TOP NEWS: Week 05/30 – 06/05

Weekend 06/04 & 06/25

Goldman Finds That China’s Debt Is Far Greater Than Anyone Thought – Zerohedge
Bank Of Japan Board Member Warns Of “2003 Shock” Historic Bond Market Collapse – Zerohedge
Morgan Stanley Is Confused: “The Probability Of A Global Recession Still Dominates Our Discussions On The Economy” – Zerohedge
This Financial Bubble Is 8 Times Bigger Than The 2008 Subprime Crisis – Zerohedge

 

Friday 06/03

Markets await services data for clues on UK economy – business live – guardian

Why The Fed Is Trapped: A 1% Increase In Rates Would Result In Up To $2.4 Trillion Of Losses – Zerohedge
Payrolls Huge Miss: Only 38,000 Jobs Added In May; Worst Since September 2010 – Zerohedge

China Toxic Debt Solution Has One Big Problem – Bloomberg

UK services growth picks up but remains subdued – markit
A ‘hidden debt scandal’ might crush one of the world’s poorest countries – businessinsider
GERMANY: Service sector activity rises at faster pace despite slowdown in new business growth – markit
FRANCE: Business activity growth accelerates to seven-month high – markit
ITALY: Service sector business activity falls marginally, ending 14-month sequence of expansion – markit
SPAIN: Growth of activity maintained at marked pace in May – markit

Australian Stocks, Boosted by Miners, Become Expensive: Chart – Bloomberg
Sweden’s Millennial Housing Shortage Leads to Mega Prices: Chart – Bloomberg
Greek lawmakers OK changes for next bailout money – Marketwatch
India services activity slows to 6-month low – Marketwatch
Goldman Unveils The FX Doom Loop: Turns “Outright Negative” On Yuan Due To “Weak Link” – Zerohedge
China Is The Biggest Short…Ever – Zerohedge
JAPAN: Service sector activity increases marginally – markit
China: Service sector activity growth weakens to three-month low in May – markit

 

Thursday 06/02

European Central Bank and OPEC meetings – live updates – guardian

ISM New York Collapses To 7-Year Lows – Zerohedge
ADP Employment “Moderates” As Manufacturing Jobs Fall Again – Zerohedge
ECB Leaves Interest Rates Unchanged, Will Start Corporate Bond Purchases On June 8 – Zerohedge
Taiwan Stocks Seen Falling by Double Digits on U.S. Rates Rise – Bloomberg

Yuan Resisting Five-Year Low Spurs Bets PBOC Controlling Descent – Bloomberg

 

Wednesday 06/01

Business Live – guardian

Economy Grows at ‘Modest’ Pace as Job Market Tightens, Fed Says – Bloomberg
BP Oil Cargoes In Limbo At Terminal As Venezuela Can’t Pay Its Bills – Zerohedge
Wall Street Turns to ETFs to Sidestep Illiquidity in Bond Market – Bloomberg
US Manufacturing Weakest Since 2009: “No Comfort For Those Looking For A Rebound” – Zerohedge
Goldman Sachs Said to Cut Dozens of Investment Banking Jobs – Bloomberg

Sweden’s central bank is sounding the alarm on the country’s insane housing bubble – businessinsider

UK manufacturing remains subdued in May – markit

Eurozone Manufacturing PMI falls to three-month low – markit

German manufacturing PMI ticks higher as output growth accelerates – markit
FRANCE: Further deterioration in business conditions during May – markit
ITALY: May sees growth in manufacturing ease to three-month low – markit
The Best And Worst Performing Assets In May – Zerohedge
ECB’s Corporate Bond Purchase Program Spurs Issuance: Chart – Bloomberg
SPAIN: New order growth at two-and-a-half year low – markit
Abe Postpones Japan’s Sales-Tax Hike Until Late in 2019 – Bloomberg
South Korea’s exports fall for 17th straight month – Marketwatch
Caixin China General Manufacturing PMI edges down to three-month low – markit
JAPAN: Operating conditions worsen at sharpest pace in over three years – markit
Australia’s economy expands strongly in 1Q – Marketwatch
China Factory Gauge Signals Further Economic Stabilization – Bloomberg

 

Tuesday 05/31

Markets edgy ahead of eurozone inflation and unemployment data – business live – guardian

BlackRock lowers outlook for U.S., European stocks – Reuters
India’s economic growth surges in March quarter – Reuters
Boomers Fueling a Boom In Low-Volatility ETFs – Bloomberg
Germany’s unemployment rate hits record low – Marketwatch

China stocks see biggest one-day gain, driven by MSCI speculation – Marketwatch
Britain’s property market has started to signal that the crash is coming – businessinsider

 

 

Monday 05/30

The turmoil within Brazil’s government only gets deeper – businessinsider
German Consumer Prices Unexpectedly Halt Slide Before ECB Meets – Bloomberg

When do stock and bond markets close for Memorial Day? – Marketwatch
Here’s the key challenge Draghi will face at this week’s ECB meeting – cnbc
India Rally at Risk as UBS Sees Earnings as ‘Glass Half Empty’ – Bloomberg
Aussie Banks Cheapest in a Decade Versus Benchmark Index: Chart – Bloomberg
Gold Spooked by Fed Rate Fears Heads for Worst Month Since 2013 – Bloomberg
Yellen Hawkish Turn Sees Treasury Futures Tumble on Memorial Day – Bloomberg
China Sends Yellen Another Warning, Fixes Yuan At Lowest In Over Five years – Zerohedge

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