Daily News Links

8605 posts

Saturday, August 29, 2020

General

• White House suggests $1.3 trillion coronavirus aid bill; Pelosi says not enough
  Reuters
• Turkey to hold military exercise off Cyprus amid Mediterranean tensions
  Reuters
• Xi says China to step up efforts to fight 'splittism' in Tibet
  Reuters
• China’s Missile Volley Sparked by Cold-War-Throwback Spy Plane
  Bloomberg
• New Covid-19 Layoffs Make Job Reductions Permanent
  WSJ
• The Fed’s new framework still leaves investors guessing
  FT
• Central bankers grapple with changed landscape at Jackson Hole
  FT

Friday, August 28, 2020

General

• Stocks rise to end the week as Dow tries to erase losses for 2020
  CNBC
• Yen surges as Japan's Abe quits, stocks mixed after Fed shift
  Reuters
• Gold Rebounds on Weaker Dollar as Investors Weigh Fed’s Approach
  Yahoo/Bloomberg
• Dollar buoyed by yields surge jump after Fed's inflation shift
  Reuters
• U.S. consumer spending beats expectations in July
  Reuters
• Powell's white-collar world led to Fed pivot for blue-collar jobs
  Reuters
• Levitating stocks unlikely to help Fed's economic equality efforts
  Reuters
• Fed's Kaplan says central bank needs to be conscious of financial stability risks
  Reuters
• Banks eye layoffs as short-term crisis ends, long-term costs emerge
  Reuters
• Democrats and White House are at a ‘tragic impasse’ on coronavirus stimulus after Pelosi-Meadows call
  CNBC
• Japan PM Shinzo Abe says he’s resigning for health reasons
  AP
• What's next after Japan PM Abe quits? Potential successors?
  Reuters
• Options bets that the stock market will continue to soar have exploded to dot-com bubble levels
  MarketWatch
• Brazil central bank to transfer 325 bln reais to Treasury to ease debt, liquidity strains
  Reuters
• Volatility Markets Brace for Election Drama Like Never Before
  Bloomberg
• After Unrest, Small Businesses Wrestle With Plywood Storefronts
  WSJ
• The Coronavirus Pandemic Is Making College Students Question the Price of Their Education
  WSJ
• Dollar slides as bond market signals rising inflation angst
  FT
• Fed inflation shift raises questions about past rate rises
  FT

Thursday, August 27, 2020

Evening

• Bonds Slide After Powell; Asia Stock Futures Mixed: Markets Wrap
  Yahoo/Bloomberg
• Stock futures flat in overnight trading after Dow briefly erases 2020 losses
  CNBC
• S&P, Dow close higher on new Fed inflation stance, COVID test hopes
  Reuters
• As virus rages, US economy struggles to sustain a recovery
  AP
• U.S. stock funds see outflows during week of records: Lipper
  Reuters
• China’s Economic Rebound Picks Up Speed on Car and Home Sales
  Yahoo/Bloomberg
• Fed Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates
  WSJ
• Fed’s Easy Money Pumps Up Winners Like Apple and Housing
  WSJ
• Yield curve steepens after Fed policy shift
  FT

Afternoon

• S&P 500 gives up earlier gains, falls into the red led by Apple and Amazon
  CNBC
• Treasury yields climb after Fed aims for average inflation of 2%
  MarketWatch
• German 10-year yields rise to highest since July after Powell speech
  Reuters
• In landmark shift, Fed adopts average inflation target, elevates jobs focus
  Reuters
• Hurricane Laura leaves path of destruction before becoming a tropical storm
  CBS
• For U.S. reopening, labor market wound is healing slowly
  Reuters
• Coronavirus live updates: Senators press labs over test delays; WHO says schools aren’t main contributor to spread
  CNBC
• Turkey says it will hold military drills in eastern Mediterranean
  Reuters
• Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates
  WSJ
• Fed to tolerate higher inflation in policy shift
  FT

General

• Dow rises by 200 points as Fed announces new inflation approach that could keep rates low
  CNBC
• Rouble slides again as Putin says Belarus asked for help
  Reuters
• Powell announces new Fed approach to inflation that could keep rates lower for longer
  CNBC
• Fed to target 2% average inflation, elevates focus on jobs
  Reuters
• U.S. weekly jobless claims total 1 million, as expected
  CNBC
• Hurricane Laura batters southwest Louisiana, weakens to Category 2 after 'catastrophic' landfall
  CNBC
• China Cash Shortages Push Up Funding Costs, Pressuring Bonds
  Yahoo/Bloomberg
• China's industrial profits grow at fastest pace since mid-2018
  Reuters
• Running on empty? Emerging markets burn through reserves fighting virus
  Reuters
• Euro zone corporate lending hovers near 11-year high
  Reuters
• Taiwan warns of accidental conflict as regional tensions rise
  Reuters
• A Warning Flashes for Record U.S. Stock Rally
  Bloomberg
• China’s Missiles Warn U.S. Aircraft Carriers to Stay Away
  Bloomberg
• Turkey Braces for Yet Another Currency Crisis
  NYT
• Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates
  WSJ
• Is this the end for America’s mom-and-pop stores?
  FT
• Chinese military drill ratchets up tension with Washington
  FT
• Russia ready to deploy police in Belarus if situation worsens
  FT
• Brazil’s and Mexico’s presidents are both ‘wrecking balls’
  FT
• Brazil’s spending cap debate unnerves investors
  FT

