Wednesday's News Links

[Yahoo/Bloomberg] US Stocks Poised for Gains After Inflation, Before Fed: Markets Wrap

[Yahoo/Bloomberg] Peso Gets Crushed as Investors Worry Sheinbaum’s Win Was Too Big

[Yahoo/Bloomberg] Oil Rises After Industry Data Points to Lower US Stockpiles

[Yahoo/Bloomberg] French Bond Rout Upends Hierarchy in Europe’s Debt Markets

[CNBC] Consumer prices unchanged in May and up 3.3% from a year ago

[AP] Federal Reserve is likely to scale back plans for rate cuts because of persistent inflation

[Reuters] Fed expected to hold rates steady, project fewer cuts in 2024

[Yahoo/Bloomberg] US Home-Purchase Applications Rise for First Time in Five Weeks

[Yahoo/Bloomberg] Hedge Funds Ride the Momentum-Trade Wave to Net Gains Everywhere

[Reuters] Japan May wholesale inflation jumps, complicates BOJ rate hike path

[Yahoo/Bloomberg] China’s Weaker-Than-Expected Inflation Stokes Demand Concerns

[Reuters] China's inflation steady, maintains pressure for more stimulus to boost demand

[Yahoo/Bloomberg] China Weighs Ban on Bank Distribution of Hedge Fund Products

[Reuters] China central bank promotes relending to speed up sales of housing stock

[Reuters] EU probes into Chinese subsidies and imports

[Yahoo/Bloomberg] Malaysian Central Bank Weighs New Measures to Stabilize Ringgit

[Reuters] North Korea's Kim boasts of 'invincible' ties with Russia amid talks of Putin visit

[Bloomberg] G-7 to Call on China to Stop Helping Russia’s War in Ukraine

[NYT] What to Watch as the Fed Meets

[NYT] Buyers Snap Up Aging and Empty Office Buildings for Deep Discounts

[WSJ] Hezbollah Fires Rocket Barrage Into Israel After Death of Commander

[FT] Emmanuel Macron appeals for rivals to join his fight against ‘extremist fever’

[FT] ECB flags euro risks from Russia as global forex reserves dip

[FT] Why Europe must safeguard its global currency status

[FT] EU to hit Chinese electric cars with tariffs of up to 48%

[FT] Philippines says China poses ‘existential’ threat in South China Sea

Tuesday Evening Links

[Reuters] Nasdaq, S&P 500 post record closing highs as Apple soars

[Yahoo/Bloomberg] Bond Traders Quick to Abandon Long Wagers Before Fed Meeting, CPI Data

[Reuters] Le Maire Warns of French Debt Crisis If Le Pen’s Party Wins Vote

[Axios] Israel claims Hamas rejected hostage and ceasefire deal proposal

[Bloomberg] Amazon Commits $1.4 Billion to Build 14,000 Affordable Homes

[NYT] Macron’s Call for Elections in France Adds to Fears of Financial Woes

Tuesday Afternoon Links

[Reuters] Wall St slips ahead of inflation report, Fed decision; Apple rebounds

[Yahoo/Bloomberg] Mexican Peso Adds to Losses as AMLO Pushes for Fast Judicial Reform

[Yahoo/Bloomberg] Treasuries Climb After Strong $39 Billion US Sale: Markets Wrap

[Yahoo/Bloomberg] Macron’s Election Gamble Triggers Chaos and Anger Inside His Party

[Yahoo/Bloomberg] US Weighs More Limits on China’s Access to Chips Needed for AI