Wednesday's News Links

[Yahoo/Bloomberg] Stocks Fall as Fed Official Cools Rate Hopes: Markets Wrap

[Reuters] Yen slumps to lowest since 1986, putting traders on red alert

[Reuters] European shares slip, yen sinks to 38-year low

[Yahoo/Bloomberg] Oil Holds Above $85 a Barrel as Market Gears Up for US Data

[Yahoo/Bloomberg] China Bond Yield Declines to Lowest Since 2002 as Rally Extends

[AP] Suspected Houthi attacks target a ship in Gulf of Aden and Israeli port city of Eilat

[Yahoo/Bloomberg] Australia’s Faster Inflation Raises Risk of RBA Rate Hike

[Yahoo/Bloomberg] A $100 Billion Bet on China’s Economy Sours as Warehouses Empty

[Reuters] Singapore port congestion shows global ripple impact of Red Sea attacks

[Nikkei] China to see biggest millionaire exodus in 2024 as many head to U.S.

[Bloomberg] Even Macron’s Closest Allies Fear His Brand Is Toxic

[NYT] Behind the Unrest in Kenya, a Staggering and Painful National Debt

[FT] Companies slash borrowing costs on $400bn of US junk loans

[FT] China’s big housing correction is not over

[FT] US warns of Hizbollah ‘provocations’ as diplomats try to avert Israel-Lebanon war

[FT] World headed for ‘food wars’ amid geopolitics and climate change, warns Olam

Tuesday Afternoon Links

[Reuters] Nvidia, megacaps power strong Nasdaq recovery; Dow pulls back

[Reuters] US dollar gains after hawkish Fed comment, economic data

[Reuters] US consumer confidence retreats slightly; house prices remain elevated

[CNBC] Here’s how bad housing affordability is now

[Yahoo/Bloomberg] Fed’s Cook Says Rate Cut Needed at Some Point But Timing Unclear

[Axios] Extreme wildfires doubled in frequency, magnitude since 2003

[WSJ] War Between Israel and Iran Is Inevitable

[FT] Philippines warns of region-wide conflict over South China Sea reef dispute

[FT] A deepening stand-off in the South China Sea