Daily News Links

8615 posts

Saturday, June 1, 2024

General

• Wall St Week Ahead Struggling Dow transport stocks could be economic warning signal
  Reuters
• Options Pros Are Worried About S&P 500 Rally’s Staying Power
  Yahoo/Bloomberg
• Netanyahu says no Gaza ceasefire until Hamas destroyed
  Reuters
• US shifts focus to China risks; Zelenskiy arrives at Asia defence meeting
  Reuters
• Modi's alliance to win India election, exit polls project
  Reuters
• China food security law comes into force, aims for absolute self-sufficiency
  Reuters
• Charting the Global Economy: Europe Inflation Picks Up Before ECB Meeting
  Yahoo/Bloomberg
• Macron’s travails worsen as S&P lowers France’s credit rating
  Yahoo/Bloomberg
• Companies Counter Pushback on Price Increases With Promotions
  NYT
• The AI Revolution Is Already Losing Steam
  WSJ
• Nvidia market cap jumps by $350bn amid ‘gamma squeeze’
  FT
• Boom in US penny stock trading prompts warnings of frothy markets
  FT
• China accuses US of seeking ‘Asia-Pacific Nato’
  FT

Friday, May 31, 2024

Evening

• S&P 500 Spikes in Final 20 Minutes of US Trading: Markets Wrap
  Yahoo/Bloomberg
• Stocks rebound while dollar, Treasury yields fall after US data
  Reuters
• Bonds Rally as Inflation Gauge Sustains Fed Rate-Cut Outlook
  Yahoo/Bloomberg
• Risky Loans Top Credit Markets After Record-Breaking Month
  Yahoo/Bloomberg
• Banks Pump Billions More Into Private Credit as Frenzy Grows
  Yahoo/Bloomberg
• Biden tip-toes deeper into Ukraine conflict with arms decision
  Reuters
• Buybacks Reach $201 Billion, a Record for May, Data Show
  Bloomberg
• Global M&A lurches back to life
  FT
• Philippines warns clashes in South China Sea could spiral into war
  FT
• Delhi suffers record heatwave as temperatures soar near 50C
  FT

General

• Stocks Dip With Focus on Key Inflation Data: Markets Wrap
  Yahoo/Bloomberg
• Global Bonds Slide Once Again as Inflation Curbs Rate-Cut Hopes
  Yahoo/Bloomberg
• Oil Extends Decline With Supply in Focus Before OPEC+ Meeting
  Yahoo/Bloomberg
• Wheat Jumps Most Since War in Ukraine Due to Weather Swings
  Yahoo/Bloomberg
• The Fed’s preferred inflation measure rose 0.2% in April, as expected
  CNBC
• Higher for Longer Rates Mean No Escape From the Debt Squeeze
  Yahoo/Bloomberg
• Latest housing market blow: Pending home sales gauge plunges
  Axios
• BofA Says Drop in US Tech Could Be Next Pain Trade for Equities
  Yahoo/Bloomberg
• Japan Spent Record $62 Billion to Prop Up Yen in Past Month
  Yahoo/Bloomberg
• Tokyo Inflation Picks Up, Keeping BOJ on Track for Rate Hike
  Yahoo/Bloomberg
• Euro zone inflation rises in fresh signal for ECB caution
  Reuters
• OPEC+ working on complex production cut deal for 2024-2025, sources say
  Reuters
• China’s 60 Million Homes Are Hard to Sell Even in Big Cities
  Yahoo/Bloomberg
• China's factory activity unexpectedly dips as property pain persists
  Reuters
• Largest ETF Outflows in Over a Year a Warning For China’s Stock Rally
  Yahoo/Bloomberg
• Foreigners pull money out of EM portfolios after five months of inflows
  Reuters
• Global equity funds record first outflows in five weeks amid rising U.S. yield
  Reuters
• US, allies 'gravely concerned' by North Korea-Russia cooperation
  Reuters
• Commercial Property Meltdown Clobbers Pension Funds
  WSJ
• Chinese State Media Hint at Possible PBOC Bond Selling
  WSJ
• Japan’s $62bn support for yen provides little reprieve
  FT
• Private capital has raised more money than it has returned
  FT

Thursday, May 30, 2024

Evening

• Nasdaq falls 1%; Salesforce shares weigh on tech
  Reuters
• Fed’s Logan Says Policy May Not Be as Restrictive as Believed
  Yahoo/Bloomberg
• Morning Bid: China PMIs, Tokyo CPI eyed; month-end mood dims
  Reuters
• Biden secretly gave Ukraine permission to strike inside Russia with US weapons
  Politico
• Biden allows Ukraine to use US-supplied arms to strike inside Russia near Kharkiv area, say US officials
  Reuters
• Subway Borrows $3.35 Billion in Biggest Securitization of Its Kind
  Yahoo/Bloomberg
• Tett: There is currency stress on the horizon
  FT
• US seeks to choke off supplies via China for Russia’s war machine
  FT

