Wednesday, June 3, 2020

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks Pile On Gains With Exuberance Taking Over: Markets Wrap

[Reuters] Wall Street rises on Boeing, economic recovery hopes

[Reuters] New U.S. restrictions on 33 Chinese firms, institutions take effect June 5

[AP] US service sector contracts for second month in May

[Reuters] Fed expands municipal liquidity program to include transit, airports, utilities

[Yahoo/Bloomberg] Fed Flirting With Moral Hazard to Keep Markets Open, Dudley Says

[AP] Hints of economic reawakening amid mass, civic unrest

[AP] Pandemic brings 1st Australian recession in 29 years

[Reuters] Some global firms consider moving treasury operations out of HK: sources

[WSJ] How Payday Lenders Target Consumers Hurt by Coronavirus

[FT] Illinois taps Federal Reserve for $1.2bn emergency funding

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Prolong Rally; Dollar Weakens to March Low: Markets Wrap

[Reuters] Global shares hit three-month highs on economic recovery hopes

[Reuters] Euro set for seventh day of gains, dollar loses to riskier assets

[Reuters] Exclusive: Trump administration set to bar Chinese passenger carriers from flying to U.S., sources say

[CNBC] Private payrolls down another 2.76 million in May, ADP says

[CNBC] Negative interest rates could be needed for a ‘V’ recovery, Fed economist says

[Yahoo/Bloomberg] The Mighty U.S. Dollar Is Having a Wobble

[Reuters] China's services sector bounces back into growth, job losses continue: Caixin PMI

[Reuters] Explainer: Dollar peg is critical to Hong Kong amid U.S. threats, China worries

[Yahoo/Bloomberg] ECB Seen With Only One Choice Tomorrow to Avoid Market Rout

[Reuters] Brazil industrial output falls a record 18.8% in April

[Reuters] Brazil sets another record for daily coronavirus deaths

[Reuters] Coronavirus brings Asia's booming online lending sector to juddering halt

[WSJ] The Nearly Nihilistic Market Rally

[WSJ] Fed Promised to Buy Bonds but Is Finding Few Takers

[WSJ] How Many U.S. Workers Have Lost Jobs During Coronavirus Pandemic? There Are Several Ways to Count

[WSJ] Japan Warns Its Banks About Risky U.S. Debt

[FT] Are we heading into another Depression?

[FT] Wall Street strategists say dollar could be set for ‘dramatic’ falls