Wednesday's News Links

[Yahoo/Bloomberg] Futures Signal Endurance to Rate-Fueled Rally: Markets Wrap

[Yahoo/Bloomberg] Oil Erases Drop as China Concerns Vie With US Inventory Data

[Reuters] Morning Bid: Calm markets as China skirts deflation, NZ doves coo

[AP] Houston residents stew and swelter after storm Beryl leaves millions without power

[CNBC] It suddenly looks like there are too many homes for sale. Here’s why that’s not quite right

[Yahoo/Bloomberg] US Commercial Property Crash Is Set to Deepen the Pain Elsewhere

[Yahoo/Bloomberg] French Contenders for Premier Jockey as Macron Meets NATO Heads

[Reuters] China June consumer inflation misses expectations amid anaemic demand

[Yahoo/Bloomberg] Vanke Warns of $1.2 Billion Loss as China’s Housing Slump Bites

[Reuters] Chinese regulator to suspend securities relending to curb short selling

[Reuters] Exclusive: China dials up scrutiny of Big Four audit firms

[Reuters] Japan's wholesale inflation picks up as weak yen raises import costs

[Yahoo/Bloomberg] Expensive Cocoa Supply Is About to Hit Chocolate Makers, Spurring Demand Pullback

[Reuters] Philippines air force joins multi-nation war games in Australia

[NYT] Powell Cheers Markets Looking for Signs on Rate Cuts

[FT] Emmanuel Macron’s centrists off to rocky start in coalition talks

[FT] A borrower’s struggles highlight risk lurking in a surging corner of finance

[FT] World in line for hottest year as 1.5C limit breached for 12 months in a row

Tuesday Evening Links

[Yahoo/Bloomberg] Oil Falls In Skittish Trade as Powell Avoids Rate-Cut Signals

[Reuters] US economy no longer overheated, Fed's Powell tells Congress

[Yahoo/Bloomberg] Houston Has 154,000-Gallon Sewage Spill After Power Outage

[Yahoo/Bloomberg] Power Outages Threaten Houston Data Center in Intense Heat

[Yahoo/Bloomberg] Bond Traders Built Up Bets on a Treasury Rally Every Day in July

[Reuters] US, allies announce additional air defense systems for Ukraine

[WSJ] Powell Inches the Fed Closer to Cutting Rates

Tuesday Afternoon Links

[Reuters] Chip stocks, megacaps steer S&P 500, Nasdaq to record highs

[Yahoo/Bloomberg] Oil Swings as Powell’s Labor Comments Boost Rate Cut Optimism

[AP] Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing

[Yahoo/Bloomberg] Powell Says More Good Inflation Data Would Boost Fed Confidence

[CNBC] Fed Chair Powell says holding rates high for too long could jeopardize economic growth

[AP] Rent inflation remains a pressure point for small businesses

[Reuters] France's election outcome 'negative' for credit rating, Moody's warns

[CNBC] Hedge funds post mediocre first-half performance with some big names only up single digits