• Monte dei Paschi Rescue Cost Jumps as Deposits Fall (WSJ)
• Russia finds first black box from Black Sea crash jet (Reuters)
• Prat-Gay Fired as Argentine Finance Minister After One Year (BBG)
• Fear of Trump Triggers Spending Cuts by Nation’s Second Largest Union (BBG)
• Xi’s Power Play Foreshadows Change in How China Is Ruled (WSJ)

[Bloomberg] China, Japan Shares Fall in Thin Holiday Trading: Markets Wrap

[Bloomberg] China Bank Says Bond Guarantee Forged as Market Mood Worsens

[Reuters] China needs to regulate ‘money gates’ but guard against financial stress: state media