Daily News Links

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Saturday, May 4, 2024

General

• Egypt media cite progress in truce talks as Israel downplays chances of end to war with Hamas
  AP
• Bond Market Parties On as Jobs Data Revive Fed Rate-Cut Bets
  Yahoo/Bloomberg
• Fed's Williams says 2% inflation target 'critical'
  Reuters
• Traders Spooked by Intervention Risk Trim Record Yen Shorts
  Yahoo/Bloomberg
• Houston braces for flooding to worsen in wake of storms
  AP
• Bird flu's wild range
  Axios
• Can the strong dollar be tamed?
  FT
• Panama Canal traffic recovers from drought caused by El Niño, study finds
  FT

Friday, May 3, 2024

General

• Stocks Climb as Bond Traders Reload Fed-Cut Wagers: Markets Wrap
  Yahoo/Bloomberg
• Treasuries Soar as Traders Pull Forward Fed Cuts After Jobs Miss
  Yahoo/Bloomberg
• Yen Volatility Threatens to Derail One of the Year’s Best Trades
  Yahoo/Bloomberg
• Oil Set for Biggest Weekly Drop Since February as War Risk Fades
  Yahoo/Bloomberg
• Asian Currencies Set for Best Week in Two Months on Intervention
  Yahoo/Bloomberg
• US Jobs Post Smallest Gain in Six Months as Unemployment Rises
  Yahoo/Bloomberg
• U.S. job growth totaled 175,000 in April, much less than expected
  CNBC
• US service sector contracts in April; price pressures reaccelerate
  Reuters
• Fed's Bowman supports current policy stance but still sees inflation risks
  Reuters
• US equity funds witness outflows for fifth week in a row
  Reuters
• India's foreign exchange reserves drop to seven-week low
  Reuters
• Houthis Threaten to Try to Attack Ships in Mediterranean Sea
  Yahoo/Bloomberg
• Carry Trades Wobble as Yen Swings Roil One of Year’s Best Bets
  Bloomberg
• Israel Gives Hamas a Week to Strike a Deal or Rafah Offensive Will Begin
  WSJ
• Eurozone Jobless Rate Remains at Record Low
  WSJ
• Japan used $59bn to prop up the yen. Consumers are still cutting back
  FT
• Who’ll buy all the Treasuries? You’ll buy all the Treasuries
  FT

Thursday, May 2, 2024

Evening

• Wall Street ends higher as Fed signals dovish bias; jobs report eyed
  Reuters
• Oil Swings as Traders Weigh Inventory Gain, Potential Cease-Fire
  Yahoo/Bloomberg
• US high yield spreads still tight despite pick-up in distress
  Reuters
• Market Hunts for Signs of Japan Yen Intervention in Fed Accounts
  Yahoo/Bloomberg
• Data Centers Now Need a Reactor’s Worth of Power, Dominion Says
  Yahoo/Bloomberg
• Hedge Funds Buying Protection With Defensive Stocks, Goldman Says
  Yahoo/Bloomberg
• The Fed Is Eyeing the Job Market, but It’s Difficult to Read
  NYT
• Putin Thanks North Korea for Its Missiles
  WSJ

General

• Stocks Gain as Rates Relief Sets In: Markets Wrap
  Yahoo/Bloomberg
• Yen weakens, paring sharp rise after suspected intervention
  Reuters
• Yen Bears Push Back on Japan’s Suspected Intervention Again
  Yahoo/Bloomberg
• Oil Rises After Dropping to Seven-Week Low on US Inventory Gain
  Yahoo/Bloomberg
• US weekly jobless claims unchanged; layoffs decline in April
  Reuters
• U.S. trade deficit clings to the highest level in almost a year
  Dow Jones
• Blackstone Taps Vast Source of Cash in $1 Trillion Credit Push
  Yahoo/Bloomberg
• Japan Tries to Maintain Mystery on Whether it Intervened on Yen
  Yahoo/Bloomberg
• Japan's May 1 intervention may have cost $23.6 bln, BOJ data shows
  Reuters
• Yen’s Sustained Weakness Frustrates Even Japanese Exporters
  Yahoo/Bloomberg
• World’s largest olive oil producer says the industry faces one of its toughest moments ever
  CNBC
• US Labor Costs Rise by Most in a Year as Productivity Cools
  Bloomberg
• What Will It Take for the Fed to Lower Rates?
  NYT
• Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver’s Seat
  WSJ
• The Treasurys Market Is Getting Squeezed From All Sides
  WSJ
• The Exodus of China’s Wealthy to Japan
  WSJ
• Jay Powell’s dilemma: the US economy is too strong to cut rates
  FT
• Bond market liquidity squeeze keeps regulators alert to risks
  FT
• Japan is haunted by a return to emerging-economy status
  FT

