Daily News Links

8615 posts

Saturday, May 25, 2024

General

• The Fed probably won’t be delivering any interest rate cuts this summer
  CNBC
• China ends war games, Taiwan details warplane, warship surge
  Reuters
• Yellen Says Higher Path for Rates Boosts Need to Lift Revenue
  Yahoo/Bloomberg
• "It's not just one factor:" Why this hurricane season could be so prolific
  Axios
• Italian banks must quit Russia, ECB's Panetta says
  Reuters
• China ‘Blockade Simulation’ Exposes $5 Trillion Global Danger
  Bloomberg
• What went wrong with capitalism
  FT
• G7 finance chiefs back plan to leverage frozen Russian assets to fund Ukraine
  FT
• More US high-grade borrowers at risk of downgrade as economy slows
  FT

Evening

• Stocks rebound to close higher but Dow down for the week
  Reuters
• GameStop surges after fetching $933 mln from stock sale
  Reuters
• Israel defiant after World Court ruling
  Reuters
• China Fear Grips G-7 With Draft Raising Alarm at ‘Harmful’ Trade
  Yahoo/Bloomberg
• Fed’s Waller Says He Still Thinks Neutral Rate Is Relatively Low
  Yahoo/Bloomberg
• Taiwan in political turmoil as China steps up military intimidation
  FT

Friday, May 24, 2024

General

• Stocks Edge Higher as Tech Bulls Wade Back In: Markets Wrap
  Yahoo/Bloomberg
• Oil holds steady around three-month lows
  Reuters
• Rising US debt burden spooks some bond investors ahead of election
  Reuters
• Carry Trade Is All the Rage Across Global Bond and FX Markets
  Yahoo/Bloomberg
• Central bankers should acknowledge blind spots, Fed's Mester says
  Reuters
• U.S. durable goods rise for third straight month in April
  Dow Jones
• Major consumer divide: The rich keep spending, as poorer Americans struggle
  Axios
• China warns of Taiwan 'war' as military drills encircle island
  AFP
• Heavy fighting in northern Gaza, Israeli tanks advance further in Rafah
  Reuters
• Japan's inflation slows further, keeping BOJ cautious on further rate hikes
  Reuters
• Global equity funds see strong weekly inflows on U.S. rate cut hopes
  Reuters
• A Hedge-Fund Volatility Trade Risks Getting Crushed by the Crowd
  Yahoo/Bloomberg
• US pushes for Ukraine aid, united front against China’s trade practices at G7 finance meeting
  AP
• China's second day of war games around Taiwan tests ability to 'seize power'
  Reuters
• Food Inflation Fears Rekindled as Crop Index Erases 2024 Loss
  Yahoo/Bloomberg
• Heavy rains return to southern Brazil, flooding even higher ground in Porto Alegre
  Reuters
• China’s $538 Billion Deposit Exodus Supercharges Rally in Bonds
  Bloomberg
• Facing Possible Cash Crunch, Giant Real Estate Fund Limits Withdrawals
  NYT
• China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.
  NYT
• The Hidden Driver of Soaring Home Insurance Costs
  WSJ
• Chat Xi PT? China’s Chatbot Makes Sure It’s a Good Comrade
  WSJ
• Janet Yellen says many Americans still struggling with inflation
  FT

Thursday, May 23, 2024

Evening

• Treasury Yields Plow Higher as Traders See First Fed Cut Later
  Yahoo/Bloomberg
• Stocks Join Bonds in Falling as Fed-Cut Bets Wane: Markets Wrap
  Yahoo/Bloomberg
• Stocks fall despite Nvidia boost as inflation concerns weigh
  Reuters
• Oil Drifts to February Lows Amid Physical Weakness, Stock Slump
  Yahoo/Bloomberg
• How does this end? With Hamas holding firm and fighting back in Gaza, Israel faces only bad options
  AP
• ‘Heat dome’ leads to sweltering temperatures in Central America and the U.S. South
  PBS
• Starwood’s $10 Billion REIT Turns to Survival Mode as Real Estate Pain Lingers
  Bloomberg

Afternoon

• Bonds Sink as Data Fuel Bets Fed in No Rush to Cut: Markets Wrap
  Yahoo/Bloomberg
• Sinking volatility rings cross-asset complacency warning
  Reuters
• US labor market remains strong; housing market losing momentum
  Reuters
• Texas power demand to break May record in heat wave on Friday
  Reuters
• Bonds’ Decades-Long Lead Over Gold Vanishes as Debt Worries Grow
  Reuters
• US 30-year fixed-rate mortgage falls below 7%
  Reuters
• NOAA Warns 2024 Atlantic Hurricane Season Could be "Extraordinary"
  MSN
• China Holds Taiwan War Games, Vows Blood Of 'Independence Forces'
  AFP
• Mexico’s next leader faces gaping budget hole
  FT

