Tuesday, September 3, 2019

Tuesday Evening Links

[Reuters] Wall Street pushed down by weak data, trade worries

[BBC] Brexit: No-deal opponents defeat government

[AP] Major defeat for British PM as lawmakers seize Brexit agenda

[Reuters] U.S. manufacturing shrinks, 10-year yield hits three-year low

[CNBC] Trump was so angry after China’s trade retaliation that he wanted to double tariffs

[Axios] Despite promises, Trump's trade deficits are only growing

[Bloomberg] Fed's Rosengren Sees ‘No Immediate’ Easing Needed

[Bloomberg] ECB’s Villeroy Signals Skepticism Over Fresh Bond Buying

[Bloomberg] ECB’s Muller Joins Skeptics Seeing No Need to Resume Bond-Buying

[Bloomberg] Crisis Among India Shadow Banks Pushes Up Funding Costs Overseas

[Bloomberg] Chile Cuts Benchmark Rate to 9-Year Low as Economy Weakens

[Bloomberg] Japan’s Small Banks Load Up on Risk as They Fight to Survive

[WSJ] Dollar Hits Two-Year High as Yuan Slumps

[FT] US companies raise $28bn of cheap debt in a single day

Tuesday's News Links

[Reuters] Wall St. lower as U.S.-China trade tensions weigh

[Reuters] Global stocks stumble toward two-month lows as U.S. data looms

[CNBC] 10-year Treasury yield dives to 3-year low after manufacturing sector contracts in August

[Reuters] Argentina's peso under scrutiny following capital controls, as U.S. markets reopen

[AP] Pound slides on Brexit, on track for lowest close since 1985

[Reuters] Oil drops 2% as trade war rumbles on and output swells

[Reuters] U.S. factory sector contracts for first time since 2016: ISM

[Reuters] Trump warns China against dragging its feet in trade talks

[CNBC] It’s up to Trump to break the standstill in US-China trade war, says advisor to Beijing

[Reuters] Brexit showdown: British lawmakers bid to block PM leaving EU with no deal

[Reuters] China stimulus splurge would hurt rating - S&P Global

[Reuters] Exclusive: ECB package could include rate cut, tiering, new guidance: sources

[SCMP] China concessions to US would be ‘grave error’ in any trade deal

[SCMP] China in new growth push to fight prolonged US trade war, top policy body indicates

[Yahoo/FT] Central banks are locked in currency wars they cannot win

[CNBC] Here’s a list of recession signals that are flashing red

[Bloomberg] China’s Most Indebted Firm Is Too Big to Fail

[WSJ] U.S.-China Trade War’s Global Impact Grows

[WSJ] Thinning Liquidity Adds to Headaches for Traders

[WSJ] Ailing Chinese Bank Stops Paying Coupons on CoCo Bonds

[WSJ] Chinese Steel Slowdown Slams Iron-Ore Prices

[FT] Argentina’s creditors face debt restructuring dilemma

[FT] Central banks are locked in currency wars they cannot win

[FT] Summer turns up the heat in corporate bond markets

[FT] Why central bankers may be hurting rather than helping lenders