Daily News Links

8600 posts

Wednesday, July 3, 2019

Evening

• Major averages close at record highs on dovish Fed hopes
  Reuters
• Global stock markets, bonds rally in expectation of rate cuts
  Reuters
• Trump says US should start manipulating the dollar
  AP
• Trump repeats call for U.S. to play 'currency manipulation game'
  Reuters
• Trump officials say U.S.-China trade talks to resume next week
  Reuters
• Lagarde Has Investors Betting on Easy Money for Europe
  Reuters
• Be ‘Prepared for Anything’ as Trump Slams Europe, China on FX
  Bloomberg

General

• S&P 500 at record high on rising rate cut hopes
  Reuters
• Dollar struggles as U.S. yields fall, dovish BoE weighs on pound
  Reuters
• US trade deficit rises to 5-month high of $55.5B in May
  AP
• U.S. factory orders fall for second straight month
  Reuters
• U.S. private sector adds 102,000 jobs in June: ADP
  Reuters
• U.S. government staff told to treat Huawei as blacklisted
  Reuters
• UK PM candidate Johnson says he backs Hong Kong people 'every inch of the way'
  Reuters
• China's top paper warns 'turbulence' could hurt Hong Kong's economy
  Reuters
• The Politicians Take Charge at the ECB
  Bloomberg
• U.S. Yields Hit Lowest Since 2016 as Stocks Rise
  Bloomberg
• U.S. Slaps Import Duties of More Than 400% on Vietnam Steel
  Bloomberg
• Traders Have a Challenge Spotting India's Hidden, Growing Debt
  Bloomberg
• Trump Taps Two Fed Nominees, One Conventional, the Other Not
  NYT
• Lagarde Has Investors Betting on Easy Money for Europe
  WSJ
• China Knows What It Wants—the U.S. Still Doesn’t
  WSJ
• Huawei: still fighting for survival despite Trump truce
  FT
• India’s shadow banking crisis sparks credit crunch
  FT

Tuesday, July 2, 2019

Evening

• Wall St. ends higher
  Reuters
• Gold jumps 1.5% as yields dropped on global on growth concerns
  Reuters
• Treasuries - U.S. yields fall on growth worries, U.K. gilt rally
  Reuters
• Oil dives 3% on demand worries even as OPEC, allies extend cuts
  Reuters
• Trump to nominate Judy Shelton, Christopher Waller to the Federal Reserve
  CNBC
• White House's Navarro says China trade deal will take time: CNBC
  Reuters
• EU leaders agree on France's Lagarde to lead ECB
  Reuters
• Fed's Mester says she needs more information to support rate cut
  Reuters
• Money Markets - Traders add bets on 50 bps U.S. rate cut in July
  Reuters
• Automakers post mixed U.S. June sales; SUVs, truck sales stay strong
  Reuters
• EU leaders' tentative deal on top jobs hits opposition in parliament
  Reuters
• EU leaders battle to end embarrassing top jobs impasse
  AP
• Pentagon says China missile test in South China Sea 'disturbing'
  Reuters
• Fed's Mester Lays Out the Case Against a July Interest-Rate Cut
  Bloomberg
• A Lagarde-Run ECB Might Mean a Very Different Kind of Presidency
  Bloomberg
• ‘Heaven and Hell’ Now Perfectly Priced in Markets, Pimco Warns
  Bloomberg
• Why India’s Troubled Shadow Banks Spook the Market
  Bloomberg
• Christopher Waller, Judy Shelton Are Trump’s Latest Picks for Fed Board
  WSJ
• Fed's Mester: Too Soon to Say What Happens Next With Rates
  WSJ
• China’s Deleveraging Is Over
  WSJ
• China Hardens Line on Hong Kong Protests, Hinting It Could Intervene
  WSJ
• Hong Kong mayhem sparks wave of anger in Beijing
  FT

