Asia

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.

The back and forth between the US and China continues, as US defense secretary Ash Carter said today at the 15th Asia Security Summit in Singapore that China risks isolating itself with its actions in the South China Sea.

After yesterday's two key events, the ECB and OPEC meetings, ended up being major duds, the market is looking at the week's final and perhaps most important event of the week: the May payrolls report to generate some upward volatility and help stocks finally break out of the range they have been caught in for over a year. However, even today's jobs number will likely be skewed as reported previously as a result of the Verizon strike which is said to trim some 35,000 jobs from the headline print, casting anything the BLS reports today in doubt.

Cities reduced to rubble, schools and hospitals leveled, prisoners tortured and executed, car bombs exploding. Long lines of refugees, their homes in ruins, stumbling along a road to nowhere with their few remaining possessions carried on their backs. Graphic photos and videos from the Middle East, Asia, and Africa continue to show the downside of the “New World Order,” the global system operating under American direction envisioned by President George H.W. Bush in 1991.

We rang the alarm bell when on Sunday night, one of our "favorite" companies and Asia's largest, junk-rated commodity trader, Noble Group, unexpectedly announced two jarring developments: the removal of its long-term, ex-Goldman CEO, Yusuf Alireza, as well as the sale of its top performing asset, Noble Americas Energy Solutions.