Daily News Links

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Wednesday, June 12, 2019

Evening

• Wall St. slips; banks fall with prospect of rate cut, energy drops
  Reuters
• Oil slumps 4% on U.S. crude build, slowing demand fears
  Reuters
• U.S. government posts $208 billion deficit in May
  Reuters
• Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion
  CNS
• Trump says he has no deadline for imposing further tariffs on China
  Reuters
• Trump says he has a 'feeling' that U.S., China can strike trade deal
  Reuters
• Trump considering sanctions over Russia's Nord Stream 2 natgas pipeline
  Reuters
• The trade war is taking a big bite out of profits for Wall Street’s biggest names
  CNBC
• Japan's Abe warns of armed conflict amid soaring U.S.-Iran tension
  Reuters
• U.S. Budget Gap Balloons to $739 Billion With Four Months to Go
  Bloomberg
• Hong Kong Protests Turn Violent in Standoff Over China’s Control
  WSJ
• Sound and Fury Over Fannie Mae and Freddie Mac
  WSJ
• Fix Mortgage Finance, Or We’ll Do It For You, Regulator Tells Congress
  WSJ
• Falling Mortgage Rates Spur Application Frenzy
  WSJ
• US-China trade war risks global technology split
  FT

General

• Shares snap seven-day hot streak
  Reuters
• Hong Kong stocks fall as huge protests hit financial center
  CNN
• Oil falls over 2% on weaker demand growth, gain in U.S. crude stocks
  Reuters
• Dollar hovers near 11-week low on Fed rate cut bets
  Reuters
• U.S. consumer prices barely rise in May
  Reuters
• Expectations low for Trump-Xi talks, preparations limited
  Reuters
• US accused of undermining trade talks by demanding ‘hundreds’ of changes to Chinese law
  SCMP
• U.S. mortgage applications jump to highest since September 2016: MBA
  Reuters
• China's factory inflation slows as production eases but food prices surge
  Reuters
• China’s loans to other countries are causing ‘hidden’ debt. That may be a problem
  CNBC
• Police threaten ‘force’ as Hong Kong protesters besiege legislature
  CNBC
• Hong Kong police declare China extradition protest 'a riot' as rubber bullets and tear gas fired at crowd
  CNN
• Hong Kong police fire rubber bullets as extradition bill protests turn to chaos
  Reuters
• Businesses showing discontent with Trump’s trade policies
  AP
• As Trade War With U.S. Grinds On, Chinese Tourists Stay Away
  NYT
• Hong Kong Markets Roiled by Interbank Rate Squeeze Amid Protests
  Bloomberg
• Tour of China Shows a Nation Girding for Protracted Trade War
  Bloomberg
• Bond Markets Are ‘Almost Taunting the Fed’ With Global Rate-Cut Bets
  Bloomberg
• China Sends Warning Signal to Yuan Bears Before G-20 Meeting
  Bloomberg
• Hong Kong’s Moment of Reckoning
  Bloomberg
• China’s Small Banks Run Into More Trouble
  WSJ
• The Fed Needs To Be the Adult in the Economy
  WSJ
• Car sales plunge in China ahead of emissions rules
  FT
• For a fistful of mini-BOTs, Italy risks falling into an old trap
  FT
• The great emerging-market growth story is unravelling
  FT
• Germany sells 10-year Bunds at lowest yield on record
  FT
• A robot named Gekko: ‘quant’ funds home in on the bond market
  FT

Tuesday, June 11, 2019

Evening

• Wall Street treads water after recent rally
  Reuters
• Trump defends tariff strategy as China says it's 'not afraid of a trade war'
  Reuters
• Martin Feldstein, one of the most influential economists of his generation, has died
  CNN
• New UK PM will not change Brexit deal: EU's Juncker
  Reuters
• World must not 'sleepwalk' into war, Macron says in speech on reforming capitalism
  Reuters
• Thousands rally as Hong Kong readies for mass strikes over extradition bill
  Reuters
• Trump Says He's Holding Up Trade Deal With China Ahead of G-20
  Bloomberg
• Risky Borrowing Is Making a Comeback, but Banks Are on the Sideline
  NYT
• Chinese Cash Is Suddenly Toxic in Silicon Valley, Following U.S. Pressure
  WSJ
• Bolton Says U.S. Is Expanding Offensive Cyber Operations
  WSJ
• Key currency test looms for unshockable markets
  FT

