Tuesday, June 22, 2021

Wednesday's News Links

[Yahoo/Bloomberg] U.S. Stocks Steady; Oil Gains: Markets Wrap

[Reuters] Cyclical currencies lead after dust settles on Fed

[Yahoo/Bloomberg] Oil Climbs Above $73 With Report Pointing to Falling Stockpiles

[Reuters] Gold firms as Powell dials back rate hike rhetoric

[Reuters] U.S. factory activity index rises to record high in June - Markit

[Reuters] Manufacturers have an answer to higher costs: Pass them on

[Yahoo/Bloomberg] U.S. Restaurants Boost Menu Prices at Fast Clip to Recoup Costs

[CNBC] Weekly mortgage refinance demand jumps as some fear end of super-low rates is near

[Reuters] Bostic: Fed should avoid 'prematurely' declaring win in jobs battle

[AP] From Biden to Congress, Big Tech is under mounting pressure

[Yahoo/Bloomberg] California’s Drought Is So Bad That Almond Farmers Are Ripping Out Trees

[Yahoo/Bloomberg] MMT Makes Inroads in China With Calls for Bigger Fiscal Stimulus

[Yahoo/Bloomberg] Czechs Lift Rates to Start Campaign Against Inflation Threat

[Reuters] China condemns latest U.S. warship transit of Taiwan Strait

[Reuters] Russia says it fires warning shots at British destroyer near Crimea, UK denies it

[Reuters] Hong Kong pro-democracy paper Apple Daily to print last edition on Thursday

[Bloomberg] Europe’s Economy Is Booming as Nations Cast Off Crisis Shackles

[Bloomberg] China Tests Metals Bulls With First Release of State Stockpiles

[Bloomberg] The SPAC Man Method: Inside the Billionaire Rush for Riches

[NYT] No End to Whiplash in Meme Stocks, Crypto and More

[WSJ] Fed’s Powell Plays Down Inflation Threat

[WSJ] Central-Bank Tapering Is Coming, and the Market Never Gets It Right

[WSJ] The Bonds That Cried Major Default Risk

[WSJ] Melting Arctic Ice Pits Russia Against U.S. and China for Control of New Shipping Route

[FT] Fed leadership tries to steady policy message after market gyrations

[FT] Downward spiral in liquidity is leading to more market shocks

[FT] Covid Delta strain risks spreading ‘like wildfire’ among unvaccinated in US

[FT] UK inflationary pressures hit record highs as economic activity rebounds

[FT] Central banks step up fight against cryptocurrencies

Tuesday Evening Links

[Yahoo/Bloomberg] Asia Eyes Steady Start on Soothing Fed Comments: Markets Wrap

[Reuters] Tech leads way to Wall Street rebound as Powell promises steady hand

[Yahoo/Bloomberg] Oil Pares Losses as Industry Report Shows Falling U.S. Supplies

[Reuters] Fed will not raise rates on inflation fears alone, Powell says

[Reuters] Fed's Powell sticks to transient inflation scenario on Capitol Hill

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks Rebound Amid Thin Trading Before Powell: Markets Wrap 

[Reuters] Oil dips after hitting $75 a barrel on strong demand outlook

[Reuters] Record-high U.S. house prices, tight supply hold back sales

[Reuters] Fed's Mester says framework needs to be more explicit on financial stability

[Yahoo/Bloomberg] Williams Says Fed’s Rate Liftoff Still Way Off in the Future

[Yahoo/Bloomberg] IMF Board to Discuss $650 Billion Reserves-Creation Plan Friday

[Yahoo/Bloomberg] California Faces New Round of Record-Breaking Heat This Weekend