Trump Wields More Powerful Weapon Than Tariffs in Trade War

The Trump administration is seeking to choke off Beijing’s access to key technologies by limiting the sale of vital U.S. components to China’s Huawei Technologies Co. The U.S. is considering putting at least five Chinese surveillance companies on the same blacklist. The moves are part of a bigger effort
— Read on ca.finance.yahoo.com/news/trump-wields-more-powerful-weapon-172641613.html

Italian Bonds Surge After Salvini Strikes More Conciliatory Tone

Salvini is hoping to secure a large increase in seats in European Union elections this week, which could give him more policy leverage in Rome and Brussels. Ten-year yields fell as much as nine basis points to 2.55%, the lowest level in over two weeks. The potential for another battle with the EU over
— Read on ca.finance.yahoo.com/news/italian-bonds-surge-salvini-strikes-093346416.html

U.K. Yield Curve Flattest Since Financial Crisis on Brexit Fears

Gilts have surged to take benchmark yields to the lowest since 2017, as investors sought safe assets on the increasing risk of a no-deal Brexit. Gilts have outperformed their peers in May, including Treasuries and German bunds, on the prospect that the Bank of England might have to switch tack to make
— Read on ca.finance.yahoo.com/news/bonds-prove-u-k-asset-145643208.html

ECB Policy Maker Sees Economic Upturn Intact Before June Meeting

The euro-area economy remains on track with European Central Bank projections that foresee an upturn later this year, policy maker Bostjan Vasle said. The ECB is gearing up for a meeting in Lithuania in two weeks that will include updates to its forecasts and discussions over how generous to make a
— Read on ca.finance.yahoo.com/news/ecb-policy-maker-sees-economic-040011394.html

How Much Should You Save? 40% Would Struggle With $400 Emergency – Bloomberg

Many U.S. households find themselves in a fragile position financially, even in an economy with an unemployment rate near a 50-year low, according to a Federal Reserve survey.
— Read on www.bloomberg.com/news/articles/2019-05-23/almost-40-of-americans-would-struggle-to-cover-a-400-emergency

Fairfax’s Watsa Sees Trade Tensions Easing, Growth in India – Bloomberg

Investor Prem Watsa sees more room to run in the global economy because trade tensions with China will ease, and calls India the “single best place” to put money.
— Read on www.bloomberg.com/news/articles/2019-05-23/fairfax-s-watsa-sees-trade-tensions-easing-growth-in-india

China can maintain ‘healthy’ growth despite trade friction: planning official – Reuters

China can maintain healthy, sustainable economic growth even as it suffers some impact from trade friction with the United States, a senior official from China’s state planner was quoted as saying on Friday.
— Read on www.reuters.com/article/us-usa-trade-china/china-can-maintain-healthy-growth-despite-trade-friction-planning-official-idUSKCN1SU1AT

Trump predicts ‘fast’ trade deal with China but provides no evidence

U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries.
— Read on www.cnbc.com/2019/05/24/trump-predicts-fast-trade-deal-with-china-but-provides-no-evidence.html

CMHC CEO defends mortgage stress test changes amid calls for loosening rules – BNN Bloomberg

CMHC CEO defends mortgage stress test changes amid calls for loosening rules – BNN Bloomberg
— Read on www.bnnbloomberg.ca/cmhc-ceo-defends-mortgage-stress-test-changes-amid-calls-for-loosening-rules-1.1263474