Tuesday, December 15, 2020

Wednesday's News Links

[Reuters] Stocks hit record highs on vaccine, stimulus, Brexit deal hopes

[Yahoo/Bloomberg] Pound, Euro Rise to Multi-Year Highs on Brexit Hope, Weak Dollar

[CNBC] U.S. retail sales decrease more than expected in November

[CNBC] McConnell and Schumer say they hope to strike a Covid aid, funding deal ‘soon’ after leaders meet

[Reuters] U.S. Congressional leaders report progress in talks for fresh COVID-19 aid

[Reuters] Fed faces tricky act balancing impact of vaccines against economic pain

[Reuters] New coronavirus strain spreading in UK has key mutations, scientists say

[Yahoo/Bloomberg] Fishing Rights Are Now Major Last Hurdle, EU Says: Brexit Update

[Yahoo/Bloomberg] Australia to Challenge China at the WTO as Tensions Escalate

[Reuters] Euro zone economy exceeded expectations in Dec but still shrank -PMI

[Reuters] Massive first day IPO gains evoke 'bubble' risk in Asian capital markets

[Bloomberg] Fed Mulls Shift in Bond Buying Program: FOMC Decision-Day Guide

[Bloomberg] Alarm Bells for Both Bulls and Bears Signal Choppy U.S. Year-End

[Bloomberg] Chinese Clothing Giant Defaults on Second Domestic Yuan Bond

[NYT] Fed Closes Out Wild Year as All Eyes Focus on Bond-Buying Program

[WSJ] December Fed Meeting to Focus on Asset Purchases

[FT] Spectre of inflation flare-up threatens historic bond rally

Tuesday Evening Links

[Yahoo/Bloomberg] Asia Stocks to Climb as U.S. Rallies Before Fed: Markets Wrap

[Yahoo/Bloomberg] U.S. Stocks Climb, Bonds Fall on Stimulus Bets: Markets Wrap

[AP] Hopeful sign: Midwestern states see drop in new virus cases

[CNBC] Congressional leaders to meet for second session amid rush to strike Covid relief, funding deal

[CNBC] The Fed could disappoint markets Wednesday, even if it keeps a super dovish tone

[Reuters] China, Japan cut U.S. Treasury holdings in October - data

[Yahoo/Bloomberg] China Eyes Economic Goals for Next Year as Debt Levels Soar

[Yahoo/Bloomberg] Vanguard Makes History With the First $1 Trillion Equity Fund

[Yahoo/Bloomberg] Fannie, Freddie Slump as Mnuchin Rules Out Freeing Companies

[Yahoo/Bloomberg] Illinois Plans to Cut More Than $700 Million from Budget

[FT] EU warns that it may break up Big Tech companies

Tuesday Afternoon Links

[Yahoo/Bloomberg]  U.S. Stocks Rise on Aid-Deal Bets; Treasuries Drop: Markets Wrap

[Yahoo/Bloomberg] Gold Climbs on U.S. Stimulus Outlook, Fed Bets, Virus Lockdowns

[Reuters] Treasuries - Longer-term yields rise as investors watch Washington

[CNBC] Congressional leaders to meet on Covid relief and government funding as deadlines loom

[CNBC] Covid live updates: NYE in Times Square closed to the public; FDA releases data on Moderna vaccine side effects

[Reuters] Majority of small U.S. businesses see worst coronavirus impact still ahead -poll

[Bloomberg] Cities Save Hotels, Arenas From Bond Defaults After Pandemic Hit

[WSJ] Tech Giants Face New Rules in Europe, Backed by Huge Fines

[FT] Fed joins central bankers backing Paris climate goals