Stock whisperer Yellen said all the right things yesterday, when she sounded more optimistic than pessimistic on the economy but while the economy is "strong" it is most likely not strong enough to weather a rate hike in the immediate future.
NATO chief, General Jens Stoltenberg, has warned Britain that a Brexit vote would lead to dire consequences for the UK and Europe. Secretary General Jens Stoltenberg told an event at Brussels that if the UK vote Brexit it will lead to instability throughout Europe. “What really matters for NATO is, I strongly believe, a strong UK in a strong EU. It is good for both the UK and the EU but also for NATO,” Stoltenberg said on Monday. Presstv.com reports: Stoltenberg, the former Norwegian premier, said that it was “up to the British people” to decide about the future of their country.
Following the two polls overnight pointing to a significant lead for "leave" over "remain" in the Brexit vote, as we noted, cable tumbled and volatility premia spiked as Brexit odds surge to their highest yet. This pushed UK PM David Cameron into full panic mode, explaining that "we're not scaremongering," Cameron then said during an interview that Brexit would put a "bomb under our economy, and the worst thing is, we'd have lit the fuse ourselves."
Tom Goodenough points to new polling that shows the Leave side leading the EU referendum in the U.K.:
Every ugly nonfarm payrolls has a silver lining, and sure enough following Friday's disastrous jobs report, global mining and energy companies rallied alongside commodities after the jobs data crushed speculation the Fed would raise interest rates this month. “The disappointing U.S. jobs report on Friday means that a summer Fed rate hike is off the table,” said Jens Pedersen, a commodities analyst at Danske Bank. “That has reversed the upwards trend in the dollar, supporting commodities on a broader basis.