Thursday's News Links

[BloombergQ] Stocks Drop, Bonds Rise as Trade Tensions Simmer: Markets Wrap

[BloombergQ] Trump Slaps Steel Tariffs on Closest Allies as Tensions Rise

[Reuters] U.S. to impose tariffs on EU steel, aluminum

[Reuters] Europe will give determined response to any U.S. tariffs: Merkel

[Reuters] German carmakers hit by report Trump threatens to drive them off U.S. streets

[Reuters] U.S. consumer spending records biggest gain in five months

[Reuters] Salvini, Di Maio to meet in last-ditch bid to avert Italian election

[Reuters] Spanish PM's future in balance as no-confidence debate hots up

[Reuters] China May factory growth at 8-month high, but tight funding hits smaller firms

[Reuters] Japan's factory output growth slumps in April, dims production prospects

[BloombergQ] Italy's President Asks Populists: Call Me When You're Ready

[BloombergQ] EU Braces for Trump Broadside as Steel Tariff Deadline Looms

[CNBC] Euro zone inflation well above expectations in May

[CNBC] Deutsche Bank US operations designated to be in 'troubled condition' by the Fed

[CNBC] A $523 monthly payment is the new standard for car buyers

[BloombergQ] Soros Contention on Global Crisis `Ridiculous,' Gorman Says

[WSJ] Storm Clouds Gather Over the Fed

[WSJ] Why Italian Markets Were Primed for a Blowup

[WSJ] Fed Backs Easing Volcker Rule Restrictions on Big Banks’ Trading

[FT] Italy turmoil gives Draghi dilemma over ECB’s plan of action

[FT] Rajoy under fire: how Spain’s PM could be pushed out

Wednesday Evening Links

[CNBC] Dow jumps more than 300 points after banks rebound; small caps hit new record

[Reuters] Italy's Cottarelli opens door to possible eurosceptic government

[CNBC] This bond market alarm went off when investors freaked out about Italy

[BloombergQ] Navarro Rebukes Mnuchin Over Trade Truce Before China Talks

[Reuters] U.S. factories shift into 'higher gear' despite trade worries: Fed

[BloombergQ] Fed Says Economy Grew `Moderately' Amid Strong Manufacturing

[BloombergQ] Online Lenders Tighten Rules as Default Wave Rattles Investors

[BloombergQ] Brazil's Recovery Threatened by Strike And Domestic Turmoil

[WSJ] U.S. Plans to Hit EU With Steel, Aluminum Tariffs

[WSJ] U.S. Tariff Threat Could Scuttle Planned Trade Talks With China

[WSJ] Then and Now: The Italian Crisis in Seven Charts