Wednesday, August 24, 2022

Thursday's News Links

[Yahoo/Bloomberg] Stocks Rise as China Lifts Mood Ahead of Powell: Markets Wrap

[Yahoo/Bloomberg] Oil Holds Gains With Signs Pointing to Tightening Global Market

[Yahoo/Bloomberg] Gold Rises as Traders Await Key Speech by Powell for Rate Clues

[Yahoo/Bloomberg[ Fed Policy Revamp Turns Two in Jackson Hole. It’s Not Aged Well

[Reuters] Fed's Powell leaves kid gloves behind as he saddles up for Jackson Hole

[Yahoo/Bloomberg] Fed’s George Says It Has to Get Rates Higher to Slow Down Demand

[Reuters] Fed's George: Too soon to predict size of Sept hike

[Dow Jones] Jobless claims fall to one-month low of 243,000 — no sign of surging layoffs

[Dow Jones] U.S. house values fell for the first time since 2012, Zillow says. Sellers and buyers are facing a very different housing market to 2020.

[Yahoo/Bloomberg] Biden’s Student-Loan Relief Adds New Wrinkle to Inflation Debate

[Reuters] More U.S. lawmakers set to visit Taiwan, defying angry Beijing

[Yahoo/Bloomberg] China Starts Stealth Fightback Against Powell’s Strong Dollar

[Yahoo/Bloomberg] China Adds 1 Trillion Yuan More of Stimulus to Rescue Growth

[Reuters] China to promote fiscal, monetary policies to support job stabilisation

[Reuters] Exclusive: Some Chinese financiers cold shoulder Beijing's property rescue call

[Reuters] China's Chongqing extends power curbs as drought drags on

[Reuters] BOJ policymaker vows to keep ultra-low rates, warns of economic risks

[Reuters] ECB accounts show inflation concerns intensifying

[Yahoo/Bloomberg] French Power Hits Record as Nuclear Halts Deepen Europe’s Crisis

[Reuters] Factbox: Europe's aluminium smelters cut output as power crunch intensifies

[MSN/WP] Threat of nuclear catastrophe in Ukraine adds to global energy chaos

[NBC] Putin orders increase to size of Russian armed forces

[Bloomberg] Key US Growth Measures Diverge, Complicating Recession Debate

[Bloomberg] Rhine Water Level Set to Fall Again at Key German Chokepoint

[NYT] How China Could Choke Taiwan

[WSJ] Pension Funds Are Selling Their Office Buildings

[FT] Jay Powell faces tough crowd in Jackson Hole after inflation errors

[FT] China unveils $44bn in new support to bolster battered economy

[FT] Hedge funds build biggest bet against Italian debt since 2008

Wednesday Evening Links

[Reuters] Wall Street ends higher, with all eyes on Jackson Hole

[Reuters] U.S. bond yields, dollar turn the screw on Asia 

[Reuters] Hedge funds suffer big outflows in Q2 - data

[Bloomberg] Lockstep Markets Primed for All-or-Nothing Sweepstakes on Powell

[Bloomberg] China's Water Crisis Is Three Crises in One

[WSJ] Jerome Powell’s Dilemma: What if the Drivers of Inflation Are Here to Stay?

[WSJ] Over 2 Million Americans Aren’t Working Due to Long Covid

[WSJ] Emerging Markets Burn Through Currency Reserves as Crisis Risks Grow

[WSJ] Chinese Developers Lean on Government Bond Guarantees as Doubts Persist

[WSJ] China Rolls Out Aid to Help Power Firms and Save Rice Harvest

Wednesday Afternoon Links

[CNBC] Stocks rise following three-day slide for Dow, S&P 500 

[Yahoo/Bloomberg] Oil Swings on Speculation Iranian Nuclear Deal May Be Imminent

[Reuters] U.S. crude, fuel stockpiles shrink while gasoline demand drops - EIA

[Reuters] Rise in U.S. business equipment spending allays recession fears

[CNBC] Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011

[Reuters] U.S. new vehicle prices to hit record high despite rising interest rates

[Reuters] People facing acute food insecurity reach 345 million worldwide - WFP