Afternoon

• Wall St slips as Salesforce drags on tech; data boosts rate-cut hopes
  Reuters
• Oil Falls Despite US Storage Drop as Traders Await OPEC+ Meeting
  Yahoo/Bloomberg
• High Interest Rates Are Working, Fed's Williams Says
  Yahoo/Bloomberg
• Fed's Williams: Monetary policy well positioned to lower inflation
  Reuters
• US Mortgage Rates Climb Past 7% in First Gain Since Early May
  Yahoo/Bloomberg

General

• US Stocks Drop as High Yields Sour Mood: Markets Wrap
  Yahoo/Bloomberg
• Yen Rebounds After Weakening to Level of Suspected Intervention
  Yahoo/Bloomberg
• Traders Are Bracing for a Record-Smashing Summer That Will Shake Up Commodities
  Yahoo/Bloomberg
• Dollar ascendant as surging US yields spur demand for safe havens
  Reuters
• Oil Steadies as Traders Look to OPEC+ Meeting, US Inventories
  Yahoo/Bloomberg
• The number of Americans applying for jobless benefits inches up, but layoffs remain low
  AP
• GDP shows U.S. economy grew just 1.3% in the first quarter as consumer spending slowed
  Dow Jones
• Morning Bid: Agitated markets wary of June heat
  Reuters
• Biggest month of bond supply to test markets as rate cut bets fade
  Reuters
• US banks have a commercial property blind spot risk, study warns
  Yahoo/Bloomberg
• Suffering drought, heat, blackouts, Mexicans head to the polls
  Reuters
• China's military says Taiwan drills met goals but it is ready for further action
  Reuters
• China Vanke in Advanced Talks With Banks for $6.9 Billion Loan
  Yahoo/Bloomberg
• Fourteen Hong Kong democrats found guilty in landmark subversion trial
  Reuters
• Extreme Heat Helps Push India’s Power Demand to New Record
  Yahoo/Bloomberg
• Dudley: The Fed Thinks It’s Fighting Inflation. Think Again.
  Bloomberg
• This Record Stock Market Is Riding on Questionable AI Assumptions
  WSJ
• The Rise in Consumers’ Late Debt Payments Is Slowing Down
  WSJ
• Eurozone Unemployment Hits Record Low
  WSJ
• US slows plans to retire coal plants as power demand from AI surges
  FT
• Can US offices collapse without breaking something important?
  FT
• Pressure mounts on Beijing to allow renminbi to weaken
  FT
• Exodus of US law firms from Shanghai accelerates
  FT
• Europe may soon discover the limits of decoupling on rates
  FT
• The fading Fed reign of economics PhDs
  FT

Wednesday, May 29, 2024

Evening

• Wall Street ends lower amid rate concerns, higher bond yields
  Reuters
• Oil Sinks as Weak Treasury Auction Creates Risk-Off Sentiment
  Yahoo/Bloomberg
• Revived Hike Chatter Fuels Higher-for-Longer Options Wagers
  Yahoo/Bloomberg
• US firms grow more pessimistic on economic outlook, Fed survey shows
  Reuters
• Home Insurance Is Clobbering Consumers. Yet It’s Barely Counted in Inflation.
  NYT
• Blinken Signals U.S. May Allow Ukraine to Strike Inside Russia With American Weapons
  WSJ

Afternoon

• Wall St slides as rate worries push bond yields higher
  Reuters
• Oil Fluctuates as Traders Seek Direction Ahead of OPEC+ Talks
  Yahoo/Bloomberg
• After 24 S&P 500 Records, Options Traders Running Low on FOMO
  Yahoo/Bloomberg
• Dimon Says ‘There Could Be Hell to Pay’ If Private Credit Sours
  Yahoo/Bloomberg
• US Banks’ Paper Losses on Some Securities Increased, FDIC Says
  Yahoo/Bloomberg
• Beth Hammack, ex-Goldman exec, named next Cleveland Fed president
  Yahoo Finance
• Israel says Gaza war likely to last another seven months as tanks probe Rafah
  Reuters
• Is China Stockpiling Resources to Prepare for War?
  Newsweek
• Iran's Khamenei seeks trusted hardliner to replace Raisi in June vote
  Reuters

