Tuesday's News Links

[Reuters] 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

[CNBC] Trump says ‘devalued’ currencies put US at a disadvantage and the Fed doesn’t have a ‘clue’

[AP] Trump signals frustration with Fed’s independent policies

[AP] China mum on Trump-Xi meeting as Huawei says sales slowing

[Reuters] 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

[Bloomberg] China Sets Yuan Fixing Stronger Than Expected in Sign of Defense

[Bloomberg] Regulators Alarmed by Risky Loans, But Don’t Know Who Holds Them

[NYT] Trump Says Mexico Tariffs Worked, Emboldening Trade Fight With China

[WSJ] Global Stocks Rise as China Plans New Stimulus Measures

[FT] 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

Monday Evening Links

[Reuters] 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

[Bloomberg] 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

[WSJ] ‘Not My People’—Trump Hectoring of Fed Chairman Complicates Rate Calls

[FT] US corporate cash pile shrinks as spending climbs post-tax cuts