Thursday, June 4, 2020

Thursday Evening Links

[Reuters] S&P 500 closes down, snapping four-day rally

[MarketWatch] 10-year Treasury yield pushes above 0.80% as bond-market breaks out of doldrums

[CNBC] CDC is worried Americans aren’t following its advice as the number of U.S. coronavirus cases continues to rise

[CNBC] U.S. coronavirus cases have been slowly ticking up since Memorial Day

[Reuters] Exclusive: Pompeo to urge stock exchanges globally to tighten rules for Chinese companies

[Reuters] US bond funds see near record weekly inflow as money market funds drain

[Yahoo/Bloomberg] Bond Market Flashes Stagflation Alarm After Fed’s Gusher of Cash

[Yahoo/Bloomberg] Italian Bonds Back in Vogue After Lagarde Exceeds Market Hopes

[Yahoo/Bloomberg] Oil’s Recovery Is Being Threatened by the Discord Rattling OPEC+

[FT] Hong Kong’s dollar peg faces new scrutiny as security law looms

Thursday's News Links

[Reuters] S&P, Nasdaq lower after four-day rally

[Reuters] Global Markets - ECB's super stimulus salvo sends stocks, euro higher

[Reuters] U.S. new weekly jobless claims drop below 2 million

[Yahoo/Bloomberg] ECB Unveils Bigger-Than-Expected Boost to Crisis Bond Buying

[CNBC] Coronavirus live updates: U.S. hospitalizations on the rise, former FDA chief says

[Yahoo/Bloomberg] Fed to Stay the Course With Yield-Curve Control Likely Ahead

[Reuters] Exclusive: U.S. to impose restrictions on additional Chinese media outlets - sources

[AP] California lawmakers agree to close $54.3 billion budget gap

[AP] Eurozone economy forecast to shrink 8.7% this year

[Yahoo/Bloomberg] China’s Yuan Joins Ranks of World’s Most Influential Currencies

[Reuters] Brazil sets record for daily coronavirus deaths, beating Tuesday

[Yahoo/Bloomberg] Hong Kong Confident Dollar Peg Will Survive U.S.-China Tension

[Yahoo/Bloomberg] China’s Bond Traders Brace for More Pain as Slump Deepens

[Bloomberg] U.S. Total Trade Slumps to Lowest Level in Almost a Decade

[Bloomberg] A $1 Trillion Fed-Fueled Borrowing Bonanza for the Creditworthy

[WSJ] Chinese Bond Yields Climb

[FT] Hedge funds brace for second stock market plunge

[FT] Art sales fall 97% at the biggest auction house