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Frontrunning: June 3

  • World stocks edge toward one-month high; U.S. jobs data eyed for Fed clues (Reuters)
  • Commodities Stand on Brink of Bull Market After Oil’s Recovery (BBG)
  • Brent crude oil holds above $50 on signs of rebalance (Reuters)
  • Clinton attacks Trump's foreign policy as a threat to U.S. safety (Reuters)
  • Trump strikes back at Clinton's 'phony' speech (Hill)
  • "We want food!', Venezuelans cry at protest near presidency (Reuters)
  • Employers in U.S. Moderating the Pace of Hiring (BBG)

Futures Flat Ahead Of Strike-Impacted Jobs Report; Commodities Approach Bull Market

Futures Flat Ahead Of Strike-Impacted Jobs Report; Commodities Approach Bull Market

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.

The Rise Of 'Soft' Prostitution

Submitted by Marcus Williamson via Medium.com,

 

You may have seen the adverts, like the one above, or the headlines:

‘A quarter of a million’ UK students now using sugar daddies — BBC

Meet the sugar baby who’s had 10 sugar daddies - and has found love with one — Mirror

Things Are Thriving In The “Modern Hooker Economy” — Zerohedge

Mafia Expert Calls Great Britain The "Most Corrupt Place On Earth"

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

The City is a semi-offshore state, a bit like the UK’s crown dependencies and overseas territories, tax havens legitimized by the Privy Council. Britain’s financial secrecy undermines the tax base while providing a conduit into the legal economy for gangsters, kleptocrats and drug barons.

 

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