Weekend 05/30 & 05/31
German ministry proposes 5 billion euro car bonus scheme: sources – Reuters
China’s May factory activity cools as weak demand curbs output – Reuters
China’s service sector activity expands at faster pace in May: official PMI – Reuters
Britain to launch big stimulus package before summer – FT – Reuters
Wall Street begins high stakes summer with market at critical levels as economy reopens – cnbc
All Of The World’s Money & Markets In One Visualization – Zerohedge
How bad will the Covid-19 recession be? – mm
A Confused Goldman No Longer Expects S&P To Drop To 2,400 But Sees No Market Upside Either – Zerohedge
Friday 05/29
U.S. oil futures up 88% in May, biggest monthly rise on record – Marketwatch
Citi Says Bear Market Rally Since March “Driven By Short Covering” – Zerohedge
BofA: The “Weak” Inherited May… But Sell In June As Fed Bazooka Fades – Zerohedge
Fed Reveals Which ETFs It Has Bought So Far – Zerohedge
Fed Tapers Daily Treasury Purchases To Just $4.5 Billion Per Day – Zerohedge
These areas of the economy ‘will not come back’ from the coronavirus pandemic – Marketwatch
-51.2%! Atlanta Fed Now Expects Staggering Collapse In Q2 GDP – Zerohedge
How Fed Could Goose Economy via Yield-Curve Control – Bloomberg
A potential game-changer? The details behind the EU’s proposed recovery plan – russellinvestments
The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs – Marketwatch
Private Wages Crash Most On Record As Savings Soar By $4 Trillion In 1 Month – Zerohedge
Chicago PMI Plummets To 11 Year Low As Orders, Production Plunge – Zerohedge
Savings Rate Soars To Record Highs As American Consumer Spending Crashes By Most Ever – Zerohedge
Thursday 05/28
Pending Home Sales Plummet 35% YoY – Biggest Drop Ever As Buyers Forfeit Deposits – Zerohedge
Q1 GDP Revised To -5% As Corporate Profits Plunge 14% – Zerohedge
How companies are becoming creative with accounting during the COVID-19 pandemic – Marketwatch
The Collapse In US Durables Goods Orders Accelerates In April – Zerohedge
Over 40 Million Jobless In 10 Weeks – “Nobody Ever Imagined It Would Get This Bad So Fast” – Zerohedge
Swiss National Bank Ready To Buy Much More Tech Stocks To Weaken The Franc – Zerohedge
Bank of America CEO Brian Moynihan says U.S. economy starting to ‘come out of the hole’ – cnbc
FX Daily: Time for euro re-rating – ing
Tencent raises $6 billion in largest Asian corporate debt deal this year – Reuters
Wednesday 05/27
Global stock markets rally despite Hong Kong tensions – business live – guardian
Market closes above a key milestone, setting up stocks for more gains – cnbc
Stocks Have a Psychologically Important Day – Bloomberg
Micron raises third-quarter revenue forecast – Reuters
Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession – forbes
Fed’s Beige Book says businesses are pessimistic about pace of a recovery – Marketwatch
Morgan Stanley: All You Need To Know About The Retail Flood Into Stocks (Which Is Now Rapidly Slowing) – Zerohedge
Boeing cutting more than 12,000 U.S. jobs with thousands more planned – Reuters
Amtrak Seeks Billion Dollar Bailout, Prepares To Slash 20% Of Workforce As Ridership Crashes – Zerohedge
Euro area: Turbo-boosting the recovery – nordea
Revealed: The EU’s massive recovery fund – ing
Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years – Bloomberg
“Fiscal Firehose”: Japan Approves Record 117 Trillion Stimulus Package – Zerohedge
‘Rally of hope’: Why the S&P soared back past 3,000 – Reuters
Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain – Reuters
Decline in China’s industrial profits slows in April, outlook still gloomy – Reuters
Tuesday 05/26
Global stocks climb as countries ease Covid-19 lockdown measures – business live – guardian
‘Stay at home’ tech stocks fall as some pandemic lockdowns end – cnbc
Fed should lift caps to buy as much corporate bond ETFs as it wants, says BofA – Marketwatch
Traders Eye CDS Payout as Fitch Downgrades Argentina to RD – Bloomberg
Europe in the time of Covid-19: A new crash test and a new opportunity – vox
ECB prepares for the worst – life without the Bundesbank – Reuters
ECB’s coronavirus stimulus has to remain flexible, Banque de France governor says – cnbc
China to strengthen policy, lower lending rates: PBOC Governor – Reuters
Latin America’s largest airline LATAM files for U.S. bankruptcy protection – Reuters
China’s economic strategy shift shows Xi Jinping is preparing for ‘worst case scenario’, analysts say – scmp
German Government Offers Lufthansa $10 Billion Bailout – Zerohedge
Monday 05/25
Coronavirus: Lufthansa agrees €9bn rescue deal with Germany – bbc
Goldman: The Default Cycle Has Started – Zerohedge
Retail Investors Are Crushing Hedge Funds Again – Zerohedge
Slump in consumption, exports push Germany into recession in first quarter – Reuters
German economy enters recession as GDP falls 2.2% – Marketwatch
The Bank of Japan Was The Biggest Buyer Of Japanese Corporate Bonds In April – Zerohedge
Bayer says it makes progress in settlement talks over weedkiller – Reuters
Japan to end Tokyo’s state of emergency, eyes fresh $930 billion stimulus – Reuters
China lowers yuan midpoint to weakest since 2008 global financial crisis – Reuters