Tuesday, September 3, 2019

Wednesday's News Links

[Reuters] Stocks higher as robust Chinese data eases growth worries

[Reuters] U.S. trade deficit narrows slightly as exports rise

[Reuters] Weekly mortgage refinances fall further, despite lower interest rates

[Reuters] China service sector activity rises to three-month high-Caixin PMI

[Reuters] British PM Johnson demands October 15 election after defeat over Brexit

[Reuters] China will cut bank reserve requirement in 'timely manner': state media

[Reuters] Australia's economy slows to decade low, government spurns stimulus

[Reuters] To cut or not? Dueling Fed views boost pressure on Powell

[Reuters] Fed's balance sheet could end up higher than $4 trillion: projections

[Reuters] Hong Kong leader withdraws extradition bill, but some say too little too late

[Bloomberg] China Cabinet Calls for ‘Timely’ Moves to Support Economy

[Bloomberg] Hungry Leveraged Loan Buyers Pin Hopes on Busy M&A Pipeline

[Bloomberg] El-Erian: Fed and ECB Bend to Markets Ahead of Economy

[Bloomberg] HNA Cash Drops 20 Times Faster Than Debt as Asset Sales Drag On

[FT] Lagarde calls on European governments to launch fiscal stimulus

[WSJ] How U.S. Banks Took Over the World

[WSJ] China Finds It Can Live Without the U.S.

[FT] Argentina’s political uncertainty is stoking financial fears

Tuesday Evening Links

[Reuters] Wall Street pushed down by weak data, trade worries

[BBC] Brexit: No-deal opponents defeat government

[AP] Major defeat for British PM as lawmakers seize Brexit agenda

[Reuters] U.S. manufacturing shrinks, 10-year yield hits three-year low

[CNBC] Trump was so angry after China’s trade retaliation that he wanted to double tariffs

[Axios] Despite promises, Trump's trade deficits are only growing

[Bloomberg] Fed's Rosengren Sees ‘No Immediate’ Easing Needed

[Bloomberg] ECB’s Villeroy Signals Skepticism Over Fresh Bond Buying

[Bloomberg] ECB’s Muller Joins Skeptics Seeing No Need to Resume Bond-Buying

[Bloomberg] Crisis Among India Shadow Banks Pushes Up Funding Costs Overseas

[Bloomberg] Chile Cuts Benchmark Rate to 9-Year Low as Economy Weakens

[Bloomberg] Japan’s Small Banks Load Up on Risk as They Fight to Survive

[WSJ] Dollar Hits Two-Year High as Yuan Slumps

[FT] US companies raise $28bn of cheap debt in a single day