Wednesday's News Links

[Yahoo/Bloomberg] Stocks Struggle Before Powell; UK Rate Bets Rise: Markets Wrap

[Reuters] Stocks and bonds reflect fears of Powell embracing his inner hawk

[Yahoo/Bloomberg] Yuan Extends Drop as PBOC’s Weak Fix Worsens Fragile Sentiment

[AP] Fed’s Powell: More rate hikes are likely this year to fight still-high inflation

[Yahoo Finance] Powell: 'Nearly all' Fed members expect to raise rates again this year

[Yahoo/Bloomberg] Fed Picks Pledge to Cool Inflation in Senate Nomination Hearing

[Yahoo/Bloomberg] Money Funds With Record $5.5 Trillion See Case for Pile to Grow

[Yahoo/Bloomberg] UK Inflation Overshoots Again, Raising Pressure for Higher Rates

[Reuters] UK's stubborn inflation fails to fall, turning up heat on BoE

[Yahoo/Bloomberg] UK Bank Stocks ‘Back in Danger Zone’ as Rates Climb, Says Exane

[Reuters] UK net debt passes 100% of GDP for first time since 1961

[Reuters] Russia strikes Kyiv, Zelenskiy says Moscow's forces being 'destroyed'

[Yahoo/Bloomberg] China State Media, Government Advisers Call for Economic Support

[Yahoo/Bloomberg] China Begins Nationwide Push to Reveal Hidden Government Debt

[Reuters] China unveils $72 bln tax break for green cars to spur demand

[Yahoo/Bloomberg] One BOJ Member’s View Is Set to Help Speculation Over July Move

[Yahoo/Bloomberg] Europe Car Sales Rose 18% in May on Soaring Demand for EVs

[Reuters] German recession will be sharper than expected: Ifo

[Reuters] Turkish central bank to hike rates sharply in post-election pivot

[Yahoo/Bloomberg] Wall Street Is Baffled as Turkey’s Reckoning Over Rates Arrives

[Yahoo/Bloomberg] What Really Happened the Night the Nickel Market Broke

[Bloomberg] One Real Estate Deal Uncovers the Murky World of Banks’ Lifeline Lender

[Bloomberg] Chinese Official Blasts US Over Taiwan After Blinken-Xi Meeting

[WSJ] Fed’s Powell Says Interest-Rate Pause Is Expected to Be Temporary

[WSJ] Wall Street Buys More T-Bills, Parks Less at Fed

[WSJ] Vacant Offices Are Piling Up in Silicon Valley

[WSJ] Business Confidence in China Falls to Record Low, EU Lobby Poll Shows

[FT] China hits out at US after Joe Biden calls Xi Jinping a ‘dictator’

Tuesday Afternoon Links

[CNBC] Stocks close lower for a second straight day, Dow sheds 200 points as market rally cools: Live updates 

[Yahoo/Bloomberg] Oil Falls Below $76 as Risk-Off Mood Outweighs China Stimulus

[Reuters] New US home construction surges by most in 3 decades in May

[Yahoo Finance] Home prices won't fall this year, analysts predict

[Yahoo/Bloomberg] Bull Market ‘FOMO’ Finally Sends Stock ETF Haul Past Bond Funds

[Reuters] Texas grid operator urges power conservation during heat wave

[CNBC] Why more and more colleges are closing down across the U.S.

[FT] Slowdown in junk-rated loan market hits US corporate borrowing plans

[FT] Chinese spy facilities in Cuba are ‘serious concern’, says Blinken