Rounding up top reads from around the web, including articles shared by fellow investors in the Financial Horse Facebook Group.

Asia extends global stock rally on economic recovery hopes; STI up 2.1% (Straits Times)

Asian stocks extended a global stock rally on Wednesday (June 3) as investors continued to bet on a quick economic recovery from the coronavirus pandemic despite massive unrest across the United States.

Global stocks are trading at a three-month high as businesses continue to reopen around the world and manufacturing gauges show economies stabilizing following coronavirus shutdowns. That’s despite a slew of risks still on the horizon, including tense US-China relations that may jeopardize a hard-won trade deal.

Negative interest rates could be needed for a ‘V’ recovery, Fed economist says (CNBC)

  • Policymakers “will need to consider negative interest rates” in getting the U.S. economy back to health, St. Louis Fed economist Yi Wen said in a paper.