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#OOTT US Baker Hughes Rig Count 24-May: 983 (est 985; prev 987) - Rotary Oil Rigs: 797 (est 800; prev 802) - Rotary… https://t.co/vXtjHmbcv5 (34mins) like | retweet
RT @globaltimesnews: #Boeing now in real trouble. In #US, Boeing faces #SEC probe into disclosures about #737MAX; in #China, it faces compe… (36mins) like | retweet
RT @SCMPNews: US tariffs on Chinese imports could cost American households US$831 a year https://t.co/RofEQ9ffPl (1hrs ) like | retweet
US NY Fed GDP Nowcast Q2: 1.41% (prev 1.79%) https://t.co/RR47iYmtST (2hrs ) like | retweet
RT @jrmaidment: NEW: Sir Vince Cable has triggered a Lib Dem leadership contest. His successor will take over on July 23. (2hrs ) like | retweet
RT @globaltimesnews: #环球时报Editorial: To defend China’s economic sovereignty, it is worth bearing some short-term pain. The process will sti… (2hrs ) like | retweet
RT @Trade_The_News: $TSLA Reportedly Tesla plant opening postponed to 2020 as China re-opens the investigation of Tesla car explosion in ba… (2hrs ) like | retweet
Trump Approves Sending More Forces To The Middle East Amid Tensions With Iran – WP https://t.co/XyT7EBiorZ (2hrs ) like | retweet
RT @SebastianEPayne: Sir Graham Brady has not resigned as chair of the 1922 committee. He has recused himself from the leadership contest w… (2hrs ) like | retweet
RT @carlquintanilla: JPMORGAN: “We now see the risks of the next [Fed] move as about evenly distributed btw a hike and a cut.. We still sen… (2hrs ) like | retweet
today’s featured stories
Here Are The Top Contenders Looking To Become Britain's Next Prime Minister
Britain’s Theresa May announced her resignation as prime minister on Friday morning, paving the way for a contest within the ruling Conservative Party to bring a new leader to power. The announcement came after U.K. lawmakers refused to vote in favour of May’s...
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Britain’s Theresa May announced her resignation as prime minister on Friday morning, paving the way for a contest within the ruling Conservative Party to bring a new leader to power.

 

The announcement came after U.K. lawmakers refused to vote in favour of May’s much-maligned Brexit deal on three separate occasions since the start of the year.

 

Fighting back tears, the outgoing prime minister said she had “done everything” she could to honour the 2016 EU referendum result. But, with “deep regret,” she had been unable to deliver Brexit and lost the support of many within her own party. (CNBC - Continue Reading)

BAML: First Net Inflows Into Global Equities In 10 Weeks
Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financial markets. The net inflow into equities totalled $900...
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Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch said on Friday, as worries about the U.S.-China trade spat sent shudders through financial markets.


The net inflow into equities totalled $900 million (£709 million) in the week to Wednesday, the first in 10 weeks, the bank said, citing EPFR data. That is eclipsed by the $135 billion that has left stocks year to date.


Some $3.9 billion left emerging market equities, the biggest since June last year. (Reuters - Continue Reading)

EU 2019 Parliamentary Election Preview
Voters in the UK and the Netherlands will be at Europe’s political forefront on Thursday when they cast the first ballots in the EU parliamentary election, and the latest polls predict a further hollowing of the political centre that mirrors many of the trends in member states of the...
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Voters in the UK and the Netherlands will be at Europe’s political forefront on Thursday when they cast the first ballots in the EU parliamentary election, and the latest polls predict a further hollowing of the political centre that mirrors many of the trends in member states of the 28-nation union.

 

Centrist are expected to remain the dominant force in parliament when the next session commences on 2 July, but voters are likely to increase the strength of parties on the extreme left and right, according to projections.  

 

More than 420mln Europeans are eligible to vote in the election for the next five-year term. Balloting runs from 23-26 May, and the first results are due Sunday evening. (LiveSquawk – Continue Reading)

Theresa May To Resign As Prime Minister
Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister.   Mrs May said she will continue to serve as prime minister while a Conservative leadership contest takes place. She will step down as Tory leader on 7 June...
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Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister.

 

Mrs May said she will continue to serve as prime minister while a Conservative leadership contest takes place.

 

She will step down as Tory leader on 7 June and a leadership contest is due to begin the following week. (BBC – Continue Reading)

The U.S. and China are going toe to toe in their fight over trade. In one corner, President Donald Trump is swinging away with tariffs and blacklisting Huawei Technologies. In the other, President Xi Jinping is promising retaliation from Beijing just as a privately produced song that’s...
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The U.S. and China are going toe to toe in their fight over trade. In one corner, President Donald Trump is swinging away with tariffs and blacklisting Huawei Technologies.

 

In the other, President Xi Jinping is promising retaliation from Beijing just as a privately produced song that’s gone viral on Chinese social media promises: “If the perpetrator wants to fight, we will beat him out of his wits.”

 

With some tariffs in place for a year now, here’s a look at how the combatants are faring. (Bloomberg – Continue Reading)

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