Tuesday, August 30, 2022

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Mixed as Dollar, Treasury Yields Advance: Markets Wrap

[Reuters] Asia continues global stock slump as Fed tightening fears flare

[Reuters] Oil prices fall 3% on recession fears

[Yahoo/Bloomberg] China Escalates Currency Defense as Yuan Nears 7 Per Dollar

[Reuters] Fed officials see U.S. interest rates rising further

[CNBC] Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report

[CNBC] Mortgage demand falls even further, as rates shoot back up to July highs

[CNBC] Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023

[Yahoo/Bloomberg] Powell Abandons Soft Landing Goal as He Seeks ‘Growth Recession’

[Reuters] California braces for another run of extreme heat

[Yahoo/Bloomberg] Euro-Zone Inflation Hits Record as ECB Hawks Push Jumbo Hike

[Reuters] Russia deepens Europe's energy squeeze with new gas halt

[Reuters] High inflation, recession risk widen ECB dilemma

[Yahoo/Bloomberg] China’s Factories Still Struggling as Power Cuts Curb Output

[Reuters] China's Aug factory activity extends declines as risks grow

[Reuters] China sets October start for congress seen as Xi coronation

[Reuters] BOJ policymaker warns of fragile recovery, signals sustained low rates

[Reuters] Chinese military continues 'high intensity' patrols near Taiwan -Taiwanese defence ministry

[Reuters] The Gorbachev era and the collapse of the Soviet Union

[MSN/WP] Chinese react to Gorbachev’s death, accuse him of selling out Russia

[AP] UN weather agency predicts rare ‘triple-dip’ La Nina in 2022

[Bloomberg] Deadly Floods Are Wreaking Global Havoc

[WSJ] China Factories Hurt Amid Covid Disruptions, Heat Wave, Property Slump

[FT] European debt market hit by historic sell-off after rate rise bets

[FT] China drought highlights economic damage wrought by global warming

[FT] Mikhail Gorbachev, last Soviet leader, 1931-2022

Tuesday Evening Links

[Yahoo/Bloomberg] Stocks End at Lowest Level in a Month; Oil Sinks: Markets Wrap

[Reuters] Wall St closes down for 3rd straight session on Fed rate hike worry

[Yahoo/Bloomberg] Oil Slumps in Low-Volume Trading After Iraq Calms Supply Nerves

[Reuters] Fed's Williams sees no early end to balance sheet runoff

[Yahoo/Bloomberg] Fed Gets New Path to Go Big as Job Openings, Confidence Surprise

[Yahoo Finance] Jackson Hole 2022: Cleveland Fed President Loretta Mester speaks with Yahoo Finance 

[Yahoo/Bloomberg] Market Selloff’s Sequel Is Moment of Truth for Summer Stock Enthusiasts

[Yahoo/Bloomberg] Credit Markets Are Way Underpricing Recession Risk, UBS Says

[Reuters] U.S. house price inflation to plunge in 2023, fair value still a distant dream

[Reuters] 'A total crisis': Life in Mississippi's capital disrupted by water loss

[Yahoo/Bloomberg] Ukraine Latest: Russia Halts Gas Supply to French Utility Engie

[Reuters] Taiwan shoots at Chinese drone after president warns of 'strong countermeasures'

[AP] Russian media: Ex-Soviet leader Mikhail Gorbachev dead at 91

[WSJ] China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says

[FT] Gazprom calls complete stop on gas deliveries to France’s Engie

[FT] German inflation hits 40-year high as calls mount for bigger ECB rate rises