Wednesday's News Links

[Bloomberg] U.S. Stocks Down, Bucking Rally in Europe Shares: Markets Wrap

[Reuters] Yen holds near multi-month highs as risk-aversion persists

[Bloomberg] Melenchon Crashes Front-Runners’ Party as French Risks Rise

[Bloomberg] Why the Fed Might Have to ‘Live’ With a Large Balance Sheet

[Reuters] Trump's message to bankers: Wall Street reform rules may be eliminated

[Reuters] Puerto Rico seen sliding toward bankruptcy as deadline nears

[Reuters] U.S. mortgage activity rises in latest week: MBA

[Bloomberg] China's Central Bank Faces a $600 Billion Test

[Bloomberg] China Producer Price Reflation Moderates as Commodities Cool Off

[Reuters] Two reasons why Italians are turning sour on the euro

[CNBC] Russia gives Tillerson a dressing down, demands to know the White House's real intentions on Syria

[Reuters] Japanese, U.S. navies plan joint show of force towards North Korea

[NYT] As Tillerson Begins Russia Talks, Putin Leaves Him Guessing

[WSJ] Trump Taps Another Trade Hawk, Invokes New Import Penalties

[FT] Fears mount over US construction boom

[WSJ] Forget France, Italy Could Be Markets’ Big Risk

[FT] BIS raises fears over $12tn global repo market

[WSJ] Higher Yields Damp China’s Corporate Bond Market

[FT] Stakes rise in Portugal’s battle with major investors

[FT] Win or lose, Le Pen could change the political landscape

Tuesday Evening Links

[Bloomberg] Asia Stocks Mixed as Haven Bids Ease; Yen Steadies: Markets Wrap

[Bloomberg] Gold, Yen Climb to 5-Month Highs as Refuges Sought: Markets Wrap

[Bloomberg] Yen Gains Against All G-10 Peers as Geopolitical Tensions Rise

[Bloomberg] Extreme Positioning in Options Markets Can Offer Trade Signals, Says Morgan Stanley

[WSJ] The 2017 Short Trade That’s Getting Pummelled This Week

[FT] Gold miners jump as jitters prompt haven buying

[Reuters] North Korea warns of nuclear strike if provoked; Trump 'armada' steams on

[WSJ] White House Says Russia Tried to Cover Up Syrian Chemical Attack