TOP MARKETS NEWS: Week 05/12 – 05/19

Friday 05/17

Business Live – guardian
China, Hong Kong markets taking a big slide as investors take flight in escalating trade war – scmp

Farm Crisis: Suicides Spike In Rural America As Trade War Deepens – Zerohedge
Trump administration will delay auto tariffs for up to six months – cnbc

Trump’s Huawei ban escalates the US-China trade war into a tech Cold War – businessinsider

Europe Could Reap Silver Lining From U.S.-China Trade Dispute – Bloomberg

Growth Fears Leave ECB Exposed as Negative Rate Relief Doubted – Bloomberg

Investors will soon pay zero fees for market trackers, new research suggests – cnbc
Euro zone April inflation confirmed at 1.7%, core rate revised up – Reuters
U.S. recession risk rises as U.S.-China trade tensions heat up: Reuters poll – Reuters

ECB rate cut expectations temper curve flattening – ABN AMRO – fxstreet
China exhibits worrying trade war restraint – Reuters
Thomas Cook ‘worthless’ says analyst firm Citigroup – bbc
Thomas Cook suffers £1.5BILLION loss as Brexit uncertainty spooks holidaymakers – express
Yuan slides past key mark but signs of PBOC vigilance cap losses – Reuters



Thursday 05/16

China and Hong Kong markets turn up, while Tencent keeps sliding – scmp

Banks fined €1bn by EU for currency rigging – BBC
European stocks dip as U.S. sanctions on Huawei add to trade anxiety – Reuters
Goldman Sachs makes biggest acquisition in nearly 20 years – cnn
Treasury yields tick lower as US-China trade war escalates – cnbc
French unemployment rate eased to reach decade low of 8.7% in first quarter – Reuters
Huawei ban reflects ‘Cold War mentality’ – globaltimes
Asia shares slip as U.S. sanctions on Huawei threaten fresh tensions with China – Reuters

Trump Weighs Six-Month Window for EU, Japan to Curb Auto Sales – Bloomberg
What killed US-China trade talks: A tale of two texts – scmp




Wednesday 05/15

Business Live – guardian
Hong Kong, mainland markets holding on to gains – scmp

Trump declares national emergency over threats against US technology amid campaign against Huawei – cnbc
Global stocks gain after Trump auto-tariff delay, weak data pressures yields – Reuters

Global Trade Collapsing To Depression Levels – Zerohedge
Trump administration to delay auto tariffs by up to six months: Sources – cnbc
Foreigners Dump A Record $265 Billion In US Stocks In Past Year – Zerohedge
Canada Dumps Most US Treasuries In 8 Years, China Resumes Selling – Zerohedge
Italian budget worries knock European shares lower – Reuters
US Industrial Production Tumbles – Weakest Growth In 2 Years – Zerohedge
Lloyd Blankfein Is A Trade Warrior Now – Zerohedge
Shorts Beyond Crushed As Fake Meat Company Soars 250% Since IPO – Zerohedge
We Have 3 Years Before The National Debt “Death Spiral” – Zerohedge

Germany returns to growth in first quarter, helped by construction, consumption – Reuters
China’s economic activity cools in April – Marketwatch
China Calls For “People’s War” Against The US, Vows To “Fight For A New World” – Zerohedge




Tuesday 05/14

Business Live – guardian
Hong Kong shares fall as trade war boils – scmp

To US: ‘We will fight to the end’ – globaltimes
DoubleLine CEO Jeffrey Gundlach warns of recession driven by ‘cocktail of economic risk’ – cnbc

Apple Needs A 14% iPhone Price Hike To Offset Higher Tariffs: JPM – Zerohedge

UniCredit advances towards takeover bid for Germany’s Commerzbank – sources – Reuters
China stocks stumble on tariff escalation, state buying seen – Reuters
US-China trade war: What happens now? – ing
Global index compiler MSCI begins process to lift Chinese stocks’ weighting in benchmark gauges – scmp



Monday 05/13

Trade war: Markets hit seven-week low as Beijing vows ‘no surrender’ – business live – guardian
China benchmarks drop amid US-China trade war concerns – scmp

Dow drops more than 600 points, posts worst day since January as China trade war escalates – cnbc
Morgan Stanley: More tariffs will lead to a US recession – cnbc
Trump increased tariffs on more Chinese products to 25%—here’s what could get more expensive – cnbc
Trump says tariffs only hurt China, but top adviser Kudlow admits ‘both sides will suffer’ – usatoday
China retaliates Trump tariffs with tit-for-tat raise on US goods – globaltimes
China fires back at the US with new tariffs on thousands of American products – businessinsider

Lira Plummets On Turkey’s Plans To Transfer $6.6 Billion From Central Bank – Zerohedge

Japan’s coincident index suggests economy may be in recession – Reuters

China auto sales fall 14.6% on year in April, 10th month of decline – Reuters
Ray Dalio: We Are Very Late In The Long-Term Debt Cycle – valuewalk
EU Is Ready to Retaliate as Trump’s Auto-Tariff Deadline Nears – Bloomberg
Saudi oil tankers show ‘significant damage’ after sabotage attack, says Riyadh – guardian

Asian stocks move lower Monday as markets react to failed U.S.-China trade talks in Washington – Marketwatch
China likely to retaliate to US tariff increase – ing