France

All Eyes On Yellen As Global Stocks Rebound Despite Brexit Fears, Record Low Yields

US equity index futures and global stocks rebounded for the first time in 6 days, ahead of Federal Reserve Chair Janet Yellen’s remarks, while Chinese manipulation prevented a selloff in Chinese stocks when MSCI refused to add the country to its EM index due to fears about... manipulation. Sterling has rebounded despite ongoing Brexit doom and gloom. Oil is the only key commodity that has failed to stage a modest rebound, while gold is down alongside the dollar, just because.

The FBI And NSA Won't Keep Us Safe

The NSA was too busy spying on your family to stop the Orlando gunman. But why aren't night clubs keeping tabs on people who walk in with rifles?

ISIS-Linked Islamist Kills Two French Policemen In Latest "Abject Act Of Terrorism"

A suspected Islamist attacker stabbed a French police commander to death outside his home and later killed his companion, a policewoman, in an attack claimed by Islamic State and denounced by the government as "an abject act of terrorism".  The assailant, a 25-year-old Frenchman of Moroccan origin, was jailed in 2013 for helping Islamist militants go to Pakistan and had been under security service surveillance, including wiretaps, at the time of the attack, police sources said.

Soaring Brexit Fears Spark Global Flight To Safety, Send 10 Year Bunds Tumbling Below 0%

The UK EU referendum is suddenly totally dominant in financial markets. The increased focus comes as the leave campaign has gathered steam as 4 polls yesterday afternoon/evening put the 'leave' campaign ahead. As a result of the continued global scramble for safety, German 10Y bunds finally dropped below 0% for the first time ever, while global risk assets are red around the globe.

ISIS Takes Credit For Downed Paris Suburb Hostagetaker Who Killed One Policeman

It may well be nothing, but at a time when focus on any potential terrorist activity is at an unprecedented high, it is worth noting that moments ago the AFP reported that French anti-terror police has surrounded a house used by a man who allegedly killed a policemen and then took hostages in the Paris suburb of Magnanville.

UK Establishment Loses The Mainstream Media: "Why I Am Voting To Leave The EU"

"Stripped of distractions, it comes down to an elemental choice: whether to restore the full self-government of this nation, or to continue living under a higher supranational regime, ruled by a European Council that we do not elect in any meaningful sense, and that the British people can never remove, even when it persists in error...Americans of all people should understand why a nation may wish to assert its independence."

"Hillary Is Closer To Mussolini Than Trump Is To Hitler"

Obviously, the sitting parties in Congress want nothing more than for Trump to be branded a fascist. Which is why Hillary Clinton not long ago compared him to Adolf Hitler. Through a wider philosophical and historical lens, there are two issues with that claim. First, Trump hasn’t killed anyone. Second, the person making the claim has. The problem for Hillary is that a lot of Americans understand this.

Key Events In The Coming Busy Week

This week, the market's attention will be mostly focused on this week's two key central bank meetings, namely the Fed on Wednesday and the BOJ on Thursday, although there is a full calendar of economic events also on deck.

Global Stocks Plunge; US Futures, Oil Slide As Brexit Fears "Jolt Markets"

Right now it is all about the immediate fate of the UK, and as Bloomberg explains the "jolted markets" and overnight plunge in global risk assets, "growing anxiety over the prospect of the U.K. exiting the European Union dominated financial markets, sending global stocks down for a third day and the British pound to an eight-week low while boosting demand for havens such as the yen and gold."

The EU Is Coming To Close Down Your Free Speech

The German Chancellor was not interested in the reinforcement of Europe's external borders, the re-erection of its internal borders, the institution of a workable asylum vetting system and the repatriation of people who had lied to gain entry into Europe. Instead, Chancellor Merkel wanted to know how Facebook's founder could help her restrict the free speech of Europeans, on Facebook and on other social media. People must speak up -- must speak up now, and must speak up fast -- in support of freedom of speech before it is taken away from them. It is, sadly, not an overstatement to say that our entire future depends on it.