Tuesday, October 4, 2022

Wednesday's News Links

[Yahoo/Bloomberg] Equity Rally Sputters Amid Fizzling Fed-Pivot Talk: Markets Wrap

[Yahoo/Bloomberg] Oil Holds Surge as OPEC+ Mulls Biggest Supply Cut Since 2020

[Reuters] OPEC+ heads for deep supply cuts, clash with U.S.

[CNBC] Businesses added 208,000 jobs in September, better than expected, ADP reports

[CNBC] Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand

[Yahoo/Bloomberg] US Mortgage Rates Rise for Seventh Week to Highest in 16 Years

[CNBC] High mortgage rates, tight supply and economic uncertainty: Here’s what’s happening with home prices

[Yahoo/Bloomberg] Ukraine Latest: EU Backs Russian Oil Cap in Sanctions Package

[Reuters] Russia says it will supervise Zaporizhzhia nuclear plant after annexation

[Yahoo/Bloomberg] Junk Market Is Only Open to Familiar Firms Offering High Yields

[Yahoo/Bloomberg] Key UK Mortgage Rate Exceeds 6% for First Time Since 2008

[Reuters] Hedge funds suffer $32 bln of outflows in Q2 -data

[Yahoo/Bloomberg] Volcker Lesson to Generation QE: Stock Recoveries Can Take Years

[Reuters] WTO warns 'darkened' trade outlook could deteriorate further

[Reuters] South Korea, U.S. fire missiles into the sea to protest 'reckless' North Korea test

[NYT] U.S. National Debt Tops $31 Trillion for First Time

[WSJ] Americans Tap 401(k) Plans After Hurricanes and Natural Disasters

[WSJ] WTO Sees Sharp Slowdown in Global Trade, Pointing to Possible Recession, Lower Inflation

[FT] China after the property boom: can it rebuild the growth model?

[FT] Pettis: China’s difficult choices as export growth slows

[FT] ‘Someone will get hurt’: Investors and analysts warn on rising market stress

[FT] India’s reserves dwindle but currency defence still strong

Tuesday Evening Links

[Reuters] Wall St rallies as data, RBA move lifts hope of Fed easing

[Yahoo/Bloomberg] Stock Shorts Fold in Best Two-Day Rally Since 2020: Markets Wrap

[Yahoo/Bloomberg] Oil Extends Rally as OPEC+ Mulls Largest Output Cut Since 2020

[Yahoo/Bloomberg] Fed Telegraphs No Aussie-Style Policy Pivot in Inflation Battle

[Reuters] Fed knows how to fight inflation, will seek to do so 'gently' -Daly

[Reuters] Florida has a flood problem and insurance problem

[Reuters] U.S. barge backlog swells on parched Mississippi River

[Bloomberg] Credit Suisse Stock Lending Clients Retreated Amid Market Swings

[FT] IMF warns funds with illiquid assets pose risk to financial stability

Tuesday Afternoon Links

[Reuters] Nasdaq jumps as easing Treasury yields lift growth stocks; Twitter surges 

[Reuters] U.S. labor market starts to cool; job openings post biggest drop in nearly 2-1/2 years

[Reuters] Russia presses ahead with annexation plan despite military retreats

[Reuters] UK warns Russia of consequences for any nuclear weapon use

[Reuters] Fed's Jefferson says inflation is U.S. central bank's most worrisome problem

[Reuters] ECB must at a 'minimum' stop stimulus, Lagarde says

[Reuters] Micron to invest up to $100 bln in semiconductor factory in New York

[Yahoo/LAT] North Korea's latest missile test reminds the world of Asia's powder keg