Wednesday, August 26, 2020

Evening

• Wall Street closes higher as momentum stocks push S&P 500, Nasdaq to new highs
  Reuters
• Gold and silver futures finish at highest in a week
  MarketWatch
• Laura upgraded to Category 4 hurricane, ‘unsurvivable’ storm surge forecast for Texas-Louisiana
  CNBC
• Republicans set to propose smaller coronavirus stimulus bill: CNBC
  Reuters
• Coronavirus live updates: CDC proposes guidelines for distributing vaccine in the U.S.; WHO on the possibility of reinfection
  CNBC
• California reports 50 new wildfires overnight and 1.3 million acres burned so far, Gov. Newsom says
  CNBC
• Mexico slumps to 'Great Depression' economic lows, central bank slashes forecast
  Reuters
• Heart of America’s Petrochemical Boom Braces for ‘Night of Hell’
  Bloomberg
• U.S. Commercial-Property Prices Fall With Worst Yet to Come
  Bloomberg
• Investors await next move from central banks
  FT
• Erdogan warns Turkey will ‘never make concessions’ in eastern Mediterranean
  FT

Afternoon

• Technology stocks power S&P 500, Nasdaq to new highs
  Reuters
• U.S. targets Chinese individuals, firms amid South China Sea dispute
  Reuters
• Hurricane Laura Strengthens Into a Category 4; Catastrophic Strike Ahead Near Louisiana and Texas Border
  Weather.com
• Stronger Hurricane Laura aims at heart of U.S. oil refining industry
  Reuters
• U.S. marks 100 years since women given right to vote
  Reuters
• Chinese military fires ‘aircraft-carrier killer’ missile into South China Sea in ‘warning to the United States’
  SCMP
• U.S. troops injured in interaction with Russian forces in Syria, U.S. officials say
  Reuters
• Laura Threatens U.S. Gulf Coast With ‘Unsurvivable’ Storm Surge
  Bloomberg
• Investors Hoard Gold, Bitcoin and Whisky to Soothe Inflation Fear
  Bloomberg
• Mission Creep at the Fed
  WSJ

General

• Stocks Fluctuate Near Record Highs; Dollar Gains: Markets Wrap
  Yahoo/Bloomberg
• U.S. core capital goods orders slow in July from prior month, while durable goods orders surge 11.2%
  CNBC
• Framework review complete, Fed's Powell starts hard sell for higher inflation
  Reuters
• Fed’s Top Inflation Hawk Isn’t Opposed to Overshooting 2% Goal
  Yahoo/Bloomberg
• Fed Seen Holding Rates at Zero for Five-Years Plus in New Policy
  Yahoo/Bloomberg
• Coronavirus live updates: Virus concerns fall in swing states; University of Iowa president blames businesses for outbreak
  CNBC
• China central bank injects $29 billion via reverse repos
  Reuters
• Mexico's economy contracts by historic 17.1% in second quarter
  Reuters
• Lebanon Inflation Soars Past 100% in Latest Sign of Meltdown
  Yahoo/Bloomberg
• Boom or bust? Welcome to the freewheeling world of crypto lending
  Reuters
• China protests U.S. spy plane watching drills
  Reuters
• 'Polishing the gun': China, U.S. tensions raise Taiwan conflict fears
  Reuters
• Economic Rebound in Emerging Market Is Stalling and Even Falling
  Bloomberg
• U.S. Sanctions Chinese Firms and Executives Active in Contested South China Sea
  WSJ
• Fundamentals matter again for emerging market investors
  FT
• Central bankers face virus hit to global economy at crisis forum
  FT
• Volatile markets upend volatility hedge funds
  FT

Tuesday, August 25, 2020

Evening

• Stock futures flat after S&P notches another record
  CNBC
• Coronavirus live updates: 30 states approved for extra unemployment money; American Airlines plans major cuts
  CNBC
• California faces huge fires before usual peak of season
  AP
• Commercial Mortgage Debt in Distress Surges 320%, Moody’s Says
  Bloomberg
• Xi Jinping sets stage to resurrect ‘chairman’ title created by Mao
  FT

Afternoon

• S&P 500, Nasdaq close at record highs on trade, vaccine developments
  Reuters
• Treasuries - Yield curve steeper on trade deal reassurance
  Reuters
• US consumer confidence falls in August to lowest in 6 years
  AP
• Here’s why new cases of the coronavirus are down across most of the U.S.
  CNBC
• U.S. bank profits down 70% from year prior on coronavirus uncertainty
  Reuters
• Hundreds of thousands of people looking for suburban homes — Sternlicht on exodus from cities
  CNBC
• Hurricane Laura Threatens Gulf With Up to $12 Billion in Damage
  Bloomberg
• Global Trade Rebounds 7.6% in June After Lockdown Slump
  Bloomberg

