TOP NEWS – Week 05/04 – 05/10

Weekend 05/09 & 05/10
I.M.F. and Central Bank Loom Large Over Greece’s Debt Talks – nyt
China Cuts Rates (Again) In Desperate Bid To Buoy Stocks, Rescue Economy – Zerohedge
China cuts interest rates for third time in six months as economy sputters – Reuters
Americans are running out of places to rent – businessinsider
EPS ‘Beats’ Lose All Meaning As Downward Revisions, Buybacks Mask Weakness – Zerohedge
The eurozone is set to report solid growth for a change – Reuters
Why There Is No Treasury Liquidity In One Chart – Zerohedge
There’s a new cryptocurrency coming, and it’s backed by gold – businessinsider
China April CPI grows 1.5% yoy – epcn
China April PPI drops 4.6% yoy – epcn
China: Earnings Downgrade Slowing, Where’s The Bubble? In Shenzhen, Maybe – barrons
3 Things Learned From India’s Sell-Off – barrons
Global interest rates have only been this low 3 times since 1522 – businessinsider

Friday 05/08
Pound jumps and shares surge after general election – live updates – guardian
Abenomics Is 2 Years Old – Households Even Deeper In The Hole – Zerohedge
The Reason Why There Is No Wage Growth For 83% Of US Workers – Zerohedge
April Payrolls Miss At 223K, March Revised Much Lower, Wage Growth Disappoints Again – Zerohedge
Alibaba: “Growth Back On Track”, Skeptic Goldman Upgrades To Buy – barrons
U.S. Urges Greece to Reject Russian Energy Project – nyt
U.K. election removes one risk, but another lies ahead: Analysts react – Marketwatch
BSE Sensex rallies; rebounds from 2015 lows – Reuters
The European state that disappoints again (it’s not Greece) – cnbc
U.K. trade deficit narrows in March – Marketwatch
Italy industrial output rises more than expected – Marketwatch
German industrial output well below forecasts – Marketwatch
German exports in March 2015: +12.4% on March 2014 – destatis
UK Election 2015: Conservatives on course to win majority – LIVE – telegraph
China’s export fall 6.2% in April against a forecast rise – bbc
ROSENBERG: The number one issue in markets right now can be summed up in 2 words – businessinsider



Thursday 05/07
Election polling day live: Tories and Labour neck and neck as UK polling stations open – guardian
UK elections 2015 – cnbc
US Macro Data Has Never Collapsed This Fast – Zerohedge
What’s Behind EUR Resilience; What’s Next? – Credit Agricole – efxnews
China’s Very High Mountain of Debt – Bloomberg
China Focus: China vows prudent monetary policy, no QE – epcn
98% Of Q1 Consumer Credit Was Used For Student And Car Loans – Zerohedge
Triple Threat to Indonesia Turning Funds Off Worst Emerging Debt – Bloomberg
Global bond selloff spills over into Asia – Marketwatch
Henderson: No Election Result Will Be Good for the Stock Market – morningstar
German manufacturing orders fall short – Marketwatch
IMF sees risks for Asia-Pacific region – Marketwatch
Wary of bond ‘cliff,’ Fed plans cautious cuts to portfolio – Reuters
Tech Setups For Targeting Bounces In GBP/USD & EUR/USD – Credit Suisse – efxnews
Chart of the day: What MSCI might mean for A share fund flows – scmp
More pain ahead for China steel – cnbc
Australia’s jobless rate rises to 6.2% – Marketwatch



Wednesday 05/06
Greece makes €200m IMF repayment amid bailout deadlock – live updates – guardian
Mohamed El-Erian warns of trouble as bond liquidity dries up – Marketwatch
ECB Gives Greece Another Week Before Discussing Tighter Funding – Bloomberg
Greek Banks Said to Face Obstacles to Foreign Currency Trades – Bloomberg
Yellen sees ‘dangers’ in ‘quite high’ stock valuations – Marketwatch
German-Bond Investors Just Lost 25 Years of Yield in 14 Days – Bloomberg
German Greens Propose Radical Greek Debt Solution – Zerohedge
Biggest U.S. Productivity Drop in Decades Sends Ugly Profit Omen – Bloomberg
Worker productivity sees first back-to-back drop since 2006 – Marketwatch
ADP Employment Tumbles To 15 Month Lows As Manufacturing Jobs Plunge – Zerohedge
India needs realistic growth indicators – et
Bonds are quietly crashing around the world – businessinsider
UK Services PMI-UK services growth hits eight-month high – markit
Markit Eurozone Composite PMI – EZ growth continues as output rises across big-4 nations – markit
Markit Germany Services PMI-Slower growth in service sector activity. Costs increase at sharpest rate since May 2014 – markit
What happens if no one wins the election? – guardian
France Services PMI-Activity growth in French service sector slows further in Apri – markit
ECB Meeting Agenda Said to Include Greek Collateral Haircuts – Bloomberg
Italy Services PMI- Service sector grows at fastest rate for ten months – markit
Spain Services PMI: Fastest rise in activity since Nov. 2006 – markit
Société Générale comes back from Russia write-down – Marketwatch
India’s Earnings: Deja Vu And Unimpressive – barron’s
HSBC India Services PMI- Growth of services activity eases for 2nd month running – markit
How Much Leverage Is In Shanghai And Why This Bull Will Slow – barron’s
China April HSBC services PMI hits 2015 high, stock rally boosts business for some – Reuters
HSBC China Services PMI-Chinese business activity growth driven by service sector in Apri – markit
Jeff Gundlach presented these 35 charts to an invite-only room of investors at the New York Yacht Club – businessinsider



