Monday, July 1, 2019

Monday Evening Links

[Bloomberg] USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies

[Reuters] Wall Street ends with gains on renewed trade hopes

[Reuters] Oil steadies on OPEC cuts, but oversupply fears persist

[Reuters] Trump says any China trade deal would need to be somewhat tilted in U.S. favor

[CNBC] Companies are warning that earnings results are going to be brutal

[AP] Why wealth gap has grown despite record-long economic growth

[Reuters] Hong Kong police fire tear gas in running battles after protesters trash legislature

[Bloomberg] Asia’s Banks Must Brace for Worsening Storm, McKinsey Says

[WSJ] Bond Exchange-Traded Funds Pass $1 Trillion in Assets

[WSJ] American Suburbs Swell Again as a New Generation Escapes the City

[FT] Turkey and the US are heading for a high stakes crisis

[FT] Global manufacturing slump deepens as trade conflict bites

Monday's News Links

[Reuters] U.S.-China trade truce pushes global stocks higher

[Reuters] Oil firms as OPEC+ poised to extend supply cut

[Reuters] U.S. factory activity growth weakest in June since 2016: ISM

[Reuters] Asia's factory activity shrinks, U.S.-China trade truce fails to brighten outlook

[CNBC] Morgan Stanley on trade truce: No real progress, downside risks to economy and market remain

[SCMP] Despite Donald Trump and Xi Jinping’s G20 handshake, mistrust and disputes persist in US-China trade war

[Reuters] Taiwan president to visit U.S. this month, move likely to anger China

[MarketWatch] Eurozone factory confidence dips on trade disputes

[Reuters] EU leaders suspend talks without deal on top jobs, Macron fumes

[Reuters] Hong Kong protests descend into chaos in direct challenge to China

[AP] Japan to restrict exports to South Korea, citing less trust

[Reuters] Iran says it has breached 2015 nuclear deal's stockpile limit

[Bloomberg] U.S.-China Trade Deal No More Likely After Truce, Chinese Adviser Says

[Bloomberg] Economists Are Skeptical That Trump-Xi Truce Will Rescue Growth

[NYT] Trump Restarts China Trade Talks, but the Two Sides Remain Far Apart.

[WSJ] Analysis: Fed Officials Will Find Little to Boost Outlook From Trade Truce

[FT] Currency warrior: why Trump is weaponising the dollar

[FT] Chinese tourism hit by trade war and renminbi depreciation