Tuesday, May 9, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Rebound After April Inflation Report: Markets Wrap

[CNBC] Treasury yields tumble after April’s CPI increase is less than feared

[Yahoo/Bloomberg] US Default Insurance Cost Eclipses Brazil, Mexico as X-Day Nears

[CNBC] Inflation rose 4.9% in April from a year ago, less than expectations

[AP] US prices pick up, showing inflation pressures persist

[CNBC] Mortgage demand surged after Fed signaled potential pause in rate hikes

[Reuters] Treasury debt advisers warn of 'seismic' impact from U.S. debt payment delays

[Reuters] What Biden, McCarthy, McConnell said about the US debt ceiling

[AP] Americans likely saw little relief from inflation in April

[Reuters] Factbox: U.S. corporate bankruptcies at highest level since 2010

[Reuters] US credit crunch didn't start with SVB collapse, and may not end there

[Yahoo/Bloomberg] ECB Still Has ‘More Ground to Cover,’ Lagarde Tells Nikkei

[Yahoo/Bloomberg] ECB May Be Coming to Final Stretch of Rate-Hiking, Nagel Says

[Reuters] No quick deal in sight as EU countries start talks on new Russia sanctions

[Reuters] China and US debt woes may dominate G7 finance chiefs' talks

[Yahoo/Bloomberg] Xi’s Latest Crackdown Snares Experts Hired by Hedge Funds, CEOs

[Yahoo/Bloomberg] China Names Li Top Financial Regulator in Surprise Move

[Yahoo/Bloomberg] China Warns Severe Heat Means Another Summer of Power Risks

[Bloomberg] China Junk Dollar Bonds Hit Five-Month Low as Worries Spread

[NYT] The Elusive Fix for China’s Budget Crisis

[WSJ] When Is the Debt Ceiling Deadline and What Happens if the Limit Isn’t Raised?

[WSJ] The Home Buyer’s Quandary: Nobody’s Selling

[FT] Sudan conflict delivers fresh blow to China’s African lending strategy

Tuesday Evening Links

[Reuters] Wall Street closes down as focus shifts to inflation data, debt talks

[Yahoo/Bloomberg] Oil Reverses China-Driven Drop, Rises on US Plan to Refill SPR

[AP] McCarthy: No movement on debt ceiling in Biden meeting

[CNBC] No movement on debt limit deal, McCarthy says, but leaders will reconvene Friday

[Reuters] Biden, McCarthy debt ceiling talks wrap as clock ticks to US default

[Reuters] ECB's Schnabel sees more rate hikes until core inflation declines too

[WSJ] White House Debt-Ceiling Meeting Fails to Yield Breakthrough as Deadline Nears

Tuesday Afternoon Links

[Reuters] Wall St falls on dour earnings forecasts ahead of inflation data

[Yahoo/Bloomberg] Oil Falls as China’s Slowing Export Growth Raises Alarm Bells

[Yahoo/Bloomberg] McCarthy Rejects Possibility of Short-Term Debt-Limit Extension

[AP] Deal or default? Biden, GOP must decide what’s on the table

[Yahoo/Bloomberg] Williams Says Fed Is Data Dependent, Leaves Door Open to Pause

[Reuters] Fed's Williams says inflation still too high, eyeing financial conditions

[Yahoo/Bloomberg] Goldman Sachs Warns of Stock Volatility as Quant Traders Pile In

[Yahoo/Bloomberg] OPEC+ Curbs Spark 85% Rout in Oil Tanker Rates After Boom

[WSJ] Fed’s John Williams Doesn’t Say Whether More Rate Rises Will Be Needed