Thursday's News Links

[Yahoo/Bloomberg] Stocks Retreat; Euro Steady After ECB: Markets Wrap

[Yahoo/Bloomberg] Worst China Stocks Selloff Since February Caps Brutal Reversal

[Reuters] Dollar climbs as traders focus on weak Chinese retail sales

[Reuters] Global debt hits record high of 331% of GDP in first quarter: IIF

[CNBC] Weekly jobless claims total 1.30 million, vs 1.25 million estimate

[CNBC] U.S. retail sales rose 7.5% in June, vs 5.0% increase expected

[CNBC] Coronavirus live updates: India nears 1 million cases after record spike; Georgia Gov. Kemp scraps local mask mandates

[Reuters] China's economy rebounds in second quarter after steep slump, consumption and investment still weak

[Reuters] China industrial output rises 4.8% year-on-year in June; retail sales, investment fall

[Reuters] China says will stick with U.S. trade deal, but respond to 'bullying'

[AP] European Central Bank keeps monetary stimulus on track

[Yahoo/Bloomberg] Decade of the Dollar at Imminent Risk as Slide Threatens Uptrend

[Yahoo/Bloomberg] Professor Whose Formula Predicts Bankruptcies Has a Big Warning

[Yahoo/Bloomberg] California’s Top Oil Driller Files for Bankruptcy Protection

[Reuters] IMF chief warms global economy 'not out of the woods,' dangers lurk

[Yahoo/Bloomberg] Hedge Funds in Gold Futures Market Get Crushed by ‘Big Boy’ ETFs

[Reuters] Turkish state banks short forex to support lira, say sources and data

[Reuters] Taiwan holds drills to beat back invasion amid China tensions

[Bloomberg] Traders Are Betting the Fed’s Bond-Buying Binge Has Just Begun

[WSJ] Growing Wait Times for Covid-19 Test Results Hinder Virus Response

[WSJ] Hospitals in Covid-19 Hot Spots Are Filling Up

[FT] Behind the recovery, China’s economy is wobbling

[FT] ECB leaves stimulus policy unchanged as it gauges pace of nascent recovery

[FT] Demand rises for inflation hedges as perceived risk grows

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks Head for Muted Start: Dollar Retreats: Markets Wrap

[CNBC] Dow futures little changed as index tries for fifth straight day of gains

[CNBC] Dow posts 4-day winning streak, jumps more than 200 points on virus vaccine hopes, Goldman earnings

[Reuters] Trump rules out additional sanctions on top Chinese officials for now: Bloomberg News

[Yahoo/Bloomberg] Shadow Bank Weaknesses Forced Fed’s Market Rescue, Quarles Says

[CNBC] Coronavirus updates: Alabama mandates masks, Oklahoma governor tests positive

[CNBC] American Airlines warns 25,000 employees about potential job cuts as coronavirus continues to sap demand

[Yahoo/Bloomberg] Hedge Funds Really Can Blame Fed for Wrecking Their Strategies

[Yahoo/Bloomberg] Chinese Jeweler Probed for Using Fake Gold Bars for Loans

[CNN] Twitter accounts of Joe Biden, Barack Obama, Elon Musk, Bill Gates, and others apparently hacked

[Bloomberg] China’s Hot Stock Rally Throws Fresh Challenge at Credit Market

[FT] Europe’s leaders gear up for crunch summit

Wednesday Afternoon Links

[Reuters] Wall Street rises on vaccine hopes, Goldman profit beat

[AP] Fed survey says economy has picked up but outlook cloudy

[Reuters] Global consumer confidence plunged in second quarter, rebound likely sluggish: Conference Board

[CNBC] Coronavirus updates: White House plays down Navarro’s Dr. Fauci slam; Walmart to require masks