Tuesday, August 20, 2024

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Climb as Traders Await Data for Rate Clues: Markets Wrap

[Yahoo/Bloomberg] Oil Steadies as Traders Weigh US Stockpiles and Gaza Talks

[Yahoo/Bloomberg] US home purchase applications slide to lowest since February

[CNBC] After mini-boom, weekly mortgage refinance demand falls back 15%. Here’s why.

[Yahoo/Bloomberg] Powell Confronts Policy Crossroads With All Eyes on Jackson Hole

[NBC] More than 28% of Americans are searching for new jobs — the highest rate in a decade

[Yahoo/Bloomberg] Texans’ Bid to Stay Cool in Heat Lifts Power Use to New High

[Reuters] Ukraine launches 'one of largest ever' drone attacks on Moscow, mayor says

[Yahoo/Bloomberg] Blinken Says ‘Time Is of the Essence’ for Gaza Truce Deal

[Yahoo/Bloomberg] China’s PBOC Dials Back Support for Yuan as Currency Steadies

[Yahoo/Bloomberg] Yuan May Soar as Carry Trade Unwinds, Top China Economist Warns

[Reuters] China's rising youth unemployment breeds new working class: 'Rotten-tail kids'

[Yahoo/Bloomberg] Japan’s July Exports Jump as Weak Yen Inflates Shipments Value

[Reuters] Israel says it bombed Hezbollah arms depots in Lebanon's Bekaa Valley

[Reuters] Tanker adrift after multiple attacks in the Red Sea, UK maritime agency says

[Reuters] Kursk incursion boosts Ukrainian morale after grim year

[Reuters] Russia's Putin meets Chinese premier Li Qiang in Moscow

[Bloomberg] Bond Traders Amassing Historic Level of Risk on Rate-Cut Bets

[Bloomberg] A $2 Trillion Reckoning Looms as Ports Become Pawns in Geopolitics

[WSJ] Gaza Cease-Fire Talks Put Iran Attack on Hold

[WSJ] China-EU Trade Rift Deepens With Probe of European Cheese

[FT] Gold hits record highs as investors bet on rate cuts

[FT] Cooling US jobs market looms over central bankers at Jackson Hole

[FT] Nearly $90bn pours into US money market funds ahead of expected rate cuts

[FT] Target hails ‘remarkable’ consumer resilience as sales turn positive

[FT] China’s $70bn property rescue plan limps off starting line

Tuesday's News Links

[Yahoo/Bloomberg] Global Stocks Set for Longest Win Streak of 2024: Markets Wrap

[Yahoo/Bloomberg] Gold climbs to fresh record high with focus on Jackson Hole

[Yahoo/Bloomberg] Oil Steadies After Rout With Focus on Mideast and China Outlooks

[AP] Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

[Reuters] Fed officials uneasy about job market as they get ready for Jackson Hole

[Yahoo/Bloomberg] Fed confronts up to a million US jobs vanishing in revision

[Yahoo/Bloomberg] Central Bankers Diverge on Rates Path Ahead of Jackson Hole

[Reuters] China-based EV makers hit with European Union tariffs

[CNBC] China's youth unemployment soars above 17% in July, highest since new system began in December

[Reuters] China leaves key lending benchmarks unchanged, as expected

[Yahoo/Bloomberg] China May Let Local Governments Sell Bonds to Buy Homes

[Yahoo/Bloomberg] Germany’s Strong Wage Growth Adds to ECB’s Inflation Struggle

[Yahoo/Bloomberg] Riksbank cuts Swedish rate and outlines faster easing plan

[Reuters] Australia central bank sees near-term interest rate cut as unlikely

[Reuters] Russia hits energy infrastructure in airstrikes on Ukraine

[WSJ] A Natural-Gas Glut Is Forcing Drillers to Dial Back—Again

[WSJ] China Says ‘Please Stop Buying Our Bonds’

[FT] Dollar hits year’s low as traders prepare for rate cuts

[FT] R Star Star Wars Episode II: Fiscal Policy Strikes Back