Thursday, December 26, 2019

Thursday Evening Links

[Reuters] Optimism on trade, online shopping pushes Wall Street to records

[MarketWatch] Gold price marks highest finish in more than 8 weeks

[Reuters] Oil up 1% at highest since September on trade pact and crude supplies

[AP] Markets in 2019: record stocks, lower rates, so-so IPOs

[Bloomberg] Fed’s Repo Op Is Undersubscribed, Suggesting Dealers at Capacity

[Bloomberg] China’s Government Is Letting a Wave of Bond Defaults Just Happen

[NYT] Americans Keep Spending: Holiday Sales Grew 3.4%

[WSJ] Fed’s U-Turn on Assets Faces a Year-End Test

[WSJ] U.S. Government Sets Record for Debt Auctions

Thursday's News Links

[Reuters] Stocks hover near record highs as investors count on trade deal

[Reuters] Oil hits highest since September on trade hopes, OPEC cuts

[Reuters] Record online sales give U.S. holiday shopping season a boost: report

[CNBC] Minimum wage hikes hit 21 states in 2019—and more are on the way in 2020

[Reuters] China's Nantong city imposes five-year ban on resale of cheap homes to curb speculation

[Reuters] Turkey to send troops to Libya at Tripoli's request: Erdogan

[Reuters] China, Russia and Iran to hold joint naval drills from Friday

[Bloomberg] Gold Makes Headway Above $1,500 as 2020 Comes Into Closer Focus

[Bloomberg] The Corporate Bond Market’s $100 Billion Buyer Is Here to Stay

[Bloomberg] China Plans New Push to Revamp State Firms Starting Next Year

[Bloomberg] China Vows to Improve Bond Handling as Defaults Hit Record

[WSJ] Buyers Return to Riskiest Junk Bonds

[WSJ] A Record Number of Homes Closed for $100 Million-Plus This Year

[WSJ] Eleven Years in the Making: Breaking Even on JPMorgan’s Purchase of Bear Stearns

[WSJ] Chinese Auto Makers Join Forces as Industry Woes Deepen

[FT] Corporate defaults in China surge in 2019 to record high $18.6bn

[FT] Year in a word: negative yields