The Trader 

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Yesterday US President Trump reluctantly signed new sanctions against Russia claiming these had ‘clearly unconstitutional’ elements - yet were overwhelmingly approved by Congress.  Hours later on his Facebook page Russian PM Dmitry Medvedev explained how he saw this new move.  ‘First, any hope of improving our relations with the new US administration is over.  Second, the US just declared a full-scale war on Russia.  Third, the Trump administration demonstrated it is utterly powerless, and in the most humiliating manner transferred executive powers to Congress’.

Brazilian footballer Neymar was sold to Paris Saint-Germain for £198 million – paid for with Qatari money.  The player will earn about £40 million per annum (basic salary plus perks), which compares ‘favourably’ to the average £4.7 million paid to FTSE 100 chief execs.  This is a 17 per cent reduction from 2015 and takes the men’s ratio to their average employee down to 129:1.  The six women on the list earn an average £2.6 million.

S&P 500

Front page news as the Dow Industrials hits a new record high at 22036 – the bulk of the gains over the last month accounted for by Apple and Boeing.

 

SHORT TERM TRADER:  Square.

 

POSITION TAKER:  Square.

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