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Commodities
Gold rebounds as signs of China slowdown fuel demand for hedge
Gold rose for the first time in three days on signs that Chinese manufacturing will slow in May for the first time in seven months, sparking a drop in global equities and increased demand for bullion as a protection of wealth.
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Financials
Jobless claims in U.S. dropped more than forecast last week
Fewer Americans than projected filed applications for unemployment benefits last week, a sign that the job market is sustaining recent gains.
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Forex
A financial crisis is almost certainly in the cards for Japan, and it is just a question of timing. Unfortunately, the government may have fast forwarded that date.
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Regulations
Wall Street seeks to change Dodd-Frank rules via trade
U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.
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