General

• Stocks Slide With Bonds After US Yield Spike: Markets Wrap
  Yahoo/Bloomberg
• 10-year Treasury yield rises as investors weigh state of economy, weak auction
  CNBC
• Yuan Weakens to Lowest Since November as China Allows Declines
  Yahoo/Bloomberg
• Oil Extends Gain as Geopolitical Risks Simmer Before OPEC+ Meet
  Yahoo/Bloomberg
• Morning Bid: Fed in a bind as consumers stay upbeat
  Reuters
• Weekly mortgage demand drops to three-month low, as rates begin climbing again
  CNBC
• Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
  AP
• Storm-weary Texas battered again as powerful storm, strong winds kill 1, cause widespread damage
  AP
• Tornado season is the second-busiest so far in the U.S., behind 2011
  Axios
• Global debt has grown to $315 trillion this year — here’s how we got here
  CNBC
• China’s Silver Imports Set to Jump as Solar Demand Lifts Prices
  Yahoo/Bloomberg
• BOJ policymaker hints of rate hike if yen fall has big impact on inflation
  Reuters
• Australia’s Elevated Inflation Suggests RBA to Extend Pause
  Yahoo/Bloomberg
• Chinese Mega Cities Loosen Homebuying Rules as Aid Spreads
  Yahoo/Bloomberg
• IMF upgrades China's 2024, 2025 GDP growth forecasts after 'strong' Q1
  Reuters
• Europe’s Bond Sales Are Set to Top €1 Trillion in Record Time
  Yahoo/Bloomberg
• German inflation rises to 2.8% in May
  Reuters
• Hedge Funds Return to Convertible Bond Trade With Checkered Past
  Yahoo/Bloomberg
• More U.S. lawmakers meeting with Taiwan's president as China tensions mount
  Axios
• Putin warns West not to let Ukraine use its missiles to hit Russia
  Reuters
• Life on Ukraine’s front line: ‘Worse than hell’ as Russia advances
  Reuters
• Our tinderbox moment: Four flashpoints
  Axios
• BlackRock’s $20 Billion ETF Is Now the World’s Largest Bitcoin Fund
  Yahoo/Bloomberg
• Nobel Laureate Romer Says AI Hype Risks Repeat of Crypto Bubble
  Bloomberg
• US Homeowners With Adjustable Mortgages Face $1,000-a-Month Jump
  Bloomberg
• Europe CEOs See China Ties Worsening Despite Economic Optimism
  Bloomberg
• Should central banks target financial conditions?
  FT
• The next wave of AI hype will be geopolitical. You’re paying
  FT
• Macron says Ukraine should be able to target Russia with western arms
  FT
• Low volatility shows investors are underpricing risk
  FT
• Higher rates have changed the game for private equity
  FT
• Orange juice crisis prompts search for alternative fruits
  FT
• Food delivery apps rack up $20bn in losses in fierce battle for diners
  FT

Tuesday, May 28, 2024

Evening

• Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down
  Reuters
• Oil Recovers From Selloff Amid Escalating Middle East Tensions
  Yahoo/Bloomberg
• Munis See Biggest Sales Boom Since at Least 2013
  Yahoo/Bloomberg
• Storms leave widespread outages across Texas, cleanup continues after deadly weekend across US
  AP
• US Records Worst Bird Flu Outbreak in Two Years at Iowa Egg Farm
  Yahoo/Bloomberg
• Taiwan opposition strengthens parliament against presidency
  FT

Afternoon

• Wall Street mixed after holiday as markets await inflation data
  Reuters
• Oil Recovers From Selloff Amid Escalating Middle East Tensions
  Yahoo/Bloomberg
• Israeli tanks hit evacuation zone west of Rafah
  Reuters
• Consumer confidence rebounds for first time in 3 months
  Yahoo Finance
• Home-Price Growth in Key US Cities Accelerates as Buyers Hit
  Yahoo/Bloomberg
• Fed’s Kashkari Says Interest-Rate Hikes Not Entirely Ruled Out
  Yahoo/Bloomberg
• 25% of consumers recently used a buy now, pay later loan, report finds. What to know as they become popular
  CNBC
• China’s Top Cities Ease Housing Rules as Beijing Extends Aid
  Yahoo/Bloomberg
• EU debates training troops in Ukraine, no common view yet
  Reuters

