Tuesday, December 1, 2020

Wednesday's News Links

[Yahoo/Bloomberg] U.S. Stocks Dip; Pound Slides on Brexit Angst: Markets Wrap

[Reuters] Dollar clambers off two-and-a-half-year low, risk currencies take breather

[Reuters] U.S. private payrolls miss expectations in November: ADP

[CNBC] Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high

[AP] ‘Very dark couple of weeks’: Morgues and hospitals overflow

[Reuters] Biden says will not kill Phase 1 trade deal with China immediately: NYT

[Yahoo/Bloomberg] Treasury Yield Spike Risks Sparking Domino Effect in Markets

[Reuters] House seen backing bill that could block Chinese firms from U.S. securities markets

[Reuters] Evergrande Property falls on HK debut as debt, competition worries weigh

[Reuters] Backing Australia, U.S. State Dept says China hit 'new low' with doctored image

[Yahoo/Bloomberg] U.S. Urged to Do More Against Rising Threat of Assertive China

[AP] UN: Warmer world in 2020 busted weather records, hurt people

[WSJ] Partisan Fight Over Fed Lending Programs Escalates

[WSJ] Bets on More Fed Bond-Buying Help Contain Treasury Yields

Tuesday Evening Links

[Reuters] Treasuries - Yields surge as lawmakers float bipartisan economic relief proposal 

[Yahoo/Bloomberg] Asian Stocks Set for Gains as U.S. Hits Fresh High: Markets Wrap

[Reuters] Global equity markets jump, bonds dip, on hopes of vaccine-led recovery

[Yahoo/Bloomberg] Pelosi, McConnell Offer New Stimulus Plans as Rebound Slows

[Reuters] U.S. Senate leader McConnell urges new COVID-19 aid in broad funding bill

[Reuters] Treasury nominee Yellen warns of 'self-reinforcing' U.S. downturn, vows to aid needy

[CNBC] Coronavirus live updates: U.S. vaccine chief sets immunization timeline as hospitals prep for distribution

[Yahoo/Bloomberg] Fed Economists Warn of Debt Overhang Problem From Covid Crisis

[Yahoo/Bloomberg] California City That Sold Pension Debt Now at Fiscal Brink

[Yahoo/Bloomberg] Ray Dalio Eyes Class Struggle as He Ponders U.S. Tipping Point

[Bloomberg] China Default Fears Curb Year-End Sales of New Dollar Bonds

[WSJ] Biden’s Economic Team Charts a New Course for Globalization, With Trumpian Undertones

[FT] Janet Yellen calls for action to prevent US economic ‘devastation’

[FT] US inflation expectations hit 18-month high on vaccine hopes

[FT] China rating agencies stand by SOEs despite default spree

Tuesday Afternoon Links

[Reuters] U.S. stimulus headlines give euro govt bonds worst day in 3 weeks

[Reuters] S&P 500, Nasdaq start December at peak on vaccine optimism

[CNBC] Lawmakers unveil bipartisan $900 billion coronavirus stimulus package as stalemate drags on

[Yahoo/Bloomberg] U.S. Factory Gauge Eases From Two-Year High as Employment Cools

[Reuters] U.S. congressional hearing likely to spotlight Powell, Mnuchin split over pandemic lending

[FT] China’s move on Ant makes the fight on Big Tech global