General

• World shares rally again on Trump tariff relief, Fed hopes
  Reuters
• U.S. underlying producer prices increase solidly in May
  Reuters
• China says will respond if U.S. escalates trade tension
  Reuters
• Under pressure, Fed faces an outlook clouded by trade wars and signs of weakness
  Reuters
• Trump says ‘devalued’ currencies put US at a disadvantage and the Fed doesn’t have a ‘clue’
  CNBC
• Trump signals frustration with Fed’s independent policies
  AP
• China mum on Trump-Xi meeting as Huawei says sales slowing
  AP
• U.S. warns extradition law changes may jeopardize Hong Kong's special status
  Reuters
• Hong Kong braces for new mass protests against planned extraditions to China
  Reuters
• ECB's Rehn: tiering, rates cut, more QE all on the table
  Reuters
• Turkey chafes at U.S. pressure over Russian defenses
  Reuters
• China Sets Yuan Fixing Stronger Than Expected in Sign of Defense
  Bloomberg
• Regulators Alarmed by Risky Loans, But Don’t Know Who Holds Them
  Bloomberg
• Trump Says Mexico Tariffs Worked, Emboldening Trade Fight With China
  NYT
• Global Stocks Rise as China Plans New Stimulus Measures
  WSJ
• Why ‘cracking seven’ is a big deal for China’s currency
  FT
• Debt markets are pricing in a real risk of ‘Quitaly’
  FT
• Corporate defaults are picking up across the heartland of Europe
  FT

Monday, June 10, 2019

Evening

• Wall Street rises on Mexico relief, M&A cheer
  Reuters
• Trump ready to slap new tariffs on China after G20 meeting
  Reuters
• Fed won't cut rates this year, Goldman analyst says
  Reuters
• Mexico says other Latam countries could share burden of fighting migration to U.S
  Reuters
• Chinese financial news site closed for 'rectification'
  Reuters
• Iran has accelerated enrichment of uranium, IAEA says
  Reuters
• Trump Laments his Lack of China-Style Control of Fed Policy
  Bloomberg
• For China's Yuan, the Path Toward 7 Per Dollar Is Now Wide Open
  Bloomberg
• How China Overpowered the U.S. to Win the Battle for Rare Earths
  Bloomberg
• Bond Buyers Are So Wary Even One-Year Debt Isn't Short Enough
  Bloomberg
• ‘Not My People’—Trump Hectoring of Fed Chairman Complicates Rate Calls
  WSJ
• US corporate cash pile shrinks as spending climbs post-tax cuts
  FT

General

• Stocks climb on trade, rate cut optimism; yuan falters
  Reuters
• Oil rises as Saudi sees OPEC, Russia restricting supplies for longer
  Reuters
• President Trump to CNBC: China is going to make a deal because ‘they’re going to have to’
  CNBC
• Trump: The Fed made a ‘big mistake’ raising rates in December and is ‘very disruptive’
  CNBC
• China stays silent on G20 Xi-Trump meeting, but says door open for talks
  Reuters
• China says its May trade surplus was $41.65 billion, significantly more than expected
  CNBC
• ‘We have all these tools’: Mnuchin defends using punishing tariffs to solve security problems
  CNBC
• Chinese paper says 'foreign forces' using Hong Kong havoc to hurt China
  Reuters
• China Central Banker Says No Specific Yuan Level Important
  Bloomberg
• China Faces Showdown in Hong Kong as Mass Protests Roar Back
  Bloomberg
• Kuroda Says BOJ Has Enough Ammunition, Wary of Side Effects
  Bloomberg
• South Africa Record Outflows Spell Trouble for the Rand
  Bloomberg
• China’s Growth, Currency Outlooks Darken Again
  WSJ
• Tariff Dispute Complicates U.S. Ties With Mexico
  WSJ
• Bets on Falling Interest Rates Unleash Gold Rally
  WSJ
• The South’s Economy Is Falling Behind: ‘All of a Sudden the Money Stops Flowing’
  WSJ
• China gold reserves climb for sixth month in May
  FT

