Tuesday, November 24, 2020

Wednesday's News Links

[AP] Global stocks edge lower after Dow crests 30,000

[Reuters] Dollar under pressure as risk appetite stages a comeback

[Yahoo/Bloomberg] Stocks on Track for Record Month; Treasuries Dip: Markets Wrap

[Axios] Scoop: Israeli military prepares for possibility Trump will strike Iran

[MarketWatch] Advanced U.S. trade deficit in goods widens to $80.3 billion in October

[CNBC] Weekly jobless claims higher than expected as labor market takes hit from rising coronavirus cases

[CNBC] U.S. core capital goods orders beat expectations in October

[CNBC] Another record low mortgage rate just caused demand to jump for both refinances and home purchases

[CNBC] Coronavirus live updates: UPS readies dry ice to prepare for vaccine deliveries; FDA clears new antibody test

[CNN] US sets record for Covid-19 hospitalizations amid fall surge

[Reuters] World agonises over new COVID curbs as infections approach 60 million

[AP] Restaurant workers out of work again as virus surges anew

[Yahoo/Bloomberg] Wall Street Dealers in Hedging Frenzy Get Blamed for Volatility

[Yahoo/Bloomberg] ECB Warns European Banks May Need More Bad-Loan Provisions

[Bloomberg] U.S. Goods-Trade Gap Widens as Imports Rise to Highest in a Year

[WSJ] Politics Isn’t Janet Yellen’s Forte, but It’s What She’s In for Now

[Reuters] China weighs legal steps against 'diehard' supporters of Taiwan independence

[FT] New Zealand reimposes lending curbs over housing bubble fears

[FT] Departing ECB hawk draws red lines for fresh policy stimulus measures

Tuesday Evening Links

[Yahoo/Bloomberg] Stock Rally to Build in Asia After U.S. Records: Markets Wrap

[Reuters] Oil up, stocks rally to records as U.S. political uncertainty ebbs

[Reuters] Treasuries - Longer-term yields climb as investors embrace risk

[The Hill] Long lines form at food banks across country ahead of Thanksgiving

[Yahoo/Bloomberg] Mnuchin Plans to Put $455 Billion Beyond Yellen’s Easy Reach

[Yahoo/Bloomberg] California May Face Thanksgiving Power Outages to Prevent Fires

[Yahoo/Bloomberg] Buyout Titans Fire Up LBO Machine With $1.6 Trillion to Spend

[Reuters] Analysis: Brazil faces $112 billion refinancing cliff in early 2021

[NYT] Yellen Would Assume Vast Policy Portfolio as Treasury Secretary

Tuesday Afternoon Links

[Reuters] Risk assets rally to records as U.S. political uncertainty ebbs

[Reuters] Dow hits 30,000 on vaccine progress, Biden transition

[AP] Awaiting Yellen at Treasury: Yet another daunting crisis

[Reuters] U.S. consumer confidence slips; house prices surge 

[Yahoo/Bloomberg] Williams, Bullard Say Fed’s Bond-Buying Program Is Working Well