General

• Relief rally fades as growth fears loom
  Reuters
• Oil falls on demand worries even as OPEC, allies extend cuts
  Reuters
• Gold gains as weak economic data hints at global slowdown
  Reuters
• Treasuries - U.S. bond yields fall in early U.S. trading
  Reuters
• USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies
  Reuters
• Rich get richer, everyone else not so much in record U.S. expansion
  Reuters
• China says only small number of firms moving supply chains out of the country
  Reuters
• China to use RRR cuts to help reduce funding costs for small firms: Premier Li
  Reuters
• Australia’s central bank cuts key interest rate 0.25% to 1%
  AP
• Trump says Iran 'playing with fire' with uranium enrichment
  Reuters
• IMF’s Lagarde in the running to replace Draghi at the ECB
  CNBC
• China condemns violent Hong Kong protests as 'undisguised challenge' to its rule
  Reuters
• UK warns China of serious consequences if Hong Kong rights not honored
  Reuters
• Chinese newspaper calls for 'zero tolerance' over HK protests
  Reuters
• Trump-Xi Love Arrives Too Late to Repair Trade-War Damage
  Bloomberg
• ECB Policy Makers See No Rush for July Interest-Rate Cut
  Bloomberg
• Hong Kong on Edge After Historic Night of Vandalism and Tear Gas
  Bloomberg
• $2 Trillion Worth of Deals Were Struck in the First Half of 2019, but Caution Crept In
  NYT
• Trade Progress Hides Undercurrent of Risks for Investors
  WSJ
• Decline in Share Buybacks Deals Blow to Stock Market
  WSJ
• Danger lurks beneath the consensus on Fed’s next rate move
  FT
• Stocks are marching higher but corporate profits are not
  FT

Monday, July 1, 2019

Evening

• USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies
  Bloomberg
• Wall Street ends with gains on renewed trade hopes
  Reuters
• Oil steadies on OPEC cuts, but oversupply fears persist
  Reuters
• Trump says any China trade deal would need to be somewhat tilted in U.S. favor
  Reuters
• Companies are warning that earnings results are going to be brutal
  CNBC
• Why wealth gap has grown despite record-long economic growth
  AP
• Hong Kong police fire tear gas in running battles after protesters trash legislature
  Reuters
• Asia’s Banks Must Brace for Worsening Storm, McKinsey Says
  Bloomberg
• Bond Exchange-Traded Funds Pass $1 Trillion in Assets
  WSJ
• American Suburbs Swell Again as a New Generation Escapes the City
  WSJ
• Turkey and the US are heading for a high stakes crisis
  FT
• Global manufacturing slump deepens as trade conflict bites
  FT

General

• U.S.-China trade truce pushes global stocks higher
  Reuters
• Oil firms as OPEC+ poised to extend supply cut
  Reuters
• U.S. factory activity growth weakest in June since 2016: ISM
  Reuters
• Asia's factory activity shrinks, U.S.-China trade truce fails to brighten outlook
  Reuters
• Morgan Stanley on trade truce: No real progress, downside risks to economy and market remain
  CNBC
• Despite Donald Trump and Xi Jinping’s G20 handshake, mistrust and disputes persist in US-China trade war
  SCMP
• Taiwan president to visit U.S. this month, move likely to anger China
  Reuters
• Eurozone factory confidence dips on trade disputes
  MarketWatch
• EU leaders suspend talks without deal on top jobs, Macron fumes
  Reuters
• Hong Kong protests descend into chaos in direct challenge to China
  Reuters
• Japan to restrict exports to South Korea, citing less trust
  AP
• Iran says it has breached 2015 nuclear deal's stockpile limit
  Reuters
• U.S.-China Trade Deal No More Likely After Truce, Chinese Adviser Says
  Bloomberg
• Economists Are Skeptical That Trump-Xi Truce Will Rescue Growth
  Bloomberg
• Trump Restarts China Trade Talks, but the Two Sides Remain Far Apart.
  NYT
• Analysis: Fed Officials Will Find Little to Boost Outlook From Trade Truce
  WSJ
• Currency warrior: why Trump is weaponising the dollar
  FT
• Chinese tourism hit by trade war and renminbi depreciation
  FT