Sunday, June 9, 2019

Evening

• U.S. stock futures, Asian shares gain as Mexico tariffs averted
  Reuters
• Mexican peso up nearly 1.8 pct after U.S. deal avoided tariffs
  Reuters
• China May exports unexpectedly returns to growth in May; imports shrink
  Reuters
• China's May forex reserves rise unexpectedly to $3.1 trillion
  Reuters
• Trump acting budget chief asks for delay on Huawei restrictions
  Reuters
• China may restrict tech access in spiraling US trade dispute
  AP
• Trade Impasse Has World’s Central Banks Priming Their Engines
  Bloomberg
• Hong Kong Protest Draws Up to 1 Million in Rebuff to China
  Bloomberg
• Goldman Expects Yuan to Breach 7 Per Dollar Within Three Months
  Bloomberg

General

• G20 finance chiefs express concern over risks from 'intensified' trade conflict
  Reuters
• Trump is ‘perfectly happy’ to hit China with new tariffs if Xi meeting doesn’t go well, Mnuchin says
  CNBC
• Italy's ruling parties take aim at economy ministry over mini-BOTs
  Reuters
• ECB policymakers open to cut rates if growth weakens: sources
  Reuters
• BOJ Kuroda: G20 reaffirms commitment to use all tools to fight risks
  Reuters
• Hong Kong plunged into political crisis after huge protest against extradition law
  Reuters

Saturday, June 8, 2019

General

• U.S. Treasury's Mnuchin says Trump-Xi meeting has parallels to Buenos Aires summit
  Reuters
• G20 finance chiefs to warn of trade risks, differ on how 'pressing'
  Reuters
• China to curb some technology exports to U.S.: Global Times editor
  Reuters
• Trump is playing a risky game by weaponizing US economic power with tariffs
  CNBC
• Mnuchin Downplays Talk With China's Yi, No Breakthrough Seen
  Bloomberg
• G-20 Wrangles on Trade as It Warns on Downside Risks to Growth
  Bloomberg
• Central Bank Crusade to Spark Inflation Isn't Convincing Traders
  Bloomberg
• China Summons Tech Giants to Warn Against Cooperating With Trump Ban
  NYT
• Mnuchin Lays Blame for Failed Trade Talks on China
  NYT
• Trump, Xi to Meet at G-20 as Trade Hostilities Persist
  WSJ
• Tech-addicted US funds could blow up like Woodford
  FT

Evening

• Trump calls off tariffs on Mexico after deal on migration
  Reuters
• Wall St. rallies on hopes of U.S. rate cut, trade progress
  Reuters
• Trump sees 'good chance' of Mexico migration deal as clock ticks down to tariffs
  Reuters
• Trade war, tariff threats to challenge G20 finance leaders' solidarity
  Reuters
• Chile central bank surprises with rate cut, braces for sharper slowdown
  Reuters
• Trump expected to name Philipson as top economic adviser: Politico
  Reuters
• Trump’s high-wire act on trade risks a rough fall
  Politico
• Bond Yields Extend Drop Toward 2%
  WSJ
• Softer Labor Market Could Strengthen Case for Rate Cut
  WSJ
• Frackers Scrounge for Cash as Wall Street Closes Doors
  WSJ

