Wednesday's News Links

[Bloomberg] Stocks, Oil Fall as Manufacturing Data Underwhelm; Bonds Climb

[Bloomberg] Yen Rallies Most in a Month After Abe Says He’ll Delay Tax Hike

[Bloomberg] Oil’s Slide Weighs on Ruble, Ringgit as South Korean Bonds Climb

[Reuters] U.S. factory activity expands; construction spending tumbles

[Reuters] After Brexit - Roadmap for a leap in the dark

[Bloomberg] How the Feds Pulled Off the Biggest Insider-Trading Investigation in U.S. History

[Bloomberg] Euro-Area Manufacturing Near Stagnation Signals Slowdown Ahead

[Reuters] Japan PM to postpone sales tax rise, snap election off table for now

[Reuters] Japan May factory activity shrinks at fastest pace in over three years - PMI

[Bloomberg] PBOC Shines Light on Risks in $8 Trillion Shadow Loan Market

[Reuters] China regulator inspects insurers' investment risk controls -paper

[Reuters] China factory slowdown worsens in May, hopes for quick recovery fade - Caixin PMI

[MarketWatch] Chart shows China’s debt bubble bigger than subprime bubble

[NYT] In China, Homeowners Find Themselves in a Land of Doubt

[Bloomberg] Erdoganomics Pushes Turkey Credit Risk Above Junk-Rated Russia

[WSJ] Pension Funds Pile on Risk Just to Get a Reasonable Return

[FT, El-Erian] Fed’s snail-like tightening cycle leaves bigger questions

[FT] Support for mainstream German parties dips below 50%

Tuesday Evening Links

[Bloomberg] Asian Stocks Drop Before Economic Reports, Speech by Japan’s Abe

[Bloomberg] Double Blow for China Banks as Fed Worry Meets June Cash Crunch

[Bloomberg] Populist as President Emerges as Option for Beleaguered Mexicans

[Reuters] As Beijing flexes muscles in South China Sea, Malaysia eyes harder response

Tuesday's News Links

[Bloomberg] Bonds Fall on Fed Outlook as European Stocks Decline; Gold Gains

[Bloomberg] Consumer Spending in U.S. Climbs by Most in Almost Seven Years

[Bloomberg] Home Prices in 20 U.S. Cities Increase Faster Than Forecast

[Bloomberg] Risky Reprise of Debt Binge Stars U.S. Companies Not Consumers

[WSJ] When Bigger Isn’t Better: Banks Retreat From Global Ambitions

[Bloomberg] Rand Set for Worst Month Since 2013 as Downgrade Threat Looms

[Reuters] Fed, China fears force investors to check out of Asia

[FT] China rebuts currency criticism as renminbi takes big fall

[Bloomberg] One-Minute Plunge Sends Chinese Stock Futures Down by 10% Limit

[Bloomberg] Chinese Bonds Head for Worst Month in Year as Yuan Extends Loss

[Bloomberg] Euro-Area Inflation Rate Stays Negative as ECB Mulls Outlook

[Bloomberg] The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret

[FT] Global investors seek collateralised loans for their yield

[Bloomberg] Market Stagnating for Prime Central London Homes on Brexit Fear

[Reuters] China to 'pressure' U.S. on maritime issues, paper says

[Reuters] Turkey counts cost of conflict as Kurdish militant battle rages on

[Reuters] Turkey officially designates Gulen religious group as terrorists