Wednesday's News Links

[Yahoo/Bloomberg] Stocks Steady After CPI as UBS Boosts Europe: Markets Wrap

[Yahoo/Bloomberg] Oil Rises After Industry Report Points to US Stockpile Drawdown

[CNBC] Consumer prices rose 0.2% in July, in line with expectations

[Reuters] Morning Bid: US clears inflation decks, NZ cut surprises

[Reuters] US junk debt investors cautious of leveraged loans as economy slows

[Yahoo/Bloomberg] US Mortgage Refinancing Surges by Most Since 2020 on Lower Rates

[Reuters] Ukraine is advancing deeper into Russia, Zelenskiy says

[Reuters] Japan PM Kishida to step down as scandals prove too much

[Yahoo/Bloomberg] Top Contenders for Japan Leadership After Kishida Announces Exit

[Reuters] NZ cuts rates for first time in over 4 years; flags more easing, kiwi tumbles

[Yahoo/Bloomberg] China’s Rare Loan Drop Stokes Fears of ‘Balance Sheet’ Recession

[Yahoo/Bloomberg] World’s Biggest Steel Producer Warns of ‘Severe’ Industry Crisis

[Yahoo/Bloomberg] Floods Threaten Europe as Searing Heat Gives Way to Storms

[WSJ] The Dramatic Turnaround in Millennials’ Finances

[WSJ] In Israel, Support Grows for Offensive Against Hezbollah

[FT] Ukraine launches huge drone attack on Russia

[FT] US banks may (or may not) be bracing for a hard landing

[FT] Eurozone rate cut questioned as German wages soar

[FT] How hedge funds are fighting back against the SEC’s ‘aggressive’ agenda

[FT] Gas and grain ships shun Panama Canal after drought disruption

Tuesday Evening Links

[Yahoo/Bloomberg] Asian Stocks to Track US Rally in Countdown to CPI: Markets Wrap

[Reuters] Wall Street ends higher as softer producer prices data boosts rate-cut bets

[Reuters] Fear fades in US stocks, but history shows quick return to calm unlikely

[Reuters] Morning Bid: Markets shake off volatility, but will it last?

[Reuters] Ukraine says it is still advancing in Russia's Kursk region, hints at 'next steps'

[Bloomberg] Poorer Experiencing Grocery Inflation Far Higher Than Wealthy

[NYT] How Food Prices Have Changed Over the Past Four Years

Tuesday Afternoon Links

[Reuters] Wall St jumps as softer producer prices data boosts rate optimism

[Yahoo/Bloomberg] Treasuries Rally After a Measure of Inflation Shows Price Easing

[Yahoo/Bloomberg] Oil Snaps Five-Day Rally as Mideast Risks Vie With IEA Outlook

[AP] Spending at small businesses rose in July as consumers spend more on general merchandise

[Yahoo/Bloomberg] Home Prices in Silicon Valley Area Top $2 Million for First Time

[CNN] American cities are getting unbearably hot. These ones are roasting the most

[WSJ] Chinese Banks’ Loan Issuance Slid in July

[FT] China’s bond market is sending a signal policymakers can’t ignore

Tuesday's News Links

[Yahoo Finance] S&P 500, Nasdaq jump as key inflation data comes in cool

[Yahoo/Bloomberg] Oil Snaps Five-Day Rally With Mideast Tensions, OPEC in Focus

[CNBC] Wholesale inflation measure rose 0.1% in July, less than expected

[Reuters] US manufacturers hit by soaring property insurance costs

[Reuters] US small business sentiment near 2-1/2-year high

[Reuters] US July federal deficit grows

[Reuters] Stock dump sparked by yen spike will drag on, says Goldman Sachs strategist

[Reuters] What is the Chinese yuan carry trade and how is it different from the yen's?

[Reuters] Japan's wholesale inflation quickens to fastest in nearly a year

[Yahoo/Bloomberg] BOJ’s Ueda Set to Explain July Rate Hike Decision on Aug. 23

[Yahoo/Bloomberg] China’s Bank Loan Gauge Contracts for First Time in 19 Years

[Yahoo/Bloomberg] Chinese Stock Trading Plummets in New Sign of Waning Confidence

[Yahoo/Bloomberg] Hong Kong’s Collapsing Land Sales Threaten City’s Funding Model

[Reuters] Exclusive: Only Gaza ceasefire can delay Iran's Israel response

[Reuters] Russia strikes back at Ukrainian forces in Kursk region

[Reuters] Ukraine touts huge gains in Kursk region as it takes war back to Russia

[Yahoo/Bloomberg] Russian Banks Scramble for Yuan as Liquidity Shortfall Doubles

[Reuters] Philippines calls Chinese air force actions over Scarborough Shoal 'coercive, aggressive, deceptive'

[NYT] It Was a Hot Real Estate Trade. Now Investors Are Worried.

[FT] Investors return to bonds as recession fears stalk markets

[FT] Chipmakers face a looming crisis in labour

[FT] Iran lashes out at Europeans over call for restraint in attacking Israel

[FT] A sky full of R-stars