Tuesday, June 21, 2022

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Fall With Oil as Recession Fear Spreads: Markets Wrap

[Yahoo/Bloomberg] Shrinking Yield Gap Sends Asian Currencies to Multi-Year Lows

[Yahoo/Bloomberg] Crude Oil Buckles as Recession Angst Rattles Commodity Investors

[Yahoo/Bloomberg] Bitcoin Lingers Around $20,000 Again as Risk-Off Mood Returns

[CNBC] Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation

[Yahoo Finance] Fed's Harker: 'Starting to see some signs of demand softening'

[AP] Biden to call for 3-month suspension of gas and diesel taxes

[Reuters] U.S. tech companies yank job offers, leaving college grads scrambling

[CNBC] Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years

[Reuters] Extreme heat to test U.S. Midwest power grid this week

[AP] UK inflation rate hits new 40-year high of 9.1%

[Reuters] BOJ policymakers warned of economic harm from excess yen moves at April meet

[Yahoo/Bloomberg] China Vows More Pro-Growth Policies as Banks Urged to Step Up

[Yahoo/Bloomberg] China Premier’s Trip to Wheat Farm Shows Food, Inflation Worries

[MSN/Bloomberg] Constant Cycle of Restrictions Is China’s Covid Future

[Yahoo/Bloomberg] Russian Oil Is Reaching More Corners of China’s Refining Sector

[Reuters] Power consumption at records in China as Premier issues warning

[Bloomberg] Bearish Bets Are Dominating ETF Market Like 2008 All Over Again

[Bloomberg] The World’s Bubbliest Housing Markets Are Flashing Warning Signs

[Bloomberg] China’s Manufacturing Hub Raises Flood Alert to Highest Level

[WSJ] Leveraged Muni Funds Face Losses as Bond Rout Drags On

[WSJ] More Companies Start to Rescind Job Offers

[WSJ] Investors’ Housing Bets Are on Shaky Foundations

[WSJ] The Fire Burning Beneath Crypto’s Meltdown

[FT] Fed’s Jay Powell faces test of ‘unconditional’ resolve to tame inflation

[FT] US bond ETF trading hits record volumes ahead of Fed rate decision

[FT] Cryptocurrency fallout delivers sharp kick to decentralised finance dreams

Tuesday Evening Links

[Yahoo/Bloomberg] Stocks in Asia May Get Tailwind From US Rebound: Markets Wrap

[Yahoo/Bloomberg] Stocks Surge After $2 Trillion Wipeout; Bonds Fall: Markets Wrap

[Yahoo/Bloomberg] Yen Hits Fresh 24-Year Low as Investors Embrace Riskier Assets

[Reuters] Colombian peso, market down on leftist Gustavo Petro's presidential win

[AP] Fed’s Powell facing rising criticism for inflation missteps

[Yahoo/Bloomberg] Barkin Says Fed Should Normalize Policy ‘as Fast as Feasible’

[Reuters] Moscow fumes over Lithuania rail ban to Russian region

[Reuters] Lithuanians near Kaliningrad put faith in NATO after Russia's threats

[Reuters] Taiwan scrambles 29 jets to warn away Chinese planes in its air defence zone

[WSJ] America Faces a Housing Bust

Tuesday Afternoon Links

[Reuters] Tech and energy shares boost Wall St in bear market rally 

[Yahoo/Bloomberg] Oil Climbs as Strong Fuel Market Assuages Recession Worries

[Reuters] U.S. home sales slump further; median house price hits record high

[Reuters] Russia threatens Lithuania with 'consequences' over blocked rail to enclave

[Reuters] South China provinces raise alerts over historic flooding

[WSJ] U.S. Existing-Home Sale Prices Hit Record of $407,600 in May

[FT] Russia warns Lithuania of serious consequences over Kaliningrad rail ‘blockade’