There was more bad news for the Trump administration on Friday, as Roger Stone was arrested on seven charges in the Robert Mueller inquiry. The indictment alleges that Stone tried to contact WikiLeaks several times concerning documents stolen from the Democratic national committee, then passed that information to Trump’s election campaign team. Stone has been a political adviser to Trump for some time and it could spell danger as far as the president is concerned.
Not much happening on the economic data schedule today, but tomorrow we will see the consumer confidence reading for January. On Wednesday, we will see mortgage applications up to 25 January 2019, employment change figures for January, the Federal Reserve’s interest rate decision and some US-China trade talks. There might well be some activity on the currency markets, depending on whether any progress is made in the negotiations.
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