Tuesday, May 28, 2019

Wednesday's News Links

[Reuters] Stocks slide as rising trade tensions fuel slowdown worries

[Reuters] Bond bulls get a boost as trade tensions fan recession fears

[CNBC] 3-month yield tops 10-year rate in widest curve inversion since financial crisis

[Reuters] China ready to hit back at U.S. with rare earths: ruling party newspaper

[Reuters] China central bank makes biggest daily net OMO injection in over four months

[CNBC] Weekly mortgage applications drop 3.3%, as spring housing season draws to a close

[AP] European Central Bank sends Italy a warning over debt

[Reuters] In China's Baoshang debt repayment, haircuts of 30% possible: sources

[Reuters] Ex-ECB head Trichet denounces rigid inflation targeting

[Reuters] Top U.S. security aide: Iranian mines likely caused UAE tanker blasts

[Bloomberg] U.S. Risks ‘Devastating’ Blow From China’s Rare Earths Monopoly

[Bloomberg] China Gears Up to Weaponize Rare Earths in Trade War

[Bloomberg] Rattled China Investors Worry What's Next After Bank Seizure

[Bloomberg] China's Economy Weakened in May, Early Data Show

[Bloomberg] China's High-Yield Bond Market Has Ballooned to $159 Billion

[FT] Baoshang takeover spotlights China financial system perils

[FT] Investors raise bets on Fed making two rate cuts

[FT] The race to replace Mario Draghi

[FT] China hits out at US over Huawei blacklisting at WTO meeting

[FT] Chinese cities warned to keep lid on house price rises

[FT] Pork prices soar as China struggles to contain swine fever outbreak

Tuesday Evening Links

[Reuters] Wall St. loses early gains as trade concerns abound

[Reuters] U.S. yields drop to 20-month low on trade, Italy concerns

[CNBC] Falling interest rates are sending a warning signal to the stock market

[CNBC] An under-the-radar way to measure economic growth in China is painting a bleak picture

[Reuters] U.S. Treasury says nine trade partners deserve scrutiny over currency practices

[CNBC] The next downturn could see a ‘radicalization’ of the policies used during the financial crisis

[Reuters] Strong labor market boosts U.S. consumer confidence

[Reuters] U.S. auto sales seen slipping 2.1% in May: J.D. Power, LMC Automotive

[Reuters] EU could slap 3 billion euro fine on Italy for excessive debt: Salvini

[SCMP] China showing signs similar to Japanese housing bubble that led to its ‘lost decades’, expert warns

[Bloomberg] Key Slice of U.S. Yield Curve Dives Further Into Inversion Zone

[Bloomberg] N.Y. Fed Loses Top Officers Including Potter in Rare Double Exit

[Bloomberg] Apple and Nike Brace for China's Wrath After Huawei Ban

[Bloomberg] Bannon Urges Trump to ‘Go All the Way’ in China Trade War

[Bloomberg] Buyer's Remorse: High Debt and Low Pay Leave Some College Grads Rueful

[NYT] The Trade War’s Next Front? China’s Access to Wall Street

[WSJ] Global Bond Yields Hit Multiyear Lows

[FT] China's state planner suggests using rare earths in US trade war