Wednesday, December 8, 2021

Thursday's News Links

[Yahoo/Bloomberg] U.S. Stocks Decline as Virus Concerns Resurface: Markets Wrap

[Reuters] Oil down on Omicron restrictions and China fears

[Yahoo/Bloomberg] China Signals its Discomfort Over Yuan Rally With Daily Fixing

[Yahoo/Bloomberg] Currency Volatility Surges Ahead of Big Week for Central Banks

[Yahoo/Bloomberg] Inflation Near 40-Year High Shocks Americans, Spooks Washington

[AP] US unemployment claims drop to 184,000, lowest since 1969

[Yahoo/Bloomberg] Fiscal Cliff Nears for U.S. Families as Pandemic Benefits Fade

[CNBC] Dead Roombas, stranded packages and delayed exams: How the AWS outage wreaked havoc across the U.S.

[Reuters] Italy fines Amazon record $1.3 bln for abuse of market dominance

[Reuters] Doctors weigh COVID-19 impact on children as vaccine drives ramp up

[Reuters] WHO's Tedros says Omicron coronavirus variant highlights "perilous situation"

[Yahoo/Bloomberg] Evergrande Declared in Default as Huge Restructuring Looms

[Yahoo/Bloomberg] China’s Credit Growth Rebounds After Slowing for Almost a Year

[Reuters] China's sky-high factory inflation slows amid price crackdown

[CNBC] China’s vegetable prices surge 30.6% in November as food costs soar

[Yahoo/Bloomberg] Evergrande Restructuring Leaves Bondholders at Mercy of Beijing

[Yahoo/Bloomberg] Evergrande Crisis to Be Dealt With by Market, PBOC’s Yi Says

[Yahoo/Bloomberg] Dollar Debt Default Declared Along With Kaisa: Evergrande Update

[Yahoo/Bloomberg] Kaisa Cut to Default After Missing $400 Million Bond Payment

[Reuters] Evergrande, Kaisa cut by Fitch to default after missed payment deadlines

[Yahoo/Bloomberg] Brazil Says World’s Boldest Rate-Hike Cycle Is Far From Over

[Yahoo/Bloomberg] Ukraine Raises Rates as Russian Invasion Threat Jolts Currency

[Reuters] Exclusive: U.S., Israel to discuss military drills for Iran scenario

[Bloomberg] RBA’s Harper Sees Economy Running Hot Without Runaway Inflation

[Bloomberg] Omicron Four Times More Transmissible Than Delta in New Study

[WSJ] The Cost of Rent Is Rising Fast. Here’s What Americans Can Do About It.

[WSJ] China’s Latest Challenge Is Engineering a Soft Landing for a Sputtering Economy

[WSJ] China Reopens a Funding Spigot for Property Developers

[FT] Emerging markets hit by abrupt slowdown in new foreign investment

[FT] El-Erian: Market volatility could portend a retreat of liquidity

[FT] Why Nord Stream 2 is at heart of US warnings to Putin over Ukrain

Wednesday Evening Links

[AP] Congressional leaders reach deal to hike debt limit

[CNBC] Powell’s fourth major shift raises questions about the Fed’s policy credibility

[CNBC] Covid cases more than doubled in South Africa last week as omicron variant spreads, WHO says

[AP] The AP Interview: CDC chief says omicron mostly mild so far

[Axios] Currency crisis hits hard in Turkey

[Bloomberg] Omicron Wave Sees South Africa’s Weekly Excess Deaths Almost Double

[Bloomberg] Two-Year Treasury Yields Erase Omicron Drop on Hawkish Fed Bets

[Bloomberg] Leveraged-Loan Market Sees Biggest Hiccup Since First Pandemic Wave

[Bloomberg] Bolstering Taiwan’s Defense Is ‘Urgent Task,’ U.S. Official Says

[WSJ] Workers Are Poised to Take Greater Slice of the Pie

[WSJ] Beijing Reins In China’s Central Bank

[FT] ECB executive Schnabel warns that QE is inflating asset prices

Wednesday Afternoon Links

[Reuters] Stocks, debt yields edge up as Omicron fears ease

[Reuters] European shares end lower as tech, luxury stocks lose ground

[Yahoo/Bloomberg] Oil Holds Near $72 After U.S. Crude Stocks Show Slight Dip

[Reuters] U.S. job openings jump to 11 million; fewer workers voluntarily quitting

[AP] COVID cases spike even as US reaches vaccine milestone

[Yahoo/Bloomberg] Bank of Canada Keeps Rate Unchanged, Warns of Elevated Inflation

[Yahoo/Bloomberg] BofA Says S&P 500 Real Earnings Yield is Lowest Since Harry Truman Was President

[AP] Report: Chinese hackers targeted Southeast Asian nations