Daily News Links

8496 posts

Sunday, December 10, 2023

General

• Fed Starts to Confront the Next Big Question: Why to Cut Rates
  Yahoo/Bloomberg
• Global Rate-Cut Standoff Looms in 2023 Policy Finale
  Yahoo/Bloomberg
• Milei Is Sworn In as Argentina Braces for His Shock Therapy
  Yahoo/Bloomberg
• The Adrenaline-Fueled Trades Sweeping the Market
  WSJ
• Why Treasury Auctions Have Wall Street on Edge
  WSJ
• Renters Are Starting to Get Concessions From Landlords Again
  WSJ
• Jay Powell under pressure to set out plan for US interest rate cuts
  FT
• Israel warns it can ‘no longer accept’ Hizbollah on its border
  FT

Saturday, December 9, 2023

General

• Wall St Week Ahead Year-end rally in US stocks faces twin tests as Fed, inflation data loom
  Reuters
• Decisive moment arrives with $4 trillion stocks rally at stake
  Yahoo/Bloomberg
• Charting the Global Economy: US Labor Market Picks Up Steam
  Yahoo/Bloomberg
• Household wealth grew 30% between 2019 and 2021—here’s who gained the most
  CNBC
• China's consumer prices fall fastest in 3 years, factory-gate deflation deepens
  Reuters
• Philippines condemns China's actions in South China Sea against fishing vessels
  Reuters
• Inside OpenAI’s Crisis Over the Future of Artificial Intelligence
  NYT
• China’s deflation worsens as economic pressures mount
  FT
• Javier Milei faces briefest of honeymoons as he assumes Argentine presidency
  FT

Friday, December 8, 2023

Evening

• S&P 500 and Nasdaq notch highest closes since early 2022
  Reuters
• Fed Rate-Cut Exuberance Ebbs After Jobs Data, Boosting US Yields
  Yahoo/Bloomberg
• Praying for 'soft landing' of $1 trillion basis trade
  Reuters
• Summers Urges Fed to Wait for ‘Overwhelming’ Data Before Cutting Rates
  Yahoo/Bloomberg
• Bond Buyers Unfazed by California’s Alarming $68 Billion Deficit
  Yahoo/Bloomberg
• Hedge Funds Held Big Bet Against Yen in Days Before Its Surge
  Yahoo/Bloomberg
• Global pre-Christmas trade at risk from twin canal crises
  FT
• The west wavers on Ukraine
  FT

General

• Bond Yields Jump as Fed-Pivot Bets Look ‘Overdone’: Markets Wrap
  Yahoo/Bloomberg
• China Stocks Test Critical Support Levels as Selloff Extends
  Yahoo/Bloomberg
• Oil Bounce Fails to Erase Longest Run of Weekly Drops Since 2018
  Yahoo/Bloomberg
• U.S. payrolls rose 199,000 in November, unemployment rate falls to 3.7%
  CNBC
• Here’s what the market will be looking for in Friday’s key jobs report
  CNBC
• US market rally boosts hedge fund performance, hits macro strategies in November
  Reuters
• US equity funds see outflows as investors eye economic data
  Reuters
• New US ETF launches set annual record
  Reuters
• Japan’s Deepest Contraction Since Pandemic Clouds Path for BOJ
  Yahoo/Bloomberg
• Japan's Q3 GDP falls faster than first estimates as consumption sags
  Reuters
• Country Garden Local Bond Test Looms as Regulator Meets Holders
  Yahoo/Bloomberg
• China to Step Up Fiscal Support to Strengthen Economic Recovery
  Yahoo/Bloomberg
• Chinese fighters, balloon cross Taiwan Strait a month before election
  Reuters
• US Consumer Sentiment Jumps as Inflation Concerns Dissipate
  Bloomberg
• Distressed Debt Firm SC Lowy Finds China Credit ‘Uninvestable’
  Bloomberg
• Double Trouble: Investors Fight the Fed on Two Fronts
  WSJ
• Law Firms Escalate Talent War Even in Slower Economy
  WSJ
• Central bankers are worried about you getting a raise
  FT
• Xi Jinping warns China’s economic recovery at ‘critical stage’
  FT
• Shrinking economy in Japan casts doubt on BoJ rate raise bets
  FT

