Wednesday, May 4, 2022

Thursday's News Links

[AP] Ukraine repels Russian attacks; Mariupol plant battle rages

[AP] Russian strikes try to disrupt delivery of Western weapons

[MSN/NYT] U.S. Intelligence Is Helping Ukraine Kill Russian Generals, Officials Say

[Reuters] U.S. intelligence helping Ukraine kill Russian generals -NY Times 

[Yahoo/Bloomberg] Nasdaq 100 Plunges 4% as Treasury Yields Surge: Markets Wrap

[Yahoo/Bloomberg] Oil Pares Gains Ahead of OPEC+ Talks as EU Plans Russian Ban

[Yahoo/Bloomberg] OPEC+ Sticks to Small Supply Hike as EU Eyes Russia Oil Ban

[Yahoo/Bloomberg] China Stocks’ Weak Return From Break Highlights Growth Concerns

[Yahoo/Bloomberg] Inflation Fears Hit Emerging Asia Bonds as Rate-Hike Bets Build

[Yahoo/Bloomberg] Wheat Returns Above $11 on Weather Woes, Potential India Curbs

[Yahoo/Bloomberg] Bond Turbulence Far From Over as Inflation Fears Haunt Fed Path

[CNBC] Worker output fell 7.5% in the first quarter, the biggest decline since 1947

[Reuters] U.S. weekly jobless claims increase; layoffs creep up in April

[Reuters] Bank of England raises rates to 1% despite looming recession risk

[Yahoo/Bloomberg] BOE Sees Risk of U.K. Recession With Inflation Above 10%

[Reuters] China's services activity falls at second sharpest rate on record - Caixin PMI

[Reuters] COVID-hit Beijing returns to work after subdued Labour Day break

[Reuters] Explainer: Disconnecting Russia's banks: Sberbank faces SWIFT removal

[Reuters] Sweden says it received U.S. security assurances if it hands in NATO application

[Reuters] Anti-Americanism is blinding Chinese policy

[Reuters] Turkey's inflation surges to 70%, putting Erdogan in bind

[Yahoo/Bloomberg] German Factory Orders Plummet as War Weighs on Manufacturers

[Reuters] Brazil's Lula says Zelenskiy 'as responsible as Putin' for Ukraine war

[CNN] New Mexico wildfires: Biden declares a major disaster as wildfires threaten thousands of homes

[Yahoo/Bloomberg] A 115-Degree Heat Wave Is Making India’s Power Crisis Worse

[Reuters] Omicron as severe as previous COVID variants, large study finds

[NYT] U.S. Intelligence Is Helping Ukraine Kill Russian Generals, Officials Say

[WSJ] Russia Steps Up Attacks on Ukraine Railways, Other Infrastructure

[FT] Investors detect dovish undertones to Powell’s campaign against inflation

[FT] Bank of England warns of UK recession this year as it lifts interest rate

[FT] China’s zero-Covid stance is a warning to investors

Wednesday Evening Links

[Yahoo/Bloomberg] Fed Traders Pare Bets on Bigger June Hike After Powell Pushback

[Yahoo/Bloomberg] Powell’s Answer on Supply Chains Hints at Changing Jobs Analysis

[Yahoo/Bloomberg] Powell Gives Tech a Lift by Taking Larger Hikes off the Table

[AP] How higher Fed rates stand to affect Americans’ finances

[Yahoo/Bloomberg] Ukraine Latest: Russian Troops Bogged Down, Pentagon Says

[CNN] Russia's attacks on Ukraine's supply lines are intensifying. Ukraine's national railway hasn't buckled

[AP] AP evidence points to 600 dead in Mariupol theater airstrike

[WSJ] American Consumers Are Shopping, Traveling and Working Out Like It’s 2019

Wednesday Afternoon Links

[Reuters] Fed's Powell: 75 basis point rate hike not being 'actively considered'

[Yahoo/Bloomberg] Fed Hikes Rates Half-Point as Powell Signals Similar Moves Ahead

