Wednesday, January 12, 2022

Thursday's News Links

[Yahoo/Bloomberg] U.S. Equities Rise as Dollar Extends Slump: Markets Wrap

[Yahoo/Bloomberg] Oil Steadies After Tightening Market Spurs Robust New Year Rally

[AP] Wholesale prices jumped 9.7% , setting record for 2021

[Yahoo Finance] Jobless claims: Another 230,000 Americans filed new claims last week

[Yahoo/Bloomberg] Fed’s Daly, Harker Join Calls for Rate Liftoff as Early as March

[AP] China faces omicron test weeks ahead of Beijing Olympics

[Reuters] China's Tianjin outbreak grows as Omicron spreads to Dalian

[Yahoo/Bloomberg] Country Garden Selloff Shows Chinese Developer Worries Spreading

[Yahoo/Bloomberg] Holders Back Yuan Note Payment Delay; CG Bond: Evergrande Update

[Yahoo/Bloomberg] China Banks Curb Property Loans to Local Government Firms

[CNBC] China’s zero-Covid strategy hurts consumer spending more than manufacturing 

[Yahoo/Bloomberg] Shipping Congestion Is Growing at World’s Biggest Port

[AP] Explainer: How Europe is trying to deal with its gas crisis

[Reuters] Russia says talks on Ukraine crisis at "dead end", threatens action

[Reuters] Europe at greatest risk of war in 30 years, Poland warns

[Bloomberg] China Finds Omicron in Another Port City, Further Threatening Supply Chains

[Bloomberg] Shipping Congestion Is Growing at World’s Biggest Port

[Bloomberg] Chinese Developers’ Short-Sighted Games Are Backfiring

[WSJ] Inflation Surge Is on Many Executives’ List of 2022 Worries

[WSJ] Supermarkets Cut Hours, Services as Omicron Infects Workers

[WSJ] China Looks to Secure Supplies as Strains With U.S. and Its Allies Grow

[WSJ] Shopping, Planes and Khlo√© Kardashian: How Private Debt Helps Power the Global Economy

[FT] Fed official open to more than three US rate rises this year

[FT] A major failure’: Fed under fire for handling of trading scandal

[FT] Security talks with US and Nato ‘unsuccessful’, says Kremlin

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks Seen Steady; Dollar Sinks After CPI: Markets Wrap

[Yahoo/Bloomberg] Stocks Climb While Dollar Slides Most Since May: Markets Wrap

[CNBC] Natural gas surges 14% as cold snap ahead is expected to boost demand

[CNBC] WHO says omicron cases are ‘off the charts’ as global infections set new records

[CNN] Here's why grocery stores are struggling to stock their empty shelves

[Yahoo/Bloomberg] Fed Says Economic Optimism Showing Signs of Cooling in Places

[CNBC] Omicron disrupts transit, emergency services as workers call out sick: ‘Most people are going to get Covid’

[Yahoo/Bloomberg] ‘Don’t Fight the Fed’: High-Grade Debt Buyers Turn More Cautious

[Yahoo/Bloomberg] Fed’s Brainard Says Inflation Is Too High and Curbing It Is a Top Task

[Yahoo/Bloomberg] U.S. Inflation Data Spike Finally Spurs an FX Trader Awakening

[Yahoo/Bloomberg] As NFT sales top $4 billion, what's in store for 2022?

[Bloomberg] As Delta Retreats Experts Warn Darker Days Lie Ahead for Hospitals

[Bloomberg] China Faces Mounting Economic Damage From Its Covid-Zero Policy

[Bloomberg] China’s True Unemployment Pain Masked by Official Numbers

[NYT] Housing costs swell, hampering home buyers and pushing up rents.

[FT] Fed's Bullard: Four Interest Rate Rises in 2022 Now Appear Likely

[FT] Lael Brainard says fighting inflation is Fed’s ‘most important task’

Wednesday Afternoon Links

[Reuters] Stocks edge up as inflation data dims policy risk, oil jumps

[Reuters] Oil rally to continue in 2022 as demand outstrips supply, analysts say

[Yahoo/Bloomberg] Mester Says Shrink Fed Balance Sheet Fast But Don’t Roil Markets

[Yahoo/Bloomberg] Metals Traders Are Bracing for the Next Big Supply Squeeze

[Reuters] Lula holds big lead in Brazil as voters worry about inflation, COVID-19

[Bloomberg] The ‘Mother of All’ Supply Shocks Lurks in China’s Covid Crackdowns

[Bloomberg] How Xi Is Ensuring China's 2022 Party Congress Will Be a Landmark

[NYT] Consumer prices popped again in December, casting a shadow over the economy.

[NYT] Supply chain snags continued to drive up prices in December.

[WSJ] Omicron Puts China’s Zero-Covid Strategy to Its Toughest Test