The Market In 5 Minutes: China And Trade, Banks, Government Bonds And More

IN THE NEWS

China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China’s refusal to surrender: Link

The concept of robo-advisors isn’t new. Despite the growth of the industry over the last five or so years making it easier to invest than ever, a large segment of the population continues to be underinvested — especially young adults: Link

U.S. government bonds are paying more than debt from other developed countries for the first time in almost two decades, a new sign of investors’ struggle to reconcile expectations for faster U.S. growth with concerns about the impact of deficits and inflation: Link $

U.S. Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on the sidelines of the G-20 foreign ministers meeting in Buenos Aires: Link

Banks are getting another Volcker rule win: Link

U.S. banks are rolling in so much dough they are begging regulators to let them return to the days of risky proprietary trading — all the while stiffing their interest-starved customers, critics say: Link

ECONOMIC DATA

• April Chicago Fed National Activity index 0.34 vs 0.48 expected
• The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
• Atlanta Fed President Raphael Bostic is set to speak at 12:15 p.m. ET.
• Philadelphia Federal Reserve Bank President Patrick Harker will speak at 2:15 p.m. ET.
• Minneapolis Federal Reserve President Neel Kashkariis set to speak at 5:30 p.m. ET.

ANALYST RATINGS

• KeyBanc upgraded Alteryx AYX from Sector Weight to Overweight
• Stifel upgraded Knight-Swift KNX from Hold to Buy
• Evercore downgraded HCP HCP from In-Line to Underperform
• Evercore downgraded Vereit VER from Outperform to In-Line

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.