wiar 5-25-17

Mary FanslauWhat I Am Reading

May 25 (Thursday)

Markets
U.S. Stocks Climb as Fed Hints at June Rate Increase (W)
Why Earnings Have Investors Feeling So Happy (W)
China’s Stocks, Yuan Erase Losses Triggered by Moody’s Downgrade (B)
S&P’s Famous FANG Trade Has Nothing on Chinese Four-Stock Frenzy (B)

Bonds
China’s downgrade reaction jars with bond market move (FT)
The Bond Market Bodes Badly for the Euro’s Eye-Watering Surge (B)
Illinois Bonds an Opportunity for ‘Bold’ Investors, Citi Says (B)

Funds
Fiduciary Rule: What’s Next for Investors, Brokers (W)
ETF providers float idea of setting up their own market indices (FT)
This Old School Hedge Fund Is Going Quant (W)

Oil
OPEC Committee Recommends Nine-Month Oil Cuts Extension (B)
How American Shale Drillers Flipped OPEC’s Script (W)

Central banks
Fed Minutes Signal Officials Ready to Raise Rates Soon (W) | Minutes
Most Fed Officials Saw Tightening ‘Soon,’ Favored Unwind Plan (B)
ECB Leadership Doubles Down on Guidance as June Meeting Nears (B)

Global
World Trade Flows Suggest Strong Economic Growth This Year (W)

US
Home Sales Slip amid Housing Shortage (W)
San Francisco Goes From First to Worst in U.S. Home-Price Gauge (B)

China
China Hit by First Moody’s Downgrade Since 1989 on Debt Risk (B)
China’s Downgrade Could Lead to a Mountain of Debt (B)
Shanghai’s Financial Center Was a Swamp Last Time Moody’s Cut China’s Rating (B)

Emerging
Brazilian Ministry Building Set on Fire as Protests Turn Violent (B)
Indian disruption offers promise and threats for investors (FT)

US politics
Mnuchin Urges Congress to Raise U.S. Debt Limit by August Recess (B)
Ryan Rejects Trump’s Branding of Comey as ‘Nut Job’ (B)
Trump’s Go-To Lawyer Kasowitz: A Pit Bull Loyal to the Boss (B)
Democrats Ask Deutsche Bank to Produce Documents on Trump Family Loans (B)

Geopolitics & terrorism
U.S. Plans Military Boost for NATO (W)
U.K. Police Probe ‘Network’ Linked to Manchester Attack (W)
Father and Brother of Manchester Bomber Arrested in Libya (B)
Get Ready to Unpack for Airport Security (W)
TSA Will Heighten Electronics Screening at Test Airports in U.S. (B)

Cybersecurity
In Modern Cyber War, the Spies Can Become Targets, Too (W)

Industries & companies
Health Care: Another Insurer Leaves Missouri’s Affordable Care Act Exchange (W)
Industrials: GE Chief Adds Some Caution to 2018 Profit Goal (W)
Materials: US steel industry says imports threaten security (FT)
Materials: Glencore keen to bulk up in agricultural trading (FT)
Retail: J.Crew Boss Mickey Drexler Confesses: I Didn’t Get the Web (W)
Retail: Cerberus, American Eagle Work on Abercrombie Bid (W)
Tech: IBM fights to keep up with rivals in the cloud (FT)

Technology
Man vs. Machine: Google Takes on China’s Go Champion, but Fans Are Blocked From Watching (W)
China’s DJI Unveils $499 Drone That Flies From Palm of Your Hand (B)
Robo-Advisers Battle Wall Street for Rich Investors (B)
Cryptocurrency Mania Goes Beyond Bitcoin (B)

Offbeat
So Much for IBM’s Bright Idea on Remote Work (B)
Toronto Homeowners Are Suddenly in a Rush to Sell (B)