Wednesday, April 12, 2023

Thursday's News Links

[Yahoo/Bloomberg] Stocks Waver as Mixed Signals Strand Bulls: Markets Wrap

[Reuters] Gold shines on bets Fed might pause rate hikes, recession concerns

[Reuters] Dollar drops to two-month low on cooling U.S. inflation

[AP] US wholesale inflation pressures eased sharply last month

[Reuters] U.S. weekly jobless claims increase as labor market slows

[Reuters] US manufacturing boom has a real estate problem

[Yahoo/Bloomberg] Credit Investors See Defaults Rising, 84% Chance of US Recession

[Yahoo/Bloomberg] US-Saudi Oil Pact Breaking Down as Russia Grabs Upper Hand

[Reuters] Exclusive: ECB policymakers converging on 25-bps rate hike in May

[Yahoo/Bloomberg] BOJ’s Ueda Highlights Risk of Inflation Falling Below Target

[Yahoo/Bloomberg] China’s Contradictory Data Fuels Debate Over Need for Stimulus

[Reuters] China's exports rise unexpectedly, but economists warn of weakness ahead

[Yahoo/Bloomberg] Xi Pivot Fails to Stop Exodus by Biggest Investors in China Tech

[Reuters] French unions rally supporters to the streets ahead of pension ruling

[Reuters] North Korea fires missile, Japan retracts take-cover warning

[Reuters] Germany foreign minister embarks on post-Macron 'damage control' in China trip

[WSJ] More Junk-Rated Companies Are Facing Credit Downgrades and Defaults

[WSJ] Property Has an Open-Ended Problem

[WSJ] Deposit Crisis Sets Up a Tough First Quarter for All But the Biggest Banks

[FT] Investors shun riskier US corporate debt as recession fears loom

[FT] How China changed the game for countries in default

[FT] Brazil’s Lula calls for end to dollar trade dominance

[FT] Flows into ETFs treble in March as investors seek safety

Wednesday Evening Links

[Reuters] Wall Street closes lower after Fed minutes, inflation data

[Yahoo/Bloomberg] Stocks, Bonds Stuck in Range as Inflation Persists: Markets Wrap

[Yahoo/Bloomberg] Oil Rises to 2023 High on Mounting Signs of Tighter Supplies

[Reuters] U.S. government posts $378 billion deficit in March

[AP] Bank turmoil led Fed officials to forecast fewer rate hikes

[Yahoo/Bloomberg] Muni Demand Keeps Sliding as Rate Uncertainty Shakes Confidence

[Reuters] New vehicle prices fall below sticker price after nearly two years - Kelley Blue Book

Wednesday Afternoon Links

[Yahoo/Bloomberg] US Stocks, Bonds Stuck in Range as May Hike Eyed: Markets Wrap

[Yahoo/Bloomberg] Oil Rises to 2023 High on Mounting Signs of Tighter Supplies

[CNBC] Fed expects banking crisis to cause a recession this year, minutes show

[Reuters] Several Fed officials considered rate pause in March, but ultimately agreed to hike

[Yahoo Finance] Fed’s Daly: Still need to raise rates, but how much hinges on bank stresses

[Yahoo/Bloomberg] US Families Find Some Relief as Prices of Many Household Necessities Retreat

[Reuters] Bank of Canada says rates may have to remain restrictive for longer

[Yahoo/Bloomberg] Ukraine Latest: Leaked Documents Benefit Russia, Kyiv Says

[Reuters] France wants independence, will stay 'strong and reliable' US ally, finance minister says

[Bloomberg] US Core Inflation Slows Only a Bit, Keeping Fed on Track to Hike

[Bloomberg] US Credit and Debit Card Spending Slows to Weakest Pace in Two Years, BofA Says

[NYT] Fed Officials Fretted Bank Turmoil Could Have Serious Economic Consequences

[NYT] As U.S. Tries to Isolate China, German Companies Move Closer

[NYT] Why China Could Dominate the Next Big Advance in Batteries