Sunday, June 30, 2019

Evening

• Global stocks enjoy relief rally in Asia, bonds retreat
  Reuters
• U.S. stock futures jump after U.S. and China agree to resume trade talks
  Reuters
• Yen sags, yuan soars after U.S-China trade truce
  Reuters
• Oil prices rise more than 1% after Russia agrees to extend OPEC+ deal
  Reuters
• Trump’s decision to let Huawei buy US products is ‘not a general amnesty,’ Kudlow says
  CNBC
• China's factory activity shrinks as U.S. tariffs, slowdown hit orders
  Reuters
• Internal cracks emerge in GOP strategy to avoid shutdown
  The Hill
• Japan manufacturing activity shrinks in June as weak global demand slams exports: PMI
  Reuters
• Preserve your ammunition, BIS urges top central banks
  Reuters
• Halfway through 2019, tech leads on Wall Street
  Reuters
• Hong Kong braces for big crowds at annual rally to mark handover
  Reuters
• U.S.-China Trade Talks Are Back On but Obstacles Remain
  WSJ
• Trump’s Huawei shift angers US security hawks
  FT

General

• China warns of long road ahead for deal with U.S. after ice-breaking talks
  Reuters
• China's June factory activity shrinks faster than expected: official PMI
  Reuters
• China's service sector activity grows at slower pace in June: PMI
  Reuters
• ‘It’s a temporary timeout’: Trump and Xi agree to negotiations, but offer no clear path to end US-China trade war
  CNBC
• Cease-fire in US-China trade war doesn’t bridge differences
  AP
• Swine fever toll in China may be twice as high as reported, industry insiders say
  Reuters
• Trump Says U.S. ‘Winning’ Trade War After Reviving China Talks
  Bloomberg
• U.S.-China Truce May Give Traders Reason to Ease Rate-Cut Bets
  Bloomberg
• A China-U.S. Trade Truce Could Enshrine a Global Economic Shift
  NYT
• ECB’s Draghi Grows Bolder as His Tenure Nears End
  WSJ
• The Downside of 5G: Overwhelmed Cities, Torn-Up Streets, a Decade Until Completion
  WSJ
• After Tech’s Wild Quarter, Investors Brace For Turbulence Ahead
  WSJ
• Donald Trump says China trade talks will resume
  FT
• Middle East’s power struggle moves to the Horn of Africa
  FT

Saturday, June 29, 2019

General

• 'Back on track': China and U.S. agree to restart trade talks
  Reuters
• Trump says he agreed with Xi to hold off on new tariffs and to let Huawei buy US products
  CNBC
• G20 stops short of denouncing protectionism, warns of global slowdown
  Reuters
• US and China agree to continue tariff talks. Here’s a timeline of how the trade war started
  CNBC
• 80% of the stock market is now on autopilot
  CNBC
• Trump and Xi Call Time (For Now) on Their Trade War
  Bloomberg
• Trump Relents on Huawei in China Truce, Reviving Stalled Talks
  Bloomberg
• Trump Allows U.S. Sales to Huawei as Trade Talks Resume
  WSJ
• Trade Truce a Relief to Markets—For Now
  WSJ
• G20 deeply divided on trade and climate change
  FT

Friday, June 28, 2019

Evening

• Wall Street wraps up its best June in decades as G20 convenes
  Reuters
• U.S.-China trade talks: where they are and what's at stake
  Reuters
• Here’s what every major Wall Street bank believes will happen at the Trump-Xi trade meeting
  CNBC
• China’s banks face cash crunch fears after authorities seize lender
  CNBC
• June Will Be Remembered as the Month IPO Fever Retook the U.S.
  Bloomberg
• S&P 500 Posts Best First Half in 22 Years
  WSJ

