Tuesday's News Link

[Reuters] Futures surge on early signs of coronavirus slowdown in hot spots

[Reuters] Coronavirus hopes propel stocks, euro higher

[Reuters] Oil gains as hopes rise for production cut amid coronavirus outbreak

[CNBC] Coronavirus live updates: USNS Comfort crewmember tests positive, Spain sees an uptick in deaths

[CNBC] UK Prime Minister Boris Johnson is ‘stable’ and in ‘good spirits’ in intensive care for coronavirus

[Reuters] China's March forex reserves fall more than expected to 17-month low

[CNBC] Mortgage forbearance requests jump nearly 2,000% as borrowers seek relief during coronavirus outbreak

[AP] Japan declares state of emergency, ramping up virus battle

[AP] After virus fades, service industries may be changed forever

[Yahoo/Bloomberg] Emerging Markets Are Peering Over the Precipice

[MarketWatch] Housing market shows first signs of trouble from pandemic

[Reuters] In a first, China knocks U.S. from top spot in global patent race

[Bloomberg] Yields Just Keep Climbing in India Even With All That RBI Does

[WSJ] Investors Saw Office Buildings as Safe. Not During This Pandemic.

[FT] US small business rescue runs into operational difficulties

[FT] Downgrades flood junk bond market with ‘fallen angels’

[FT] Stock buybacks expected to halve as companies bolster defences 

Monday Evening Links

[Reuters] Asian shares poised to climb after Wall Street rallies

[CNBC] Coronavirus live updates: Asia stocks jump on hopes of slowing virus spread, Boris Johnson in intensive care

[Reuters] U.S. banks grapple with system glitches, paperwork snags as small-business program ends fourth day

[Reuters] Trump says considering second round of direct payments to Americans

[Reuters] Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen: Jiji

[Reuters] S&P lowers Brazil outlook to 'stable,' but door still open to upgrade

[Bloomberg] Welcome to the $1.5 Trillion Minefield of Defaulted Chinese Debt

[NYT] Federal Reserve Moves to Pump Up Small Business Lending

[WSJ] Credit Markets Show Signs of Stabilizing After Historic Fed Intervention

[FT] Christine Lagarde’s $810 Billion Coronavirus U-Turn Came in Just Four Weeks

Monday Afternoon Links

[Reuters] Wall Street surges on hopes of slowing coronavirus deaths

[CNBC] Gold is back above $1,700. Charts suggest an even bigger rally

[Reuters] Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar

[Reuters] UK PM Johnson moved to intensive care as COVID-19 symptoms worsen

[Reuters] Fed says it will provide financing against new U.S. 'payroll protection' loans

[CNBC] Coronavirus live updates: US deaths top 10,000, mortgage industry on brink of ‘complete chaos’

[CNBC] Coronavirus mortgage bailout: ‘There is going to be complete chaos,’ says industry CEO

[MarketWatch] Investors should prepare for a coronavirus-induced ‘vicious spiral’ more than twice as bad as the financial crisis, says J.P. Morgan

[Reuters] U.S. consumers fear for jobs, debt payments due to coronavirus: NY Fed survey

[Reuters] Florida, Nevada may be hit hardest by coronavirus economic shock: study

[Reuters] Germany draws up plans to relax lockdown after April 19

[Bloomberg] IMF Mulls Fed-Like Program to Supply Dollars to More Economies

[Bloomberg] Jamie Dimon Sees ‘Bad Recession’ and Echoes of 2008 Crisis Ahead

[FT] Argentina puts off payments on $10bn in local-law debt