Top Economic News

 

China bending.
ZTE signs in principle with US.
World bear market would likely start in the Euro zone
EU members have given broad support to set a 25% tariff on ~$3B of US exports.
Trump continues to move toward a summit with North Korea.
Job vacancies outpace those looking.
Want a job, go to Houston.
US prices to rise at twice the speed of inflation.

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Markit US Services PMI (exp 55.7 v. 55.7 prior) 0845 hrs cst.
Markit US Composite PMI (exp TBa v. 55.7 prior) 0845 hrs cst.
Jolts Job Openings (exp 6350 v. 6550) 0900 hrs cst.
ISM Non-Manufacturing Composite (exp 57.6 v. 56.8 prior) 0900 hrs cst.
4-week bill auction ($40b) 

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The initial impact of tariffs will be limited.
Mexico lays out tariffs on the US.
​The Swiss will vote on the fractional Lending.
Iran to inform the IAEA of a start of process to boost uranium enrichment capacity.
The US is considering sending a warship through the Taiwan Strait.
The Pentagon's not so secret plant to develop AI driven sytems to protect the US.

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We still have a few days to avid an escalation.
US and China need a new trade framework.
The US is set to open the American Institute in Taiwan.
North Korea shakes up the top military brass.
Russia invites North Korean Kim Jong Un to visit.
Crude oil widening spread between WTI and Brent is a bullish signal?
Japan looks to launch a driverless car system in Tokyo by 2020.

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Tariffs upsetting allies.
Ross announces steel tariffs on Canada and Mexico.
Rayjoy loses confidence vote.
Sanchez set to take over Spain.
Italy's Populists reach an accord on the government team.
Deutsche Bank insists financial strength is beyond doubt.
Close to 230 China A shares debuted in MSCT's emerging market benchmark.

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Challenger jobs report planned cuts slow in May but still on the rise.
Euro area inflation accelerates.
Italians panic is bad news for the UK.
Italy's ati-establishment leaders meet to resurrect a coalition government.
Brexit UK risks repeat of nazi appeasment error.
Bill Gross was wide awake during his nightmare.
EU/US Tariffs already in place. Somebody tell Macron.
Merkel said Europe will give a determined response to any US tariffs.(Let's move US troops out of Germany).
Sears to close more stores.
Truck driver shortage means higher shipping costs.
​China says the US has a larger military presense in the South China sea than China.
 

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Spanish opposition plans to topple Rajoy seen gaining momentum.
Several strategists say there is little chance that Italy will leave the single currency.
Wilbur Ross tells Europe, tariffs shouldn't stop us from negotiating.
Poland is willing to spend $1.5b to $2.0b to build a permanent US base there.
Trump continues to insist he wants Mexico to build a wall.
By 2030, it is estimated there will be 125m EVs on the road.

 

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St. Louis Fed President Bullard (non-voter) said the Fed can't get too far ahead of itself.
Italy's political crisi deepens.
Soros sees a new global financial crisis brewing.
The ECB fiddles as Rome burns.
Oil falls as investors brace for an output increase.
Africa's hidden oil hub.

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Iran said to want oil and bank pledges by June.
OPEC and Russia discussing raising oil output by ~1M barrels.
Goldman says riskiest junk bonds are the most mispriced.
China Inc. tightens reins on debt.
Estonia may have laundered larger sums than first thought.
Mick Mulvaney on the CFBP.
Trump is red tape in space.​
 

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Turkey heads toward a currency crisis as the Lira goes into a free fall.
The EU Commission warned Italy to continue reducing its debt.
The US oil boom may lure shipping away from Iran.
The House or Representatives passed an overhaul of bank regulations.
The trade talks with China continue.
China was back in checking soybean prices.
The party is over in the London housing market.
How Germany is defusing the economic time bomb.
Merkel's cabinet agreed to compensation for nuclear facilities that we force to shut down.

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