EU response to US tariffs: Still waiting for a formal response to US trade. White House: More jitters on potential senior staff leaving. Larry Kudlow will take up the post of top economic advisor to Donald Trump, replacing Gary Cohn. “Buy king dollar, sell gold.” Republican congressional stronghold seat in Pennsylvania falls to the democrats, which could be a theme of potential serious upsets this year. Swiss National Bank: We still think the Swiss Franc is valued too high; looks set to be on hold for longer. Central Bank of Norway: Looks like it’s getting the market to hike earlier than expected this year, with the ... (full story)