Wednesday, May 1, 2024

Evening

• Stock futures rise after Fed decides to hold rates steady: Live updates
  CNBC
• S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
  Reuters
• Yen’s Surge Stirs Talk That Japan Is in the FX Market Once Again
  Yahoo/Bloomberg
• Gold Gains as Fed’s Rate Comments Are Less Hawkish Than Feared
  Yahoo/Bloomberg
• Fed Flags Lack of Inflation Progress But Signals Hikes Unlikely
  Yahoo/Bloomberg
• Japan’s Kanda: Nothing to Say on Whether We Intervened on Yen
  Bloomberg
• Fed Holds Rates Steady, Noting Lack of Progress on Inflation
  NYT
• Fed Says Inflation Progress Has Stalled and Extends Wait-and-See Rate Stance
  WSJ
• Federal Reserve chair Jay Powell signals interest rates will remain higher for longer
  FT

Afternoon

• Nasdaq, S&P 500 fall as investors take cover before Fed decision
  Reuters
• Gold Advances as Traders Assess US Data Ahead of Fed Decision
  Yahoo/Bloomberg
• Oil Extends Slump Below $80 a Barrel After US Stockpiles Swell
  Yahoo/Bloomberg
• Bitcoin ETFs Flash Signs of Stress as Discounts Reach Records
  Yahoo/Bloomberg
• AMD Slides After AI Chip Forecast Misses Lofty Estimates
  Yahoo/Bloomberg
• Fed holds rate steady and moves to ease the pace of balance sheet reduction
  CNBC
• Here’s what changed in the new Fed statement
  CNBC
• US Factory Activity Shrinks With Price Gauge Highest Since 2022
  Yahoo/Bloomberg
• US manufacturing sector regresses in April; prices paid near two-year high
  Reuters
• US construction spending falls in March
  Reuters
• US Holds Quarterly Debt Sale Steady, Details Buybacks Start
  Yahoo/Bloomberg
• Bond Mutual Funds Rake in $108 Billion to Break Two-Year Exodus
  Yahoo/Bloomberg
• US bird flu outbreak spreads to chickens, cattle, raises concerns over human infections
  Reuters
• More Americans Consider China an Enemy, Pew Research Says
  Bloomberg

General

• Stocks Slide With Markets Bracing for Powell: Markets Wrap
  Yahoo/Bloomberg
• Dollar near five-month high ahead of Fed policy decision
  Reuters
• Oil Slumps Below $85 With US Inventories Seen Rising Before Fed
  Yahoo/Bloomberg
• Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision
  CNBC
• Traders Count Down to Fed With No Relief in Sight for Bonds
  Yahoo/Bloomberg
• Fed to Signal Delay of Interest-Rate Cuts
  Yahoo/Bloomberg
• Private payrolls increased by 192,000 in April, more than expected for resilient labor market
  CNBC
• Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
  CNBC
• US Treasury announces $125 bln refunding for May to July quarter
  Reuters
• Banks Rent Rivals’ Balance Sheets to Skirt Capital Rules
  Yahoo/Bloomberg
• Bank of America Sounds Warning on Options-ETF Boom as Day Traders Plunge In
  Yahoo/Bloomberg
• Ukraine launches drone attacks on several Russian regions, officials say
  Reuters
• Philippines says Chinese coast guard elevating tensions in South China Sea
  Reuters
• Taiwan on alert for post-inauguration Chinese drills
  Reuters
• What to Watch as the Fed Makes Its Interest Rate Decision
  NYT
• Microsoft to power data centres with big Brookfield renewables deal
  FT
• Why Xi Jinping is afraid to unleash China’s consumers
  FT

