wiar 06-07-18

Mary FanslauWhat I Am Reading

June 07 (Thursday)

Stocks Rise on Latest Global Trade Signals (W)
Trade War Yanked $1.25 Trillion From U.S. Stocks, JPMorgan Says (B)
Markets hit as ECB officials strike upbeat note (FT)
Eurozone bond yields rise on ECB remarks on stimulus (FT)
Muted euro reaction on hawkish ECB signals nerves (FT)

Central banks
ECB Official Indicates Next Meeting Is Key to Bond-Buying Decision (W)

U.S. Productivity Rose Less Than Expected in First Quarter (W)
Why U.S. Prime-Age Workforce Participation Lags Behind Other Nations (W)
What We Know and Don’t Know About Declining Labor Force Participation (Brookings, 2017)

China eyes role as world’s power supplier (FT)
El-Erian Warns Brazil May Be Next Emerging-Market Domino to Fall (B)

US politics
Top GOP senators are organizing a plan to take control of Trump’s tariffs, and it might actually work (BI)
Ryan, Like Gowdy, Says FBI’s Trump Campaign Probe Was Appropriate (W)

Geopolitics & trade
After Tariffs, U.S. Allies Coordinate Retaliation Efforts (W)
EU presses ahead with retaliation to US tariffs (FT)
NATO Allies Bristle Over U.S. Tariffs Pinned to Security Threats (W)
Singapore Gears Up as the Trump-Kim Show Gets Ready to Roll (W)
Why a flexible Trump unnerves an unyielding Abe (FT)

Industries & companies
Airlines: Climbing Fuel Costs Push Airlines to Raise Ticket Prices (W)
FANGs: Facebook Confirms Data-Sharing Deals With Chinese Firms (W)
FANGs: Facebook faces an uphill struggle to regain trust (FT)
FANGs: Google braced for EU penalty over abuse of dominance (FT)

Corporate finance
China regional bank IPOs set to raise $14bn (FT)
GitHub Is Microsoft’s $7.5 Billion Undo Button (B)
Fortive Offers $2.7 Billion for J&J’s Medical-Equipment Sterilization Business (W)
Twitter Plans to Sell $1 Billion in Convertible Debt (W)

The millennial moment — in charts (FT)