Monday's News Links

[Reuters] Stocks rally stalls, eyes on Powell testimony for US rate clues

[Yahoo/Bloomberg] Global Stocks Slip After Wall Street Rally Fizzles: Markets Wrap

[Reuters] Oil falls on China growth uncertainties

[Yahoo/Bloomberg] UK Two-Year Yield Climbs to 5% for First Time Since 2008 Financial Crisis

[Dow Jones] US Home-Builder Sentiment Turns Positive in June

[Reuters] Xi, Blinken agree to stabilise U.S.-China relations in rare Beijing talks

[Yahoo/Bloomberg] Xi Tells Blinken ‘Very Good’ That Progress Made on US-China Ties

[Dow Jones] Bank of England Set for 25Bp Rate Hike, But Economic Data Warrants Higher

[Yahoo/Bloomberg] London Home Asking Prices Slide as Surging Rates Stretch Buyers

[Yahoo/Bloomberg] Hedge Funds to Face First Ever Stress Tests Under BOE Exercise

[Yahoo/Bloomberg] China’s Delayed Stimulus Adds to Worries Over Slowing Economy

[Yahoo/Bloomberg] China’s Big-City Homeowners Cash Out as Wealth Dream Fades

[Reuters] Analysis: China bankers told to shun flashy clothes, 5-star hotels in austerity drive

[Reuters] Exclusive: Japan regulator sounded out top domestic banks about China risks, sources say

[Reuters] Goldman Sachs cuts China growth forecast as property slowdown bites

[Yahoo/Bloomberg] Key UK Mortgage Rate Exceeds 6% for the First Time This Year

[Yahoo/Bloomberg] ECB Must Err on Side of Doing Too Much on Rates, Schnabel Says

[Yahoo/Bloomberg] Sweden’s Property Crunch Worsens as Another Firm Cut to Junk

[WSJ] Why Inflation Around the World Just Won’t Go Away

[WSJ] SVB Customers Who Lost Their Deposits Remain on the Hook for Loans

[FT] Assets invested in global exchange traded funds hits record $10.32tn

[FT] Xi Jinping’s dream of a Chinese military industrial complex

Sunday's News Links

[Yahoo/Bloomberg] Jerome Powell in Capitol Hill Spotlight After Fed Pauses

[Yahoo Finance] Regional banks' stocks are rallying. Profits aren’t.

[Reuters] Blinken in China for rare trip amid frosty ties and dim hopes for progress

[Yahoo/Bloomberg] An Unexpected Recovery Sweeps World’s Riskiest Sovereign Bonds

[AP] Both sides suffer heavy casualties as Ukraine strikes back against Russia, UK assessment says

[Reuters] Death toll rises from flooding after Ukraine dam breach

[WSJ] After Months of Cold Shoulder, China Welcomes Blinken to Beijing

[WSJ] China’s Small Businesses Are Hit Hard as Economic Recovery Falters

[FT] The unexplained rise of cancer among millennials