It goes without saying that France is on edge following the attacks by Islamic State that left some 130 people dead in Paris on a Friday night that will forever live in infamy.

The alleged ringleader Abdelhamid Abaaoud - who was emir of war in Deir Ezzour - was also planning to attack the French capital's La Defense business district. We say “was” because Abaaoud was blown to pieces in a siege on an apartment in Saint-Denis.

• China turmoil sends oil, stocks sliding (Reuters)
• China's Stock Traders Go Home After 29 Minutes (BBG)
• Yuan hits weakest since Feb 2011 on fresh low midpoint (Reuters)
• Stocks Extend Rout, Oil Slides on China as Soros Warns of Crisis (BBG)
• China's 29 Minutes of Chaos: Stunned Brokers and a Race to Sell (BBG)
• North Korea Uses Bomb Test to Boost Dictatorship (WSJ)
• Arab Shiites Are Caught in Iranian-Saudi Strife (WSJ)
• Oil slides below $33 to near 12-year low as China turmoil rattles investors (Reuters)

Last weekend, an already chaotic geopolitical landscape was complicated immeasurably when Saudi Arabia moved to execute prominent Shiite cleric Nimr al-Nimr.

In yesterday's overnight market wrap, we commented that while Chinese stocks had succeeded in levitating following another massive government intervention, "the global market was far more focused with what was going on in China's currency, which as previously reported, plunged to new 5 year lows, while the spread between the onshore and offshore Yuan rose to a record wide, suggesting the depreciation in the currency is only going to accelerate from here, and a big payday for Kyle Bass is coming."

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The Bankers’ India Gold Grab: An Update

Written By Jeff Nielson (CLICK FOR ORIGINAL)