Tuesday, October 29, 2019

Tuesday Evening Links

[Reuters] S&P 500 hits record high on robust Merck, Pfizer earnings

[Reuters] Exclusive: U.S.-China trade deal might not be ready for signing in Chile - U.S. official

[Reuters] U.S. consumer confidence slips in October

[Bloomberg] Pending U.S. Home Sales Post Biggest Annual Increase Since 2015

[AP] Here’s the single phrase to watch for from the Fed this week

[Reuters] Britain spins toward Christmas election in bid to break Brexit deadlock

[Reuters] Lebanon suffers record bond sell-off as PM Hariri resigns, protests turn violent

[Reuters] Iraqi protesters pack Baghdad square as anti-government movement gathers momentum

[Bloomberg] Manufacturing Is Now Smallest Share of U.S. Economy in 72 Years

[Bloomberg] Cheapest Debt In a Year Prompts Flurry of Corporate Bond Sales

[Bloomberg] Credit Quality, Leverage in Focus for Private Debt, Fitch Says

[Bloomberg] U.S. Home Prices Declined in August for First Time in a Year

[Bloomberg] Mnuchin Open to Looser Rules Backed by Dimon to Ease Repo Stress

Tuesday's News Links

[Reuters] Stocks cling to gains on trade hopes, mixed earnings weigh on Europe

[Reuters] China lifts yuan midpoint to strongest level in over 2 months

[Reuters] Three-peat? Fed copies 1990s playbook in bid to avert a downturn

[Reuters] Brexit election nears as UK opposition backs early poll

[AP] China accuses US of ‘economic bullying’ over equipment ban

[CNBC] US considers extending some tariff exclusions on Chinese imports as trade talks continue

[Reuters] Iraqi security forces open fire on protesters, kill 14

[Bloomberg] Fed Wants a Break From Rate Cuts. Will Bond Traders Allow It?

[Bloomberg] China’s Monetary Policy Is Being Hamstrung By Inflation Surge

[Bloomberg] America’s Middle Class Is Addicted to a New Kind of Credit

[Bloomberg] Mini-Loans Have Spurred a Business—And Debt—Boom in China

[Bloomberg] Largest China Convertible Bond Draws $1.1 Trillion in Bids

[Bloomberg] Another Credit Bubble Grows: the $5 Billion Crypto-Loan Market

[WSJ] Powell Faces Tightrope Act Framing Potential Pause on Fed Rate Cuts

[WSJ] Fannie, Freddie Told to Prepare for Return to Private Sector

[FT] US Federal Reserve rate decision: 4 things to watch