Daily News Links

8396 posts

Thursday, March 5, 2020

Evening

• Wall Street drops over 3% on virus fears, travel shares slammed
  Reuters
• Gold jumps 2% as virus fears put premium on safety
  Reuters
• Coronavirus cases in New York doubled overnight, as Gov. Cuomo confirms 11 new infections
  CNBC
• OPEC backs biggest oil cut since 2008 crisis, awaits Russia
  Reuters
• Coronavirus' shadow looms over emerging market currencies
  Reuters
• Unshackled by EU, countries have fiscal freedom to fight coronavirus
  Reuters
• ‘Almost Without Precedent’: Airline Industry Hit Hard by Coronavirus
  NYT
• Muni-Bond Yields Jump Over Treasuries for First Time Since 2016
  Bloomberg

General

• Stocks plunge on virus fears as California declares emergency
  Reuters
• Oil rises as OPEC backs deeper supply cuts
  Reuters
• US productivity increases at 1.2% rate in fourth quarter
  AP
• Coronavirus live updates: South Africa confirms first case, US to order more masks
  CNBC
• Washington state urges patience as Covid-19 test delays stoke anger
  Reuters
• California declares emergency over coronavirus as death toll rises in U.S.
  Reuters
• Coronavirus Fears Keeps Grand Princess In Limbo Off California Coast
  CBS5
• Cruise ship is held off at sea after California man dies from coronavirus less than 2 weeks after his trip
  CNN
• South Korea declares new 'special care zone' as coronavirus spreads
  Reuters
• Coronavirus: US banks ready disaster plans: sources
  AFP
• U.S. to 'redouble' efforts to ensure Taiwan's global participation, official says
  Reuters
• Trichet Says Coordinated Rate Cut Would Have Risked Panic Effect
  Bloomberg
• India Steps in to Rescue Lender Hammered by Shadow Bank Crisis
  Bloomberg
• A Global Outbreak Is Fueling the Backlash to Globalization
  NYT
• Analysis: Why the Fed Is Likely to Cut Again
  WSJ

Wednesday, March 4, 2020

Evening

• Dow, S&P 500 end more than 4% higher after Biden's Super Tuesday lead
  Reuters
• Treasuries - U.S. 10-year yield rises above 1% as stocks strengthen
  Reuters
• U.S. corporate bonds gain as risk appetite returns
  Reuters
• Coronavirus hits New York, Los Angeles areas; U.S. Congress to provide emergency funds
  Reuters
• Coronavirus live updates: South Korea reports 438 new cases, 3 additional deaths
  CNBC
• Fed ‘Beige Book’ shows business worried about coronavirus and the election
  CNBC
• Companies trim outlooks, travel and staff as virus spreads
  AP
• Fragile safety net leaves U.S. economy vulnerable to coronavirus hit
  Reuters
• Bank of Canada cuts interest rate by 50 points to 1.25 per cent
  Yahoo
• Coronavirus Spread in China Slows Drastically But Doubt Remains
  Bloomberg
• China Car Sales Drop Record 80% as Virus Empties Showrooms
  Bloomberg
• Mortgage Lenders Are Hiring Like Mad to Handle Demand as Rates Plunge
  Bloomberg
• With Oil Prices Down 20%, OPEC Pushes for Stability
  NYT
• Coronavirus Spreads in California, New York State
  WSJ

General

• Stocks surge after Biden's resurgence in Democratic primaries
  Reuters
• Oil rises $1 as OPEC, allies work on big output cut
  Reuters
• Coronavirus live updates: Italy weighs school closures, Chinese scientists find two strains of virus
  CNBC
• Fed’s Powell faces a puzzling crisis with no simple solution
  AP
• Italian govt to close schools, universities to contain coronavirus -Ansa
  Reuters
• Coronavirus has spread to nearly all Iran provinces: president
  Reuters
• Private payrolls up 183,000 as hiring shows no signs of coronavirus scare
  CNBC
• Weekly mortgage refinances spike 26% as interest rates tank on coronavirus fears
  CNBC
• China reports dwindling new cases, pivots to control risk from overseas
  Reuters
• China Car Sales Plummet 80 Percent Amid Coronavirus Crisis
  ABC
• Thousands wait for hospital beds in South Korea as coronavirus cases surge
  Reuters
• Amazon confirms first coronavirus case among U.S. employees
  Reuters
• Bank of Japan's Kuroda offers bleak view on economy, warns of damage from coronavirus
  Reuters
• Gold Handed a Win With Powell’s Cut Hammering Treasury Yields
  Bloomberg
• China Opens a Coronavirus Bond Spigot, and Companies Rush In
  WSJ
• US Fed’s coronavirus rate cut is first move in a dance with markets
  FT
• The seeds of the next debt crisis
  FT
• Coronavirus raises the risk of real trouble in corporate bonds
  FT
• China and Hong Kong PMI readings fall to record low
  FT
• Coronavirus exposes cracks in south-east Asia economies
  FT
• China’s stranded workers drag down virus-stricken economy
  FT