Tuesday 05/05
Greek ministers meet creditors in bid to break bailout deadlock – live updates – guardian
Economics Weekly – Twins – rbs
Germany’s record trade surplus is a bigger threat to euro than Greece – telegraph
In The New Paranormal, Junk Bonds Are A “Haven Asset” – ZeroHedge
DoubleLine’s Gundlach sees no Fed rate increase in 2015 – Reuters
US Non-Manufacturing Rises (ISM) & Falls (PMI) In April As Export Orders Collapse – ZeroHedge
Pound could drop to $1.39 on U.K. election uncertainty, says Morgan Stanley – Marketwatch
Energy Stocks Hit 6-Month High as Valuations Spike To 1999 Peaks – ZeroHedge
Copper Advances Toward Bull Market in Longest Run for a D – Bloomberg
US Trade Deficit Excluding Crude Was Biggest Ever, Or Why QE4 Is Coming – Zerohedge
US Trade Deficit Soars To Worst Since Financial Crisis; Will Push Q1 GDP Negative – Zerohedge
Why Beijing Needs A Bull Market – barron’s
ECB Considers Delegating Powers to Ease Burden of Overseeing Details – Bloomberg
Two-Thirds Of US Millionaires Fear “They Will Lose It All” If The Market Crashes – Zerohedge
Additional monetary easing for China? – bruegel
Live Now: A Round Table With Morgan Stanley’s FX Team – efxnews
German Bond Market Selloff Continues – wsj
Where To Re-Set EUR/USD Shorts? – SocGen – efxnews
EC: Greece Growth Forecasts Slashed Amid Bailout Uncertainty – mni
EU Raises Growth Outlook as ECB Counters Greek Threat – Bloomberg
HSBC profits bounce back as fraud inquiry looms – cnbc
Euro Falls for Third Day as Greece Breakthrough So Far Elusive – Bloomberg
UBS net profit soars 88%, beating forecasts – cnbc
Fitch pounces on AU rate cut, demands MP – macrobusiness
India finance chief on beating China’s growth – cnbc
Wealth effect? Why Asia’s missing the boat – cnbc
AUD Post-RBA: Why Is The Bounce? What’s Next? – BNPP – efxnews
Australia’s RBA cuts rates, markets wonder if that’s all – Reuters
From Einhorn to Ackman, Recapping the Ira Sohn Conference – wsj



Monday 05/04
IMF Splinters From Rest Of Troika, Threatens To Cut Off Greek Funding – Zerohedge
US Shale Sector Crashes After David Einhorn Repeats What Everyone Knows Already – Zerohedge
Pimco loses world’s biggest bond fund ranking – Marketwatch
The War On Cash: Australia Leads The New Age Of Economic Totalitarianism – Zerohedge
Investors are borrowing more money than ever to buy stocks – Marketwatch
US Factory Orders Drop YoY For 5th Consecutive Month – Zerohedge
A Sense of an Ending – janus
Buyback Bonanza, Margin Madness Behind US Equity Rally – Zerohedge
McDonald’s (MCD) Announces Turnaround Plan; Sets New Refranchising Target – streetinsider
Bund-Battering Continues – It’s Different This Time – Zerohedge
IMF to Brighten View of China’s Yuan – wsj
Eurozone manufacturing expansion continues in April – markit
Germany Mfg PMI– final data: Output and new orders increase at weaker rates – markit
Markit France Mfg PMI– final data: French manufacturing sector remains stuck in contraction during April – markit
Italy Mfg PMI shows manufacturing sector growing at fastest pace for a year – markit
SPAIN: Markit Spain Manufacturing PMI Mfg new order growth accelerates – markit
Greece Targets May Deal as Breakthrough Remains Elusive – Bloomberg
Buyback Bonanza, Margin Madness Behind US Equity Rally – ZeroHedge
Indian manufacturing economy loses growth momentum in April – markit
Has China dodged property Armageddon again? – cnbc
HSBC China Mfg PMI: Operating conditions deteriorate at strongest rate in a year – markit
China April Manufacturing Weakens Further in Final HSBC PMI – Bloomberg
Global Central Banks Calendar for the Week of May 4 – 8, 2015 – wsj

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