Wednesday's News Links

[Reuters] Wall Street higher after Powell's remarks raise rate cut bets

[Reuters] Gold jumps as Fed Chair remarks boost rate cut hopes

[Reuters] Oil prices rise as data shows bigger-than-expected fall in U.S. stockpiles

[Reuters] Fed's Powell says trade, global growth concerns continue to weigh on U.S. economy

[CNBC] Powell: ‘Crosscurrents’ are weighing on the economy so Fed will ‘act as appropriate’

[Reuters] China's June factory prices flat, food costs stay high

[AP] China’s June auto sales fall, extending year-old decline

[Reuters] Mexico's new finance minister vows fiscal calm, hews to surplus target

[Reuters] Japan, South Korea raise stakes in dispute over forced labor

[Bloomberg] Those Poor U.S. Bond Auctions Are Adding Up

[Bloomberg] Moon Warns Korean Business to Prepare for a Prolonged Fight With Japan

[Bloomberg] A Blow Against AMLO Bodes Ill for Mexico

[Bloomberg] Turkey Is Heading for Economic Collapse, Ashmore Says

[Bloomberg] Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State

[Bloomberg] The ‘Fed Put’ Party Will Be Spoiled by Bad Earnings, UBS Warns

[WSJ] Jerome Powell Says Outlook Hasn’t Improved in Recent Weeks, Setting Stage for Rate Cut

[WSJ] BASF Sounds a Global Trade Alert

[FT] US junk-bond price move a warning for investors

Tuesday Evening Links

[Reuters] Asia cautious as everything rides on dovish Powell

[Reuters] S&P 500 ekes out gain though profit worries weigh

[CNBC] Fed chief faces tough task in Congressional testimony: ‘Walking a tightrope over Niagara Falls’

[CNBC] Lighthizer, Mnuchin spoke with Chinese Vice Premier Liu He on Tuesday

[Reuters] In blow to Mexican president, finance minister quits over economic 'extremism'

[Reuters] PM hopefuls battle over Brexit in bad-tempered debate

[Reuters] Iran Guards commander says U.S. bases are in range of its missiles: Tasnim

[Bloomberg] Traders Are Certain the Fed Will Cut in July, But Unsure What’s Next

[Bloomberg] AMLO Hits Turbulence as Finance Chief’s Exit Sends Shock Waves

[Bloomberg] The Bond Rally Is So Wild Investors Are Piling Into Italy’s 50-Year Debt

[Bloomberg] Trade War Threatens Chinese Factories’ Existence, Supplier Says

[Bloomberg] China Wants Its Own Goldman Sachs. It Has a Big Headache Instead

[FT] Fears rise of escalation in US and EU trade dispute