Monday's News Links

[Yahoo/Bloomberg] Stocks Gain With Rebound Pinned to Debt-Cap Talks: Markets Wrap

[Reuters] Dollar slips from 5-week high; Turkish lira drops

[Reuters] Oil prices rise as tight supplies compete with economic concerns

[Reuters] Biden, Republicans search for outline of debt-limit deal

[Yahoo/Bloomberg] Biden and McCarthy to Resume Debt Ceiling Talks on Tuesday

[Reuters] How Wall Street is preparing for possible US debt default

[Reuters] In the Market: Why US regional banks are doomed to a doom loop

[Yahoo/Bloomberg] Fed’s Bostic Says He Doesn’t See Rate Cuts Until Well Into 2024

[Yahoo/Bloomberg] US Credit Crunch Claims Seven More Firms Filing for Bankruptcy

[Reuters] US consumers keep vehicles for a record 12.5 years on average -S&P

[Yahoo/Bloomberg] PBOC Extends Cash Support in May After Credit Growth Slumped

[Reuters] China holds rates, adds more liquidity as recovery struggles

[Yahoo/Bloomberg] Another China Defaulter Gets Liquidation Order as Pressure Grows

[Reuters] Turkey faces runoff election with Erdogan leading

[Yahoo/Bloomberg] ECB Seen Keeping Rates High for Longer Amid Sticky Core Prices

[Yahoo/Bloomberg] Euro-Zone Inflation Outlook Raised by EU on Surge in Core Prices

[Yahoo/Bloomberg] Platinum Supply Cuts Seen Creating Record Shortage of Metal

[Yahoo/Bloomberg] Fires Rage in Canada’s Oil Heartland Amid Weekend Heat Wave

[WSJ] Late Start for Debt-Limit Talks Amps Up Pressure on Congress

[WSJ] CEO Pay Packages Fell Sharply in 2022 as the Stock Market Sank

[WSJ] How El Niño Could Scramble Commodity Markets

[FT] Fed faces a long battle to trim inflation to its 2% target

[FT] Xi Jinping’s Taiwan ambitions threaten China’s rise

[FT] Turkish default protection costs soar as Erdoğan leads presidential vote

[FT] The DeFi world faces a jarring transition 

Sunday Evening Links

[CNBC] Stock futures slip on Sunday night after S&P 500 and Dow post two straight weekly losses

[Yahoo/Bloomberg] US Equity Futures Fall; Baht Gains, Rand Rallies: Markets Wrap

[Yahoo/Bloomberg] Oil Holds Fourth Weekly Decline as Concerns Over Demand Linger

[Reuters] Biden expects to meet lawmakers Tuesday for debt talks, says he is optimistic

[Reuters] Turkey faces runoff election as Erdogan survives first test

[Reuters] Morning bid: Major macro signals from China, Japan

Sunday's News Links

[Reuters] Biden says US debt ceiling talks are moving along

[Yahoo/Bloomberg] Bond Traders Laser-Focused on Washington as Debt-Cap Risks Grow

[Yahoo/Bloomberg] Borrowers Pounce Before the Going Gets Rougher: Credit Weekly

[Yahoo/Bloomberg] Bean Shortage Drives Up Cost of Even the Cheapest Cup of Coffee

[Yahoo/Bloomberg] China’s Strong Data Likely to Mask Weakening Recovery

[Reuters] Turkey votes in elections, Erdogan risks defeat

[Reuters] Russia says two of its commanders killed as Kyiv wages Bakhmut offensive

[AP] China and Russia are increasing their military collaboration, Japan’s foreign minister warns

[Reuters] Head of Russia's crime agency suggests nationalising key parts of economy

[FT] Algorithms prop up the market as fretful humans sit out the uncertainty

[FT] Oaktree’s Howard Marks warns of crunch time for private credit