[CNBC] Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation

[Yahoo/Bloomberg] Stocks Rally as Powell Quells Fear of Bigger Hikes: Markets Wrap

[AP] Russia pounds Ukraine, targeting supply of Western arms

[Yahoo/Bloomberg] Ukraine Latest: U.S. Spells Out Its Weapons Training in Germany

[Yahoo/Bloomberg] Oil Jumps the Most in Three Weeks as EU Plans Strictest Ban Yet

[Yahoo/Bloomberg] U.S. Services Growth Eases on Softer Employment, New Orders

[Reuters] U.S. service sector slows; input prices measure at record high - ISM survey

[Reuters] Inflation pushing more borrowers with low FICO scores to default -study

[Reuters] Swiss preparing for possible 'severe' electricity and gas shortages

[Reuters] Analysis: Consumer boom nearly over as Central Europe heads into "decade of peril"

[Yahoo/Bloomberg] World Hunger ‘Exploding’ After 25% Spike Before Ukraine War

Wednesday's News Links

[Reuters] EU targets Russian oil, banks as Moscow's ally Belarus stages army drills

[Yahoo/Bloomberg] Ukraine Latest: EU Plans Oil Ban as Putin Seeks to Cement Gains

[Reuters] Russia warns NATO: transport carrying weapons in Ukraine is a 'target'

[Reuters] EU proposes Russian oil ban to make Putin 'pay high price' for Ukraine

[Reuters] Russian strikes pound Ukraine on eve of new EU sanctions

[Yahoo/Bloomberg] Bonds Drop, Stocks Rise as Fed Hike Looms: Markets Wrap

[Yahoo/Bloomberg] Oil Rallies as EU Proposes Phasing Out Russian Supply This Year

[Yahoo/Bloomberg] U.S. Trade Deficit Swells to Record as Goods Imports Surge

[Yahoo Finance] Private payrolls rose by 247,000 in April, missing expectations

[CNBC] Weekly mortgage demand rose for the first time since early March last week, but it won’t last

[Yahoo/Bloomberg] Steak Prices Will Keep Rising, Major U.S. Meatpacker Says

[Reuters] China's PBOC pledges policy support to counter pandemic woes

[Reuters] Beijing steps up COVID curbs as virus spreads in China

[Yahoo/Bloomberg] Junk Bond Exit Quickens, Property Stocks Fall: Evergrande Update

[Yahoo/Bloomberg] China’s Big Pledges Set to Test Covid-Weary Markets in Reopening

[Yahoo/Bloomberg] Toronto Home Prices Drop Most in Two Years as Rates Slam Market

[Yahoo/Bloomberg] Russian Oil Embargo Risks More Inflation Trouble for Europe

[Yahoo/Bloomberg] U.K. Companies’ Borrowing Costs Surge Past Covid-19 Pandemic Peak

[MSN/NYT] Sensing a Stalled Russia, West Adds Support and Arms for Ukraine

[Reuters] U.S. takes unprecedented steps to replenish Colorado River's Lake Powell

[Yahoo/Bloomberg] Tech Leads Stock Losses as Yields Climb Before Fed: Markets Wrap

[Yahoo/Bloomberg] India Mulls Wheat Export Curbs in Latest Food Supply Squeeze

[Bloomberg] U.S. Services Growth Eases on Softer Employment, New Orders

[Bloomberg] Shanghai Lockdown Exit Delayed by Stubborn Community Spread

[WSJ] Shanghai Lockdown Reignites Supply-Chain Problems for U.S. Companies

[WSJ] Why Surging Natural-Gas Prices Haven’t Sparked a Drilling Boom

[FT] Fed expected to deploy first half-point interest rate rise since 2000

[FT] Distressed debt levels double in US corporate bond market

[FT] Sharp fall in retail sales adds to eurozone economic gloom

[FT] ECB policy tightening sends eurozone borrowing costs soaring

[FT] A Minsky moment for venture capital?

[FT] China lockdowns erode multinationals’ revenues

[FT] Tiger is suffering one of the biggest hedge fund drawdowns in history

[FT] India expands coal mining to beat power crunch as heatwave blazes