Wednesday, July 27, 2022

Thursday's News Links

[Yahoo/Bloomberg] Stocks Hover Near Session Highs as Yields Tumble: Markets Wrap

[Yahoo/Bloomberg] Yen Roars Back as Hedge Funds Cut and Run From Big Macro Short

[Yahoo/Bloomberg] Oil Extends Gains With Support From Fed and Demand Outlook

[Yahoo/Bloomberg] Soybeans in Longest Run of Gains Since May; Wheat, Corn Rise

[CNBC] GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

[Yahoo/Bloomberg] US Economy Shrinks for a Second Quarter, Raising Recession Odds

[MarketWatch] U.S. jobless claims retreat after hitting highest level in eight months

[Yahoo/Bloomberg] Wall Street Banks Are Divided Over Size of Fed’s Next Rate Hike

[AP] US not yet in recession and 4 other takeaways from the Fed

[Reuters] Fed jacks rates again, Powell vows no surrender in inflation battle

[Yahoo/Bloomberg] Ukraine Latest: US Eyes Prisoner Swap; UK Warns on Gas Costs

[Reuters] Russia captures power station, redeploys troops toward southern Ukraine

[Yahoo/Bloomberg] China’s Politburo Signals No Big Stimulus Despite Slowdown

[Yahoo/Bloomberg] China Decouples Further From US as Benchmark Rate Trails Fed

[Yahoo/Bloomberg] China Banks Rush to Raise Record Debt as Credit Losses Mount

[Reuters] German inflation rises unexpectedly after fall in Russian gas supply

[Yahoo/Bloomberg] Euro-Area Confidence Hits Weakest in 17 Months on Recession Fear

[Yahoo/Bloomberg] Turkish Inflation Crisis Rages But Central Banker Isn’t Blinking

[Reuters] Biden looks to tamp down Taiwan tension during China Xi call

[Reuters] U.S. carrier strike group returns to South China Sea amid Taiwan tensions

[AP] Kim threatens to use nukes amid tensions with US, S. Korea

[AP] Hidden Menace: Massive Methane Leaks Speed Up Climate Change

[Reuters] Former Republicans and Democrats form new third U.S. political party

[Bloomberg] Powell Signals More Hikes Coming, While Markets Detect Pivot

[NYT] They Flocked to China for Boom Times. Now They’re Thinking Twice.

[WSJ] How the Fed Could Lose Its Nerve

[FT] Fed’s Jay Powell calls time on running commentary for rate rises

[FT] China’s central bank seeks to mobilise $148bn bailout for developers

[FT] Trouble is coming for emerging markets beyond Sri Lanka