Monday, October 30, 2023

Tuesday's News Links

[Yahoo/Bloomberg] US Stocks Edge Higher With Earnings; Yen Tumbles: Markets Wrap

[Yahoo/Bloomberg] BOJ Further Loosens Grip on Bond Yields in Modest Policy Tweak

[Yahoo/Bloomberg] Oil Pushes Higher After Plunge With Mideast War, Demand in Focus

[Yahoo/Bloomberg] Central Bank Gold Binge Is Even Bigger Than Previously Thought

[Yahoo/Bloomberg] China’s Gold Appetite To Stay Strong Through 2023, Council Says

[Yahoo/Bloomberg] BOJ’s Subtle Tweak Is Harbinger of Higher Bond Yields Everywhere

[Reuters] Israel says it attacked Hamas gunmen inside Gaza tunnels

[Yahoo/Bloomberg] Israel Latest: Iran Says Need to Use ‘Last’ Chance to Halt War

[Reuters] Hamas says it fires on Israeli forces pressing ground assault

[Reuters] BOJ modifies bond yield control, re-defines long-term rate cap

[Yahoo/Bloomberg] BOJ Is Handing Back the Japanese Bond Market to Investors

[AP] Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

[Yahoo/Bloomberg] Wall Street Predicts a Record $114 Billion US Quarterly Debt Refunding

[Yahoo/Bloomberg] Credit Strength Is Baffling Fed Watchers Ahead of Rate Decision

[CNBC] 62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds

[Yahoo/Blomberg] Property Fundraising Slumped 71% in Third Quarter With Rate Risk

[Yahoo/Bloomberg] China’s Factory Activity Shrinks, Fueling Calls for More Support

[Reuters] China factory activity unexpectedly shrinks in Oct, dents recovery momentum

[Reuters] Evergrande will struggle to revive its debt restructuring plan

[Yahoo/Bloomberg] Euro-Zone Inflation Sinks to 2-Year Low as Economy Contracts

[Yahoo/Bloomberg] Global Rout Sparks $27 Billion Exit From EM Asia Equities

[Bloomberg] China Vows System to Resolve Local Government Debt Risks

[Bloomberg] How Xi Jinping Led China’s Economy Astray

[NYT] What to Watch for as the Federal Reserve Meets This Week

[WSJ] Japan’s Seven-Year Experiment in Extreme Interest-Rate Control Is Coming to an End

[WSJ] Yield Curve Control Joins the Living Dead

[FT] BoJ sets stage for end of bond yield controls

[WSJ] The Money Has Stopped Flowing in Commercial Real Estate

[FT] China leads record central bank gold buying in first nine months of year

[FT] ‘Other leaders are corrupt’: Li Keqiang mourning poses challenge for Beijing

[FT] Russia tightens capital controls on western companies

Monday Evening Links

[Reuters] Wall Street ends sharply higher, powered by earnings momentum; Fed eyed

[Yahoo/Bloomberg] Oil Erases Israel-Hamas War Gains as Conflict Stays Contained

[Yahoo/Bloomberg] Yen Rallies Sharply on Reports BOJ to Mull Lifting Yield Cap

[Reuters] Israeli forces attack north Gaza's main city from two directions

[Reuters] Netanyahu says Israel will not pause war against Hamas

[Reuters] Exclusive: Lebanon's Hezbollah works to curb hefty losses in Israel clashes, sources say

[Yahoo/Bloomberg] US Cuts Quarterly Borrowing Target to $776 Billion, Still Record

[Yahoo/Bloomberg] High-Grade Companies Raise $22.5 Billion in Bond Flurry

[Bloomberg] California Slashes State Tax Revenue Outlook Ahead of Bond Sales

[Bloomberg] Soaring US Childcare Costs Are Weighing on Spending and the Labor Market

[Bloomberg] US Colleges Face Credit Risk Due to Their Private Equity Exposure

[NYT] Autoworkers Score Big Wins in New Contracts With Carmakers

[FT] Oil prices could hit $150 if Israel-Hamas conflict intensifies, World Bank warns