General

• U.S. Stocks Climb on Trade Optimism: Markets Wrap
  Yahoo/Bloomberg
• Asian stocks mostly higher as trade, virus treatment hopes lift mood
  Reuters
• U.S. new home sales beat expectations in July
  Reuters
• Home prices show signs of recovery, rising 4.3% in June, according to Case-Shiller index
  CNBC
• As uncertainty threatens U.S. growth, Fed seeks more firepower
  Reuters
• China agrees with U.S. to push forward implementation of Phase 1 trade deal
  Reuters
• Coronavirus live updates: Fauci warns that rushing a vaccine could disrupt trials
  CNBC
• The Great Inflation Debate Is Heating Up With Trillions at Stake
  Yahoo/Bloomberg
• Bonds No Longer Work to Diversify Stock Risk, Credit Suisse Says
  Yahoo/Bloomberg
• Losses from China Overseas Takeover Binge Are Piling Up Fast
  Yahoo/Bloomberg
• Turkey, Greece to hold rival naval drills as Germany aims to cool row
  Reuters
• California Wildfires Grow as Responders Brace for More Blazes
  WSJ
• The risk of China-US military conflict is worryingly high
  FT
• ECB support wipes out stress over bank funding
  FT
• Shenzhen: where property speculation is ‘more lucrative than dealing drugs’
  FT

Monday, August 24, 2020

Evening

• S&P, Nasdaq close at new highs as Wall Street rides bull momentum
  Reuters
• Global stocks advance on coronavirus treatment hopes, dollar gains
  Reuters
• Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation
  CNBC
• Top U.S., Chinese official optimistic on Phase 1 trade deal after phone call: USTR
  Reuters
• Global companies raise most funds for the month of August in a decade
  Reuters
• Coronavirus live updates: First confirmed case of reinfection; WHO says 172 countries on global vaccine plan
  CNBC
• Erdogan says Greece 'sowing chaos' in Mediterranean
  Reuters
• Losses from China’s Overseas Takeover Binge Are Piling Up Fast
  Bloomberg
• China’s Banks Hire Tens of Thousands in Latest Rescue Mission
  Bloomberg

General

• Stocks Rally on Vaccine Hopes; Dollar Weakens: Markets Wrap
  Yahoo/Bloomberg
• Dow futures jump 250 points as market looks to extend record-setting rally, Apple shares gain
  Reuters
• Global stocks thrive on coronavirus treatment hopes
  Reuters
• Dollar falls, riskier currencies gain, ahead of Republican convention
  Reuters
• Oil prices steady as 'double trouble' storms bear down on Gulf of Mexico
  Reuters
• Global companies raise most funds for the month of August in a decade
  Reuters
• Northern California firefighters dig in ahead of high winds
  AP
• The Real Danger With $26.5 Trillion of U.S. Debt
  Yahoo/Bloomberg
• Real Estate Investors Skip Paying Loans While Raising Billions
  Yahoo/Bloomberg
• China Risk May Overshadow Emerging Markets Eyeing Vaccine Hopes
  Yahoo/Bloomberg
• China Investors Predict Record Defaults in Risky End to 2020
  Yahoo/Bloomberg
• Inflation Shock Will Hit Bonds Hardest in India, Russia, Mexico
  Bloomberg
• Chinese Home Buyers Paid Huge Deposits but Now Worry They’ll Be Left With Nothing
  WSJ
• New Covid-19 Cases in U.S. Fall to Lowest Level in More Than Two Months
  WSJ
• Latin America’s economic recovery stymied by old problems
  FT

Sunday, August 23, 2020

Evening

• Stock futures rise slightly in overnight trading as market looks to extend record-setting rally
  CNBC
• Firefighters, military planes, troops arrive in California to fight massive blazes
  Reuters
• Global dividend plunge to be worst since financial crisis
  Reuters
• France reports post-lockdown daily record of 4,897 new COVID-19 cases
  Reuters
• Coronavirus Lifts Government Debt to WWII Levels—Cutting It Won’t Be Easy
  WSJ
• The Median S&P Stock Has Never Been More Expensive
  WSJ
• New York City Faces Toughest Fiscal Crisis Since the 1970s
  WSJ

General

• Trump says could 'decouple' and not do business with China
  Reuters
• California seeks help as wildfires threaten communities
  Reuters
• The Day California Went Dark Was a Crisis Years in the Making
  Yahoo/Bloomberg
• Bond Traders Clamoring for Answers Bet the Fed Isn’t Done Yet
  Bloomberg
• China Investors Brace for Record Defaults in Risky End to 2020
  Bloomberg
• South Korea Warns of ‘Massive’ Coronavirus Risk
  Bloomberg
• U.S. Under 1,000 Deaths for First Time in 5 Days: Virus Update
  Bloomberg
• Many Companies Planned to Reopen Offices After Labor Day. With Coronavirus Still Around, They’re Rethinking That.
  WSJ
• This Market Is a Tech Market. If Bond Yields Rise, Watch Out.
  WSJ
• What steps will central bankers reveal at Jackson Hole summit?
  FT