Wednesday, November 30, 2022

Thursday's News Links

[Yahoo/Bloomberg] Stocks Drop After Big Rally on Weak Factory Data: Markets Wrap

[Yahoo/Bloomberg] Chinese Stock Rally Cools as Investors See Bumpy Reopening

[Yahoo/Bloomberg] Post-Powell Bond Rally Shows Crowded Trades Distorting Markets

[AP] An inflation gauge tracked by the Fed slows to still-high 6%

[Reuters] U.S. consumer spending solid in October; weekly jobless claims fall

[Yahoo/Bloomberg] US Core PCE Prices Rise by Less Than Forecast; Spending Gains

[Reuters] Fed officials do not see any near change to balance sheet drawdown

[Yahoo/Bloomberg] China Official Behind Strict Covid Lockdowns Softens Stance

[Reuters] China set to loosen COVID curbs after week of historic protests

[AP] Chinese users play cat-and-mouse with censors amid protests

[Yahoo/Bloomberg] Ukraine Latest: Zelenskiy Says 6 Million Are Without Electricity

[CNBC] Russian warship deployment puts Ukraine on high alert; Belarus says army must prepare for ‘defense’

[Reuters] EU discussing Russian oil price cap at $60/barrel with bi-monthly review

[Reuters] Asia's factory activity shrinks as China lockdown impact widens

[Yahoo/Bloomberg] Even BOJ Dove Noguchi Sees Signs of Japan Inflation Taking Hold

[Yahoo/Bloomberg] UK House Prices Fall More Sharply After Mortgage Costs Jump

[Yahoo/Bloomberg] Housing Tumbles Down Under as Soaring Borrowing Costs Take Toll

[Bloomberg] Almost Every Single Major Asset Class Saw a November Reversal

[WSJ] Consumer Spending Jumped in October as Inflation Eased

[WSJ] With Debt Coming Due, Investment-Grade Companies Are Paying Up, Too

[FT] Big traders flock to US equity options with fleeting lifespans

[FT] Credit Suisse chair says outflows have reversed since ‘social media storm’

[FT] India’s plan to take on China as south Asia’s favourite lender

Wednesday Evening Links

[Reuters] Wall Street ends sharply higher after Powell comments

[Reuters] Fed's Powell: Rate hikes to slow, but adjustment just beginning

[AP] Powell: Fed to keep rates higher for longer to cut inflation

[CNBC] ‘I’ve had a bad month’ and ‘didn’t ever try to commit fraud,’ former FTX CEO Sam Bankman-Fried says: Live updates

[CNBC] China is a growing threat to national security, U.S. companies and American workers, U.S. Commerce Secretary Raimondo says

[NYT] Powell Says Fed Could Slow Rate Increases at Next Meeting

[FT] Jay Powell signals Fed will slow pace of rate rises next month

Wednesday Afternoon Links

[Reuters] Wall Street rises after Powell eyes slower rate hikes

[Yahoo/Bloomberg] Oil Rallies Above $80 as US Stockpiles Fall the Most Since 2019

[Reuters] Fed's Powell: Rate-hike slowdown possible next month, inflation fight far from over

[Reuters] U.S. third-quarter economic growth revised up; goods trade deficit widens in October

[CNBC] Long Covid may be ‘the next public health disaster’ — with a $3.7 trillion economic impact rivaling the Great Recession

[Bloomberg] China Says Covid Fight at New Stage With Omicron Less Pathogenic

[Bloomberg] Jiang Zemin’s Death Could Haunt Xi

[WSJ] Heating Bills to Send Chill Through Americans’ Finances