Wednesday, May 3, 2017

Thursday's News Links

[Bloomberg] Oil Rout Takes U.S. Stocks Lower; Treasuries Slip: Markets Wrap

[Reuters] Macron, earnings hopes send European shares to 20-month high

[Bloomberg] China Stock Slump Deepens as Regulatory Crackdown Spooks Traders

[Reuters] Oil prices fall below $47 a barrel to weakest level since OPEC announced output cuts

[Bloomberg] Metals Extend Sell-Off on Mounting Concerns Over Demand in China

[Bloomberg] U.S. Productivity Falls by Most in a Year; Labor Costs Climb

[Reuters] Trump faces major test as vote looms on U.S. healthcare bill

[Reuters] S&P 500 tech index edges toward $5 trillion while Apple steals spotlight

[Bloomberg] Why the Retail Crisis Could Be Coming to American Groceries

[Bloomberg] U.S. Trade Gap Narrower Than Forecast as Service Exports Rise

[Reuters] China April service sector growth slowest in nearly a year: Caixin PMI

[Bloomberg] China's Risk Crackdown Is Rattling its Municipal Bond Market

[Bloomberg] Surging Debt Has Weakened Australia's Resilience, RBA's Lowe Says

[WSJ] Fed Sees Growth Rebounding, Remains on Track for Two More Rate Rises in 2017

[WSJ] The Investor Anxiety that the Market’s ‘Fear Gauge’ Is Missing

[WSJ] Iron Buckles Under Tighter Chinese Credit

[FT] China commodities prices dive as liquidity tightens further

[FT] Wilbur Ross demands results after ‘endless’ dialogue on trade deficit

[WSJ] Trump’s Plan to Isolate North Korea Faces Trouble—in the South

[Reuters] North Korea Issues Direct Criticism of China Amid Nuke Dispute

Wednesday Evening Links

[Bloomberg] U.S. Stocks Slip in Copper Rout, Fed Boosts Dollar: Markets Wrap

[Bloomberg] Fed Refrains From Rate Hike While Maintaining Sunny Outlook

[Bloomberg] Service Industries in U.S. Grow at Faster Pace Than Forecast

[Bloomberg] Puerto Rico Files for Historic $70 Billion Debt Restructuring

[Bloomberg] Bernanke Questions Strategy and Timing of Trump Tax Cut Plans

[WSJ] Banks Pull Back on Car Loans as Used-Auto Prices Plummet

[WSJ] Puerto Rico Placed Under Bankruptcy Protection