Wednesday News Links

[Reuters] Global stocks gain as trade talk hopes rise, rate-cut pressure ebbs

[MarketWatch] U.S. trade deficit in goods widens 5.1% to $74.5 billion in May

[AP] US durable goods orders fall 1.3% in May with aircraft down

[Reuters] Trump says he would impose additional tariffs on China: Fox Business

[CNBC] Mnuchin: ‘We were about 90% of the way’ on China trade deal and there’s a ‘path to complete this’

[CNBC] Stephen Moore says the US-China trade war will be an epic battle that lasts ’10 or 15 years’

[The Hill] Trump says Google, Facebook should be sued over bias allegations

[Reuters] Masters of what universe? Central bankers in a bind as G20 bickers over trade

[Reuters] More than half Chinese consumers shun U.S. goods due to trade war: survey

[Reuters] U.S. mortgage applications rise as loan rates fall: MBA

[Reuters] North Korea says U.S. extension of sanctions 'a hostile act': KCNA

[Reuters] Trump committed to campaign to oust Venezuela's Maduro: U.S. envoy

[CNBC] The trade war is weighing on Chinese home buying in the US

[Bloomberg] U.S. Set to Delay More China Tariffs Ahead of Trump-Xi Meeting

[Bloomberg] Draghi Tests Legal Limits Again With Claim of QE Flexibility

[Bloomberg] Bond Bulls Near First-Half Record With $72 Billion ETF Inflows

[Bloomberg] China Trimming U.S. Debt Comes Home to Roost in Swap Spreads

[Bloomberg] China’s Economy Shows Modest Improvement in 2Q, Beige Book Says

[Bloomberg] For China, Kicking a $9 Trillion Habit Is Tough Work

[Bloomberg] Natixis's H20 Funds Hemorrhage $6.4 Billion as Crisis Deepens

[NYT] Fed Chair Powell Weighs Whether Cut Will Be Needed as Risks Loom

[WSJ] Hopes for Resolving U.S.-China Trade Fight Hinge on Trump and Xi

[WSJ] Powell Says Fed Won’t Bend to Political Pressure

[WSJ] Push to Overhaul Fannie, Freddie Nudges Up Mortgage Costs

[WSJ] Japan’s Banks Pinched by Zero-Yield Experiment

[FT] Why are central banks fixated on inflation expectations?

[FT] Europe on alert as unprecedented heatwave approaches

Tuesday Evening Links

[Reuters] Asia stocks slip after Fed tempers aggressive rate cut expectations

[Reuters] Wall Street drops on trade worries, Fed Chair Powell's speech

[Reuters] Gold soars to six-year high, stocks slide after Powell speech

[Reuters] Treasuries - Yields fall as trade war concerns offset Bullard comments

[Reuters] Fed pushes back on aggressive U.S. rate cut views

[Reuters] Powell says Fed is wrestling with whether to cut rates, insulated from politics

[Reuters] Fed's Bullard says he doesn't see need for half-point rate cut - Bloomberg interview

[Reuters] Fed's Bullard says he was approached about possible Fed board seat

[Reuters] U.S. hopes to re-launch China trade talks, won't accept conditions on tariffs: official

[Reuters] Trump and Xi meet Saturday — If it goes poorly, the global economy could teeter into recession

[The Hill] CBO projects 'unprecedented' debt of 144 percent of GDP by 2049

[Reuters] UK PM contender Johnson challenges rival to commit to Oct. 31 Brexit date

[Reuters] Trump threatens 'obliteration' as Iran condemns sanctions on Khamenei

[WSJ] Fed’s Powell: Trade Uncertainty, Global Growth Worries Could Prompt Rate Cuts

[WSJ] China’s Consumers Turn Cautious, Weakening President Xi’s Hand Before Trump Meeting

[WSJ] U.S., Iran Step Up Rhetoric After Washington’s Sanctions Threat