General

• Markets brace for crucial G20 signals
  Reuters
• Wall Street higher as investors await Trump-Xi meet
  Reuters
• Gold gains on U.S.-China trade jitters; heads for best month in 3 years
  Reuters
• US consumer spending rises in May, but inflation remains muted
  CNBC
• Trump prepares for 'productive' talks with Xi on trade war
  Reuters
• Trump might not need to hear much to strike a truce with China: senior official
  CNBC
• Trump talks trade at G20, China's Xi warns against protectionism
  Reuters
• Sizing up QE2: How a new round of ECB bond buys might pan out
  Reuters
• U.S. dominates second-quarter global M&A as mega deals roll on
  Reuters
• Bank of Japan board's debate of more easing at June meet signals possible early action
  Reuters
• Xi Fires Shots at U.S. Before Trump Meet, Without Mentioning Him
  Bloomberg
• Trump Chats With Putin and Xi; MBS All Smiles: G-20 Update
  Bloomberg
• China Is Walking a Monetary Tightrope as Trade War Plays Out
  Bloomberg
• Gold Heads for Biggest Monthly Gain Since 2016
  Bloomberg
• Yuan Traders Look to Trump-Xi Meeting to Seal Currency's Course
  Bloomberg
• There’s a Global Market Slump Ahead, Elliott's Paul Singer Says
  Bloomberg
• The U.S. and India Stumble Toward a Trade War
  WSJ
• Vladimir Putin says liberalism has ‘become obsolete’
  FT

Thursday, June 27, 2019

Evening

• S&P 500 rises on investor optimism ahead of G20 summit
  Reuters
• Trump agrees to no preconditions for meeting with China's Xi: Kudlow
  Reuters
• Investors pour $6 billion into U.S.-based high-yield, investment-grade bond funds: Lipper
  Reuters
• US to China: Fix tech policies. China’s retort: Drop tariffs
  AP
• A Saturday Meeting Could Decide Yuan's Course for Rest of 2019
  Bloomberg
• China to Insist U.S. Lift Huawei Ban as Part of Trade Truce
  WSJ
• Vladimir Putin: friendship with China, ‘Donald’ and the rise of national populism
  FT

General

• Sino-U.S. trade truce hopes rekindle risk appetite
  Reuters
• China is not budging ahead of Xi-Trump G-20 meeting
  CNBC
• China’s Xi to present Trump with terms for settling trade deal: WSJ
  CNBC
• U.S., China agree tentative trade truce ahead of G20 summit: SCMP
  Reuters
• Trump-Xi trade meeting set for Saturday morning in Osaka: White House
  Reuters
• China urges U.S. to lift sanctions on Huawei as Trump-Xi meeting looms
  Reuters
• U.S. economy accelerated in first quarter, but momentum fading
  Reuters
• President Trump says India's recent tariff hike unacceptable
  Reuters
• Earnings this year may end up flat and that’s a problem for investors lifting market to a record
  CNBC
• Fresh protests rock Hong Kong as activists seek a voice at G20
  Reuters
• Moody's sees risk of Lebanon debt rescheduling despite budget
  Reuters
• China Says Its Demands for a Trade Deal With the U.S. Haven't Changed
  Bloomberg
• China's Central Bank Is Said to Push Banks to Curb Mortgages
  Bloomberg
• Euro-Area Confidence Drops to Lowest Level in Nearly Three Years
  Bloomberg
• Brazil's central bank slashes 2019 GDP growth forecast, sees benign inflation
  Bloomberg
• U.S. Versus China: A New Era of Great Power Competition, but Without Boundaries
  NYT
• China to Insist U.S. Lifts Huawei Ban as Part of Trade Truce
  WSJ
• Trump’s Most Powerful Weapon in the U.S.-China Trade Fight
  WSJ
• China calls halt to surge in local government dollar bond sales
  FT
• Reaching for yield: the reshaping of the EM corporate debt market
  FT