Tuesday, March 21, 2023

Wednesday's News Links

[Yahoo/Bloomberg] US Stocks Steady in Pre-Fed Caution; Pound Jumps: Markets Wrap

[Reuters] Gold holds tight range as Fed verdict nears

[AP] Fed facing a blurrier outlook as it meets to weigh rate hike

[Reuters] Fed in spotlight as US authorities focus on stability, First Republic

[Reuters] As Fed meeting looms, economists see central bank balance sheet in new light

[Reuters] First Republic rescue may rely on US backing to facilitate deal - Bloomberg News

[Yahoo/Bloomberg] JPMorgan Says Treasuries Coping Amid Worst Liquidity Since 2020

[Reuters] US mortgage rates tumble by the most in 4 months in SVB's wake, MBA says

[Reuters] Ukraine war: Russia tightens ties with China as West offers $16 bln lifeline to Kyiv

[Reuters] Russian drones swarm Kyiv in display of force as Xi leaves Moscow

[AP] UK inflation jumps to 10.4%, surprising analysts

[Reuters] UK inflation surprise pressures BoE to raise rates again

[Yahoo/Bloomberg] Lagarde Vows ‘Robust’ Policy With ECB Ready to Act as Needed

[Reuters] Asia banks may face difficulty bolstering capital via AT1s - Citi

[Yahoo/Bloomberg] Hong Kong Says Borrowing Cost Surge Driven by Demand For Cash

[NBC] Xi and Putin pledge to shape a new world order as the Chinese leader leaves Russia with no peace in sight for Ukraine

[AP] China and Russia: explaining a long, complicated friendship

[Bloomberg] SVB’s Loans to Insiders Tripled to $219 Million Before It Failed

[Bloomberg] China, Russia Deepen Nuclear Concord That Has Pentagon on Edge

[Bloomberg] China’s Own Version of a Banking Problem

[NYT] What to Watch as the Fed Meets Amid Bank Turmoil

[NYT] Bank Crisis Could Cast Pall Over Commercial Real Estate Market

[WSJ] The End of Market Discipline for Banks

[WSJ] China Has a New Vision for Itself: Global Power

[WSJ] Ukraine War Threatens to Trigger New Nuclear Arms Race

[FT] Federal Reserve set for pivotal decision on interest rates amid bank turmoil

[FT] Bundesbank chief says rate-setters must be ‘more stubborn’ in inflation fight

[FT] Financial turmoil complicates central banks’ focus on inflation

Tuesday Evening Links

[Reuters] Wall Street ends green on bank bounce as Fed takes focus

[Yahoo/Bloomberg] High-Grade Borrowers Storm Debt Market Ahead of Fed Rate Decision

[Reuters] California braces for next bout of heavy rain, snow and high winds

[Reuters] Putin, Xi pledge friendship but talks yield no Ukraine breakthrough

[Reuters] In Ukraine to show solidarity, Japan's Kishida meets Zelenskiy, tours massacre site

[AP] Japan, China push opposing visions in top-level visits

[AP] Japan’s PM offers Ukraine support as China’s Xi backs Russia

[WSJ] Commercial Property Debt Creates More Bank Worries

[FT] First Republic rallies as Yellen says US prepared to give more support

Tuesday Afternoon Links

[Yahoo/Bloomberg] Wall Street’s Fear Gauge Crumbles With Risk-On Bid: Markets Wrap

[Yahoo/Bloomberg] First Republic Rebounds From Record Low With Aid Plan in Focus

[Reuters] First Republic's future to be discussed as major bank CEOs meet, sources say

[Reuters] Exclusive: First Republic considers downsizing if capital raise fails -sources 

[Reuters] Yellen vows to safeguard deposits at smaller U.S. banks, intervene if needed

[CNBC] Home sales spike 14.5% in February as the median price drops for the first time in over a decade

[AP] Army of lobbyists helped water down banking regulations

[Reuters] Putin says Chinese proposal could be basis for peace in Ukraine

[WSJ] Home Prices Fell in February for First Time in 11 Years

[WSJ] Credit Suisse Write-Off Upends European Bank Capital Bonds

[FT] JPMorgan Asset Management chief warns on commercial real estate risks