Sunday, January 1, 2023

Monday's News Links

[AP] World markets mixed after S&P 500 ends worst year since 2008

[AP] Russia presses its Ukraine strategy, fires 40 drones at Kyiv

[Yahoo/Bloomberg] Ukraine Latest: Drones Shot Down as Kyiv Braces for More Strikes

[Yahoo/Bloomberg] ECB’s Nagel Says More Action Needed to Curb Price Expectations

[Reuters] Fading supply problems ease downturn in German manufacturing -PMI

[CNN] One third of world economy expected to be in recession in 2023, says IMF chief

[Reuters] Yoon says South Korea, U.S. discussing exercises using nuclear assets

[Bloomberg] China’s Economy Likely Contracted Last Quarter, Beige Book Says

[Bloomberg] Australia House Prices Tumble Most Since 2008

[NYT] Why China’s Economy Faces a Perilous Road to Recovery

[WSJ] Investors Brace for More Market Tumult as Interest Rates Keep Rising

[WSJ] For Battered Bonds, Threats of Further Losses Linger

[WSJ] Stay for Pay? Companies Offer Big Raises to Retain Workers

[WSJ] Economy Week Ahead: Jobs Report, Fed Minutes in Focus

[FT] Germany’s hot labour market set to trigger more eurozone rate rises

[FT] Business trends, risks and people to watch in 2023

Sunday Evening Links

[MSN/WP] Northern California sees historic deluge as atmospheric river slams state

[Reuters] China December manufacturing contracts sharply as COVID infections soar 

[Reuters] Global economy faces tougher year in 2023, IMF's Georgieva warns

[FT] Hong Kong home sales drop to lowest level since 2008 financial crisis

Sunday's News Links

[Yahoo/Bloomberg] US Jobs Report Likely to Show Still-Tight Labor Market

[CNBC] Highly immune evasive omicron XBB.1.5 variant is quickly becoming dominant in U.S. as it doubles weekly

[Yahoo/Bloomberg] Xi Warns of Tough Covid Fight With China Economy on Back Foot

[Reuters] China home prices fall at faster pace in December - private survey

[Reuters] Market misery dealt sovereign wealth funds historic setback in 2022, study shows

[Reuters] Lula returns to office in a troubled, divided Brazil

[AP] NKorea’s Kim orders ‘exponential’ expansion of nuke arsenal

[NYT] U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits

[WSJ] Rookie Traders Are Calling It Quits, and Their Families Are Thrilled

[WSJ] Shift to EVs Triggers Biggest Auto-Factory Building Boom in Decades

[FT] Xi Jinping’s credibility ‘badly wounded’ as China’s Covid death toll mounts

[FT] Year in a word: Chip choke

[FT] ‘There are no dollars’: foreign currency crunch hits Egypt’s economy