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Wednesday, May 3, 2023

Thursday's News Links

[Yahoo/Bloomberg] PacWest, First Horizon Slump, Reigniting Regional Bank Jitters

[CNBC] Regional bank stocks continue to slide on Thursday with PacWest leading the way down 40%

[Reuters] Western Alliance latest US bank to explore sale, Financial Times reports

[Reuters] Gold firms as banking woes sustain stellar run

[Reuters] Dollar falls after Fed signals pause; banking woes dent confidence

[Yahoo/Bloomberg] Grains Steady After Surge as Markets Size Up Black Sea, Supplies

[AP] European Central Bank raises interest rates but slows pace

[Yahoo/Bloomberg] ECB Vows More Hiking to Come After Slowing Tightening Pace

[AP] US claims for unemployment aid jump, but remain low

[CNBC] Small business confidence rises slightly, but inflation, economic concerns dim outlook

[Yahoo/Bloomberg] US Productivity Declines More Than Forecast, Labor Costs Climb

[Reuters] What a Fed response to a US debt default could look like

[CNBC] Fed recap: Here are Chair Powell’s market-moving comments after the latest rate hike

[Yahoo/Bloomberg] Pushback Against Powell’s Prognosis Comes Almost Immediately

[Reuters] China's factory activity skids in April on weak demand - Caixin PMI

[Yahoo/Bloomberg] China Two-Speed Economic Recovery Fuels Concerns on Outlook

[Yahoo/Bloomberg] China’s Factories Struggle in Further Sign of Economic Imbalance

[Reuters] Moscow says US behind Kremlin drone attack, Russian forces target Kyiv

[Yahoo/Bloomberg] Ukraine Latest: Explosions Are Heard in Kyiv, Other Areas

[Bloomberg] Repaying ECB’s Cheap Pandemic Loans Risks Market Stress

[Reuters] Europeans drain billions from banks, fed up with shrinking savings

[Reuters] Global issuance of mortgage-backed securities falls to a 23-year low

[Bloomberg] Goldman’s Role in Failed SVB Deal Under Review in US Probe

[WSJ] Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options

[FT] ‘Getting close’: Federal Reserve chair seeds expectations for pause in interest rate rises

[FT] Veteran of 1980s banks crisis hits out at sale of First Republic to JPMorgan

[FT] Maersk warns of ‘radically changed’ world as profits tumble