Wednesday, June 17, 2020

Thursday's News Links

[Yahoo/Bloomberg] U.S. Stocks Decline; Treasuries Rise: Markets Wrap

[Reuters] World stocks drift lower as second wave virus fears mount

[Reuters] Coronavirus second wave fears boost yen; Aussie dollar falls after data

[Reuters] U.S. weekly jobless claims remain high as second wave of layoffs hits industries

[CNBC] Coronavirus live updates: Staggering jobless claims persist; global deaths near 450,000

[Reuters] World's ultra-wealthy go for gold amid stimulus bonanza

[Reuters] Trump says U.S. will not lock down again amid rising coronavirus cases

[Yahoo/Bloomberg] China Pledges Credit Boom to Push Economy Out of Virus Slump

[Yahoo/Bloomberg] Banks Snap Up $1.5 Trillion of ECB’s Cheap Loans

[Yahoo/Bloomberg] Wall Street Rewrites Market Playbooks as Second Wave Looms

[Yahoo/Bloomberg] Goldman Warns of Declines for U.S. Stocks With High China Sales

[Reuters] China finds heavy coronavirus traces in seafood, meat sections of Beijing food market

[Bloomberg] Finance’s Addiction to Dollars Leaves World Vulnerable to U.S.

[Bloomberg] China Asks Banks to Forgo $211 Billion to Help Boost Economy

[Bloomberg] NYC Home-Purchase Contracts Plummet, Delaying a Price Reckoning

[WSJ] Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll

[WSJ] Once Booming San Francisco Apartment Market Goes in Reverse

[FT] US stimulus: rescue for the wealthy, limbo for the rest

[FT] Merkel issues stark warning on urgency of EU coronavirus recovery fund

Wednesday Evening Links

[Yahoo/Bloomberg] Stock Futures Signal Muted Start to Asia Trading: Markets Wrap

[MarketWatch] Coronavirus update: U.S. death toll edges above 117,000; Oklahoma is one of 9 states that are still setting case records

[Reuters] Fed's Mester sees U.S. economy facing 'long road back' from crisis

[Reuters] Brazil cuts interest rates to new low, leaves door open for 'residual' easing

[Yahoo/Bloomberg] Hertz Suspends Sale of ‘Worthless’ Stock Amid SEC Scrutiny

[WSJ] EU Moves to Shrink Chinese, U.S. Influence in Its Economy

[WSJ] Insurers Hit Brakes on Investments Designed to Make Risky Loans Safe

[FT] Powell warns Congress against withdrawing stimulus

Wednesday Afternoon Links

[Reuters] S&P closes lower as new COVID-19 cases surge

[Reuters] Fed's Powell beats drum for more government aid to bolster economy

[CNBC] Coronavirus live updates: New York City to enter next reopening phase Monday, Oklahoma sees spike ahead of Trump rally

[MarketWatch] ‘The dollar is going to fall very, very sharply,’ warns prominent Yale economist

[Reuters] China says it has agreed with India to de-escalate border situation

[Bloomberg] Oregon Joins Florida, Texas in Confronting Covid-19’s Resurgence

[WSJ] Stocks Waver as Investors Consider Coronavirus, Economic Recovery

[FT] Bundesbank boss moves to defuse row between ECB and German court