EUROPE
Ferdinando
Giugliano: Italy Has a Bigger Problem Than Nasty Letters From Brussels – BB
This
week’s Commission letter is a bit of a sideshow. The country’s dwindling
credibility with international investors is far more damaging.
ECB Is Down One
Deflation-Fighting Revolutionary as Praet Leaves – BB
Top
economist Peter Praet hands over to Philip Lane on May 31 * Belgian national
was a creative force behind stimulus programs
UNITED STATES
Mark Gongloff: Maybe
the Economy Won’t Re-Elect Trump After All – BB
Several
indicators are moving in the wrong direction.
Trump Steps Into a
Mexican Labyrinth
– BB
The
cost of unwinding complex, multilayered supply chains is a murky question.
What’s certain is that U.S. consumers will pay the heaviest price.
OTHER
Today’s U.S.-China
Clash Began at Tiananmen Square – BB
Ever
since the massacre, Beijing has pushed authoritarianism at home and abroad.
China
manufacturing PMI shrank – ING
China's
manufacturing PMI fell from last month's expansion to contraction. Will this
become a trend? Is this a result of the trade or technology war? What role does
infrastructure play in manufacturing activity? Will China use the yuan to boost
manufacturing-related exports?
TRADE WAR
Brahma Chellaney: China’s
Tiananmen Reckoning –
Project
Syndicate
The
30th anniversary of the Tiananmen Square massacre is a reminder that the free
ride China has enjoyed internationally in recent decades is ending. It should
also serve as a warning to the Communist Party that its continued reliance on
brute power to keep China’s citizens in line could eventually leave it on the
ash heap of history.
China threatens to
blacklist foreign companies – FT
Country
to launch ‘non-reliable entity’ list in escalation in trade dispute
Beijing Threatens
To Blacklist "Unreliable" US Companies – ZH
Trump’s tariff
threat on Mexico rattles global markets – FT
US
president warns of levies on imports unless border ‘crisis’ is resolved
Wall Street Responds To Trump's Shock Tariff Announcement – ZH
REGULARS
Five Things to
Start Your Day Asia
– BB
Eco Day Asia – BB
Clarida
Sets Easing Scenario, New Cold War, U.S. GDP * Goldman sees Argentina and
Turkey as risk to global currencies * What trade war? Africa sidesteps tariffs,
eyes free-trade pact
Five Things to
Start Your Day Europe
– BB
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
Brussels Edition – BB
Brussels Playbook – Politico
Bierlein
over troubled waters — Merkel vs. Trump — Orbán goes goodwill hunting
Eco Day Europe – BB
Trump's
Mexico Salvo, China's PMI Shock, Praet Departs * China’s factory employment
gauge at lowest level since 2009 * White House says tariff action is separate
from new Nafta
Daily Market
Comment
– Marc
Chandler
US
Struggles to Build Physical Wall, Tries Tariff Wall on Mexico
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Global
Markets Routed After Trump Tariff Bombshell, Bund Yields Crater To Record Low
Eco Day US – BB
Mexico’s
Tariff Hit, Italy’s Latest Debt Fight and MMT * Trump to impose tariff of up to
25% on Mexico over immigration * Mexico tariffs risk U.S. economic turmoil
ahead of 2020 vote
FINNISH
Aamukatsaus – Nordea
Meksikon tuontiin Yhdysvaltoihin asetetaan 5 prosentin
tuontivero painostuskeinona laitonta maahanmuuttoa vastaan | Onko USA:n heikko
inflaatio väliaikaista? | Kiinan virallinen ostopäällikköindeksi laskussa