General

• Stocks Trade Mixed With Focus on Inflation Data: Markets Wrap
  Yahoo/Bloomberg
• Oil Steadies as Geopolitical Tensions Rise Before OPEC+ Meeting
  Yahoo/Bloomberg
• Wheat Hits 10-Month High on Worries Over Black Sea Crops
  Yahoo/Bloomberg
• Yen Showdown Looms as Traders ‘Obsessed’ With Carry Ramp Up Bets
  Yahoo/Bloomberg
• Wall Street braces for faster trade settlement
  Reuters
• Fed's Kashkari wants significant progress on inflation before rate cuts
  Reuters
• Fed's Bowman: Would have backed waiting to taper balance sheet run-off
  Reuters
• Behind the Curtain: AI's ominous scarcity crisis
  Axios
• Why grocery bills feel so high, even though food inflation is technically low
  Axios
• Israeli tanks advance into Rafah's centre despite global outcry
  Reuters
• A ship is attacked and takes on water in the Red Sea off the coast of Yemen, authorities say
  AP
• U.S. "moving forward" with weapons for Taiwan, Rep. McCaul says
  Axios
• How the world got into $315 trillion of debt
  CNBC
• Japan's business service prices rise at fastest annual pace since March 2015
  Reuters
• Japan net external assets hit record high in 2023, remains world's top creditor
  Reuters
• China Quants Saw Assets Shrink After Stock Meltdown Hit Returns
  Yahoo/Bloomberg
• Iran’s Near Bomb-Grade Uranium Stock Grows Ahead of Election
  Yahoo/Bloomberg
• Bankruptcies Have Left More Stores Vacant, but the Space Doesn’t Sit Empty for Long
  WSJ
• Central banks must assess bond-buying risks, warns ECB’s Schnabel
  FT
• The mounting strains on global shipping
  FT

Monday, May 27, 2024

Evening

• China Stocks Eye Gains; Traders Await CPI Reports: Markets Wrap
  Yahoo/Bloomberg
• Oil rises 1% ahead of inflation data after downbeat week
  Reuters
• Tornado outbreak death toll rises as severe storms target East Coast
  Axios
• Iran's near-bomb-grade uranium stock grows, talks stall, IAEA reports say
  Reuters
• Iran’s Near Bomb-Grade Uranium Stock Grows Ahead of Elections
  Yahoo/Bloomberg
• White House assessing if Israel violated "red line" with Rafah strike
  Axios
• North Korean rocket carrying its 2nd spy satellite explodes in mid-air
  Politico

General

• European Stocks Steady as Traders Assess Rate Path: Markets Wrap
  Yahoo/Bloomberg
• Oil Holds Steady With OPEC+ Supply, US Demand in Focus
  Yahoo/Bloomberg
• Latest deadly weather in US kills at least 20 as storms carve path of ruin across multiple states
  AP
• Options Volatility Is Getting Crushed With Little Relief Ahead
  Yahoo/Bloomberg
• China Ramps Up Stimulus With $109 Billion Local Government Bond Sales So Far in May
  Yahoo/Bloomberg
• China sets up $47.5 bln state fund to boost semiconductor industry
  Reuters
• China's property stimulus raises risks for banks in smaller cities, S&P Global says
  Reuters
• 'Asset famine' in China curbs central bank's bond trading ambitions
  Reuters
• Ueda says Bank of Japan will proceed cautiously with inflation targeting frameworks
  Reuters
• ECB has significant room for rate cuts - Villeroy
  Reuters
• German Business Outlook Improves as Economic Momentum Builds
  Yahoo/Bloomberg
• US lawmaker tells Taiwan weapons are coming, China drills show deterrence need
  Reuters
• How China Pulled So Far Ahead on Industrial Policy
  NYT
• AI Is Driving ‘the Next Industrial Revolution.’ Wall Street Is Cashing In.
  WSJ
• In Israel’s North, Some Displaced Residents Call for Step Up in Fight Against Hezbollah
  WSJ
• End of Japan’s Battle Against Deflation in Sight, BOJ Deputy Gov. Says
  WSJ
• China Courts U.S.’s Top Asian Allies on Trade, but Will It Succeed?
  WSJ
• Taiwan president calls on US lawmakers for help to strengthen defences
  FT
• ECB is ready to start cutting interest rates, says chief economist
  FT
• China raises $47bn for chip industry in drive for self-sufficiency
  FT
• The ‘meh’ 2024 short squeeze
  FT

Sunday, May 26, 2024

General

• The Fed's favored inflation gauge highlights shortened trading week: What to know this week
  Yahoo Finance
• At least 5 dead in Texas after severe weather sweeps across Texas and Oklahoma, authorities say
  AP
• US 'deeply concerned' over China military drills in Taiwan Strait, State Dept says
  Reuters
• Bets on Risky CLOs Are Paying Off With 20% Gains: Credit Weekly
  Yahoo/Bloomberg
• The Great Reflation: Why the silver and gold trade has further upside
  Yahoo Finance
• G7 Finance Ministers Close Ranks as Tensions with Russia and China Fester
  NYT
• America’s New Island Fighters Are Preparing for Conflict—a Stone’s Throw From Taiwan
  WSJ