While the Fed (and Emerging Markets) may be enjoying a boost from weakness in the dollar, we would question how sustainable the current dovish stance of the Fed is
Historically, Kings of Saudi Arabia don’t accede the throne until late in life. However the current ruler, King Salman Al-Saud has upset the established formula of “rule by elder” by giving unprecedented power to his son, Crown Prince Mohamad Bin Salman also referred to as “MbS”, who is just 30 years old and is clearly in a hurry to implement changes.
UK voters will decide on June 23 whether or not Britain will remain part of the European Union – a unique economic and political partnership between 28 European countries. As a major contributor to the EU -- and the EU’s status as the third-largest economy in the world – a UK vote to leave – or Brexit – certainly has significant implications for Europe, financial markets and investors worldwide