General

• Stocks Rally as Nvidia Keeps AI Juggernaut Going: Markets Wrap
  Yahoo/Bloomberg
• Oil prices bounce back after three-day decline but still on pace for weekly loss
  CNBC
• China Allows Yuan to Drop as Outflows, Dollar Test PBOC’s Grip
  Yahoo/Bloomberg
• US Business Activity Expands Most in Two Years, Prices Pick Up
  Yahoo/Bloomberg
• US weekly jobless claims fall as labor market remains solid
  Reuters
• Improved business activity casts doubt over rate cuts
  Reuters
• JPMorgan CEO Jamie Dimon says U.S. could see a ‘hard landing,’ stagflation will be ‘worst outcome’
  CNBC
• Companies Put Record Amount In Shareholders' Pockets: Report
  AFP
• Yellen wants G7 'wall of opposition' to China's excess industrial capacity
  Reuters
• Losses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate Debt
  Yahoo/Bloomberg
• Israeli forces push deeper into Gaza's north and south
  Reuters
• China launches 'punishment' war games around Taiwan
  Reuters
• Taiwan scrambles jets and puts missile, naval and land units on alert over China’s military drills
  AP
• Chinese military practiced Taiwan invasion manoeuvres in 2023, says US general
  Reuters
• With mock attacks, China sends honed warning to Taiwan's new president
  Reuters
• South Korea holds rates, signals tight policy to stay over short term
  Reuters
• South Korea announces $19 bln support package for chip industry
  Reuters
• Japan's factory activity expands for first time in a year, PMI shows
  Reuters
• Mexico Consumer Prices Rise More Than Expected
  Yahoo/Bloomberg
• Euro-Zone Wage Growth Picks Up in Inflation Warning to ECB
  Yahoo/Bloomberg
• Euro-Zone Activity Hits One-Year High as Recovery Gains Pace
  Yahoo/Bloomberg
• Russia says it will strike British targets if UK weapons are used to hit its territory
  Reuters
• Microsoft Wanted to be Carbon Negative. Then It Went Big on AI
  Bloomberg
• Chinese Military Launches Drills Encircling Taiwan in Test of New President
  WSJ
• CFOs Lock in Savings with Interest-Rate Swaps Amid Uncertainty About Fed Cuts
  WSJ
• China kicks off ‘punishment’ drills around Taiwan
  FT
• Japan’s ‘wall of money’ is too big a temptation to resist
  FT

Wednesday, May 22, 2024

Evening

• Stocks fall after Fed minutes; Nvidia shares climb after the bell
  Reuters
• US Bonds Slip as Fed Minutes Show Higher Rates Still on Table
  Yahoo/Bloomberg
• Oil Retreats as Hawkish Fed Minutes Weigh Down Equity Markets
  Yahoo/Bloomberg
• Nvidia's strong forecast lifts shares of AI chipmakers
  Reuters
• Goldman Now Sees US Debt-Cost Ratio Rising Into Danger Zone
  Yahoo/Bloomberg
• Goldman Sachs CEO says Fed unlikely to cut rates this year
  Reuters
• Texas to Face Heat Index of 110F in Late Spring Test for Power Grid
  Yahoo/Bloomberg
• Steady, Widening Service Price Rises May Spur BOJ’s Next Move
  Yahoo/Bloomberg
• Fed Officials Saw Longer Wait for Rate Cuts After Inflation Setbacks
  WSJ

Afternoon

• Stocks take leg lower after Fed minutes with Nvidia earnings on deck
  Yahoo Finance
• Fed Minutes Show Officials Rally Around Higher-for-Longer Rates
  Yahoo/Bloomberg
• Federal Reserve minutes indicate worries over lack of progress on inflation
  CNBC
• US Existing-Home Sales Unexpectedly Fall, Prices Stay High
  Yahoo/Bloomberg
• Texas to Face Extreme Heat in New Test for Its Power Grid: Weather Watch
  Yahoo/Bloomberg
• The doomsday glacier is undergoing "vigorous ice melt" that could reshape sea level rise projections
  CBS
• How Has Inflation Hit Your Finances? 10 People Get Candid
  WSJ
• Surging German wage growth casts doubt on timing of ECB rate cuts
  FT
• Japan’s Norinchukin plans capital raise after higher rates hit bond holdings
  FT
• Israel recalls envoys as Spain, Ireland and Norway commit to recognise Palestinian state
  FT

