TOP MARKETS NEWS: Week 06/04 – 06/10

Weekend 06/09 & 06/10

The US-North Korea summit may help decide a trade war with China: Jack Ablin – cnbc
U.S.-Canada spat escalates, Europeans criticize Trump’s G7 move – Reuters
Crypto Carnage Continues: Bitcoin Plunges Below $7,000 After Korean Exchange Hack – Zerohedge
Greek supreme court rejects statistics chief’s appeal – ft

Trump Rage-Tweets That Trudeau Lied, Refuses To Endorse Final G-7 Communique, Threatens Canada With More Tariffs – Zerohedge
Why Worry About Regulation: Global Tech Stocks Are Back At Their All-Time Highs  – Zerohedge
China’s CPI up 1.8%, PPI 4.1% in May –
Is Switzerland About To Create A New Banking System? – Zerohedge
Italy Hit By Biggest Depositor Run Since 2012 – Zerohedge



Friday 06/08

Markets fall ahead of G7 meeting; BT CEO quits – business live – guardian

Thanks To Biggest Short Squeeze In 4 Months, US Stocks Shrug Off EM, EU Entropy – Zerohedge
Argentina Peso Plunges To New Record Low – Zerohedge

European stocks slapped lower, with tensions high before G7 meeting – Marketwatch

Germany: More disappointments – ing

China’s trade surplus just narrowed — but not with the United States – businessinsider

Japan’s economy shrank as expected in Q1 – Marketwatch


Thursday 06/07

Fed clambers back to positive real rates, now debate is when to stop – Reuters
Euro-Area Exports Fall, German Factories Suffer Another Blow – Bloomberg

Australia’s trade surplus narrows in April – Marketwatch



Wednesday 06/06

Bonds in India Slide as RBI Raises Benchmark Rate, Rupee Climbs – Βloomberg
IMF, Argentina reach $50 billion bailout agreement – Marketwatch
ECB Hints Taper is Coming – Euro Rises – bk

Oil prices move higher as Venezuela supply crisis intensifies – Marketwatch

Norway’s $1 trillion wealth fund wants Elon Musk out as chairman of Tesla – Reuters

ECB to debate ending bond buys next week: Praet – Reuters

Here’s what economists are saying about Australia’s GDP report – businessinsider

Australia’s economy posts strong Q1 growth – Marketwatch
The world’s biggest hedge fund warns: ‘2019 is setting up to be a dangerous period for the economy’ – businessinsider



Tuesday 06/05

Business Live – guardian

Mexico details retaliatory tariffs on U.S. products, including cheese, apples, bourbon – Marketwatch
World Bank warns trade tensions could cause 2008-level crisis – guardian
Italian Bonds Fall as Conte’s Maiden Speech Sets ‘Radical’ Plans – Bloomberg

Japan’s Sharp to issue new shares worth about $1.8 billion – Reuters
Bridgewater: “We Are Bearish On Almost All Financial Assets” – Zerohedge
Shortest Euro-Area Crisis Ever? Italian Risk Melts From Market – Bloomberg
Trade clash: EU to hit US with $3.3 billion in tariffs next month – cnn
Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day  – Zerohedge

German, French Services Cool as Euro Area Growth Loses Steam – Bloomberg
U.K. government sells 7.7% RBS stake at a discount – Marketwatch
China’s service sector stayed flat in April – Marketwatch
Australia’s services sector is firing on all cylinders — and that’s great news for the economy – businessinsider



Monday 06/04

Business Live – guardian
Notes from the Trading Desk – Europe – TEMPLETON

Factory Orders Slump – Worst April Since 2012  – Zerohedge
Merkel Sees New European Bailout Tool to Handle Future Crises – Bloomberg
Italy’s Sovereign Debt Holdings Still Manageable, Data Show  – Bloomberg
The oil market is doing something it hasn’t done in 3 years — and it’s bullish for crude – cnbc
Next recession not far off, economists predict – foxbusiness
JP Morgan upgrades US stocks, downgrades Europe on Italy political turmoil – cnbc
Global growth rate could drop by more than a quarter thanks to tariffs, S&P chief economist forecasts – cnbc
AP News Guide: What to Know About the Year-old Qatar Crisis  – Bloomberg
JP Morgan warns of a ticking debt time-bomb which could explode in 2019 – businessinsider

It looks like Australian economic growth was strong in early 2018 – businessinsider
Main Events This Week: Trade, Tariffs And Transitions  – Zerohedge
China’s Xiaomi eyes $3 billion CDRs in $10 billion July listing plan: sources – Reuters
Italy’s biggest bank reportedly wants to merge with France’s Societe Generale to create a $2.5 trillion European giant – businessinsider
Trump’s trade war is likely going to kill hundreds of thousands of jobs – businessinsider
Trump and Allies Set for Showdown Over Trade – Bloomberg