Tuesday, March 3, 2020

Evening

• Asian shares struggle for traction as Fed cut fails to lift confidence
  Reuters
• S&P cuts U.S. growth forecast again as virus spreads
  Reuters
• Japan services sector activity shrinks on coronavirus hit: PMI
  Reuters
• Debt sales make a comeback after coronavirus shut-down
  Reuters
• Dow drops 700 points even after Fed slashes rates to combat coronavirus
  CNBC
• Gold soars over 3% after U.S. Fed's emergency rate cut
  Reuters
• 10-year Treasury yield falls to all-time low after Powell press conference
  Reuters
• Powell says the Fed saw ‘a risk to the outlook for the economy and chose to act’
  CNBC
• Fed's emergency rate cut spooks Wall Street
  Reuters
• Trump demands ‘more easing and cutting’ after Fed slashes rates amid coronavirus outbreak
  CNBC
• U.S. coronavirus cases top 100, second patient confirmed in New York state
  Reuters
• Coronavirus live updates: US cases rise to 108, Fed cuts rates on outbreak risk
  CNBC
• Top CDC official tells Congress coronavirus almost qualifies as a global pandemic
  CNBC
• Fed is a ‘fish out of the water’ in fight against coronavirus, former Morgan Stanley chief economist says
  CNBC
• Turkey, Russia face off in Syria as fighting escalates, plane shot down
  Reuters
• Scott Minerd Says Markets at ‘Moment of Truth’ After Emergency Fed Cut
  Bloomberg
• Shadow Banks in India Face Their Biggest Funding Test Yet
  Bloomberg
• Fed Slashes Interest Rates in Emergency Move as Coronavirus Fears Mount
  NYT
• Global Health Crisis 1, Economic Policymakers 0
  NYT
• A Misplaced Faith in the Power of Central Banks
  WSJ
• Coronavirus Delivers Jolt to Sleepy Currency Markets
  WSJ
• For Growing Numbers of Struggling U.S. Cities, the Downturn Has Arrived
  WSJ

General

• Fed slashes rates in emergency move to thwart coronavirus outbreak risks
  Reuters
• Gold jumps, world stocks trade erratically after Fed's rate cut
  Reuters
• Oil extends gains on expectations for coordinated effort to offset coronavirus impact
  Reuters
• Yen, franc rise as coronavirus uncertainty outweigh stimulus hopes
  Reuters
• G-7 countries promise to use policy tools but offer no specific actions to combat coronavirus
  CNBC
• Exclusive: G7 draft statement on coronavirus response does not detail fiscal, monetary steps - source
  Reuters
• Coronavirus live updates: Japan indicates Olympics could be delayed, Trump calls for rate cut
  CNBC
• Australia's central bank cuts rates to shake off virus fears
  Reuters
• Coronavirus live updates: G-7 to issue statement on mitigating virus impact
  CNBC
• Deadly Seattle-area coronavirus outbreak spurs shift in public health response
  Reuters
• Turkey shoots down Syrian warplane as fighting escalates
  Reuters
• Virus Puts Globalized Economy at Risk, Says OECD Chief Economist
  Bloomberg
• China Stopped Its Economy to Tackle Coronavirus. Now the World Suffers.
  NYT
• China’s Coronavirus Crisis Is Just Beginning
  NYT
• Coronavirus Selloff Reveals the Hidden Mechanics of Financial Markets
  WSJ
• China’s Property Market Has Seized Up. Bondholders Aren’t Fazed.
  WSJ
• Coronavirus shatters trust in Iran’s leaders after cases surge
  FT

Monday, March 2, 2020

Evening

• Wall Street roars back, sparked by stimulus hopes
  Reuters
• Oil up over 5% as hopes of OPEC cut, stimulus counter virus gloom
  Reuters
• Gold gains as coronavirus raises policy-easing chances
  Reuters
• Powell and Mnuchin will lead G-7 emergency call on the coronavirus Tuesday
  CNBC
• Coronavirus live updates: Seattle reports new deaths, CDC released woman who tested positive
  CNBC
• Seattle-area officials report 3 new coronavirus deaths, bringing US total to 5
  CNBC
• Trump presses U.S. Federal Reserve to cut rates
  Reuters
• IMF, World Bank say ready to address economic challenges of coronavirus
  Reuters
• Fauci Warns of Likely Pandemic; WHO Goes to Iran: Virus Update
  Bloomberg
• Credit Cracks Widen With Record Outflows for High-Grade Bond ETF
  Bloomberg
• Global Property Deals Stall as Virus Keeps China Money Home
  Bloomberg
• U.S. Orders Chinese State Media to Cut Staff in U.S. by 40%
  Bloomberg
• Coronavirus Heaps Misery on Europe’s Ailing Banks
  WSJ
• Turkey’s Syria Border Becomes Ground Zero for Geopolitical Crisis
  WSJ
• ECB ready to take ‘appropriate and targeted measures’ on coronavirus
  FT
• Private equity titans cheer outlook despite virus threat
  FT

