Monday, June 10, 2024

Tuesday's News Links

[Yahoo/Bloomberg] Traders Head for Safety as Anxiety in Europe Grows: Markets Wrap

[Yahoo/Bloomberg] Macron Resignation Rumors Denied After French Bonds Tumble

[Yahoo/Bloomberg] Oil Holds Gain Ahead of Fed Rate Decision and Market Reports

[Reuters] US small business sentiment up in May

[Reuters] Morning Bid: Apple's AI push and the trouble with Europe

[MSN/WSJ] Dockworkers Cancel Bargaining, Threaten Strike at U.S. Seaports

[Yahoo/Bloomberg] Fed’s Higher-for-Longer Stance Hits Firms That Expected Rate Cut

[Yahoo/Bloomberg] Miami Faces Flood Threat With Heavy Rain Poised to Lash Florida

[Reuters] French conservatives' chief wants election deal with far-right, in major shift

[Yahoo/Bloomberg] BOJ Expected to Weigh Bond Buying Cuts as Rate Hike Timing Nears

[Yahoo/Bloomberg] Australian Business Confidence Turns Negative, Prices Pick Up

[Yahoo/Bloomberg] Pimco Warns of More US Regional Bank Failures on Property Pain

[Yahoo/Bloomberg] Hedge Funds Pile Into Copycat Quant Trades They Once Derided

[MSN/WP] On the Israel-Lebanon Border, a War is Unfolding in Slow Motion

[Reuters] Russia begins second stage of tactical nuclear weapon drills with Belarus

[Bloomberg] What Europe’s Rightward Shift Means for Macron

[Bloomberg] Chinese Developers’ Troubles Continue as Dexin Gets Liquidated

[NYT] Fed Is in No Rush to Cut Rates as Economy Holds Up

[FT] Investors ditch French stocks and bonds amid election nerves

[WSJ] Investors on Tenterhooks for Fed’s Latest Rate-Cut Projections

[WSJ] EV Trade War Could Spread to Luxury Cars

[FT] Why Emmanuel Macron went all in against Marine Le Pen

[FT] How does ‘cohabitation’ work in French politics?

[FT] The US budget is like an aggressive leveraged finance deal

[FT] US Fed will cut rates just once this year, say economists

Monday Evening Links

[Reuters] Indexes edge up ahead of Fed meeting, CPI

[Yahoo/Bloomberg] Emerging Currencies Drop as EU Elections Add to Political Risks

[Reuters] Oil prices up 3% to one-week high on hopes of higher summer fuel demand

[Yahoo/Bloomberg] Bond Traders Will Follow the New Fed Dots All the Way Into 2025

[Yahoo/Bloomberg] Higher Coupon Payments Keeping Demand for Credit High, BofA Says

[Reuters] France's far-right National Rally projected to win snap election without absolute majority

[Yahoo Finance] Consumer expectations for stocks hit three-year high in May

[CNBC] Home equity is near a record high. Tapping it may be tricky due to high interest rates

[WSJ] Welcome to the Era of the A.I. Smartphone

[FT] Emmanuel Macron’s high-stakes gamble

[FT] French parties reject Macron’s offer for alliance against far right

[FT] The big threat to dollar dominance is American dysfunction

Monday Afternoon Links

[Reuters] Wall St cautious ahead of key inflation data, Fed meeting 

[Yahoo/Bloomberg] French Bank Stocks Lead Market Drop After Macron Calls Snap Vote

[Yahoo/Bloomberg] Oil Extends Recovery With Traders Eyeing Demand Data, Fed

[Reuters] French parties scramble to prepare for snap ballot, weigh prospect of far-right rule

[Reuters] Le Pen and Bardella: France's far-right double act zero in on power

[Yahoo/Bloomberg] Le Pen’s 28-Year-Old Political Heir Faces a Make-or-Break Moment

[Reuters] Mexico investors worry lopsided vote could threaten rule of law

[Reuters] Long-dated Treasury holdings downsized as Fed faces tough inflation choices

[Reuters] ECB could wait several meetings between rate cuts, Lagarde says

[Yahoo Finance] Oil to rise to $86 per barrel this quarter on 'solid summer demand,' Goldman says

Monday's News Links

[Yahoo/Bloomberg] Fallout From European Election Hits Euro, Bonds: Markets Wrap

[Reuters] French shock election news adds to unease in event-packed week

[Reuter] Euro and French markets roiled by shock Macron election call

[Yahoo/Bloomberg] Emerging Currencies Drop as EU Elections Add to Political Risks

[Yahoo/Bloomberg] Oil Steadies After Weekly Loss as Market Looks Ahead to Fed Rate

[CNBC] Gold is getting harder to find as miners struggle to excavate more, World Gold Council says

[Reuters] Morning Bid: Rates and politics cast a shadow over markets

[Yahoo/Bloomberg] Asset Managers Ramped Up Bearish US Dollar Bets at the Wrong Time

[Politico] Macron gambles on snap election to fight far-right surge

[Reuters] France faces 'consequential' election as far-right rout prompts Macron gamble

[Reuters] Explainer: From trade to climate, five takeaways from the EU election

[Reuters] Eyeing showdown with Hezbollah, Israel presses shadow campaign in Syria

[Yahoo/Bloomberg] Nagel Suggests ECB Won’t Necessarily Cut Rate Again Anytime Soon

[Reuters] Japan's service sector mood hits nearly 2-year low in May

[Reuters] Canada Consumer Confidence Hits 2-Year High As Pessimism Falls

[WSJ] The Shortcut That Allows Risky Startups to Raise Billions From Rookie Investors

[FT] Markets hit as Macron calls snap French election after Le Pen’s EU vote victory

[FT] Political heat gives central bankers pause for thought on interest rate cuts

[FT] Iran promotes hardliners as presidential candidates