Global Macro:
- Bond yields fall after G20 summit (BBC Business)
- Big investors eye loading up on hedge funds: survey (Reuters)
United States:
- Parsing the Fed: How the Statement Changed (Wall Street Journal)
- FRB: Press Release–Federal Reserve issues FOMC statement (Federal Reserve)
- The Fed’s second best solution | The A-List (Financial Times)
- MBA: FHA Mortgage Refinance Applications increase sharply (Calculated Risk)
- State, local spending growth at lowest point since ’80s (USA Today)
- The Housing Recovery – Based On What? (Zero Hedge)
- Bernanke “Thinks” A Lot About The Economy (Zero Hedge)
- Presenting The Fundamental Flaw In The Fed’s Thinking (Zero Hedge)
- Federal Reserve to buy more bonds (BBC News)
Europe:
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- UK banks support further monetary stimulus (BBC News)
- UK unemployment falls by 51,000 (BBC News)
- Gap between UK inflation and wage growth starting to close? (Chart)
- Italy industrial orders -12.3% y/y in April but improvement on March, chart vs GDP growth (Chart)
- Greece’s ailing economy grinds to a halt (Financial Times)
- BOE’s King Lost Close Stimulus Vote (Wall Street Journal)
- Greece close to coalition deal as problems loom (Reuters)
- Spanish short-term debt costs reach alarm levels (Reuters)
- Martin Wolf: A bitter fallout from a hasty union (Financial Times)
- BoE support for more stimulus grows (Financial Times)
- Bailout fund should buy euro debt (Financial Times)
Asia:
- Japan trade deficit with EU for first time since 1974 (Reuters)
- Asia’s millionaires: on the up (Financial Times)
- Chinese gold imports skyrocketing (Wall Street Journal)
- China defends curbs on rare earths exports after WTO challenge (AFR)
- Forget Greek exit, ‘Chindown’ is the next big worry (Financial Times)
- China defends rare earth restrictions (Wall Street Journal)
Local:
- RIO Tinto commits a further $4.2bn in its iron ore operations in Australia (The Australian)
- Housing slump draging on economy (The Australian)
- Australia’s population growth smaller than expected (Fairfax)
- Melbourne expands its boundaries (Fairfax)
- Rio pours $3.7 billion into Pilbara iron ore (Fairfax)
- Rio trims China steel output forecast (AFR)
- Greens threaten to put brake on workplace reforms (AFR)
- Interstate migration slows (AFR)
