Thursday, July 21, 2022

Friday's News Links

[Yahoo/Bloomberg] US Stocks Slip Amid Mixed Earnings; Bonds Climb: Markets Wrap

[Yahoo/Bloomberg] Crude Fluctuates Amid Soft European Economic Data

[Yahoo/Bloomberg] German Two-Year Yields Plunge, Set for Biggest Drop Since 2008

[Yahoo/Bloomberg] Powell Seen Slowing Fed’s Hikes After 75 Basis Points Next Week

[CNBC] CEOs say they are raising prices, cutting costs as inflation dominates post-earnings conversations

[Reuters] U.S. equity funds post biggest weekly outflow in five weeks

[Reuters] Global equity funds see biggest weekly outflow in five weeks

[AP] Reduced to a trickle, river managers brace for more drying

[Yahoo/Bloomberg] Euro-Zone Activity Is Suddenly Shrinking in Recession Omen

[Reuters] China's largest policy bank disbursed $27 bln loans for infrastructure stimulus

[Reuters] China reports 1,011 new COVID cases for July 21 vs 943 day earlier

[Yahoo/Bloomberg] Capital Outflows From China Sovereign Bonds Just Hit $30 Billion

[Reuters] Heatwaves to hit China from east to west as almanac's 'big heat' day looms

[Yahoo/Bloomberg] Exodus of Japanese Funds From Foreign Bonds Extends to Record

[Yahoo/Bloomberg] Russia Cuts Rates Below Pre-War Level in Surprise Jumbo Move

[Bloomberg] Traders Are Hedging Risk Italy Leaves Euro After Draghi Resigns

[NYT] A Recession Alarm Is Ringing on Wall Street

[WSJ] Blackstone Posts Loss as Market Turmoil Hits Private-Equity Portfolio

[WSJ] Inflation Hits Big Insurers’ Profits

[WSJ] Paradise, the Wildfire-Ravaged California Town, Warns of Municipal Bond Default

[FT] Bair: The Fed must emulate the tactics of Volcker’s fight against inflation

[FT] ‘Draghi walked into a trap’: leader’s ultimatum shatters Italy’s stability

Thursday Evening Links

[CNBC] Nasdaq futures slide as Snap results weigh on technology stocks

[Reuters] Heat wave set to sear U.S. East Coast, South for third day

[Yahoo/Bloomberg] Bond Traders Hunt for the Trigger of the ECB’s Anti-Crisis Tool

[Reuters] Deal to resume Ukraine Black Sea grain exports to be signed Friday, Turkey says

[Yahoo/Bloomberg] Japan’s Inflation Picks Up Speed to Keep Pressure on BOJ

[Reuters] Japan's inflation stays above BOJ's target for 3rd straight month

[Yahoo/Bloomberg] Goldman Sachs Doubts Intervention on Euro, But Action on Yen Possible

[FT] Italy president calls snap elections after Draghi quits as PM

[FT] Italian bonds sell off after Draghi resigns and ECB boosts rates

[FT] Big tech hits the pause button on hiring