Friday, June 7, 2019

General

• Stocks gain after sharp slowdown in May jobs growth
  Reuters
• 10-year Treasury yield drops below 2.06%, its lowest since September 2017, after bad jobs report
  CNBC
• Dollar falls to 2-1/2 month low after U.S. jobs data disappoints
  Reuters
• Oil rises as Saudi Arabia signals OPEC deal extension
  Reuters
• Jobs creation slows dramatically with payrolls up just 75,000 in May, much worse than expected
  CNBC
• U.S.-Mexico migration talks continue as Trump returns to Washington
  Reuters
• Pence: US ‘encouraged’ by Mexico’s proposals as tariffs loom
  AP
• Putin says U.S. push for dominance is a recipe for trade and real wars
  Reuters
• U.S. and Russia blame each other for near collision in East China Sea
  Reuters
• Russia Ready to Fill China's Food Gap Left by US in Trade War Fallout
  SCMP
• China Has Lots of Policy Room if Trade War Worsens, Central Bank Governor Says
  Bloomberg
• Yuan Slides as China's Yi Gang Hints No Red Line, Open to Easing
  Bloomberg
• Here's What to Watch at the G-20 Finance Meetings This Weekend
  Bloomberg
• Investors Signal Draghi Is Running Out of Time and Ammunition
  Bloomberg
• ECB’s Big Bazooka Is Losing Ammunition as Economy Teeters
  WSJ
• ‘Carnage’ in loan market can only get worse if the Fed cuts
  FT
• Markets should beware the clock ticking back to the 1970s
  FT
• Global bond market has biggest inflows in over four years
  FT
• No end in sight for China’s swine fever outbreak
  FT

Thursday, June 6, 2019

Evening

• US VP Pence: Progress made in talks with Mexico, but no deal yet
  FXStreet
• Wall Street rises with hopes of Mexican tariffs delay
  Reuters
• Dollar depressed ahead of U.S. jobs data
  Reuters
• U.S. pushes Mexico for more in talks over tariffs and border
  Reuters
• Trump to decide on $300 billion China tariffs after G20 meeting
  Reuters
• Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials
  Reuters
• Fed’s Williams says the yield curve isn’t a magic ‘oracle’ for predicting a recession
  CNBC
• NY Fed President John Williams rails against low inflation and calls for central bank action
  CNBC
• Putin says U.S. military intervention in Venezuela would be a disaster
  Reuters
• Fed Begins Debate on Whether to Cut Rate as Soon as June
  WSJ
• China’s Tech-Heavy ChiNext Index Falls Into Bear Market
  WSJ
• Mario Draghi seeks to shape policy beyond his term in office
  FT

General

• Rate cut bets buoy U.S. stocks despite rise in trade tensions
  Reuters
• Yen gains on U.S.-Mexico trade woes; ECB awaited
  Reuters
• Trump threatens China with tariffs on further $300 billion of goods
  Reuters
• China says list of ‘unreliable’ foreign firms coming soon
  AP
• ECB pushes back rate hike again as outlook darkens
  Reuters
• U.S. trade deficit narrows; gap with China widens
  Reuters
• China central bank injects 500 billion yuan via one-year MLF, rates unchanged: statement
  Reuters
• China rare earth prices soar on their potential role in trade war
  Reuters
• Exclusive: Pentagon eyes rare earth supplies in Africa in push away from China
  Reuters
• China says seriously concerned about U.S. arms sales to Taiwan
  Reuters
• Auto loans hit record high, sending borrowers with the best credit to the used market
  CNBC
• India’s central bank cuts lending rate to 5.75%
  AP
• On Italy, Germany says stability pact must be strictly applied
  Reuters
• China Calms Markets With Second-Largest Cash Injection on Record
  Bloomberg
• The Trade War Could Pop Hong Kong's Property Bubble
  Bloomberg
• African Swine Fever Is Spreading Fast and Eliminating It Will Take Decades
  Bloomberg
• U.S.-China Trade War Raises Risks of a Real One
  Bloomberg
• U.S. Crude Oil Enters Bear Market Due to Global-Growth Fears
  WSJ
• Australian growth concerns rise as shoppers curb spending
  FT