Thursday's News Links

[Bloomberg] Dollar Rally Stymied by China, Fed as Gold Climbs: Markets Wrap

[Reuters] Asian stocks rise for eighth day on strong PMIs, Wall Street gains

[Bloomberg] China’s Epic Short Squeeze Is Back as Yuan Rally Crushes Bears

[CNBC] China’s offshore yuan surges most against dollar in a year

[Bloomberg] Portugal 10-Year Yield Climbs Above 4% as Selloff Deepens: Chart

[Bloomberg] Bears Scramble for Yuan as China Chokes Flows, Supports Currency

[Reuters] China's choices narrowing as it burns through FX reserves to support yuan

[Reuters] China services sector activity rises to 17-month high in December: Caixin PMI

[Reuters] Japan December services PMI rises to 11-month high

[Reuters] UK, China, South Africa downgrade calls loom for Moody's

[Bloomberg] Prices Are Rising Across the Globe. That's a Good Thing, Right?

[Reuters] German economists press ECB to raise interest rates

[Bloomberg] Chinese Media Say ‘Big Sticks’ Await Trump If He Seeks Trade War

[WSJ] Republican Lawmakers Revive ‘Audit the Fed’ Legislation

[FT] It was another great year for investors who avoid hedge funds

Wednesday Evening Links

[Bloomberg] U.S. Stocks Rise, Bonds Erase Drop on Fed Minutes: Markets Wrap

[Bloomberg] Fed Officials See Gradual Rate Hikes as Upside Risks Debated

[Reuters] Fed policymakers agree Trump fiscal boost poses inflation risk

[Reuters] Total global debt tops 325 pct of GDP as government debt jumps: IIF

[Bloomberg] Inside the Fed’s December Meeting: The Annotated Minutes

[Bloomberg] Harvard Academic Sees Debt Rout Worse Than 1994 ‘Bond Massacre’

[Reuters] December US auto sales come in at pace of 18.4 million, vs. 17.7 million estimate

[Reuters] GM December U.S. sales up 8 percent, sees record for industry in 2017

[Reuters] U.S. 2016 auto sales set new record at 17.465 mln - WardsAuto

[Reuters] Trump's SEC pick Clayton points to capital formation, not enforcement

[Bloomberg] China Sets Sights on Another Skeptic-Defying Year

[NYT] Fed Sees Faster Economic Growth Under Trump, but Not a Boom

[FT] Wall Street debt issuance off to a record start in 2017

[WSJ] Envisioning a Fannie and Freddie Endgame