Thursday's News Links

[Reuters] S&P, Nasdaq lower after four-day rally

[Reuters] Global Markets - ECB's super stimulus salvo sends stocks, euro higher

[Reuters] U.S. new weekly jobless claims drop below 2 million

[Yahoo/Bloomberg] ECB Unveils Bigger-Than-Expected Boost to Crisis Bond Buying

[CNBC] Coronavirus live updates: U.S. hospitalizations on the rise, former FDA chief says

[Yahoo/Bloomberg] Fed to Stay the Course With Yield-Curve Control Likely Ahead

[Reuters] Exclusive: U.S. to impose restrictions on additional Chinese media outlets - sources

[AP] California lawmakers agree to close $54.3 billion budget gap

[AP] Eurozone economy forecast to shrink 8.7% this year

[Yahoo/Bloomberg] China’s Yuan Joins Ranks of World’s Most Influential Currencies

[Reuters] Brazil sets record for daily coronavirus deaths, beating Tuesday

[Yahoo/Bloomberg] Hong Kong Confident Dollar Peg Will Survive U.S.-China Tension

[Yahoo/Bloomberg] China’s Bond Traders Brace for More Pain as Slump Deepens

[Bloomberg] U.S. Total Trade Slumps to Lowest Level in Almost a Decade

[Bloomberg] A $1 Trillion Fed-Fueled Borrowing Bonanza for the Creditworthy

[WSJ] Chinese Bond Yields Climb

[FT] Hedge funds brace for second stock market plunge

[FT] Art sales fall 97% at the biggest auction house

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Pile On Gains With Exuberance Taking Over: Markets Wrap

[Reuters] Wall Street rises on Boeing, economic recovery hopes

[Reuters] New U.S. restrictions on 33 Chinese firms, institutions take effect June 5

[AP] US service sector contracts for second month in May

[Reuters] Fed expands municipal liquidity program to include transit, airports, utilities

[Yahoo/Bloomberg] Fed Flirting With Moral Hazard to Keep Markets Open, Dudley Says

[AP] Hints of economic reawakening amid mass, civic unrest

[AP] Pandemic brings 1st Australian recession in 29 years

[Reuters] Some global firms consider moving treasury operations out of HK: sources

[WSJ] How Payday Lenders Target Consumers Hurt by Coronavirus

[FT] Illinois taps Federal Reserve for $1.2bn emergency funding