Wednesday, November 18, 2020

Thursday's News Links

[Yahoo/Bloomberg] S&P 500 Edges Lower as European Stocks Fall: Markets Wrap

[Reuters] World stocks ease further from highs, oil dips on COVID-19 count

[Reuters] Dollar up on COVID-19 case rise, gains curbed by Fed easing expectations

[CNBC] U.S. weekly jobless claims total 742,000, vs 710,000 estimate

[Reuters] U.S. existing home sales rise for fifth straight month

[CNBC] Coronavirus live updates: HHS piloting rapid test used by the NBA; Oxford-AstraZeneca vaccine is effective across all ages

[Yahoo/Bloomberg] NYC Recovery at Risk on Double Whammy of School-and-Subway Pain

[Yahoo/Bloomberg] Fannie-Freddie Watchdog Demands Capital Above $280 Billion

[Yahoo/Bloomberg] U.S. Homebuyers Put Up Biggest Down Payments In 20 Years

[Reuters] State firms from China's Shanxi able to meet near-term bond repayments -local official

[Yahoo/Bloomberg] Turkish Rate Hike Backed by Erdogan Heralds Return to Mainstream

[Yahoo/Bloomberg] IMF Says Global Recovery May Be Fading, Risks Still Very High

[Yahoo/Bloomberg] Lagarde Pledges Forceful ECB Stimulus Response in December

[Reuters] Japan's daily coronavirus cases hit new record of 2,259: TBS

[Bloomberg] China Credit Stress Spreads Wider as Developer Defaults on Bond

[Bloomberg] China’s Next Default Pressure Point Comes Closer

[Bloomberg] G-20 Says Global Recovery Subject to ‘Elevated Downside Risks’

[Bloomberg] Global Crop Supply Fears Send Soybeans to Highest in Six Years

[WSJ] Large Chinese Broker Faces Probe After State-Owned Coal Miner’s Default

[FT] Political divisions put Fed’s pandemic emergency measures in doubt

[FT] Why the developing world needs a bigger pandemic response

[FT] Bundesbank chief: How central banks should address climate change

Wednesday Evening Links

[CNBC] Asia-Pacific markets trade lower as vaccine optimism clashes with economic worries

[Yahoo/Bloomberg] Stocks Drop as NYC School Closure Saps Sentiment: Markets Wrap 

[Yahoo/Bloomberg] Oil Hits Two-Month High With Vaccine News Buoying Demand Hope

[AP] ‘Tired to the bone’: Hospitals overwhelmed with virus cases

[Reuters] U.S. housing finance regulator adopts new capital rule for Fannie Mae, Freddie Mac

[WSJ] Fannie, Freddie Should Hold $280 Billion in Capital, FHFA Says

[WSJ] Market’s Vaccine Euphoria Was Bad News for Momentum Funds

Wednesday Afternoon Links

[Yahoo/Bloomberg] U.S. Stocks Slump; Dollar Sinks to Two-Year Low: Markets Wrap

[CNBC] U.S. is in an ‘absolutely dangerous situation’ as Covid outbreak worsens, top health official says

[CNBC] Coronavirus live updates: Moderna vaccine maker details ‘big challenges,’ NYC will close schools for in-person learning

[Reuters] Global debt to hit record $277 trillion by year end on pandemic spending splurge: IIF

[Yahoo/Bloomberg] Pandemic Thanksgiving Means About Half as Much Driving This Year

[CNBC] New York City will close schools for in-person learning to curb Covid outbreak, Mayor de Blasio says

[Reuters] Yield-hungry investors drive flock of borrowers to U.S. capital markets

[FT] Pandemic fuels global ‘debt tsunami’