Tuesday, July 20, 2021

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Mixed With Earnings in Focus; Dollar Gains: Markets Wrap

[Yahoo/Bloomberg] Treasury Rally Pauses for Breath as Short Positions Unwind

[Yahoo/Bloomberg] Oil Rises With Strength in Equities Countering Higher Stockpiles

[Reuters] U.S. mortgage applications decline in latest week as rates steadily rise -MBA

[Yahoo/Bloomberg] Debt Ceiling Debacle Threatens Fireworks in U.S. Money Market

[Reuters] Bubbles, bubbles everywhere: Jeremy Grantham on the bust ahead

[Yahoo/Bloomberg] Four of Hong Kong’s Top Banks Halt Some Evergrande Mortgages

[CNBC] As China’s debt risks grow, here are 3 warning signs to watch

[CNBC] WHO chief warns that the world is going into the ‘early stages of another wave’

[Reuters] Central Chinese province swamped after heaviest rain in 1,000 years

[AP] Japanese envoy says Tokyo ‘struggles every day’ with China

[AP] Hong Kong police arrest former Apple Daily senior editor

[Bloomberg] Evergrande Bonds Pledged at 53% Discount in China Funding Market

[Bloomberg] Evergrande’s Boss Needs a Lot of New Friends

[Bloomberg] ECB Set to Rewrite Stimulus Pledge After Raising Inflation Goal

[WSJ] Fed Chair Powell Enjoys Support for Reappointment, but He’s Not a Lock

[FT] US housing inflation: the sleeping giant that might tip the Fed’s hand

[FT] Markets haven’t even begun to reflect China-US decoupling risks

[FT] South-east Asia’s Covid surge poses latest blow to global chip supply

[FT] China is pushing Japan to take on a growing military role in Indo-Pacific

Tuesday Evening Links

[Yahoo/Bloomberg] Asian Stocks Track U.S. Rally as Traders Buy Dip: Markets Wrap

[Reuters] U.S. infrastructure deal teeters after Republicans reject IRS funding

[Reuters] Delta variant behind more than 80% of U.S. cases, Fauci says

[Reuters] Japan June exports jump 48.6% year/year - MOF

[Reuters] Local currency Chinese bond market could attract $400 bln a year - IIF

[Reuters] Heavy rainfall kills 12 in China's Henan province, risk of dam collapse

[NYT] Low-Wage Workers Now Have Options, Which Could Mean a Raise

Tuesday Afternoon Links

[Reuters] Wall Street reverses sell-off despite COVID variant concerns 

[Yahoo/Bloomberg] Stock Traders Buy the Dip as Cyclicals Drive Rally: Markets Wrap

[Reuters] Corporate bond credit spreads widen as investors shun risk

[Reuters] U.S. dollar advances to three-month high in safety move

[Reuters] U.S. housing starts accelerate, building permits skid to eight-month low

[CNN] More infectious Delta variant makes up 83% of new US coronavirus cases as vaccine hesitancy persists

[CNBC] Dr. Scott Gottlieb says U.S. is ‘vastly underestimating’ level of Covid delta spread

[Yahoo Finance] Delta variant: ‘A perfect storm is brewing’ in certain parts America, health official explains

[Bloomberg] Schumer Heads for Infrastructure Vote Defeat as Talks Drag