TOP MARKETS NEWS: Week 05/20 – 05/26

Friday 05/24

Trade war: Trump suggests ‘very dangerous’ Huawei could join US-China deal – business live – guardian
Hong Kong headed up, but Shanghai struggles after Trump’s latest mixed messages on trade, tech – scmp

What could stress emerging markets? – msci
China state media accuses US of seeking to ‘colonize global business’ – thehill

China’s Largest Chipmaker De-Lists From NYSE – Zerohedge

Microsoft Cuts Ties With Huawei – Zerohedge

Trump administration announces $16 billion farm aid plan to offset trade war losses – Reuters


Thursday 05/23

Trade war: China vows to ‘fight to the end’ as Panasonic ditches Huawei – business live – guardian
China markets fall as Trump targets mainland surveillance camera makers – scmp

U.S.-China Trade War: The New Long March – guggenheim
Australian 10-year bond yields fall to record lows, and there may be further downside to come – businessinsider

“Conditions Not Right” For Trump-Xi Meeting Next Month, Chinese Official Says – Zerohedge
Panic In The Bond Market: Yields Tumble, 10Y Inverts To Fed Funds – Zerohedge
US 30-year Treasury yield falls to lowest level since January 2018 – forexlive
New Home Sales Collapse In April As Median Prices Soar – Zerohedge
US PMIs Crash As Business Confidence Collapses To 7 Year Lows – Zerohedge
China says U.S. needs to correct wrong actions to continue trade talks – Reuters
Toshiba Joins Huawei Blockade, Suspends Hard-Drive Shipments – Zerohedge
German business confidence hits lowest level in more than four years – ft

IHS Markit Flash Eurozone PMI: Flash PMI signals subdued business growth amid stagnant demand – markit
German private sector maintains modest pace of output growth in May – markit
Germany: Return of the living dead – part two – ing
India’s lead over China as world’s fastest-growing economy will widen in coming years – qz
China’s response to US tech war could be aggressive – ing
Full-Blown Trade War Is Quickly Shifting From Risk to ‘Baseline’ – Bloomberg
Detailed gross domestic product results for the 1st quarter of 2019 – destatis
Indian stocks hit record highs; rupee, bonds gain as Modi on track for big win – Reuters
Asian markets pull back on fears of prolonged trade standoff – Marketwatch
Japan Manufacturing PMI Sinks Into Contraction – markit



Wednesday 05/22

Trade war: China keen to talk, as US mulls blacklisting more firms – business live – guardian
China, Hong Kong stocks seesaw over fears US-China trade war is escalating – scmp

Xi Jinping calls for self-reliance as China grapples with long-term US challenge of trade war and ban on Huawei and other technology manufacturers – scmp
Goldman Sees Higher Odds for Continued U.S.-China Stalemate – Bloomberg

“We Were Unrealistically Optimistic” – BofA Slashes Bond Yield Forecasts As “Misery” Approaches – Zerohedge

FOMC Minutes Confirm Hawkish “Transitory” Inflation Outlook, Remains “Patient For Some Time”  – Zerohedge

“A Distressed Credit And Restructuring Story”: Morgan Stanley Warns Tesla Is Facing Bankruptcy – Zerohedge
Next round of US tariffs on China at least a month away, says US Treasury Secretary Steven Mnuchin – scmp
The Boycott Begins: Chinese Company Orders Employees To “Stop Using American Products, Eating At KFC”  – Zerohedge
Expect A Long-Trade War: China Offers Tech Companies Five-Year Tax Break To Offset Tariffs – Zerohedge
Tesla Bears Keep Piling On as Citi Lowers Target – Bloomberg
European elections: Four key battlegrounds for markets – ing
Europe’s bank supervisors want Carige closed if no buyer found: sources – Reuters
Central Banks Urged to Join Together to Raise Inflation Targets – Bloomberg
Chances that the Fed will enact an ‘insurance’ interest rate cut are rising – cnbc
Interest-rate cut may be needed if inflation target eludes: Fed’s Bullard – Marketwatch

The Fed Is Likely to Make an ‘Insurance’ Rate Cut – Bloomberg
British Steel collapses, putting 5,000 jobs at risk – cnbc
Why the European Parliament elections really matter – nordea

Asian markets cautious amid lingering trade tensions – Marketwatch

Japan’s exports fall for fifth straight month – Marketwatch

Trade agreements must be two-way balanced, equal and mutually beneficial: spokesperson – globaltimes



Tuesday 05/21

Trade war: Markets relieved as US relaxes Huawei ban – business live – guardian
China markets gain while Hong Kong struggles in trade war storm – scmp

Dow climbs nearly 200 points as tech shares gain after US eases Huawei restrictions – cnbc
Who pays Trump’s tariffs, China or U.S. customers and companies? – Reuters

Second White House ‘Farm Bailout’ Could Cost As Much As $20 Billion – Zerohedge
This Is What Hedge Funds Did In The First Quarter – Zerohedge
“We Will Beat America Out Of Its Wits”: China Trade War Song Goes Viral – Zerohedge
Home sales fell in April despite a big drop in mortgage rates – cnbc
Losing Access To Android Would “Turn Huawei Phones Into Paperweights”, Analyst Warns – Zerohedge
AT&T Has Become a New Kind of Media Giant – fortune
Morgan Stanley says Tesla is worth $10 a share in a worst-case scenario – businessinsider

U.S., China need to reverse course in trade row to help economy: OECD – Reuters
As Asia’s Worst Currency Keeps Dropping, Warnings Get Louder – Bloomberg
Global stocks gain as U.S. eases Huawei restrictions – Reuters



Monday 05/20

Business Live – guardian
Battered China, Hong Kong markets continue to fall amid trade war flare-up – scmp

Russian crude pipeline woes boost Europe’s refining profits – Reuters
Deutsche Bank Shares Hit All-Time Low After UBS Cuts Rating To Sell – Zerohedge
Democrats should seize the day with trade agreement – thehill
Chicago Fed national activity index plunges in April, tugged lower by factory slump – Marketwatch

Smartphone maker Xiaomi’s first-quarter revenue jumps 27%, beats estimates – Reuters

Why Aussie Could Go Higher and Euro Lower This Week – bk

Indian voters’ verdict on Modi arrives – ing
Ford CEO Confirms Cutting 10% Of Global Salaried Workforce – Zerohedge
Xi Jinping visits rare earth minerals facility, amid talk of use as weapon in US-China trade war – scmp

Aussie set for biggest rise in 2019 after shock election win – Reuters
Key Events This Week: Trade War, EU Elections, Durables, PMIs And Fed Minutes – Zerohedge
China’s tech transfer problem is growing, EU business group says – Reuters
Chart of the Week: US OECD Composite Leading Indicator – saxo
US breaks all-time record for dividends as investor payouts surge – cnbc
Google withdraws support for Huawei phones, reinforcing U.S. consumers’ reliance on Apple and Samsung – Marketwatch
Beijing Demands Giant Pandas Loaned To San Diego Zoo Be Returned Immediately – Zerohedge
China pledges to fight for Huawei’s legitimate rights through legal methods – cgtn
U.S., China bicker over ‘extravagant expectations’ on trade deal – Reuters
Greek bonds: the long way back towards investment grade status – ft
Tariff break to relieve burden for domestic companies: experts – globaltimes
China’s farm stocks defy Sino-U.S. trade rout on local demand expectations – Reuters
US-China trade uncertainty is ‘the enemy of growth’, OECD warns as it slashes forecasts – cnbc

Japan’s strong Q1 growth surprises economists – Marketwatch
US-China trade war: Moving to Vietnam to avoid sanctions – bbc