Thursday, April 27, 2023

Friday's News Links

[Yahoo/Bloomberg] Stocks Drop on Tech Blowback; Treasuries Recover: Markets Wrap

[CNBC] Fed report on SVB collapse faults bank’s managers — and central bank regulators

[Reuters] U.S. officials lead urgent rescue talks for First Republic

[Yahoo/Bloomberg] First Republic’s $21 Billion Rout Puts S&P Status in Question

[CNBC] Key inflation gauge for the Fed rose 0.3% in March as expected

[Reuters] Among some at Fed, argument grows for patience on wage costs

[Reuters] US regulators to release reviews of largest bank failures since 2008 crisis

[Reuters] BOJ keeps ultra-low rates, decides to conduct policy review

[CNBC] Japan’s new central bank governor sticks to negative interest rates in his first meeting

[Reuters] Exclusive: US regulators worried about uninsured deposits before March crisis

[Yahoo/Bloomberg] BOJ’s Ueda Scraps Rates Guidance, Commits to Stimulus For Now

[Reuters] Consumer inflation in Japan's capital accelerates, keeps BOJ under pressure

[Reuters] Sluggish growth and high inflation leave ECB in tight spot

[AP] Europe’s economy barely grows as inflation pinches consumers

[Reuters] Bank of England projects 100 billion pound loss for QE programme

[Yahoo/Bloomberg] China’s Leaders Stick to Pro-Growth Stance, Vow Support

[Yahoo/Bloomberg] Chinese Homes Loans Grow by the Smallest Amount on Record

[Yahoo/Bloomberg] China’s Big Banks Post Scant Profit Gains as Margins Shrink

[AP] Foreign companies in China face growing scrutiny, pressure

[Yahoo/Bloomberg] Ukraine Latest: Kyiv Says It’s Almost Ready for Counterattack

[Reuters] Kyiv says counterattack nearly ready with 'iron fist'; Russian strikes kill 17

[Yahoo/Bloomberg] Hong Kong Runs Down Liquidity Buffer With Little Impact on Rates, For Now

[Bloomberg] Inflation Gauge Watched by Fed Shows Prices Still Rising While Consumer Spending Stalls

[Bloomberg] BOJ’s Ueda Scraps Guidance on Rates, Calls Review, Holds Policy

[FT] Bank of Japan drops part of forward guidance on rates and starts policy review

[FT] Philippines and Taiwan disclose China maritime and drone incursions

Thursday Evening Links

[Reuters] Amazon sees April slowdown in cloud business growth; shares lose gains

[Yahoo/Bloomberg] Asian Stocks Set to Rise After Tech-Led US Rally: Markets Wrap

[Reuters] Wall St rallies as earnings season boost offsets economy worries

[Yahoo/Bloomberg] Oil Stanches Two-Day Loss as Traders Assess Mixed Growth Signals

[Yahoo/Bloomberg] Fed Emergency Loans Rise Again Amid Renewed Financial Stress

[Reuters] White House: Monitoring situation at First Republic, could step in if needed

[Yahoo/Bloomberg] Debt-Limit Dealmaker of 2011 Lays Out What Will Happen This Time

[Yahoo/Bloomberg] US Demands Iran Release Oil Tanker Seized in Gulf of Oman

[Yahoo/Bloomberg] Argentina Hikes Key Rate to Record High to Halt Peso Slump

[FT] China Ratchets Up Pressure on Foreign Companies

Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks Extend Gains as Bonds Slip on Mixed Data: Markets Wrap 

[Reuters] First Republic shares bounce a bit after sharp sell-off

[Yahoo/Bloomberg] US in ‘Worst of Both Worlds’ With High Inflation, GDP Slowdown

[AP] US economy grew at weak 1.1% rate in Q1 in sign of slowdown

[Reuters] US pending home sales slump unexpectedly in March

[Yahoo/Bloomberg] Mortgage Rates in the US Rise to Highest Level Since Mid-March

[Reuters] Germany may restrict export of chip chemicals to China - Bloomberg

[Reuters] Argentina hikes interest rate 1,000 bps after peso slide -sources, traders

[Reuters] Iran seizes oil tanker in Gulf, U.S. Navy says

[NYT] Inflation Is Still High. What’s Driving It Has Changed.

[NYT] Stress Builds as Office Building Owners and Lenders Haggle Over Debt

[WSJ] Why No Buyer Has Emerged for First Republic

[WSJ] Americans Losing Faith They Will Have Enough Money for Retirement

[FT] China seeks ‘damage control’ on Ukraine with Zelenskyy call

[FT] Tett: The dangers of letting AI loose on finance

Thursday's News Links

[Yahoo/Bloomberg] Stocks Hold Gains From Tech Earnings: Markets Wrap

[Reuters] Safe-haven gold firms on economic woes

[Yahoo/Bloomberg] Oil Steadies After Demand Fears Wipe Out Gains From OPEC+ Cut

[CNBC] GDP rose at a 1.1% pace in the first quarter, less than expected

[Yahoo/Bloomberg] First Republic Stuck in Standoff Between US and Banking Industry

[Yahoo/Bloomberg] Fed Bosses Steered Examiners Away From Probing Problems Like SVB

[Yahoo/Bloomberg] Powell Faces Pushback Inside Fed Over Need to Cool Wage Gains

[Yahoo/Bloomberg] Goldman Says Big US Tax Haul Means Debt-Limit Deadline in July

[AP] Food prices fall on world markets but not on kitchen tables

[Yahoo/Bloomberg] ECB Wakes Up to Greedflation as Key Culprit in Price Struggle

[Reuters] China Jan-Mar industrial profit slump underlines slow economic recovery

[Yahoo/Bloomberg] China’s Property Pain Deflates ‘Overhyped’ Iron Ore Market

[Reuters] China's job market tough, especially for college graduates, vice minister says

[Reuters] Analysis: China's small steps on offshore use of yuan are starting to add up

[Reuters] Argentina to pay for Chinese imports in yuan rather than dollars

[Yahoo/Bloomberg] Top Hedge Fund Says ‘Violent’ Emerging-Market Selloff Is Coming

[AP] Tense face-off: Philippines confronts China over sea claims

[WSJ] The Surprising Risk That Turbocharged a $142 Billion Bank Run

[WSJ] Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers.

[WSJ] Commercial Property Is Sputtering. Just Ask the ‘Real Estate King’ of Sweden.

[FT] In charts: the challenges for Bank of Japan governor Kazuo Ueda

[FT] European commercial real estate dealmaking falls to 11-year low