Tuesday, July 12, 2022

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Sink as CPI Shocker Bolsters Fed Hike Bets: Markets Wrap

[Reuters] Euro falls below parity vs dollar for first time in two decades

[Yahoo/Bloomberg] Oil’s Volatile Week Rolls On After US Inflation Surges Again

[Yahoo/Bloomberg] US Inflation Accelerates to 9.1%, Once Again Exceeding Forecasts

[AP] US inflation reached a new 40-year high in June of 9.1%

[CNBC] Demand for big mortgages is shrinking as home prices moderate and expensive houses linger on the market

[Yahoo/Bloomberg] New Zealand Hikes Rate By Half-Point, Signals More Tightening

[Yahoo/Bloomberg] Bank of Korea Joins Jumbo Hikers as Inflation Fight Heats Up

[AP] US, allies aim to cap Russian oil prices to hinder invasion

[Politico] How Yellen plans to deplete Putin's war funds

[Reuters] China's exports bounce back, but global risks darken trade outlook

[AP] Sri Lankan president flees the country amid economic crisis

[Yahoo/Bloomberg] Chinese Homebuyers Across 22 Cities Refuse to Pay Mortgages

[Yahoo/Bloomberg] Heatwave in Southern China Strains Power Grid, Threatens Crops

[Reuters] Chinese cities break heat records, weather extremes to persist

[Reuters] U.S. Ronald Reagan carrier strike group operating in South China Sea

[Bloomberg] Venture Capitalists Face a Reckoning as Funding and Deals Slow

[Bloomberg] China’s Plunging Markets Flash Fresh Warning Signs on Economy

[WSJ] Hopes of Covid-19 Reprieve Fade as BA.5 Subvariant Takes Over

[FT] Inside Celsius: how one of crypto’s biggest lenders ground to a halt

Tuesday Evening Links

[CNBC] Stock futures are flat with all eyes on June’s inflation report 

[Yahoo/Bloomberg] Recession Angst Subdues Stocks, Deepens Oil Losses: Markets Wrap

[Yahoo/Bloomberg] Oil Extends Losses After Tumbling Below $100 on Demand Concerns

[Reuters] IMF again cuts U.S. 2022 growth forecast to 2.3% as consumer spending cools

Tuesday Afternoon Links

[Reuters] Wall Street tumbles at close as worries mount ahead of CPI report

[Reuters] U.S. CPI preview: Past the headline, into the core

[CNBC] Covid hospitalizations have doubled since May as omicron BA.5 sweeps U.S., but deaths remain low

[Reuters] Computer chips face toilet paper hoarding moment as shortage turns to glut

[Reuters] BoE faces ultimate test in battle against inflation, Bailey says

[Reuters] Brazil wants to buy as much diesel as it can from Russia, foreign minister says

[FT] Euro approaches dollar parity and government bonds rally