Wednesday's News Links

[Reuters] Wall Street higher on recovery optimism

[Yahoo/Bloomberg] China’s Sliding Yuan Leaves Offshore Rate on Brink of Record Low

[Reuters] Dollar gains and yuan hits nine-month low as U.S.-China tensions return

[MarketWatch] Treasury yields rise on optimism about economic recovery, EU and Japan fiscal stimulus

[CNBC] EU unveils plan to borrow 750 billion euros to aid economic recovery

[Reuters] Coronavirus pushes global credit rating downgrade threat to record high

[CNBC] Coronavirus live updates: Brazil outbreak threatens Bolsonaro; vaccine a ’2021 event,′ former FDA chief says

[Reuters] U.S. mortgage applications rise for sixth straight week

[AP] Trump threatens social media after Twitter fact-checks him

[Reuters] Trump says U.S. to take action on China over Hong Kong this week

[Reuters] China expands scope of Hong Kong security legislation: media reports

[Yahoo/Bloomberg] The Fed Boldly Saves Markets. Now It’s Worrying About Main Street Business

[Reuters] Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

[Yahoo/Bloomberg] Japan’s Bond Issuance to Exceed 200 Trillion Yen This Year

[Yahoo/Bloomberg] Euro-Area Economy Closer to ECB’s Worst-Case Estimates, Lagarde Says

[Bloomberg] EU Aims to Back Struggling South With Fiscal Shock and Awe

[Bloomberg] Yuan Drop Steepens Amid Speculation China Allowing Depreciation

[WSJ] Fannie and Freddie’s Capital Dilemma

[WSJ] Two Chinese Tech Firms Prepare Hong Kong Listings as U.S. Pressure Rises

[WSJ] Japanese Farmers’ Foray Into Risky U.S. Debt Leaves $3.7 Billion Hole

[FT] What is China’s proposed national security law for Hong Kong?

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stock Rally Tempered by China Tensions; Oil Rises: Markets Wrap

[Reuters] Dollar weakens as investors' risk appetite ramps up

[Reuters] Treasuries - Yields rise on improving risk appetite

[The Hill] Trump 'displeased' with China's proposal to crack down on Hong Kong, White House says

[Reuters] Trump adviser warns China, says U.S. would pay firms to shift from Hong Kong

[AP] US new-home sales post slight gain in April

[CNBC] Coronavirus live updates: Virus piles onto millennial economic woes; Brazil death toll could surge this summer

[CNBC] Congress will ‘probably’ have to pass another coronavirus stimulus bill, Mitch McConnell says

[Reuters] Coronavirus may sow seeds of next financial crisis: ECB

[Yahoo/Bloomberg] Debt-Ridden Argentina Can’t Stop Precious Dollars Draining Away

[Yahoo/LA Times] Column: Moderna execs sold $29 million in stock after its early vaccine announcement

[Fox] Chinese state-run media call US threats over Hong Kong 'nothingburger'

[Bloomberg] U.S. Weighs Sanctions on Chinese Officials, Firms Over Hong Kong

[FT] Top-rated companies raise $1tn in 5 months to fill ‘war chests’