General

• Breaking: G7 central bankers to join call on coronavirus, markets, EUR/USD leap
  FX Street
• Dow jumps 550 points in volatile trading as Wall Street tries to recover from massive sell-off
  CNBC
• Oil up as hopes of OPEC cut, stimulus counter virus gloom
  Reuters
• US manufacturing activity slows in February as coronavirus spreads around the world
  CNBC
• Coronavirus live updates: First case confirmed in New York City, Europe raises risk level
  CNBC
• Markets want Fed to save them. Why its tools might not work.
  AP
• BOJ reassurance on coronavirus bolsters speculation of global policy action
  Reuters
• Asian factories take a beating from virus outbreak
  Reuters
• South Korea reports 476 new coronavirus cases, raising total to 4,212
  Reuters
• Confirmed coronavirus cases in Germany rise to 150: Robert Koch Institute
  Reuters
• Australia warns it can't stop the spread of coronavirus from overseas
  Reuters
• Kremlin to Turkey: We cannot guarantee safety of your planes over Syria
  Reuters
• Virus Pushes the Global Economy Closer to a Contraction
  Bloomberg
• A Brief History of the Federal Reserve’s Emergency Rate Shifts
  Bloomberg
• Is This Coronavirus ‘the Big One’?
  NYT
• In Coronavirus Fight, China Gives Citizens a Color Code, With Red Flags
  NYT
• Wall Street Prepares for Another Unruly Week
  WSJ
• Coronavirus Spreading Faster Outside China Than Within
  WSJ
• Europe’s central bankers call for ‘cool heads’ over virus
  FT

Sunday, March 1, 2020

Evening

• Dow futures reverse, indicating a positive open on Wall Street
  CNBC
• Asian markets set for more losses as coronavirus spreads
  Reuters
• Coronavirus live updates: New York State reports first case, China’s cases cross 80,000
  CNBC
• Markets Sunday live updates: Futures tumble, scary China economic data, traders search for bottom
  CNBC
• First case of novel coronavirus confirmed in New York, Gov. Andrew Cuomo says
  CNN
• Italy reports a 50% increase in confirmed coronavirus cases
  CNN
• China’s February factory activity shows weakest reading on record, private survey shows
  CNBC
• BOJ's Kuroda says will take steps to stabilize markets
  Reuters
• Australian financial regulators in emergency meeting to discuss coronavirus impact: source
  Reuters
• Goldman Sachs sees Fed cutting soon, perhaps before March 17-18 meeting
  Reuters
• Stock Rout Continues, Bond Yields Set New Records: Markets Wrap
  Bloomberg
• ‘Fear Factor’ Is Running High as Currency Markets Resume Trading
  Bloomberg
• Fed Ready to Cut Rates Despite Doubt They Can Offset Virus
  Bloomberg
• China’s Vulnerable Markets Face Deluge of New Shares, Bonds
  Bloomberg
• Australia’s Housing Boom Is Back as Key Cities Hit Record-High Prices
  Bloomberg
• U.S. Coronavirus Outbreak Widens
  WSJ
• Coronavirus Is Different. It’s Rapidly Hitting Supply and Demand.
  WSJ
• Federal Reserve should not try to fight the coronavirus
  FT

General

• Over 50 people at Kirkland nursing facility undergoing testing for coronavirus
  K5News
• South Korea closes churches as coronavirus tally passes 3,500
  Reuters
• Coronavirus weighs on South Korea February trade; ministry says worse to come
  Reuters
• Schools, universities to stay shut as Italy coronavirus death toll rises
  Reuters
• Coronavirus live updates: Australia and Thailand report their first deaths
  CNBC
• Trump calls for lower rates amid coronavirus fallout: ‘Fed should start being a leader’
  CNBC
• Coronavirus Tests Limits of Central Bank Firepower
  NYT
• Middle Eastern Stocks Plunge as Oil Gets Hammered by Coronavirus
  Bloomberg
• Investors Cast Wary Eye on Market Open With Bad News Piling Up
  Bloomberg
• China Economy Seen Headed for Deeper Contraction on Factory Drop
  Bloomberg
• Deepening Rout in Commodities Stokes Fears About World Economy
  WSJ
• Coronavirus Is Different. Almost No Company Is Safe.
  WSJ
• Coronavirus Delivers Another Blow to Embattled Shale Drillers
  WSJ

