TOP NEWS: Week 05/29 – 06/04

Weekend 07/03 & 07/04

World Bank says trade, manufacturing to boost 2017 global growth – Reuters
Americans Are Ho-Hum on Japan’s Stock Rally – Bloomberg

Central Banks Now Own A Third Of The Entire $54 Trillion Global Bond Market – Zerohedge
Terror Dominates U.K. Election After Short-Lived Campaign Truce – Bloomberg
93% Of All Jobs “Created” Since 2008 Were Added Through The Birth/Death Model – Zerohedge

 

 

Friday 07/02

Business Live – guardian

“Don’t Panic” Banco Popular Tells Employees After Stock Crashes Most On Record – Zerohedge
Goldman Pushes Back Rate Hike Forecast Citing Slowing Job Growth And Weak Inflation – Zerohedge
Where The May Jobs Were: It Was All About Minimum Wage Again – Zerohedge
Huge Miss: Only 138K Jobs Added In May; April Revised Much Lower As Wages Disappoint – Zerohedge
BofA: The “QE Monster” Only Ends When “The Wall Street Bubble” Finally Shocks The Fed – Zerohedge

BoJ, ECB Balance Sheets Exceed The Fed’s For First Time Ever – What Happens Next? – Zerohedge
World’s Biggest Wind-Turbine Maker Falls as Trump Drops Paris – Bloomberg

 

 

Thursday 06/01

Markets await European manufacturing PMIs after China factories contract – business live – guardian

Here’s how leaving the Paris Climate Agreement could affect the US – businessinsider
TRUMP WITHDRAWING FROM PARIS CLIMATE AGREEMENT – businessinsider

Deutsche Bank Calculates The “Fair Value Of Gold” And The Answer Is… – Zerohedge

Russia Can ‘Live Forever’ With $40 Oil in Warning to Hedge Funds – Bloomberg
Seven Theories Explaining The Recent Dramatic Surge In The Yuan – Zerohedge
China: downside risks to growth increasing – Danske Bank – FXSTREET
“Now The Pain Begins”: S&P, Moodys Cut Illinois To Near Junk, Lowest Ever Rating For A U.S. State – Zerohedge
US Manufacturing PMI Drops To 8-Month Lows In May: “Sluggish Sales Prompted Firms To Scale Back Hiring” – Zerohedge
Bitcoin Surges Back Above $2450 After China Eases Exchange Controls – Zerohedge
Fed’s Powell: Balance sheet may eventually be halved from current levels – Marketwatch
ADP Employment Surges Despite Biggest Job Cuts Spike In 2 Years – Zerohedge

Spring Boom Fuels Hiring at European Factories as ECB Looks On – Bloomberg
Eurozone manufacturing employment rises at 20-year survey-record pace – markit

Emerging-Market Bulls Are Cooling Off After Impressive Rally – Bloomberg
China’s Caixin PMI Dips Below 50 for First Time in 11 Months – Bloomberg

The recovery in Australia’s manufacturing sector lost momentum in May – businessinsider

 

 

Wednesday 05/31

Business Live – guardian

Venezuela Devalues Currency 64% on New FX Auction Platform – Bloomberg
Fed’s Beige Book appears to boost case for June rate hike – Marketwatch

Beige Book Finds Raising Wages Results In More Qualified, Motivated Workers- Zerohedge

Soft’ Data Slammed To 6-Month Lows As Chicago PMI Tumbles – Zerohedge

JPM Warns Revenue Will Be Down 15% From Year Ago, Blames Lack Of Volatility – Zerohedge

Italy Ailing Banks May Lose $11 Billion in Bad Loan Sales – Bloomberg

Election shock? Why you now need to sit up and take note of UK politics – cnbc
The Greatest Financial Bubble In History – Zerohedge

Oil at 3-week low as rising output risks OPEC-led deal – Reuters
Euro-Area Inflation Slows More Than Forecast Before ECB Meeting – Bloomberg
U.K. Is the Exception in Moody’s Upbeat Global Outlook: Chart – Bloomberg
Stocks just got a majorly bullish signal – businessinsider

 

 

Tuesday 05/30

Business Live – guardian

In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt – Zerohedge
The First Crack Appears In The Second Tech Bubble – Zerohedge

Cars, Machinery Drive the German Trade Surplus Trump Hates – Bloomberg
Barclays Director: “Precarious” Debt Crisis “Could Reverberate Around The World” – Zerohedge
Here’s why the ‘immaculate rotation’ across sectors is driving the market – cnbc

“The Smoking Gun”: BofA Warns Fed Renormalization Could Send Equities 30% Lower – Zerohedge
History Says Emerging-Market Carry Trade Could End in Tears – Bloomberg

Personal Spending Growth Tumbles To 7-Month Lows After Dramatic Revisions – Zerohedge
Oil slides as Goldman Sachs lowers forecasts for 2017 crude prices – cnbc
Deutsche Bank Downgrades European Banks To Underweight – Zerohedge
Euro-Area Confidence Unexpectedly Slips From Decade High – Bloomberg
France upgrades Q1 GDP growth to 0.4%, beating forecasts – Marketwatch
Five Things You Need to Know to Start Your Day – Bloomberg

 

 

Monday 05/29

Draghi Says Euro Area Still Needs Extraordinary ECB Support – Bloomberg
The bill for British Airways’s IT carnage? $111 million, Citi estimates – Marketwatch
Italian bank worries leak into second week – Reuters
Intesa to Close Branches, Cut Costs as Part of New Plan, FT Says – Bloomberg

Turkey Applies to Sell as Much as $8 Billion in Debt Abroad – Bloomberg
European stocks slip in thin volumes with U.K., U.S. markets closed – Marketwatch

Five Things You Need to Know to Start Your Day – Bloomberg
China’s mysterious new yuan formula ‘no big quick fix for market volatility’ – cnbc

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