Tuesday, April 25, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Waver Amid Lingering Bank Woes: Markets Wrap

[Reuters] First Republic Bank shares plummet day after hitting record low

[Reuters] U.S. five-year credit default swaps hit new 2011 high

[Yahoo/Bloomberg] China Stock Selloff Eases After $446 Billion in Value Wiped Out

[Yahoo/Bloomberg] Oil Edges Higher After Dropping on Concerns Over Demand Outlook

[Yahoo/Bloomberg] US Home-Purchase Applications Rise for Second Time This Month

[Reuters] Bank stress likely to lead to tighter lending, corporate defaults - BofA credit survey

[Yahoo/Bloomberg] Biggest Treasury Buyers Turn to Swaps to Flee Wild Price Swings

[Reuters] BOJ's Ueda sees tough balance in combating cost-push inflation

[Reuters] Yuan overtakes dollar to become most-used currency in China's cross-border transactions

[Yahoo/Bloomberg] China’s Consumer Recovery Under Scrutiny as Economy Rebounds

[AP] China’s Xi, Ukraine’s Zelenskyy discuss Ukraine war by phone

[Yahoo/Bloomberg] Russia Seizes Foreign-Owned Utilities After EU Asset Moves

[Reuters] Kremlin warns of more asset seizures after move against Fortum and Uniper

[AP] Russia’s Lavrov warns EU becoming militarized now, like NATO

[Reuters] Taiwan war games to focus on combating blockade, preserving forces

[Reuters] South Korea, US set for new collaboration to deter North's nuclear threat

[NYT] First Republic Bank Enters New Free Fall as Concerns Mount

[NYT] Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies

[WSJ] SPACs Delivered Easy Money, but Now Companies Are Running Out

[FT] ‘Tyranny of the majority’: creditor infighting comes to $1.4tn leveraged loan market

[FT] China stocks shed $550bn in value as doubts overshadow growth

Tuesday Evening Links

[Reuters] Wall St ends lower as weak earnings fan fears of economic slowdown

[Yahoo/Bloomberg] Stocks, Bond Yields Sink as Bank Worries Persist: Markets Wrap 

[Yahoo/Bloomberg] PacWest Says Deposits Now Stable After Turmoil Slammed Stock

[Reuters] Binance.US calls off $1.3 billion deal for Voyager's assets

[FT] Sharp sell-off in First Republic shares causes alarm in Washington

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks, Bond Yields Sink as Bank Worries Persist: Markets Wrap

[Yahoo/Bloomberg] Oil Falls as Dimming US Outlook Quashes Sentiment Across Markets

[Reuters] US House Republicans predict success for uncertain debt-ceiling vote

[Reuters] US default on debt would trigger an 'economic catastrophe' - Yellen

[Yahoo/Bloomberg] First Republic Bank to Weigh Up to $100 Billion in Asset Sales

[Reuters] First Republic faces tough options after deposit flight, with asset sales, 'bad bank' possibilities, source says

[Yahoo/Bloomberg] First Republic’s Deposit Exodus Has Analysts Most Bearish Ever

[Reuters] First Republic Bank exploring up to $100 bln in asset sales - Bloomberg News

[Yahoo/Bloomberg] Hedge Funds, Buybacks Drive $2.3 Billion Into Stocks, Bank of America Says

[FT] Druckenmiller takes aim at dollar in sole conviction trade

[FT] US-China relations have entered a frightening new era

[FT] ECB quizzes lenders over risk of Silicon Valley Bank-style losses