Tuesday, April 30, 2024

Evening

• S&P 500 futures fall as Wall Street braces for Fed rate decision: Live updates
  CNBC
• Wall Street Hit by Fed Jitters to Close Wild April: Markets Wrap
  Yahoo/Bloomberg
• Wall Street stocks fall as markets weigh strong wage data, Fed meeting
  Reuters
• Amazon results beat estimates, revenue forecast misses
  Reuters
• Yen’s Wild Swings Are Just a Taste of What’s to Come
  Yahoo/Bloomberg
• Traders Expect Biggest Fed-Day Move in S&P Since 2023, Citi Says
  Yahoo/Bloomberg
• Extreme Bond Market Shorts Gamble on a Hawkish Powell Pivot
  Yahoo/Bloomberg
• Boca Raton’s Most Expensive Home Sale Is a $40 Million Teardown
  WSJ
• China Has Crossed Biden’s Red Line on Ukraine
  WSJ

Afternoon

• S&P 500 Falls 1% at End of Worst Month in 2024: Markets Wrap
  Yahoo/Bloomberg
• US consumer confidence deteriorates in April
  Reuters
• Wall Street’s ‘Macro Agnostic’ Tech Trade Shatters ETF Records
  Yahoo/Bloomberg
• Live Updates: Pro-Palestinian protests disrupt colleges across the US
  CNN
• Fed to Signal It Has Stomach to Keep Rates High for Longer
  WSJ

General

• Stocks Fall After Pay Data Fuel Hawkish Fed Wagers: Markets Wrap
  Yahoo/Bloomberg
• Oil Recovers Near $83 With Focus on Middle East Cease-Fire
  Yahoo/Bloomberg
• US labor costs increase more than expected in first quarter
  Reuters
• Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
  CNBC
• US Consumer Confidence Retreats in April
  PRNW
• Fed's balance sheet plans could take center stage this week
  Reuters
• Quagmire anyone? Fed watchers try to divine a confusing state of play
  Reuters
• Inflation hasn't lost its grip on bond markets yet
  Reuters
• Treasury Yields to Stay Elevated on Supply Deluge, Barclays Says
  Yahoo/Bloomberg
• Young Americans’ wealth grew by nearly 50% over the last 4 years—it’s not just from buying homes
  CNBC
• Japan's top FX diplomat says ready to deal with yen around the clock
  Reuters
• BOJ Accounts Suggest Japan Intervened Monday to Support Yen
  Yahoo/Bloomberg
• Five charts on the Japanese yen's decades-long drop
  Reuters
• Houthis attack four ships in Indian Ocean, Red Sea
  Reuters
• Israel will enter Rafah with or without Gaza hostage deal, Netanyahu says
  Reuters
• Residents of northern Israel brace for possible all-out war with Hezbollah
  Reuters
• China to step up support for economy, flexibly use policy tools, Politburo says
  Reuters
• China’s Leaders Hint at New Plan to Fix Biggest Drag on Economy
  Yahoo/Bloomberg
• China's factory, services activity growth slows in April
  Reuters
• China May Be Preparing To Deploy Economic 'Nuclear Option'
  Newsweek
• China's coast guard expels Philippine vessels from Scarborough Shoal, state media says
  Reuters
• Why AI Is So Expensive
  Bloomberg
• TikTok, Tesla Show US-China Battle Over Data Is Just Beginning
  Bloomberg
• High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
  NYT
• Office-Loan Defaults Near Historic Levels With Billions on the Line
  WSJ
• BOJ Data Suggest Yen-Buying Intervention of Tens of Billions of Dollars
  WSJ
• Japan Govt to Respond Firmly to Excessive FX Movements, Top Currency Official Says
  WSJ
• China Hints at Rate Cuts, Property-Market Support as It Warns of Rising Uncertainties
  WSJ

Monday, April 29, 2024

Evening

• Wall St notches gain; yen surges, intervention suspected
  Reuters
• Oil Drops as Progress on Cease-Fire in Gaza Shrinks Risk Premium
  Yahoo/Bloomberg
• Yen Traders See Uphill Battle for Japan to Halt Currency’s Slide
  Yahoo/Bloomberg
• US Treasury to borrow $243 billion in Q2, higher than January forecast
  Reuters
• Japan’s Debt Dilemma May Doom Any FX Intervention, Brooks Says
  Yahoo/Bloomberg
• Xi Is on a Mission to Drive a Wedge Between Europe and the US
  Yahoo/Bloomberg
• China’s US Treasury Holdings Becoming ‘Hostages,’ Academic Warns
  Yahoo/Bloomberg
• China Central Bank Wants to Halt Bond-Buying Spree, Not Join It
  Bloomberg
• Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
  NYT
• A Strong U.S. Dollar Weighs on the World
  NYT

