Thursday's News Links

[CNBC] Stock futures hover near record after CPI report shows easing June inflation: Live updates

[Yahoo/Bloomberg] Treasury Yields Tumble After June CPI Slows More Than Estimated

[Bloomberg] Yen Strengthens 2% Against Dollar in Aftermath of US Inflation

[Yahoo/Bloomberg] Oil Climbs as Shrinking US Stocks Counter Downbeat IEA View

[Yahoo/Bloomberg] Japan’s 40-Year Government Bond Yields Hit 3% for First Time

[CNBC] Inflation falls 0.1% in June from prior month, helping case for lower rates

[AP] Fewer Americans apply for jobless claims last week as labor market remains sturdy

[AP] Pressure mounts on Houston power company to quickly restore service as city sweats after Beryl

[Yahoo/Bloomberg] Goldman Strategists Say Big Tech’s AI Splurge Worries Investors

[Reuters] Inside Goldman Sachs' expanding but risky financing engine

[Reuters] JPMorgan aims to amass 15% of US consumer deposits, boost credit card share

[Yahoo/Bloomberg] Private Equity's Creative Wizardry Is Obscuring Danger Signs

[Yahoo/Bloomberg] Macron’s Vision of a Centrist Alliance Is Already Faltering

[Yahoo/Bloomberg] France Must Find €15 Billion Annually to Meet EU Demands

[Yahoo/Bloomberg] Bank of France Chief Warns Next Government Not to Widen Deficit

[Reuters] Why has Japan not intervened yet to support yen?

[Yahoo/Bloomberg] China Cracks Down on Short Sales, Quants to Boost Stocks

[Yahoo/Bloomberg] China Regulator Said to Ask Some Banks to Dial Back Bond Risk

[Yahoo/Bloomberg] Quant Hedge Funds Dealt Fresh Blow From China’s Short-Sale Curbs

[AP] NATO allies call China a ‘decisive enabler’ of Russia’s war in Ukraine

[Reuters] Japan navy destroyer enters China waters near Taiwan, sparking Beijing concerns, says Japanese media

[Reuters] Taiwan monitoring surge in Chinese military activity as carrier drills in Pacific

[Bloomberg] Searing Heat Triggers Fuel-Supply Worries at Oil Refineries in Europe and Beyond

[WSJ] Home Insurance Premiums Are Surging—and States Are Allowing It

[WSJ] The Risky-Loan Trade Is Back

[FT] French central bank chief warns of political uncertainty ‘shock’

[FT] Europe braced for a weakened Emmanuel Macron

[FT] Central banks warn over surge in global sovereign debt levels

[FT] Investors shun riskier junk bonds as bankruptcy filings jump

[FT] China plays down hopes for ‘strong medicine’ at top economic policy meeting

Wednesday Afternoon Links

[Reuters] Nvidia-led megacap charge buoys Wall Street ahead of key inflation reading

[Yahoo/Bloomberg] Oil Rises After US Holiday Boosts Demand for Gasoline, Jet Fuel

[Yahoo Finance] Powell’s closer attention to cooling job market boosts hopes for Fed rate cuts

[Reuters] Fed's Powell: Will act 'when and as' needed, regardless of election

[Yahoo/Bloomberg] Houston Was Forced to Rely on a Burger App to Track Post-Beryl Blackouts

[Yahoo/Bloomberg] Pimco Warns Credit Market Returns Fail to Compensate for Risks

[Reuters] Gen Z consumers rely on parents amid inflation squeeze

[Reuters] France's Macron, breaking post-vote silence, urges mainstream coalition

[Reuters] BoE's Mann warns price pressures still strong, sees inflation rising again

[Politico] China’s army shows up on NATO’s border

[Bloomberg] Muni Market Faces Early Credit Problems as Federal Aid Sunsets

[FT] Big Tech feels the heat over AI concerns

[FT] Pick-up in wage growth raises doubts over scale of ECB rate cuts

[FT] Bank of England chief economist points to ‘persistence’ of underlying inflation