejected U.S. President Donald Trump’s assertion that Iran is the world’s “number one terrorist” nation, and said that the government in Tehran should be part of a proposed coalition to fight against Islamic State. “All those who see Islamic State as an existential threat should start to act in a coordinated manner and I’m sure that if we look objectively at potential members of this coalition, Iran should, of course, be part of our joint efforts,” Russian Foreign Minister Sergei Lavrov told reporters on Monday.
  • Ukraine Is Fighting Its Own Cold War.
  • This Is Marine Le Pen’s Plan to Break Up the Euro. (video) National Front leader Marine Le Pen will take back control of the central bank and fire up the printing presses as she leads France out of the euro if she wins the presidential election in May, her chief economic adviser said. Le Pen is making a “return to monetary sovereignty” a key plank of her policy platform as she seeks to replicate the populist victory of Donald Trump in the U.S. and has set up a task force to prepare, her adviser Bernard Monot said, as he explained the details of her plan on the sidelines of a rally in Lyon Saturday.
  • China’s Welcome Mat for Foreign Money Leaves Some Staying Away. Some foreign investors are worried China is turning into a kind of Hotel California. Fourteen months after qualifying for official reserve-currency status, and after a series of steps opening up domestic markets to overseas funds, the take-up remains below estimates. For all China’s attraction as the second-largest economy with large and expanding domestic capital markets, regulators’ efforts to tamp down on outflows of money have stoked concerns.
  • Stoxx 600 Falls as Investors Focus on Draghi. (video)
  • Here Comes the Economic Growth That Confidence Data’s Predicting. It turns out businesses and consumers have reason to be confident economic growth is about to pick up. But it’s not because of President Donald Trump’s policy prescriptions. Just two weeks into the president’s term, the world’s largest economy is already churning out a raft of signals that growth is posed to accelerate, according to Renaissance Macro Research. “What gets lost in the economic discourse, in our view, is that many leading indicators of activity have already turned,” Neil Dutta, head of U.S. economics at the New York-based firm, wrote in a report Monday. “We expect actual activity to pick up in the months ahead.”
Wall Street Journal:

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