Thursday's News Links

[Reuters] Wall Street jumps as China data fuels recovery hopes

[Reuters] Stocks cheer China trade relief, bonds face debt deluge

[Reuters] Oil jumps on China export bounce, longer term outlook weak

[Reuters] Brazil's real hits new low after bigger-than-expected rate cut

[Yahoo/Bloomberg] Turkish Lira Falls to Record, Defying Efforts to Stem the Slide

[AP] 33 million have sought US unemployment aid since virus hit

[SCMP] US-China trade chiefs to have call as Donald Trump and coronavirus threaten phase one deal

[Reuters] China's exports unexpectedly rise even as coronavirus batters global demand

[CNBC] Coronavirus live updates: Moderna vaccine candidate takes ‘crucial step,’ Germany warns crisis is not over

[SCMP] Coronavirus: China could cut US debt holdings in response to White House Covid-19 compensation threats, analysts say

[CNBC] Investor fear of missing out is ‘not a good sign’ for markets, warns Morgan Stanley

[CNBC] Wall Street is too optimistic as global economies start reopening, Stephen Roach warns

[AP] UK economy forecast to shrink by most since 1706

[Reuters] What do studies on new coronavirus mutations tell us?

[Bloomberg] Bolsonaro’s Political Woes Mount While Covid-19 Ravages Brazil

[Bloomberg] World Economy Plummeted 4.8% in April, Bloomberg Tracker Shows

[Bloomberg] The Alarming Rise of Algorithms as Heroes of the Stock Recovery

[WSJ] The Glut Drowning the Oil Market

[WSJ] KKR Reports Loss of More Than $1 Billion, Hurt by Market Volatility

[WSJ] Fed’s Barkin Says Eventually U.S. Must Address Massive Deficits

[FT] From blood clots to ‘Covid toe’: the medical mysteries of coronavirus | Free to read

[FT] Investors fear Italy is heading for ‘junk’ borrower status

[FT] Crunch time for US tenants and landlords

[FT] Private-equity backed companies dominate lowest depths of junk

Wednesday Evening Links

[Reuters] Asia stocks set to track soft Wall Street lead amid pandemic worries

[AP] Wall Street dips to week’s first loss despite tech’s efforts

[CNBC] Coronavirus live updates: Brazil posts record daily new cases, American Airlines requires staff to wear masks

[Yahoo] SHRM Survey: COVID-19 Could Shutter Most Small Businesses

[Reuters] Fed lending program not for insolvent oil drillers, Kaplan says

[Reuters] Pompeo blames China for hundreds of thousands of virus deaths, denies inconsistency

[WSJ] Deficit Fears Put Senate Republicans and Trump on Coronavirus Collision Course

[FT] ECB to resist German court order to justify bond purchases

[FT] US Treasury plumps for longer-term debt to fund $3tn stimulus

[FT] Turkish lira nears record low after efforts to curb selling

Wednesday Afternoon Links

[Reuters] S&P 500, Dow drop as Trump casts doubt on China trade deal

[CNBC] Coronavirus live updates: Pandemic threatens US dairy farms, record private payrolls lost in April

[AP] EU forecasts ‘recession of historic proportions’ this year

[CNBC] Airlines want relief from flying near-empty planes as passenger numbers hit lowest since the 1950s amid virus

[Reuters] Special Report: U.S. rearms to nullify China's missile supremacy

[Bloomberg] U.S. Debt Sales to Hit Record With Deficit Headed to $4 Trillion

[Bloomberg] Euro Area Under Threat From Uneven Virus Shock, EU Warns

[Bloomberg] IMF Says World Needs $20 Trillion Public Investment Post Virus

[WSJ] Coronavirus Casts Deep Chill Over U.S.-China Relations

[WSJ] Investors Shun European Junk Bonds While Risky U.S. Debt Rebounds