Wednesday, July 10, 2019

Wednesday Evening Links

[Reuters] Wall Street touches new highs after comments by Fed's Powell

[Reuters] Powell testimony, Fed meeting highlight case for 'insurance'

[AP] Powell’s message to Congress: Rate cut is likely coming soon

[Reuters] Fed's Powell bolsters rate cut view on trade, growth concerns

[Reuters] Trump threatens to 'substantially' increase sanctions on Iran

[NYT] China and U.S. Differ Over Agricultural Purchases Trump Boasted About

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

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