TOP MARKETS NEWS: Week 05/28 – 06/03

Weekend 06/02 & 06/03

Le Maire Tells Germany It’s Now or Never to Strengthen Euro Zone  – Bloomberg
Venezuela says postponed currency overhaul now set for Aug. 4 – Reuters

 

Friday 06/01

Businss Live – guardian
Daily Briefing: Italy gets a government; Spain loses one – Reuters

Here’s What Wall Street Is Saying About Trump’s Early Jobs Tweet  – Bloomberg
Deutsche Bank faces another challenge with Fed stress test – Reuters
US Manufacturing Dipped (Or Bounced) In May As Prices Paid Hits 7 Year Highs – Zerohedge
How The Bond Market Reliably Signals Recessions – forbes

May Jobs Jump 223,000 Smashing Expectations, As Hourly Earnings Beat – Zerohedge
It’s 2007 Again for Commercial Mortgage Bonds, Moody’s Says – Bloomberg
Euro-Area Manufacturing Growth Slows to 15-Month Low in May – Βloomberg

Spain’s leader Rajoy ousted in no-confidence vote with socialist party gaining power – cnbc

China’s MSCI Club Entry Is a Key Symbolic Step, Analysts Say – Bloomberg

Deutsche Bank and Citibank are also facing criminal cartel charges in the ANZ shares case – businessinsider
S&P revises Deutsche Bank rating to ‘BBB+’ from ‘A-‘ – Reuters
Italy finally agreed on a government, ending months of political deadlock – businessinsider
The Best And Worst Performing Assets In May And YTD – Zerohedge
Frontrunning: June 1 – Zerohedge
BOJ Unexpectedly Cuts Bond Buying in Test of Yen Speculators – Bloomberg
Caixin China PMI holds steady in May – Marketwatch
Chinese Equities: Market Access, Equity Benchmarks & A-Shares – wisdomtree

 

 

Thursday 05/31

Markets make tentative rebound as Italian fears ease – business live – guardian

Dow drops more than 200 points as Trump tariffs reignite trade-war fears – cnbc
Chinese stock addition to indexes will ‘change the face’ of emerging markets investing on Thursday – cnbc

Deutsche Bank Crashes After Fed “Secretly” Put US Operations To “Troubled” Watchlist – Zerohedge

Euro zone inflation well above expectations in May – cnbc

A little-known part of Italy’s constitution makes it almost impossible for the country to leave the euro – businessinsider

China’s nonmanufacturing PMI ticks higher – Marketwatch
China factory activity hits 8-month high in May – Marketwatch
Bill Gross’ flagship fund cratered as Italy’s political turmoil rocked global markets – businessinsider
Japan’s industrial output up, but misses views – Marketwatch
Electric cars will drive a ‘rapid ramp-up’ in cobalt and lithium demand for a decade – report – businessinsider

 

 

Wednesday 05/30

European markets edgy on Italian turmoil as ECB ponders urgent meeting – business live – guardian

U.S. economy grew slightly slower 2.2% in first quarter, revised GDP figures show – Marketwatch
Italy just raised $8.6 billion selling debt — but the prices show just how little faith markets have in the country – businessinsider
German inflation jumps above 2% – Marketwatch

ADP Employment Rebounds Off April Plunge But “Hot Job Market” Is Cooling – Zerohedge

The $457 Billion Reason for China to Cut Its Reserve Ratio Again – Bloomberg

What’s the latest in Italy’s political drama? – Marketwatch
China vows to protect its interests from ‘reckless’ U.S. trade threats – Reuters
German jobless rate falls to record low – Marketwatch

Indonesia Raises Key Rate for Second Time This Month to 4.75% – Bloomberg
ECB’s Constancio tells Italy: read the rules on central bank support – Reuters

 

 

Tuesday 05/29

Markets rattled by Italian and Spanish political turmoil – business live – guardian

Italy’s fresh election risks being referendum on euro – Reuters
Treasury yields plunge as Italy’s political turmoil sparks safety bid – businessinsider

Soros Sees New Global Financial Crisis Brewing, EU Under Threat – Bloomberg

Italian voters brace for euro showdown ahead of snap elections – cnbc

 

 

Monday 05/28

French industrialist Serge Dassault dies at 93 – Reuters
Italian Banks, Bonds Crash As Di Maio Calls For Protests Against “The Arrogance Of Institutions” – Zerohedge
Italy’s clash with the euro may just be getting started – cnn
Mnuchin: “I Absolutely Support A Strong Dollar Over The Longer Term”  – Zerohedge
Italian stocks weigh down Europe as political worries fester – Marketwatch
Key Events This Week: Payrolls, PCE And Politics – Zerohedge
Italian Bonds, Stocks Crash In Furious Reversal As Political Drama Explodes – Zerohedge