Tuesday's News Links

[Yahoo/Bloomberg] China Stimulus Lifts Stocks Despite Rates Warnings: Markets Wrap 

[Yahoo/Bloomberg] Oil Steadies as China Takes Steps to Revive Ailing Economy

[Yahoo/Bloomberg] Bond Vigilantes Are Calling the Shots in Emerging Markets Now

[Reuters] Small business confidence reaches 7-month high in June, NFIB says

[Yahoo/Bloomberg] CLO Market Set for $20 Billion Reset Spree in Sign of Thawing

[The Atlantic] It Turns Out That the Debt Matters After All

[CNN] Intense storms leave Northeast streets flooded, force evacuations and close downtown in Vermont’s capital

[Reuters] UK wage growth matches record high but job market shows signs of cooling

[Yahoo/Bloomberg] Hot UK Job Market Keeps Spotlight on Bank of England Rate Hikes

[CNBC] Mortgage rates in Britain hit 15-year high — with many fearful there’s more misery to come

[Yahoo/Bloomberg] China Loan Growth Picks Up After Rate Cut to Boost the Economy

[Yahoo/Bloomberg] China Signals More Economic Aid After Property Debt Relief

[Yahoo/Bloomberg] China’s $77 Billion Bank Rout Shows Who Pays Price for Rescues

[Yahoo/Bloomberg] China Can Borrow More to Revive Economy, Ex-PBOC Official Says

[Yahoo/Bloomberg] Heat in China’s Sichuan Hits Power as Metals Output Fears Grow

[Reuters] Analysis-Japan's changing views on price hikes open door for BOJ policy tweak

[Yahoo/Bloomberg] Heat Wave Baking Europe Disrupts Energy and Transport Networks

[Yahoo/Bloomberg] German Investor Outlook Sours Further in Sign of Muted Outlook

[Reuters] NATO summit seeks agreement on Ukraine bid after Turkey deal on Sweden

[Reuters] Indonesia seizes Iranian-flagged tanker suspected of illegal oil transfer

[Bloomberg] Stress Is Building in China’s $12 Trillion Onshore Credit Market

[NYT] The Fed’s Vice Chair for Supervision Suggests Big-Bank Regulation Changes

[WSJ] Historic Rate Increases Leave Some on Wall Street Wanting More

[WSJ] Deal Activity Slumps as Pricing Proves to Be a Sticking Point

[WSJ] Manhattan Luxury Real-Estate Market Heats Up

[WSJ] Is China Mired in a ‘Balance Sheet Recession’?

[WSJ] China’s Reopening Trade Is Fizzling Out

[FT] Taiwan plans massive safety drill to practise for possible China attack