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[Reuters] Collapsing bond yields push world stocks to new highs [Reuters] German 10-year bond yield below ECB deposit rate for first time [CNBC] Trump tweet sparks concerns that the US may raise tariffs on Europe [Reuters] China says existing U.S. tariffs must be removed for a trade deal [Reuters] Chinese state media says ‘Western ideologues’ […]
[Reuters] Stocks rally as bond yields plough new lows [Reuters] Gold gains on growth worries, monetary easing bets [Reuters] Dollar struggles as U.S. yields fall, dovish BoE weighs on pound [AP] US trade deficit rises to 5-month high of $55.5B in May [Reuters] U.S. private sector adds 102,000 jobs in June: ADP [Reuters] U.S. government […]
Trump’s best cheerleaders & supporters – The angry, crowded democrat candidates DOW has best June in 81 years (on low volume) Safe haven investors flee into cover Will SWIFT be swiftly replaced? The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Trapped! Are You In An Illiquid Fund Full Of “Ghetto Bonds”? July […]
[Reuters] Relief rally fades as growth fears loom [Reuters] Oil falls on demand worries even as OPEC, allies extend cuts [Reuters] Gold gains as weak economic data hints at global slowdown [Reuters] Treasuries – U.S. bond yields fall in early U.S. trading [Reuters] USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies […]
[Reuters] Wall St. eyes return to record highs as stocks cheer trade reprieve [Reuters] Asia’s factory activity shrinks, U.S.-China trade truce fails to brighten outlook [CNBC] Morgan Stanley on trade truce: No real progress, downside risks to economy and market remain [SCMP] Despite Donald Trump and Xi Jinping’s G20 handshake, mistrust and disputes persist in […]
[Reuters] China warns of long road ahead for deal with U.S. after ice-breaking talks [Reuters] China’s June factory activity shrinks faster than expected: official PMI [Reuters] China’s service sector activity grows at slower pace in June: PMI [CNBC] ‘It’s a temporary timeout’: Trump and Xi agree to negotiations, but offer no clear path to end […]
[Reuters] ‘Back on track’: China and U.S. agree to restart trade talks [CNBC] Trump says he agreed with Xi to hold off on new tariffs and to let Huawei buy US products [Reuters] G20 stops short of denouncing protectionism, warns of global slowdown [CNBC] US and China agree to continue tariff talks. Here’s a timeline […]
President Trump and President Xi are meeting in Osaka as I write. We’ll know much more in the morning. Pre-meeting reports had the two sides agreeing to a “truce.” Heading into the meeting, President Trump said progress was made in Friday trade talk preparations, as he seeks to “even it up” on trade. I’ll assume […]
