TOP NEWS: Week 05/23 – 05/29

Weekend 05/28 & 05/29

Venezuela’s Gold Reserves Plunge To Lowest Ever As Maduro Repays Debt With Gold – Zerohedge
Iceland Has Offered Foreign Bondholders A “Choice”: Sell Now, Or Have Cash Impounded Indefinitely – Zerohedge



Friday 05/27

Markets await US GDP growth figures and Yellen speech – business live – guardian

Yellen Says Rate Hikes Soon As Need More Ammo “In Case Of Shock” – Live Feed – Zerohedge
First Quarter GDP Revised Higher To 0.8%, Misses Expectations – Zerohedge
Global Leaders Warn of Brexit Threat to Growth, Trade and Jobs – Bloomberg
Goldman Warns on Swelling Iron Surplus as Retreat Breaks $50 – Bloomberg
Abe Moves Closer to Sales-Tax Call After Warning of Global Risks – Bloomberg



Thursday 05/26

Oil hits $50 per barrel ahead of UK growth figures – business live – guardian

There’s only one way for China to escape a debt-deflation trap – businessinsider
Lending in China Is So Risky That Cows Are Now Collateralized – Bloomberg
Here’s what would happen if NATO went to war with Russia – businessinsider
Japan’s prime minister is warning world leaders about a ‘Lehman-scale crisis’ – businessinsider

Takata Surges on Report of KKR Plan to Support Air Bag Maker – Bloomberg



Wednesday 05/25

Greece’s ‘breakthrough’ debt deal boosts markets – business live – guardian

This Is The Maximum Amount Of Cash You Can Take Out At A Venezuela ATM – Zerohedge
EPRF: New US Preferred Stock ETF by Elkhorn – etftrack
Daiwa: “Round Two Of China Capital Outflows Is About To Begin” – Zerohedge
Nigeria Currency Devaluation Looms As FX Forwards Crash To Record Lows – Zerohedge
US Services PMI Tumbles, Misses By Most On Record “Dealing Blow To Q2 Rebound Hopes” – Zerohedge
Gundlach Feels Like We Are Back In December, Says “Stocks Are Dead Money” After A Short Squeeze – Zerohedge
China Weakens Yuan Fixing to Lowest Since 2011 as Dollar Climbs – Bloomberg


Tuesday 05/24

Greek crisis: eurozone ministers seek deal on bailout and debt relief – business live – guardian

Nordics’ non-price competitiveness is world class, but export market shares are still sliding – moodys
Millennials have some pretty ideas about money — and think they’ll work until 90 – Marketwatch

Richmond Fed Crashes Into Contraction From 6 Year Highs, Biggest Drop In History – Zerohedge

Japan May Be Onto Something with Its New ETF-Style QE – Bloomberg

Oil Rebound Has Citigroup Seeing Worst Over for Commodities – Bloomberg

German Investor Confidence Falls as Economic Growth Seen Slowing – Bloomberg


Monday 05/23

Greece on brink of bailout funds after approving more austerity – business live – guardian

One of the World’s Richest Countries Is Voting on Whether to Give All Its Citizens $2,500 Per Month – FORTUNE
This is what Jim Chanos says he’s telling his clients about China right now – businessinsider
Kyle Bass Was Right: SocGen Does The Math On China’s Staggering NPL Problem, Issues Dire Warning – Zerohedge
Moody’s Downgrades Deutsche Bank’s Debt Two Notches Above Junk – Zerohedge
OPEC Set for Another Meeting With No Deal After Doha Failure – Bloomberg
Brazilian Risk Assets Slammed After New President Suffers First Corruption Scandal Crisis – Zerohedge
No One Knows How Corporate Europe Will Use its Bond Market Binge — Including the ECB – wsj
Deutsche Bank Slides After Mortgage Probe Unveiled; Admission It Rigged Stocks – Zerohedge
Boring Is Beautiful to U.S. Treasury Shunning Latest Bond Craze – Bloomberg
US Manufacturing PMI Collapses To 2009 Lows (As Fed Readies Rate Hike?) – Zerohedge
EU Said to Line Up $12 Billion for Greece If It Completes Review – Bloomberg
Eurozone flash PMI edges down to 16-month low – markit
Russia Goes It Alone With First Eurobond Since Sanctions Imposed – Bloomberg
The “Doom Loop Is Coming Back” – Deutsche Bank Sees “No Further Upside For European Stocks” – Zerohedge

GERMANY: Output growth accelerates for first time in 2016 so far despite slower rise in new business – markit
French private sector output growth quickens to seven-month high – markit
JAPAN: Output falls at fastest rate in over two years, underpinned by a sharp drop in new orders – markit

Germany’s Bayer Offers $62 Billion Cash to Acquire Monsanto – Bloomberg
Japan April Trade Surplus 823.5 Billion Yen, Beats Estimates – Bloomberg

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