Monday, July 31, 2023

Tuesday's News Links

[Yahoo/Bloomberg] Stocks Pull Back From July Rally on Weak Earnings: Markets Wrap

[Yahoo/Bloomberg] Oil Edges Lower as Summer Rally Takes a Pause Amid Rising Dollar

[Reuters] US manufacturing shows signs of stabilizing at lower levels in July, ISM says

[Yahoo/Bloomberg] Wall Street Economists Are Looking at a September Rate Pause

[Yahoo/Bloomberg] New Factories Are Coming to the US, Even as Existing Ones Struggle

[Reuters] Drone hits tower housing Russian ministries for second time in three days

[Yahoo/Bloomberg] Ukraine Recap: Drones Target Russia as Strikes Intensify

[Reuters] UK house prices drop by most since 2009: Nationwide

[Yahoo/Bloomberg] Great Inflation Surge Fuels New Hotbed of Distress in Europe

[Yahoo/Bloomberg] China’s Manufacturing Slumps, Dragging Down Asia Factories

[Reuters] China's July factory activity swings back to contraction - Caixin PMI

[Yahoo/Bloomberg] China Pledges More Loan Support to Business to Spur Economy

[Yahoo/Bloomberg] Chinese Developer Country Garden Slides as Funding Woes Worsen

[Reuters] Exclusive: China asks some banks to reduce or delay dollar buying to ease pressure on yuan -sources

[Yahoo/Bloomberg] BOJ Watchers See No Further Policy Shift in 2023 After Yield Curve Control Tweak

[Reuters] Japan's factory activity falls on soft orders - PMI

[Yahoo/Bloomberg] Japan Jobless Rate Falls in Positive Sign for Wages, BOJ Goal

[Yahoo/Bloomberg] Global Pile of Negative-Yield Debt Driven Toward Zero by BOJ

[FT] The factories on the front line of China’s economic slowdown


Monday Evening Links

[Yahoo/Bloomberg] Asia Stocks Set to Follow Bullish Wall Street Mood: Markets Wrap

[Yahoo/Bloomberg] Oil Posts Biggest Monthly Gain Since Early 2022 on Supply Cuts

[Yahoo/Bloomberg] US Treasury Boosts Quarterly Borrowing Estimate to $1 Trillion

[Yahoo/Bloomberg] Scorching Summer Heat Is Curbing Gasoline Output and Adding Pain at the Pump

[Reuters] US banks report tighter credit, weaker loan demand, Fed survey shows

[Yahoo/Bloomberg] Hedge Funds ‘Throwing In Towel’ on Stocks as Rally Forces Unwind

[Reuters] Yellow Corp demise seen boosting rates for rival US truckers

[Yahoo/Bloomberg] BOJ Watchers See No Further Policy Shift in 2023 After Yield Curve Control Tweak

[Yahoo/Bloomberg] War, AI and Climate Change Shake Up $32 Trillion in Global Trade

[FT] China’s overseas investment in metals and mining set to hit record

Monday Afternoon Links

[Reuters] Wall St inches up, eyes monthly gain on U.S. soft landing hopes 

[Yahoo/Bloomberg] Oil Set for Biggest Monthly Gain Since Early 2022 on Supply Cuts

[AP] Here’s how hot and extreme the summer has been, and it’s only halfway over

[Yahoo/Bloomberg] A 5% US Mortgage Rate Is Seen as Tipping Point to Unlock Supply

[Reuters] War comes to Russian business after drones strike Moscow's financial centre

[Reuters] Argentina won't use 'one dollar' of reserves to repay IMF, says Massa

[Reuters] How concrete, asphalt and urban heat islands add to the misery of heat waves

[WSJ] Banks Lean On ‘Hot’ Deposits to Shore Up Balance Sheets