Wednesday, September 2, 2020

Thursday's News Links

[Reuters] Wall Street tumbles as tech rally loses steam, economic data weighs

[Reuters] Dollar gains further on worries ECB grew uncomfortable with euro rise

[Yahoo/Bloomberg] Oil Drops Again With OPEC Supply and Wavering Demand in Focus

[Reuters] U.S. trade deficit jumps to 12-year high in July

[CNBC] U.S. weekly jobless claims total 881,000, vs 950,000 expected

[Reuters] Investors snap up U.S. corporate debt, pushing some real yields below zero

[Reuters] China's services sector sustains recovery as hiring picks up: Caixin PMI

[Reuters] Euro zone public deficit levels unsustainable, ECB's Wunsch says

[Yahoo/Bloomberg] Darkest Quant Fears Ring True in $1 Trillion World of Smart Beta

[Yahoo/Bloomberg] A Currency War Is the Last Thing the World Needs

[Bloomberg] Covid-19 Flares in New Hot Spots as Americans Let Their Guard Down

[NYT] Inflation Is Higher Than the Numbers Say

[WSJ] Doing the Math on Third-Quarter GDP

[WSJ] Fed's Williams: New Policy Regime Will Help Fed Achieve Job, Inflation Goals

[WSJ] Oversupply of Easy Money Sends European Borrowing Rates to Record Low

[FT] Fed’s inflation shift is another blow to ‘safe’ assets

[FT] Speculation in tech stocks points to wild swings

[FT] Hong Kong: Beijing cracks down while the financial centre thrives

Wednesday Evening Links

[Reuters] Asian shares set to rise on broader U.S. rally, dollar gains

[CNBC] Stock futures flat as Wall Street takes a breather after strong start to September

[Reuters] Wall Street closes higher with defensive bets out front

[Reuters] U.S. CBO sees FY20 federal budget deficit of $3.3 trillion amid coronavirus spending

[Bloomberg] FOMO Redrawing U.S. Stock Charts as Investors ‘Ride the Wave’

[Bloomberg] Seven Nobel Winners Sign Letter Opposing Shelton Fed Nomination

[Bloomberg] Beijing Pushes Its Big Banks to Weakest Health in a Decade

[WSJ] U.S. Debt Is Set to Exceed Size of the Economy Next Year, a First Since World War II

[FT] Bundesbank chief calls for scaling-back of crisis aid

Wednesday Afternoon Links

[Reuters] Nvidia, Microsoft power S&P 500's advance

[Reuters] U.S. private payrolls undershoot expectations, point to stalling labor market recovery

[CNBC] Coronavirus live updates: Pelosi, Mnuchin at impasse on relief aid; inexpensive steroids reduce patient deaths

[CNBC] ‘Extraordinary’ move by CDC to stop evictions draws heavy criticism from housing industry and tenant advocates

[Bloomberg] California Beset With Fires and Virus Sells $2.4 Billion in Debt

[Bloomberg] Manhattan Office Leasing on Track for Lowest Level in 20 Years

[Bloomberg] India Bans 118 China Apps Including PUBG, Alipay and Baidu Search

[FT] US corporate bond issuance hits $1.919tn in 2020, beating full-year record

[FT] US puts new restrictions on Chinese diplomats