Thursday, December 7, 2023

Evening

• Japanese Shares Eye Early Slump After Yen Surge: Markets Wrap
  Yahoo/Bloomberg
• Nasdaq ends sharply higher as Alphabet and AMD fuel AI surge
  Reuters
• Yen Strengthens by Most in Nearly a Year on Bets That End of Negative Rates Is Near
  Yahoo/Bloomberg
• Oil Extends Losing Streak as Failed Rally Hardens Bearish Mood
  Yahoo/Bloomberg
• Biden aide says Iran helps plan, execute attacks by Yemen's Houthis
  Reuters
• US mortgage rates fall to nearly 4-month low - Freddie Mac
  Reuters
• California faces record $68 billion budget deficit, nonpartisan legislative analyst says
  AP
• Coffee trader Mercon runs out of credit, files for bankruptcy
  Reuters
• South American countries urge peaceful solution to Venezuela, Guyana tensions
  Reuters
• The Federal Reserve Has an $8 Trillion Secret
  WSJ
• The Yen of a Bad Era
  WSJ
• Only rates markets are pricing in recession
  FT

General

• Stocks and Bonds Churn as BOJ Rattles Traders: Markets Wrap
  Yahoo/Bloomberg
• Global Bond Rally Stalls as BOJ Hike Bets Meets US Jobs Caution
  Yahoo/Bloomberg
• Traders Pile Into Bets That End of Negative BOJ Rate Is Near
  Yahoo/Bloomberg
• Oil Mounts Modest Rebound After Plunging to Five-Month Low
  Yahoo/Bloomberg
• U.S. layoffs jumped in November led by retail and tech, report shows
  Reuters
• Jobless claims inch up to 220,000, layoffs still low
  Dow Jones
• BOJ’s Ueda Talks Through Monetary Policy Stance With Kishida
  Yahoo/Bloomberg
• BOJ's Ueda flags options on policy target upon ending negative rates
  Reuters
• China's exports grow for first time in 6 months, imports unexpectedly shrink
  Reuters
• China's Xi warns top EU officials not to engage in 'confrontation'
  Reuters
• China-Russia trade hits $218 bln in Jan-Nov, completing goal planned to reach in 2024
  Reuters
• Moody’s Asked Staff to Stay Home Ahead of China Cut, FT Says
  Yahoo/Bloomberg
• ECB’s Lagarde Squeezed as Markets Boost 2024 Rate-Cut Bets
  Yahoo/Bloomberg
• Euro-Zone Risks Recession as German Economy Falters
  Yahoo/Bloomberg
• Who are the Houthis and why hasn’t the US retaliated for their attacks on ships in the Middle East?
  AP
• Options Trading Is Rigged Against Average Investors
  Bloomberg
• From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money
  NYT
• The Most Important Debate on Wall Street: Is Inflation Licked?
  WSJ
• Wall Street Puts a ‘Sell’ on Its China Holdings
  WSJ
• Moody’s Faces Growing Backlash Over Its Negative Outlook on China
  WSJ
• Companies rush to take advantage of sharp drop in borrowing costs
  FT
• Commercial property confronts the ‘comedown’ from easy money
  FT
• Oil market caught by surprise as US output surges
  FT
• This is a moment of renewed danger for the Middle East
  FT
• El-Erian: The peculiar market divide on the rate outlook
  FT
• China deepens ties with Saudi Arabia at Hong Kong gathering
  FT
• Can Jews and Arabs still coexist peacefully within Israel?
  FT

Wednesday, December 6, 2023

Evening

• Global Bonds Power Ahead as Dovish Bets Take Hold: Markets Wrap
  Yahoo/Bloomberg
• Fed’s Repo Backstop Gets Most Use Since 2020
  Yahoo/Bloomberg
• Oil Plummets to June Lows as Algorithms Exacerbate Dour Outlook
  Yahoo/Bloomberg
• Beaten-Down Stocks Get Some Revenge After Big Tech’s 2023 Rally
  Yahoo/Bloomberg
• UN chief rings alarm bell on global security threat from Gaza war
  Reuters
• ECB May Consider Rate Cuts in 2024, Not Now, Villeroy Says
  Yahoo/Bloomberg
• Guyana is preparing to defend borders as Venezuela tries to claim oil-rich disputed region, president says
  CBS

Afternoon

• S&P 500 Trims ADP-Fueled Gains as Oil Tumbles: Markets Wrap
  Yahoo/Bloomberg
• Oil drops to 5-month low on concerns of oversupply, weak demand
  Yahoo Finance
• Third-quarter US unit labor costs revised down; private payrolls miss expectations
  Reuters
• Big bank CEOs warn that new regulations could harm the economy
  AP
• Bank of Canada holds rates, still worried about inflation
  Reuters
• Russia's Putin meets Saudi crown prince in whirlwind Gulf visit
  Reuters
• Italy tells China it is leaving Belt and Road Initiative
  Reuters
• China starts up world's first fourth-generation nuclear reactor
  Reuters
• How Is China’s Economy Doing? Not Nearly as Well as China Says It Is
  WSJ
• Venezuela orders oil drilling in Guyana-run territory
  FT