General

• Stocks Steady as Nvidia Results Grab Spotlight: Markets Wrap
  Yahoo/Bloomberg
• US Bonds Fall as Traders Look to Fed Minutes for Rate-Cut Clues
  Yahoo/Bloomberg
• Japan Yields Have Room to Rise After 1% Reached on BOJ Bets
  Yahoo/Bloomberg
• Oil Nears 3-Month Low as US Report Points to Swelling Stockpiles
  Yahoo/Bloomberg
• Fed shifts talk to 'scenarios' as policy grows less certain
  Reuters
• Weekly mortgage refinance demand revives as interest rates fall to 7-week low
  CNBC
• Breakingviews: The $5 trillion AI boom could both succeed and fizzle
  Reuters
• Russian attacks on Ukraine power grid touch Kyiv with blackouts ahead of peak demand
  AP
• UK defence minister says China working to supply lethal aid to Russia
  Reuters
• China Hints at Retaliation in Trade Clash With Europe
  Yahoo/Bloomberg
• China Banks Rush to Offer Loans for State Buying of Unsold Homes
  Yahoo/Bloomberg
• Japan racks up trade deficit as imports balloon due to cheap yen
  AP
• Echoes of 2009 Crisis Thrust Japanese Bank Norinchukin Back Into Spotlight
  Yahoo/Bloomberg
• Bundesbank warns of inflation risk as wages rise more than expected
  Reuters
• Geopolitical risks top concern for global family offices, UBS survey shows
  Reuters
• Risky Bonds Join the Everything Rally
  WSJ
• The US and Europe should decouple on monetary policy
  FT
• China has finally unveiled its property rescue plan. Will it be enough?
  FT
• Chinese sovereign bond trading suspended after frantic retail buying
  FT
• Turkey’s inflation crisis rages a year into economic turnaround
  FT
• PwC faces crisis in China over audit of failed property giant Evergrande
  FT

Tuesday, May 21, 2024

Evening

• Stocks end slightly higher after Fed comments, ahead of Nvidia
  Reuters
• Waller Says Fed Could Cut Rates at ‘End of This Year’ If Data Softens
  Yahoo/Bloomberg
• Houston Storm Hit Most-Stressed US Grid With Power Outages at 140,000
  Yahoo/Bloomberg
• Scorching heat wave to creep north, roast Texas, Gulf Coast, southern Plains
  Axios
• ECB’s Lagarde Sees June Rate Cut With Inflation ‘Under Control’
  Yahoo/Bloomberg
• Europe sets benchmark for rest of the world with landmark AI laws
  Reuters
• Russia starts exercise to simulate launch of tactical nuclear weapons
  Reuters
• How Wall Street Lenders Are Betting Big on the AI Boom
  WSJ
• Parents Are Feeling the Pain of Inflation and Child-Care Costs
  WSJ
• EU trade deficit with China shrinks to lowest level since 2021
  FT

General

• Stocks Slip as Focus Turns to Nvidia, Fed Speeches: Markets Wrap
  Yahoo/Bloomberg
• Oil sheds $1 as Fed interest rate outlook stokes demand fears
  Reuters
• Nvidia earnings could spark $200 billion swing in shares, options show
  Reuters
• Japan closely monitoring weak yen and bond market, finmin says
  Reuters
• Fed's Waller sees some progress on inflation, no rate hike needed
  Reuters
• Yellen says US, Europe must respond jointly to China's industrial overcapacity
  Reuters
• Jarring generation gap: America is divided on values, economics, politics
  Axios
• Italy's large deficit, debt could erode investor confidence, IMF warns
  Reuters
• India’s $6 Trillion Derivatives Frenzy Has Government Worried
  Yahoo/Bloomberg
• China's embassy in Japan says it opposes Japanese lawmakers visiting Taiwan
  Reuters
• Banks Are Now Targeting Some of Private Credit’s Riskiest Debt
  Bloomberg
• ASML and TSMC Can Disable Chip Machines If China Invades Taiwan
  Bloomberg
• China Is Winning the Minerals War
  WSJ
• Janet Yellen urges Europe to join US in Chinese exports crackdown
  FT
• Nvidia’s rivals take aim at its software dominance
  FT
• Why China is reluctant to make a much-needed shift
  FT