Afternoon

• Wall St edges up as Tesla and Apple gain; Fed decision awaited
  Reuters
• Oil Drops as Progress on Ceasefire in Gaza Shrinks Risk Premium
  Yahoo/Bloomberg
• Yen Sparks Intervention Suspicion After U-Turn From 1990 Lows
  Yahoo/Bloomberg
• Gold Fluctuates as Investors Turn Focus to Fed Meeting, US Data
  Yahoo/Bloomberg
• Hedge Funds Step Up Purchases of Tech Stocks, Goldman Sachs Says
  Yahoo/Bloomberg
• Japan Intervenes After Yen Slides Against the Dollar
  WSJ
• How Big Data Centers Are Slowing the Shift to Clean Energy
  WSJ

General

• Earnings Keep Stocks Aloft at Start of Fed Week: Markets Wrap
  Yahoo/Bloomberg
• Yen Rebounds Strongly After First Slide Past 160 Since 1990
  Yahoo/Bloomberg
• Oil Dips as US Steps Up Efforts to Secure a Truce in Gaza
  Yahoo/Bloomberg
• Sign of intervention? Japan's yen jumps against dollar
  Reuters
• Yuan Devaluation Debate Surfaces as Traders Weigh Next FX Shock
  Yahoo/Bloomberg
• Fed Rate Doubts Have Options Traders Covering Both Hikes and Cuts
  Yahoo/Bloomberg
• Fed in holding pattern as inflation delays approach to soft landing
  Reuters
• A Fed meeting, jobs report, and more Big Tech earnings: What to know this week
  Yahoo Finance
• US Creates Team to Counter China’s Trade ‘Coercion’ Tactics
  Yahoo/Bloomberg
• Reverse Carry Trade Sees Dollar Bets Funded by EM Currencies
  Yahoo/Bloomberg
• Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
  AP
• Five charts on the Japanese yen's decades-long drop
  Reuters
• Japan’s Oldest VC Firm Eyes 200% Gain as Unicorns Proliferate
  Yahoo/Bloomberg
• China hints at retaliation after Biden signs Taiwan, TikTok legislation
  Reuters
• Red Sea Diversions Spew Carbon Emissions Equal to 9 Million Cars
  Yahoo/Bloomberg
• Exclusive: China firms go 'underground' on Russia payments as banks pull back
  Reuters
• A.I. Start-Ups Face a Rough Financial Reality Check
  NYT
• The crippling home insurance crisis hitting America
  FT
• Jane Street is big. Like, really, really big
  FT
• How long can Japan remain a haven from China?
  FT
• How Europe solved its Russian gas problem
  FT
• Eleven countries to breach EU deficit rules
  FT

Sunday, April 28, 2024

Evening

• Stock futures are little changed following S&P 500′s best week since November: Live updates
  CNBC
• Morning Bid: Helter-skelter yen, US tech tonic
  Reuters
• Five Key Charts to Watch in Global Commodity Markets This Week
  Yahoo/Bloomberg
• UCLA skirmish highlights weekend of protests on US campuses
  Reuters
• US executive pay jumps 9 per cent, widening transatlantic gap
  FT

General

• Powell Is Poised to Keep Fed on Higher-for-Longer Path
  Yahoo/Bloomberg
• A Fed meeting, jobs report, and more Big Tech earnings: What to know this week
  Yahoo Finance
• Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data
  Yahoo/Bloomberg
• Soaring Treasury Yields Challenge Stock-Market Gains
  Yahoo/WSJ
• Russia threatens West with severe response if its assets are touched
  Reuters
• China confronts Japanese politicians in disputed East China Sea area
  Reuters
• Southeast Asia Heat Wave Shuts Schools, Stokes Power Demand
  Yahoo/Bloomberg
• Vanke Slams Moody’s Downgrade, Citing Shareholder Support
  Bloomberg
• In Race to Build A.I., Tech Plans a Big Plumbing Upgrade
  NYT
• Even If the Fed Cuts, the Days of Ultralow Rates Are Over
  WSJ
• California Fast-Food Chains Are Now Serving Sticker Shock
  WSJ
• Why China Keeps Making More Cars Than It Needs
  WSJ
• Iran’s Attack on Israel Has Deepened Concerns About Its Nuclear Program
  WSJ
• Banks pay savers more as ‘higher-for-longer’ rates hit interest income
  FT
• US Pacific commander says China is pursuing ‘boiling frog’ strategy
  FT
• Chinese regulators warn against Silicon Valley Bank-style meltdown
  FT