Wednesday, December 7, 2016

Wednesday Evening Links

[Bloomberg] U.S. Stocks Rise to Records, Bonds Gain on ECB Stimulus Optimism

[Bloomberg] AAA Ratings Return for Securities Backed by Riskier Home Loans

[Bloomberg] Private 2010 Records Show Dudley’s Staff Urging Bold Fed Action

[Washington Post] Trump takes aim at drug companies: ‘I don’t like what has happened with drug prices’

Wednesday's News Links

[Bloomberg] U.S. Stocks Fluctuate, Bonds Advance on ECB Stimulus Optimism

[Bloomberg] Stock Rally Extends Into Asia as Oil Falls; Aussie Sinks on GDP

[Bloomberg] Bonds Plunge as Indian Policy Makers Unexpectedly Hold Key Rate

[Bloomberg] China’s Foreign Reserves Drop Most in 10 Months as Yuan Slumps

[Bloomberg] China's Yuan Pessimists Are Multiplying

[Bloomberg] Finding Risk in All the Wrong Places as Trump Era Begins

[Bloomberg] Traders Caught Up in Wall Street Probes Switch to Shadow Banking

[Reuters] China's tighter capital controls impeding Western firms' payments, dividends: lobbies

[Reuters] BOJ Iwata keeps focus on money printing, exposes rift in board

[Bloomberg] Bank of Japan’s Iwata Says No Shift Away From Asset Purchases

[Bloomberg] China's Big Savers Are Racking Up More Debt

[Bloomberg] There's a New Normal in China's Debt Market

[Bloomberg] JPMorgan Hit Hardest as EU Fines Euribor Trio $521 Million

[AP] China warns US on Taiwan leader's planned transit

[WSJ] As Beijing Battles to Keep Yuan at Home, Chinese Prepare to Sell

[WSJ] China’s Yuan and the Trillion-Dollar Numbers Game

[FT] China’s forex reserves drop $70bn as outflow accelerates

[FT] How ECB chiefs will be reading markets ahead of QE vote

[FT] The pros and cons of a renminbi devaluation