Wednesday's News Links

[Reuters] S&P 500 at record high on rising rate cut hopes

[Reuters] Dollar struggles as U.S. yields fall, dovish BoE weighs on pound

[AP] US trade deficit rises to 5-month high of $55.5B in May

[Reuters] U.S. factory orders fall for second straight month

[Reuters] U.S. private sector adds 102,000 jobs in June: ADP

[Reuters] U.S. government staff told to treat Huawei as blacklisted

[Reuters] UK PM candidate Johnson says he backs Hong Kong people 'every inch of the way'

[Reuters] China's top paper warns 'turbulence' could hurt Hong Kong's economy

[Bloomberg] The Politicians Take Charge at the ECB

[Bloomberg] U.S. Yields Hit Lowest Since 2016 as Stocks Rise

[Bloomberg] U.S. Slaps Import Duties of More Than 400% on Vietnam Steel

[Bloomberg] Traders Have a Challenge Spotting India's Hidden, Growing Debt

[NYT] Trump Taps Two Fed Nominees, One Conventional, the Other Not

[WSJ] Lagarde Has Investors Betting on Easy Money for Europe

[WSJ] China Knows What It Wants—the U.S. Still Doesn’t

[FT] Huawei: still fighting for survival despite Trump truce

[FT] India’s shadow banking crisis sparks credit crunch

Tuesday Evening Links

[Reuters] Wall St. ends higher

[Reuters] Gold jumps 1.5% as yields dropped on global on growth concerns

[Reuters] Treasuries - U.S. yields fall on growth worries, U.K. gilt rally

[Reuters] Oil dives 3% on demand worries even as OPEC, allies extend cuts

[CNBC] Trump to nominate Judy Shelton, Christopher Waller to the Federal Reserve

[Reuters] White House's Navarro says China trade deal will take time: CNBC

[Reuters] EU leaders agree on France's Lagarde to lead ECB

[Reuters] Fed's Mester says she needs more information to support rate cut

[Reuters] Money Markets - Traders add bets on 50 bps U.S. rate cut in July

[Reuters] Automakers post mixed U.S. June sales; SUVs, truck sales stay strong

[Reuters] EU leaders' tentative deal on top jobs hits opposition in parliament

[AP] EU leaders battle to end embarrassing top jobs impasse

[Reuters] Pentagon says China missile test in South China Sea 'disturbing'

[Bloomberg] Fed's Mester Lays Out the Case Against a July Interest-Rate Cut

[Bloomberg] A Lagarde-Run ECB Might Mean a Very Different Kind of Presidency

[Bloomberg] ‘Heaven and Hell’ Now Perfectly Priced in Markets, Pimco Warns

[Bloomberg] Why India’s Troubled Shadow Banks Spook the Market

[WSJ] Christopher Waller, Judy Shelton Are Trump’s Latest Picks for Fed Board

[WSJ] Fed's Mester: Too Soon to Say What Happens Next With Rates

[WSJ] China’s Deleveraging Is Over

[WSJ] China Hardens Line on Hong Kong Protests, Hinting It Could Intervene

[FT] Hong Kong mayhem sparks wave of anger in Beijing