Tuesday, July 13, 2021

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Gain as Earnings Roll In; Treasuries Rise: Markets Wrap

[Reuters] Dollar hits three-month high vs euro, stocks slip on inflation fears

[AP] Inflation at wholesale level increases 1.0% in June

[Reuters] U.S. producer prices surge more than expected in June

[Yahoo/Bloomberg] Powell Says Achieving ‘Substantial Further Progress’ a Ways Off

[Yahoo/Bloomberg] Yellen, Powell to Discuss Financial Risks of Hot Housing Market

[CNBC] Weekly mortgage refinances spike 20% after interest rates drop to February low

[Reuters] U.S. Senate Democrats agree to $3.5 trln for budget reconciliation bill

[Yahoo/Bloomberg] China Traders to Scrutinize Maturing Mega Loan for Policy Clues

[Yahoo/Bloomberg] China Slams ‘Sinister’ U.S. Over Hong Kong, Digital Trade Deal

[AP] US COVID-19 cases rising again, doubling over three weeks

[CNBC] Hospitalizations rising again as delta variant spreads among the unvaccinated, doctors say

[Yahoo/Bloomberg] New Zealand Will End QE in Possible Prelude to Rate Hike

[Reuters] S.Korea tightens COVID curbs across most of country after daily cases hit record

[Yahoo/Bloomberg] Food Shortages Set to Grip South Africa After Rioters Rampage

[Bloomberg] Inflation Is Now an Undeniable Reality: Authers’ Indicators

[Bloomberg] ECB Poised to Take Next Step in Revolutionizing Euro-Zone Money

[Bloomberg] Chinese State Media Blasts U.S. Plan for Digital Trade Deal

[Bloomberg] How the Rising Cost of Food Is Sweeping Around the World

[WSJ] Lumber Prices Are Way Down—But Don’t Expect New Houses to Cost Less

[FT] Jay Powell says Fed ready to intervene if US inflation spirals out of control

[FT] Taper tensions: Jay Powell under pressure as US inflation surges

[FT] BlackRock assets under management swell to record $9.5tn

[FT] Global investors’ exposure to Chinese assets surges to $800bn

Tuesday Evening Links

[Yahoo/Bloomberg] Stocks, Bonds Fall as Inflation Debate Intensifies: Markets Wrap 

[Reuters] Oil rises nearly 2% as investors size up tight market

[AP] US deficit for current budget year climbs to $2.24 trillion

[Reuters] Analysis: Investors pivot to Powell after more hot U.S. inflation data

[CNBC] Surging prices for used cars, gasoline, food and airfares are driving the jump in inflation

[Reuters] U.S. June budget deficit falls to $174 billion

[Reuters] U.S. ramps up warnings of business risks in China's Xinjiang region

[Reuters] Faced with rare protests, Cuba curbs social media access, watchdog says

[Bloomberg] Fed’s Daly Says Inflation Temporary, Taper May Start by Year-End

[NYT] Prices Pop Again, Putting Fed and White House on Defensive

[FT] Pace of US inflation picks up again in test for Fed