General

• Stocks Keep Rate-Cut Faith as Bond Rally Falters: Markets Wrap
  Yahoo/Bloomberg
• Oil drops as markets mull OPEC+ cuts' efficacy, China demand concerns
  Reuters
• PBOC Steps Up Yuan Support Via Fixing After Moody’s Outlook Cut
  Yahoo/Bloomberg
• Private payrolls increased by 103,000 in November, below expectations, ADP says
  CNBC
• US Mortgage Rate Drops to Four-Month Low, Boosting Refinancing
  Yahoo/Bloomberg
• BOE Sees More Risk From Hedge Funds’ Treasuries Basis Trade
  Yahoo/Bloomberg
• US regulators clamp down in bid to prevent more bank failures
  Reuters
• Saudi Arabia urges US restraint as Houthis attack ships in Red Sea
  Reuters
• Japanese Buyers Snap Up New York, London Buildings in Spending Spree
  Yahoo/Bloomberg
• China Seeks to Contain Fallout From Moody’s Bearish Outlook
  Yahoo/Bloomberg
• Young Chinese spurn traditional investments in favour of gold
  Reuters
• BOJ’s Deputy Chief Hints That End of Negative Rate May Be Closer
  Yahoo/Bloomberg
• BOJ must carefully time, design exit from low rates - deputy gov Himino
  Reuters
• Japan manufacturers' mood jumps, second straight month of gains - Reuters Tankan
  Reuters
• Moody's changes Hong Kong's outlook to negative from stable
  Reuters
• Traders Turbocharge ECB Bets by Predicting 2.5% Rate in 2024
  Yahoo/Bloomberg
• Venezuela's Maduro to push oil exploration in disputed territory
  Reuters
• Putin, flanked by Russian fighters, jets into Middle East to talk oil
  Reuters
• 2023 will officially be the hottest year on record, scientists report
  CNN
• Moody’s Cuts China Banks Outlook After Sovereign Downgrade
  Bloomberg
• ECB’s Kazimir Says First-Quarter Rate Cut Is ‘Science Fiction’
  Bloomberg
• Bitcoin Mining Used More Water Than New York City Last Year
  WSJ
• The Bank of England is still v v worried about Treasury basis trades
  FT
• Bank of England warns on risks in private credit and leveraged lending
  FT
• Economists see Fed keeping rates at 22-year high until at least July
  FT
• Investors bet on rapid ECB rate cuts as economic outlook darkens
  FT

Evening

• Asia Stocks to Gain, Treasuries Rally on US Jobs: Markets Wrap
  Yahoo/Bloomberg
• Treasury Frenzy Drives 10-Year Yield Below 4.2%: Markets Wrap
  Yahoo/Bloomberg
• Humanity Is on the Verge of 5 Climate ‘Tipping Points,’ Report Warns
  Bloomberg
• Xi Jinping Is Asserting Tighter Control of Finance in China
  NYT
• China Evergrande’s Crash Was Accelerated by Questionable Accounting
  NYT
• Against the odds, China’s push to internationalise its currency is making gains
  FT

Tuesday, December 5, 2023

Afternoon

• Trading mixed after job openings hint at cooling economy
  Reuters
• Bonds Up as Slackening Jobs Fuel Fed-Pivot Views: Markets Wrap
  Yahoo/Bloomberg
• US Services Sector Gauge Picks Up on Improved Business Activity
  Yahoo/Bloomberg
• US job openings hit more than 2-1/2-year low as labor market cools
  Reuters
• Markets outpacing the Fed may be in for a Christmas season scolding
  Reuters
• ‘No Bears Left’ Is Worrying Refrain Coming From Wall Street
  Yahoo/Bloomberg

General

• Stocks Slip as Doubt Swirls Over Soft-Landing Bets: Markets Wrap
  Yahoo/Bloomberg
• Repo-Market Spikes Conjure Memories of September 2019 US Funding Turmoil
  Yahoo/Bloomberg
• China Stock Slump Deepens as Traders Fret Over Economy’s Health
  Yahoo/Bloomberg
• El-Erian Says Fed Risks Losing Control of Messaging on US Rates
  Yahoo/Bloomberg
• Life insurers binge on US financing aimed at helping housing
  Reuters
• Mathematics, reading skills in unprecedented decline in teenagers
  Reuters
• Moody's cuts China credit outlook, citing lower growth, property risks
  Reuters
• China's Nov services activity accelerates on boost from new orders - Caixin PMI
  Reuters
• Emerging Market Stocks Leave China Lagging the Most in 25 Years
  Yahoo/Bloomberg
• Tokyo Inflation Slows, Supporting BOJ’s View on Cooling Prices
  Yahoo/Bloomberg
• Australia's central bank holds rates steady until at least February
  Reuters
• Fall in euro zone business activity adds to recession expectations
  Reuters
• Schnabel ECB Rate U-Turn Prompts Market Bets on Earlier Cut
  Yahoo/Bloomberg
• Exclusive: ECB hawk Schnabel takes rate hike off table after 'remarkable' inflation drop
  Reuters
• Stock-hungry volatility funds, ‘gamma-heavy' options dealers could buoy US equities
  Reuters
• How Long Can the ‘Magnificent Seven’ Stocks Hold the Line?
  WSJ
• China’s Colossal Hidden-Debt Problem Is Coming to a Head
  WSJ
• More US holiday shoppers turn to ‘buy now, pay later’ loans
  FT
• Moody’s cuts China’s credit outlook to negative
  FT
• Vladimir Putin to visit UAE and Saudi Arabia this week
  FT