Saturday, February 29, 2020

General

• Officials announce possible coronavirus outbreak in Washington nursing facility
  The Hill
• First death from coronavirus in the United States confirmed in Washington state, officials say
  CNN
• Local spread of coronavirus marks turning point in U.S.
  Reuters
• China data portends more punishment for bruised stock markets
  Reuters
• China February factory activity contracts at record pace as coronavirus bites
  Reuters
• Coronavirus live updates: Trump holds press conference, first US death confirmed
  CNBC
• Global downturn looms as countries struggle to contain coronavirus outbreak
  Reuters
• Italian coronavirus deaths rise to 29, number of cases climbs above 1,000
  Reuters
• French coronavirus cases reach 100: public health head
  Reuters
• Iran calls on people to stay at home as death toll rises to 43
  Reuters
• Turkey's Erdogan asks Russia to step aside in Syria
  Reuters
• Outbreak starts to look more like worldwide economic crisis
  AP
• Stresses Build Up on Wall Street in Week That Felt Like Eternity
  Bloomberg
• Coronavirus May Cause 6% Contraction in China’s GDP: Pimco
  Bloomberg
• By the Numbers: How the Coronavirus Epidemic Is Hitting Businesses Around the World
  WSJ

Friday, February 28, 2020

Evening

• Coronavirus: China’s factories activity plunges to all-time low, worse than global financial crisis, February data show
  SCMP
• S&P 500 drops for seventh day, posts biggest weekly fall since 2008 crisis
  Reuters
• Dollar dives to seven-week low against yen on Fed rate cut hint
  Reuters
• Trump says he hopes the Fed gets involved ‘soon’ to combat market sell-off from coronavirus
  CNBC
• Fed’s Powell says coronavirus poses ‘evolving risks,’ pledges to ‘act as appropriate’ for economy
  CNBC
• WHO raises coronavirus threat assessment, now says virus poses a ‘very high’ risk at a global level
  CNBC
• Bill Gates: Coronavirus may be ‘once-in-a-century pathogen we’ve been worried about’
  CNBC
• Iran rejects BBC Persian report of at least 210 coronavirus deaths
  Reuters
• Exclusive: Tokyo has no 'Plan B' for Games despite coronavirus
  Reuters
• Explainer: How U.S. markets will function if coronavirus breaks out in NYC
  Reuters
• Powell Opens Door to Rate Cut on ‘Evolving’ Risks From Virus
  Bloomberg
• China Posts Weakest Factory Activity on Record
  Bloomberg
• History’s Fastest Crash Is the High Price for Unbridled Optimism
  Bloomberg
• U.S. Consumer Sentiment Holds Up in Second Half of February
  Bloomberg
• Pence Will Control All Coronavirus Messaging From Health Officials
  NYT

General

• Dow drops 1,000 points as pandemic fears heighten
  Reuters
• 10-year Treasury yield collapses to another record low of 1.16%, 2-year rate tumbles below 1%
  CNBC
• Yen soars as investors stampede to safety
  Reuters
• Global oil benchmark falls to 2 1/2-year low as coronavirus sparks demand fears
  MarketWatch
• U.S. consumer spending slows in January; income surges
  Reuters
• Coronavirus: WHO warns virus could spread to every country, Mexico confirms first case
  CNBC
• WHO warns of coronavirus spreading worldwide as five countries report first cases
  Reuters
• Fed’s James Bullard says rate cuts possible only if coronavirus turns into pandemic
  CNBC
• World prepares for coronavirus pandemic; global recession forecast
  Reuters
• South Korea coronavirus cases raises to 2,337, BTS cancels concert
  Reuters
• Iran closes schools as coronavirus death toll rises to 34
  Reuters
• Ex-Fed Gov Warsh sees coordinated global central bank action soon in response to COVID-19
  CNBC
• India's economy grows slowly in Dec quarter, with virus impact to come
  Reuters
• A Brief History of Central Bank Coordination as Debate Heats Up
  Bloomberg
• Yen and Euro Stage World-Beating Rallies in Week of Market Chaos
  Bloomberg
• Libor Plunges Most Since 2008 After Virus Spurs Bets on Fed Cuts
  Bloomberg
• China Makes Bad Loans Disappear as Virus Pummels Banking System
  Bloomberg
• Punch-Drunk Traders Now Focus Simply on ‘Survival, Not Returns’
  Bloomberg
• Virus Disrupts China’s Shipping, and World Ports Feel the Impact
  NYT
• Euro’s Surge Shows Power of Carry Trades Unwinding
  WSJ
• The Invisible Forces Exacerbating Market Swings
  WSJ
• Doubts cast on Federal Reserve’s ability to handle a pandemic
  FT