Tuesday, May 12, 2020

Wednesday News Links

[Reuters] Stocks turn negative as Fed's Powell warns of prolonged recession

[Yahoo/Bloomberg] Oil Near Five-Week High as Saudi, Russia See Demand Recovering

[CNBC] Powell says more policy help may be needed to pull the US out of economic downturn

[Reuters] US producer prices tumble in April

[CNBC] Coronavirus live updates: South Korea cases rise as it tracks thousands of contacts linked to night club cluster

[Yahoo/Bloomberg] Fed’s Powell to Address Dire Outlook, Need for Stronger Support

[Reuters] Merkel, vowing to respect court's ECB ruling, wants strong euro

[Reuters] The U.S. needs more fiscal help to fight coronavirus, Fed officials say

[Reuters] California cancels fall university classes as Fauci warns of reopening too soon

[Yahoo/Bloomberg] Negative Rates Bets Are Going Global in Snub to Central Bankers

[CNBC] Stock market has the richest valuation in 18 years even as profit outlook worsens

[Reuters] China's April passenger numbers down 68.5% year-on-year: aviation regulator

[Yahoo/Bloomberg] RBNZ Unleashes More Stimulus as Economy Slumps on Lockdown

[Bloomberg] German Judges Strike Back, Say ECB Isn’t Master of Universe

[Bloomberg] Virus Survivors Could Suffer Severe Health Effects for Years

[Bloomberg] Ghost of 1992 Italy Devaluation Returns to Haunt Euro Unity Aims

[Bloomberg] Modi’s Latest Stimulus Adds to India’s Bond Market Angst

[WSJ] Powell Says Washington Will Need to Spend More to Battle Downturn

[FT] Pandemic stimulus debt will ‘come back to haunt us’, warns OECD

[FT] German top judge warns EU over ‘very difficult to resolve’ legal crisis

[FT] Beijing hits back at Trump call to block US pension fund investment in China

[FT] CLOs: ground zero for the next stage of the financial crisis?

[FT] European investment plunge raises fears for future growth