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Wednesday, May 11, 2022

Thursday's News Links

[Yahoo/Bloomberg] Stocks Drop, Dollar Gains After PPI Report: Markets Wrap

[Reuters] Stocks in tailspin, dollar soars as hard landing fears mount

[Yahoo/Bloomberg] Bonds, Haven Currencies Rally as Growth Risks Haunt Markets

[Yahoo/Bloomberg] Oil Resumes Decline as Market Grapples With Tumultuous Trading 

[Yahoo/Bloomberg] Biggest Stablecoin Loses Dollar Peg as Crypto Anxiety Spreads

[Reuters] Crypto meltdown deepens as stablecoin Tether drops below dollar peg

[Yahoo/Bloomberg] Europe Gas Surges 22% as Germany Clashes With Russia Over Supply

[CNBC] More than $200 billion erased from entire crypto market in a day as sell-off intensifies

[Yahoo/Bloomberg] Hong Kong Intervenes to Defend Dollar for First Time Since 2019

[CNBC] Wholesale inflation rose 11% in April as producer prices keep accelerating

[Yahoo/Bloomberg] Ukraine Latest: US Looks at Sending New, Tank-Busting Drones

[Reuters] COVID claims 1 million U.S. lives

[Yahoo/Bloomberg] PBOC Says It’s Making Stabilizing Growth a Higher Priority

[Yahoo/Bloomberg] Major China Developer Sunac Misses Payment as Crisis Spreads

[Yahoo/Bloomberg] More Defaults Seen Following Sunac’s Failure: Evergrande Update

[Yahoo/Bloomberg] China Denies Beijing to Lock Down as Residents Rush to Buy Food

[Reuters] At mercy of zealous residential committees, Shanghai's locked-down vent frustration

[Washington Examiner] Rumors swirl that China’s Xi Jinping will step down amid harsh COVID lockdowns

[Reuters] Russia vows response as Finland seeks NATO membership without delay

[Fox] Medvedev: NATO's involvement in Russia-Ukraine conflict brings risk of 'full-fledged nuclear war'

[Reuters] Japan PM Kishida confirms further cooperation with EU to deal with Russia

[AP] North Korea confirms 1st COVID outbreak, Kim orders lockdown

[Reuters] Creaky U.S. power grid threatens progress on renewables, EVs

[Yahoo/Bloomberg] Schroders, BlackRock, Pimco Face Losses as Adler’s Troubles Grow

[Bloomberg] US Budget Deficit Shrinks $1.6 Trillion on Record Tax Surge

[Bloomberg] Two Shanghai Community Cases Reset Timeline for Lockdown End

[WSJ] Natural-Gas Prices Soar in Europe After Russia Sanctions Energy Companies

[WSJ] China’s Economic Slowdown Is Rippling All Around the World

[WSJ] Chinese Dollar-Bond Defaults Mount as Another Large Developer Fails to Pay

[FT] Can Xi Jinping vanquish Covid without crushing China’s economy?

[FT] European corporate bonds hit by steepest sell-off in at least 20 years