Monday, December 4, 2023

Evening

• Wall Street ends down as megacaps give back gains
  Reuters
• Homebuyers are 'losing patience,' no longer on the sidelines: survey
  Yahoo Finance
• Panama Canal Jam Sends Ships Sailing Continents Out of Way
  Yahoo/Bloomberg
• Hungary's Orban demands EU skip decision on Ukraine membership talks
  Reuters

Afternoon

• Wall St rally loses steam as data-heavy week looms, yields rise
  Reuters
• Slowest Housing Market in Years Is Weighing on Consumer Spending
  Yahoo/Bloomberg
• JPMorgan Says Stocks Are Imperiled as a Slowdown Is Set to Hit Earnings
  Yahoo/Bloomberg
• Tech firms, Wall Street lead job cuts in Corporate America
  Reuters
• US factory orders fall 3.6% in October
  Reuters
• For Labor Unions, 2023 Was the Year of the Strike—and Big Victories
  WSJ
• Sorry, how many rate cuts did you say are priced for next year?
  FT
• China’s accelerating rise in consumer defaults
  FT

General

• Bonds, Stocks in Retreat as Rate Realism Seeps In: Markets Wrap
  Yahoo/Bloomberg
• Oil falls on demand fears and doubts over OPEC+ cuts
  Reuters
• This Week: Job openings, consumer borrowing, nonfarm payrolls
  AP
• Fed, with rates at a peak, now looks at a hold and an eventual pivot lower
  Reuters
• Central banks 'not out of the woods' in inflation battle - BIS
  Reuters
• Margin Calls From Clearinghouses Seen Stoking Future Crises
  Yahoo/Bloomberg
• Israel orders evacuations as it widens offensive but Palestinians are running out of places to go
  AP
• US Warns Iran-Backed Houthis After Red Sea Shipping Attacks
  Yahoo/Bloomberg
• Israel, Threatened by Hezbollah, Seeks Solution for Empty North
  Yahoo/Bloomberg
• Evergrande liquidation hearing pushed to Jan, focus on new debt revamp plan
  Reuters
• PBOC Chief Pledges to Keep Growth of Money Supply in Check
  Yahoo/Bloomberg
• Analyst Who Called Chinese Bank Turmoil Says Trusts Are Next
  Yahoo/Bloomberg
• Global hedge funds further offloaded Chinese stocks in Nov
  Reuters
• Think of what happened to Hong Kong when you vote, Taiwan president says
  Reuters
• Authers: 'Everything Rally' Brings out the Mealy-Mouth in Powell
  Bloomberg
• Bond Market Euphoria Shifts to Debate Over How Low Fed Will Need to Go
  Bloomberg
• Ego, Fear and Money: How the A.I. Fuse Was Lit
  NYT
• Pressure Is Building in China’s Financial Plumbing
  WSJ
• China Evergrande Avoids a Debt Disaster—for Now
  WSJ
• US deficits are testing investor patience
  FT
• America and a crumbling global order
  FT

Evening

• Spot Gold Rises to Record on Dovish Fed Remarks
  Yahoo/Bloomberg
• Asian Stocks to Rise After US Shrugs Off Powell: Markets Wrap
  Yahoo/Bloomberg
• Oil Gains With US Interest Rates and Venezuelan Supply in Focus
  Yahoo/Bloomberg
• Multiple commercial vessels attacked in Red Sea
  Reuters
• Israel says ground forces operating across Gaza Strip as offensive builds
  Reuters
• Suspected U.S. strike in Iraq kills five militia members, sources say
  Reuters
• Turbulence From BOJ Policy Bets Shakes Up Japan Credit Market
  Yahoo/Bloomberg
• China's military: US combat ship 'illegally' entered territorial waters
  Reuters
• US warship and commercial vessels attacked in Red Sea, says Pentagon
  FT