Wednesday, March 22, 2023

Thursday's News Links

[Yahoo/Bloomberg] US Stocks Gain; European Stocks Drop Before BOE: Markets Wrap

[Reuters] Dollar falls for sixth day as Fed signals rate-hike pause

[Yahoo/Bloomberg] First Republic Rises With Peers After Selloff on Yellen Comments

[Reuters] European bank shares fall as crisis leaves mark

[Reuters] China property stocks fall after Evergrande debt revamp plan

[AP] US jobless claims inch down as labor market remains tight

[CNBC] Bank of England hikes interest rates by 25 basis points after inflation surprises

[Yahoo/Bloomberg] Differing Powell and Yellen Messages Were a Lot for the Stock Market to Digest

[Yahoo/Bloomberg] Citi’s Fraser Warns Mobile Money is ‘Game Changer’ For Bank Run

[Reuters] Analysis: Banking turmoil takes the leveraged out of the buyout

[Yahoo/Bloomberg] American Households Likely to Sell $750 Billion in Stocks, Goldman Sachs Estimates

[Yahoo/Bloomberg] SNB Hikes by 50 Basis Points After Credit Suisse Turmoil

[Reuters] Swiss regulator defends its decision to write off AT1 bonds

[Yahoo/Bloomberg] China Evergrande Will Swap Defaulted Debt in Court Restructuring

[Reuters] Pessimism persists at big Japanese manufacturers amid global slowdown

[Reuters] Protests across France after Macron doubles down on pensions

[AP] Russia’s security chief blasts West, dangles nuclear threats

[Reuters] China's military says US warship illegally entered waters in South China Sea

[WSJ] Fed Walks Tightrope Between Inflation and Bank Turmoil—but for How Long?

[WSJ] Macro Hedge Funds Hit by Financial Turmoil

[WSJ] China’s Economic Lifeline to Russia Gives Beijing Upper Hand

[FT] Investors bet Fed has finished raising interest rates

[FT] ‘Close to thin ice’: looming credit crunch puts pressure on Fed

[FT] Commercial property risks rise up bank investors’ worry list

[FT] Chinese property stocks fall after Evergrande reveals restructuring plan

Wednesday Evening Links

[Reuters] Wall St ends sharply lower after Powell warns inflation fight continues 

[Reuters] First Republic shares drop 11% as Yellen says Treasury won't insure all deposits

[Reuters] US not considering 'blanket insurance' for bank deposits, Yellen says

[Yahoo/Bloomberg] Powell Stresses Commitment to Cooling Prices as Fed Hikes Rates

[AP] Fed raises key rate by quarter-point despite bank turmoil

[Reuters] Fed's Powell: Rate pause was considered due to bank issues

[Reuters] Fed's Powell: Recent balance sheet expansion not tied to monetary policy

[Yahoo Finance] Federal Reserve 'dot plot' shows interest rates peaking at 5.1% in 2023

[Yahoo Finance] Powell: Silicon Valley Bank was an 'outlier'

[WSJ] Fed Raises Rates but Nods to Greater Uncertainty After Banking Stress

[WSJ] Fed Walks Tightrope Between Inflation and Financial Instability—but For How Long?

[FT] Federal Reserve presses ahead with quarter-point rate rise despite banking turmoil

[FT] Bank shares slide as Janet Yellen plays down ‘blanket’ deposit guarantee

[FT] A Dangerous Friendship

Wednesday Afternoon Links

[CNBC] Fed hikes rates by a quarter percentage point, indicates increases are near an end

[CNBC] Here’s what changed in the new Fed statement

[CNBC] The Fed projections call for just one more rate hike this year

[Reuters] First Republic shares volatile as capital infusion remains in limbo

[CNBC] PacWest falls 10% after regional bank discloses deposit outflows, additional liquidity

[CNBC] Here’s everything the Federal Reserve is expected to do Wednesday

[Reuters] Pacific Western Bank raises $1.4 bln, says deposits have stabilized

[Yahoo/Bloomberg] Fed’s Rate Decision Is Seen Adding to US Mortgage Bonds’ Pain

[Yahoo/Bloomberg] Ukraine Latest: Zelenskiy Visits Troops Near Besieged Bakhmut

[Yahoo/Bloomberg] Russia Says Gold Hoard Grew as West Imposed Sanctions

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