Friday's News Links

[Yahoo/Bloomberg] Stocks Rally Fades as Stagflation Chatter Emerges: Markets Wrap

[Yahoo/Bloomberg] Gold at more than two-week high on US rate-cut bets

[Yahoo/Bloomberg] Oil Extends Two-Day Climb on Renewed Optimism for US Rate Cuts

[Reuters] JGB yields rise on weak auction; BOJ rate outlook eyed

[Yahoo/Bloomberg] Yen’s Fragility Raises Specter of a New Currency War in Asia

[AP] More than 100,000 flee Rafah as fighting breaks out on the city’s outskirts

[Reuters] Israel strikes eastern Rafah as ceasefire talks end with no deal

[AP] US consumer sentiment drops to 6-month low on inflation, unemployment fears

[Yahoo/Bloomberg] Biden Set to Impose Tariffs on China EVs, Strategic Sectors

[Reuters] Fed's Logan says US monetary policy may not be tight enough

[Yahoo/Bloomberg] Hedge Funds Draw Pension Money to Riskiest Corner of a $1.3 Trillion Credit Market

[The Hill] FBI warns of efforts by China, Russia, Iran to influence election

[Reuters] BOJ must avoid raising rates to combat weak yen, says ex-c.banker Watanabe

[Reuters] Why China's tolerance for a cheaper currency may be temporary

[Reuters] China's car exports hit record high in April, as domestic sales fall

[Yahoo/Bloomberg] PBOC May Trade Bonds to Shake Off Reliance on Banks, ANZ Says

[Reuters] UK exits recession with fastest growth in nearly three years

[Reuters] Philippines calls for expelling Chinese diplomats as South China Sea row escalates

[NYT] Why Companies Are Nervous About the Consumer

[WSJ] Beijing’s ‘Digest’ Plan Signals Shift in China’s Housing Crisis

[WSJ] Even a State-Linked Giant Can’t Escape China’s Real-Estate Crisis

[FT] The bond market liquidity ‘trilemma’

[FT] ‘There’s money everywhere’: Milken conference-goers look for a dealmaking revival

[FT] ETF buying nearly halves in April as US rate cut hopes recede

Thursday Evening Links

[Reuters] Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes 

[Yahoo/Bloomberg] Oil Ticks Higher Amid Technical Support, Drop in Stockpiles

[Yahoo/Bloomberg] US Leveraged Loan Funds See Biggest Weekly Inflows in Two Years

[Yahoo/Bloomberg] Mexico Central Bank Keeps Rate at 11% as Inflation Speeds Up

[Bloomberg] Foreign Treasury Holdings Hint at Yen Intervention Funding

[NYT] Why Higher Fed Rates Are Not Totally Off the Table

[WSJ] The Fed Needs to Change but Stay Independent

Thursday Afternoon Links

[Reuters] Wall St climbs after jobless claims data spurs rate-cut bets

[Yahoo/Bloomberg] Private Credit Stress Brings Anxiety and Opportunity to Milken

[Yahoo/Bloomberg] Muni Mega Deals Set to Smash Record on Lower Rates, Higher Costs

[Reuters] US 30-year fixed-rate mortgage falls to 7.09%, still too high to boost housing

[Reuters] Bank of Canada says debt, asset valuations are key risks to stability

[WSJ] Where Is the AI Boom Taking Us? Business Leaders Disagree on Outlook

[FT] Benjamin Netanyahu reacts with outrage at US warning over Rafah invasion