Monday's News Links

[Reuters] Stocks lower on fears of another wave of virus infections

[Yahoo/Bloomberg] European Stocks Erase Earlier Gains as Oil Sinks Energy Shares

[CNBC] China under pressure to write off loans as countries struggle to repay debt during coronavirus crisis

[CNBC] Coronavirus live updates: Cheap, rapid tests expand US toolbox, Germany on watch as restrictions eased

[Reuters] As U.S. meat workers fall sick and supplies dwindle, exports to China soar

[Reuters] Germany surge sounds coronavirus alarm as world takes steps to reopen

[AP] Chinese investment in US drops to lowest level since 2009

[Reuters] Saudi Arabia to raise VAT threefold amid 'painful' austerity measures

[Yahoo/Bloomberg] Risks Abound in Emerging Markets as Traders Grapple With Shocks

[Yahoo/Bloomberg] Rout of China’s Bonds Worsens Amid Concerns on Surge in Issuance

[Yahoo/Bloomberg] China’s Robust April Credit Growth Shows Policy Support Working

[Yahoo/Bloomberg] PBOC Vows Stronger Pro-Growth Policy But Leaves Details Vague

[Yahoo/Bloomberg] India Bonds Drop by Most Since 2017 on Modi’s New Borrowing

[Yahoo/Bloomberg] Funding Risks Emerge for India Inc. as Modi Boosts Borrowing

[Yahoo/Bloomberg] Turkey Lifts Ban on Lira Trading With BNP, Citi, UBS in U-Turn

[Bloomberg] ECB Heads for More Stimulus Even as Courts Spar Over Its Limits

[Bloomberg] The Billionaire Poker Club Behind China’s Most Indebted Developer

[NYT] Repeat After Me: The Markets Are Not the Economy

[WSJ] The Coronavirus Sees China’s Local Governments Binge on Off-the-Books Debt

[WSJ] Factories Close for Good as Coronavirus Cuts Demand

[FT] The Fed’s Vietnam moment

[FT] US-China economic decoupling accelerates in first quarter of 2020

Sunday Evening Links

[CNBC] US stock futures rise following back-to-back rallies on Wall Street

[Reuters] Oil prices fall 1% as glut weighs

[Reuters] White House considers more coronavirus aid as jobs picture worsens

[CNBC] Coronavirus live updates: Italy reports lowest daily death toll, UK outlines ‘conditional’ plan to slowly reopen

[Yahoo/Bloomberg] Bond Market Veers From Historic Rallies to Record-Smashing Sales

[CNBC] US is risking a second coronavirus wave and a depression, economist Mark Zandi warns

[Reuters] Turkey threatens to target Haftar's forces in Libya if attacks persist

[Bloomberg] Trump Urges U.S. Back to Work While Combating In-House Outbreak

[Bloomberg] Risks Abound in Emerging Markets as Traders Grapple With Shocks

[WSJ] Corporate Debt, Distress and More Borrowing