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Danske Bank analysts note that yesterday US President Donald Trump (presumably)  fired his national security advisor John Bolton  who has been known for his notoriously hard-line approach against US adversaries.

Key Quotes

“It is well known that Trump’s and Bolton’s working relationship has deteriorated lately and it seems Bolton advising against a meeting with the Taliban was the straw that broke the camel’s back. The market impact was limited upon announcement even though oil slid a little as it could mean a softer stance against Iran. Trump stated he will announce a new – and fourth under his presidency – national security advisor next week.”