Monday, August 7, 2023

Tuesday News Links

[Yahoo/Bloomberg] Bond Yields Sink as Stocks Stage a Broad Retreat: Markets Wrap

[Yahoo/Bloomberg] China Stocks in Hong Kong Drop During Growing Economic Strains

[Reuters] Italian windfall tax sends euro zone bank stocks tumbling

[Yahoo/Bloomberg] Oil Slips With China Data Spurring Risk-Off Tone Across Markets

[Yahoo/Bloomberg] Moody’s Cuts US Banks on Mounting Funding Costs, Office Exposure

[Reuters] Moody's downgrades 10 US banks, warns of possible cuts to others

[Yahoo/Bloomberg] Treasury Auction Deluge Set to Test Investors’ Appetite for Debt

[Reuters] US small business confidence rises to 8-month high in July, NFIB says

[CNBC] Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end

[AP] US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile

[Reuters] China's trade slumps, threatening recovery prospects

[Reuters] Country Garden misses bond payments as China property fears flare

[Yahoo/Bloomberg] China’s Property Ills Worsen as Former Biggest Builder Wobbles

[Reuters] China's car sales fall for 2nd month in July as price war continues

[Yahoo/Bloomberg] China Deflation Threat Grows as Companies Cut Prices to Survive

[Yahoo/Bloomberg] China’s Foreign Investment Gauge Declines to 25-Year Low

[Reuters] Italy shocks banks with 40% windfall tax for 2023

[Yahoo/Bloomberg] Japan Wage Growth Slows, Backing BOJ Ultra-Easy Policy Case

[Reuters] China, Philippines' dispute over grounded warship heats up

[NYT] Don’t Be So Picky About a Job, China’s College Graduates Are Told

[WSJ] New Lending by Mortgage REITs Has Dried Up

[WSJ] Surprise Stock Market Rally Bulldozes Bearish Hedge Funds

[WSJ] China Reassures Russia on Ukraine After Meeting on How to End the War

[FT] China’s Country Garden misses bond payments as turmoil grips property sector

[FT] The new commodity superpowers

[FT] India’s ‘shadow banks’ resurgent as consumer demand for credit rises

[FT] July enters history books as hottest month on record

[FT] Antarctica’s ‘staggering’ exposure to climate change exacerbates global threat