TOP MARKETS NEWS: Week 05/27 – 06/02

Friday 05/31

Markets shaken as Trump announces shock Mexico tariffs – business live – guardian
Hong Kong, China benchmarks poised to end May with losses as trade, tech battling bites – scmp

Dow drops more than 350 points after Trump threatens new tariffs on Mexico, posts 6-week slide – cnbc
New front in trade war means Fed’s dry powder may get burned – Reuters
Fed officials and Trump’s latest trade threat could decide whether June starts with a market swoon – cnbc
Off to the races: Key dates on the 2019-20 U.S. presidential election calendar – Reuters

China threatens to blacklist foreign companies after Huawei ban – cnn

Germany: Inflation – still an Easter hangover – ing

China’s manufacturing index drops into negative territory in May as economic pressures mount – scmp
Trump slaps tariffs against all imports from Mexico, rattling investors – Marketwatch

 

 

 

Thursday 05/30

China accuses US of ‘naked economic terrorism’ in trade dispute – business live – guardian
China, Hong Kong markets pounded by fears about trade, recession – scmp

U.S. Weekly FundFlows Insight Report: Fund Investors Duck for Cover for the Week – lipper
Trade issues ‘won’t cause a bear market’ as U.S. economy is in ‘very good shape, says Blackstone’s Wien – Marketwatch

Portugal becomes the first euro zone country to issue debt on China’s market – cnbc

China vice minister says provoking trade disputes is ‘naked economic terrorism’ – Reuters

 

 

 

Wednesday 05/29

Stock markets fall amid US-China trade tensions – business live – guardian
Shanghai picks up, while Hong Kong struggles, amid US-China trade, tech tensions – scmp 

The bond market recession signal freaking the markets out could be a false positive – cnbc
It’s Not Just Bonds That Are Flashing Red… – Zerohedge
The China Trade War Is Unhealthy – investorplace
ECB warns of sharp falls in asset prices if trade tensions escalate – cnbc
Rehn says ECB ready to react if slowdown persists – Reuters
Canadian dollar hits five-month low as Bank of Canada signals ‘neutral’ stance – Reuters
German Unemployment Explodes Most Since Financial Crisis, Sending Bund Yields Near Record Lows – Zerohedge
Tesla will be acquired within a year, says the NYU professor who predicted Amazon’s takeover of Whole Foods – businessinsider
South Korean Stocks Lose 2019 Gains as Trade War Continues – Bloomberg
Treasuries at 2% in Sight as Trade War Spurs Global Bond Rally – Bloomberg
PBOC Panics, Floods Market With Liquidity As Interbank Funding Freezes After Baoshang Seizure – Zerohedge
After Baoshang rescue, China central bank pours cash into banking system – Reuters
There are 3 reasons China just took over a bank for the first time in 20 years, and 2 of them are a huge deal – businessinsider

 

 

 

Tuesday 05/28

Business Live – guardian
China, Hong Kong markets heading up, ignoring latest gloomy trade comment by Trump – scmp

Morgan Stanley Warns “Volatility Is About To Rise… A Lot” – Zerohedge
Apple Braces For “China’s Wrath” As Citi “Slashes” China iPhone Shipments, Cowen Warns Of Profit Plunge – Zerohedge

Euro zone sentiment better than expected in May – Reuters
Risk-off sentiment pushes Treasury yields to fresh 2019 lows – nuveen
Japan’s First Junk Bond Would Break Barriers in Wary Market – Bloomberg
Italy vs the EU? Markets spooked as Europe prepares for another budget showdown – cnbc

Tariff impact under control – globaltimes
Beijing “Seriously Considering” Rare-Earth Export Ban – Zerohedge
China stocks climb as foreign capital flows back to A-shares – scmp
“A Big Wake Up Call”: Chinese Bond Market Roiled By First Ever Bank Failure – Zerohedge
China’s central bank adds liquidity to nation’s financial system as Baoshang Bank’s seizure rattles domestic markets – scmp

 

 

 

Monday 05/27

Shanghai heads up while Hong Kong falls amid US-China trade, tech turmoil – scmp

“This Is A Major Move For China”: Beijing Prepares Cyberscurity Rule In Retaliation Against US – Zerohedge
China banks and asset managers fined for masking bad debt – ft
China’s regulators put city-level banks and rural lenders on notice after the first state takeover of a private bank since 1998 – SCMP

China’s Chip Companies Just Can’t Excite the NYSE – Bloomberg
Italian Bond Yields Spike After EU Threatens $4 Billion Penalty Over Excessive Debt – Zerohedge
Why the Fed, and central banks in China, Europe and Japan should work together on rate cuts to stop the global economic rot – scmp
Greek Snap Elections Send Bond Yields to Record Low Levels – Bloomberg
China-EU trade in goods: €185 billion deficit in 2018 – europa
Japan to limit foreign ownership of firms in its IT, telecom sectors – Reuters

F
acebook will reportedly launch cryptocurrency ‘GlobalCoin’ in 2020 – businessinsider
China’s Banking Cleanup Needs a Bigger Mop – Bloomberg
US and China aren’t facing ‘enough pain’ right now for them to strike a quick trade deal: UBS – cnbc
Fiat Chrysler proposes huge $37 billion merger with Nissan and Renault to create the world’s third-largest automaker – businessinsider
Fiat Chrysler submits proposal for a merger with Renault – cnbc
Renault Considering Fiat’s Offer to Merge Into a New Auto Giant – nyt
China’s industrial profits post biggest drop in nearly three and a half years – scmp