Monday, May 20, 2024

Evening

• Nasdaq, gold scale all-time highs amid cautious Fed comments
  Reuters
• Wheat Surges on Russia Weather Woes; Cocoa Slumps Below Key Mark
  Yahoo/Bloomberg
• Bond Buyers Paid Least in Years for EM Corporate-Bond Risk
  Yahoo/Bloomberg
• Fed policymakers still cautious on inflation and policy
  Reuters
• Death of Iranian President adds to tensions in Middle East
  FT

Afternoon

• Gold, copper hit records, silver reaches 12-year high as metals rally continues
  Yahoo Finance
• Nasdaq hits record high on chip boost as Nvidia results in focus
  Reuters
• Treasuries Slip for a Third Day as Inflation Optimism Wears Thin
  Yahoo/Bloomberg
• Fed's Jefferson, Barr sound cautious note on inflation
  Reuters
• ECB Flags Basis Trade Risks in Europe’s Government Bond Market
  Yahoo/Bloomberg
• In divided Iran, president's death met by muted mourning and furtive celebration
  Reuters

General

• Gold hits record peak as rate cut bets burnish appeal, silver jumps
  Reuters
• Stocks Gain as Copper, Gold Climb to Records: Markets Wrap
  Yahoo/Bloomberg
• Japan’s Benchmark Bond Yield Hits Decade-High on Rate-Hike Bets
  Yahoo/Bloomberg
• Copper Hits Record Above $11,000 on Bets That Shortage Looms
  Yahoo/Bloomberg
• Oil Steadies After Weekly Advance as Geopolitical Risks Flare
  Yahoo/Bloomberg
• Bond Buyers Get Paid Least in Years for EM Corporate Bond Risk
  Yahoo/Bloomberg
• Iranian President Ebrahim Raisi killed in helicopter crash, official says
  Reuters
• Who is Mohammad Mokhber, the man set to become Iran's interim president?
  Reuters
• Israel vows to broaden Rafah sweep amid heavy fighting in parts of Gaza
  Reuters
• Are consumers pulling back on spending? It depends which CEO you ask
  CNBC
• Florida’s 125% Surge in Property-Insurance Bills Sows Havoc
  Yahoo/Bloomberg
• China’s Capital Outflow Surges to Highest Since 2016 in April
  Yahoo/Bloomberg
• China's property support measures disappoint
  Reuters
• China's fiscal revenue shrank 2.7% in Jan-April amid shaky economic recovery
  Reuters
• Norinchukin Weighs $7.7 Billion Fundraise to Cover Bond Loss
  Yahoo/Bloomberg
• New Taiwanese president calls on China to stop its threats
  Reuters
• One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
  Bloomberg
• A $10 Billion Real-Estate Fund Is Bleeding Cash and Running Out of Options
  WSJ
• Japan’s 10-Year Government Bond Yield Hits 11-Year High
  WSJ
• China Hints at Possible Retaliation Against EU Probes
  WSJ
• The relationship between Xi and Putin is built to last
  FT
• Taiwan’s new president calls on China to end threats and intimidation
  FT

Sunday, May 19, 2024

Evening

• Stock futures tick higher after Dow closes above 40,000 for the first time: Live updates
  CNBC
• Helicopter carrying Iran's President Raisi crashes, search under way
  Reuters
• Helicopter crash could reverberate across the Middle East, where Iran’s influence runs wide and deep
  AP
• Russian Oil Refinery Hit as Kharkiv Region Is Under Shelling
  Yahoo/Bloomberg
• Five Key Charts to Watch in Global Commodity Markets This Week
  Yahoo/Bloomberg
• Morning Bid: China clouds darken market mood
  Reuters
• China’s Housing Rescue Is Too Small to End Crisis, Analysts Say
  Yahoo/Bloomberg
• New Taiwan president to take office facing angry China
  Reuters
• China’s EV Makers Taking Longer to Pay Bills Amid Rising Stress
  Bloomberg

General

• Soaring debt and deficits causing worry about threats to the economy and markets
  CNBC
• Israel launches strikes across Gaza as U.S. envoy meets Netanyahu
  Reuters
• Russian strikes on Kharkiv region kill at least 10, says local official
  Reuters
• Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
  Yahoo/Bloomberg
• UK Sees ‘Direct Threat’ From Russia, China Alliance, Shapps Says
  Bloomberg
• U.S. Fears Undersea Cables Are Vulnerable to Espionage From Chinese Repair Ships
  WSJ
• Behind Putin Visit, Unease in Beijing Over His Potential Next Stop: North Korea
  WSJ
• China retaliates against the US and EU with anti-dumping probe
  FT
• Are the US and Chinese economies really about to start ‘decoupling’?
  FT