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[Reuters] Wall Street lower on fresh trade fears [Reuters] Investors run for safety amid threat of broader U.S.-China spat [Reuters] Prepare for difficult times, China’s Xi urges as trade war simmers [CNBC] Treasury Secretary Mnuchin says there are no plans to go to Beijing for trade talks yet [Reuters] U.S. business group says retaliation rising […]
Household debt up 19 quarters in a row, $1 trillion above previous peak Trump says we’d have 5% GDP if the FED just added a little QE U.S. on China: From positive engagement to active containment The McAlvany Weekly Commentary with David McAlvany and Kevin Orrick Last 5 Years: GDP Would Be Negative If […]
[Yahoo/Bloomberg] S&P Climbs With Europe Stocks; Bonds Mixed: Markets Wrap [AP] AP Explains: US sanctions on Huawei bite, but who gets hurt? [AP] Powell says he sees ‘moderate’ risk from corporate debt [Politico] ‘Big 4’ leaders to meet Tuesday on budget caps, debt limit [CNBC] Kohl’s, JC Penney earnings disappoint, sparking selloff of department store […]
[Reuters] Stock markets slide as worries about Huawei fallout mount [Reuters] Oil surges after OPEC indicates it will maintain output cuts [Reuters] U.S., China bicker over ‘extravagant expectations’ on trade deal [CNBC] China in ‘no rush’ to restart trade talks [Reuters] Trump says tariffs making companies leave China, a deal can’t be ’50-50′ [Reuters] U.S. […]
[Reuters] Mideast Stocks – Property pulls down Dubai as most Gulf markets lower [Reuters] China’s central bank says to keep yuan stable, in balanced range [BBC] Brexit: Theresa May plans ‘bold offer’ to get support for deal [Reuters] Saudi Arabia says it seeks to avert war, ball in Iran’s court [Bloomberg] Trade War Sets Tone […]
[Reuters] Wall Street Weekahead: Tariffs could lead to markdowns in retail shares [Reuters] Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers [Reuters] Australia’s conservative government moves into election-winning position [Reuters] Chinese state media hits out at ‘fabricated’ U.S. tech claims [Reuters] North Korea asks U.N. chief to address ship seizure by […]
Let’s begin with the markets. Ten-year Treasury yields dropped eight bps this week to 2.39%, nearing the March 27th low (2.37%). Two-year yields fell seven bps to 2.20%, a 13-month low. German bund yields declined six bps to negative 0.10%, the low closing yield going back to September 2016. German two-year yields dipped another three […]
[Reuters] Shares swoon as Beijing ramps up war of words [Reuters] Yen gains as euro and yuan troubled by European vote and trade [Reuters] After Huawei blow, China says U.S. must show sincerity for talks [CNBC] China accuses the US of ‘bullying behavior’ [Reuters] U.S. trade war will only make us stronger, China’s top paper […]
