Thursday, August 27, 2020

Friday's News Links

[CNBC] Stocks rise to end the week as Dow tries to erase losses for 2020

[Reuters] Yen surges as Japan's Abe quits, stocks mixed after Fed shift

[Yahoo/Bloomberg] Gold Rebounds on Weaker Dollar as Investors Weigh Fed’s Approach

[Reuters] Dollar buoyed by yields surge jump after Fed's inflation shift

[Reuters] U.S. consumer spending beats expectations in July

[Reuters] Powell's white-collar world led to Fed pivot for blue-collar jobs

[Reuters] Levitating stocks unlikely to help Fed's economic equality efforts

[Reuters] Fed's Kaplan says central bank needs to be conscious of financial stability risks

[Reuters] Banks eye layoffs as short-term crisis ends, long-term costs emerge

[CNBC] Democrats and White House are at a ‘tragic impasse’ on coronavirus stimulus after Pelosi-Meadows call

[AP] Japan PM Shinzo Abe says he’s resigning for health reasons

[Reuters] What's next after Japan PM Abe quits? Potential successors?

[MarketWatch] Options bets that the stock market will continue to soar have exploded to dot-com bubble levels

[Reuters] Brazil central bank to transfer 325 bln reais to Treasury to ease debt, liquidity strains

[Bloomberg] Volatility Markets Brace for Election Drama Like Never Before

[WSJ] After Unrest, Small Businesses Wrestle With Plywood Storefronts

[WSJ] The Coronavirus Pandemic Is Making College Students Question the Price of Their Education

[FT] Dollar slides as bond market signals rising inflation angst

[FT] Fed inflation shift raises questions about past rate rises

Thursday Evening Links

[Yahoo/Bloomberg] Bonds Slide After Powell; Asia Stock Futures Mixed: Markets Wrap

[CNBC] Stock futures flat in overnight trading after Dow briefly erases 2020 losses

[Reuters] S&P, Dow close higher on new Fed inflation stance, COVID test hopes

[AP] As virus rages, US economy struggles to sustain a recovery

[Reuters] U.S. stock funds see outflows during week of records: Lipper

[Yahoo/Bloomberg] China’s Economic Rebound Picks Up Speed on Car and Home Sales

[WSJ] Fed Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates

[WSJ] Fed’s Easy Money Pumps Up Winners Like Apple and Housing

[FT] Yield curve steepens after Fed policy shift

Thursday Afternoon Links

[CNBC] S&P 500 gives up earlier gains, falls into the red led by Apple and Amazon

[MarketWatch] Treasury yields climb after Fed aims for average inflation of 2%

[Reuters] German 10-year yields rise to highest since July after Powell speech

[Reuters] In landmark shift, Fed adopts average inflation target, elevates jobs focus

[CBS] Hurricane Laura leaves path of destruction before becoming a tropical storm

[Reuters] For U.S. reopening, labor market wound is healing slowly

[CNBC] Coronavirus live updates: Senators press labs over test delays; WHO says schools aren’t main contributor to spread

[Reuters] Turkey says it will hold military drills in eastern Mediterranean

[WSJ] Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low Rates

[FT] Fed to tolerate higher inflation in policy shift