Thursday, May 7, 2020

Friday's News Links

[Reuters] Stocks boosted to weekly highs as risk appetite improves

[Reuters] Oil heads for another weekly gain on demand hopes and shut-ins

[CNBC] A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7%

[CNBC] Coronavirus live updates: WHO calls for research into Wuhan market, Indonesia eases travel restrictions

[Reuters] Top U.S., China trade officials agree to strengthen cooperation

[Reuters] Top EU court says it alone decides if EU bodies are breaking bloc's rules

[Yahoo/Bloomberg] Global Debt Funds Shun Italy on Fears That Euro-Area Is Cracking

[Yahoo/Bloomberg] Mortgage Lenders Tighten Screws on U.S. Credit in Echo of 2008

[Reuters] China says sales of cars, home appliances rebounded sharply during May day holiday

[Reuters] Australia to ease COVID-19 curbs in three stages, targets July for full removal

[CNBC] As US-China rivalry heightens, the pandemic could tilt global power in Beijing’s favor

[Bloomberg] China, U.S. Teams Agree to Work to Implement Trade Deal

[Bloomberg] Credit Funds in India See Large Outflows on Franklin Shock

[WSJ] Economic Fallout From Coronavirus Puts Euro to the Test

[WSJ] Why China Is Withholding Stimulus Amid Coronavirus-Sparked Downturn

[WSJ] How Dollar Distress Migrated to Asia

[FT] Germany’s ECB critics toast courtroom success

[FT] Too much cash is chasing too few desirable assets

[FT] Debt relief for US consumers leaves investors flying blind

Thursday Evening Links

[Reuters] Asia stocks poised to rise as upbeat earnings trump jobs gloom

[CNBC] Coronavirus live updates: San Francisco targets May 18 for some businesses to resume as California unveils reopening guidelines

[Reuters] Debt, deadlines and default: Argentina's last-ditch push for $65 billion deal

[Reuters] Global hedge funds post April gains but still negative for the year: data

[Reuters] North Korea calls South Korean military drills 'grave provocation', sends 'warm greetings' to China

[NYT] The Results Are In for the Sharing Economy. They Are Ugly.

[Bloomberg] India to Take on Offshore Currency Markets Amid Virus Tumult

Thursday Afternoon Links

[Reuters] Wall St jumps as PayPal outlook, China data fuel recovery hopes

[CNBC] Coronavirus live updates: California reports $54 billion budget deficit from pandemic economic fallout

[CNBC] California faces a staggering $54 billion budget deficit due to economic devastation from coronavirus

[Reuters] U.S. House Democrats to attempt passing next coronavirus bill soon

[Reuters] Turkey bans three banks from lira transactions as currency hits record low

[Reuters] Brazil's Bolsonaro says must get economy back on track as soon as possible

[MSN/NYT] Travel From New York City Seeded Wave of U.S. Outbreaks

[MSN/WSJ] The Glut Drowning the Oil Market

[Bloomberg] Ray Dalio Sees Monopoly Money as Easiest Way Out of Debt Crisis

[Bloomberg] China Study Finds 5% to 15% of Covid-19 Cases Are Reactivated

[WSJ] Coronavirus Hijacks the Body From Head to Toe, Perplexing Doctors

[WSJ] U.S. to Remove Patriot Missile Batteries from Saudi Arabia

[FT] Christine Lagarde says ECB is ‘undeterred’ by German court challenge