Thursday, May 18, 2023

Friday's News Links

[Yahoo/Bloomberg] DAX Nears Record as Wall Street Rally Bubbles Over: Markets Wrap

[Yahoo/Bloomberg] China’s Yuan Jumps After Central Bank Vows to Curb Speculation

[Reuters] Japan's Nikkei powers to 1990 'bubble' era high

[Reuters] Oil rebounds on fading risk of U.S. debt default

[Reuters] Fed's Powell in the spotlight as pressure grows to 'fish or cut bait' on rates

[Reuters] Democratic senators urge Biden to use 14th Amendment to avoid debt default

[MSN/WP] World Watches in Disbelief and Horror as U.S. Nears Possible Default

[Yahoo/Bloomberg] China Faces ‘Confidence Trap’ as Economic Recovery Falters

[Yahoo/Bloomberg] Japan’s Inflation Quickens Again, Putting Pressure on BOJ View

[Reuters] Japan's inflation stays above BOJ's target, key gauge hits four-decade high

[Yahoo/Bloomberg] Ueda Warns Against Early BOJ Policy Change Even After Price Jump

[Reuters] Russian forces dig in at Ukrainian nuclear plant, witnesses say

[Yahoo/Bloomberg] Russian PM to visit Beijing as China renews criticism of Western arms sales to Ukraine

[Bloomberg] China Considers Moving Stakes in Bad Banks to Sovereign Wealth Fund

[Bloomberg] $10 Billion Property Bond Defaults Are Just Around the Corner

[NYT] America’s Semiconductor Boom Faces a Challenge: Not Enough Workers

[WSJ] Rebound in Treasury Yields Fueled by Resilient Growth, Inflation

[FT] A Chinese comedian walks into a political storm after army joke falls flat

Thursday Evening Links

[Reuters] Growing debt ceiling deal hopes send stocks higher

[Reuters] PacWest, Western Alliance help regional bank stocks notch gains

[Yahoo/Bloomberg] Treasury’s Coffers Dwindle to Lowest Since 2021 Under Debt Cap’s Shadow

[Reuters] Turkish lira hits record low as bonds steady after post-election rout

[Yahoo/Bloomberg] Here’s How the Debt-Limit Deal Is Looking as Talks Go Down to the Wire

[Reuters] Fed's hawks make a pitch against a rate-hike pause

[AP] Hike again? Take a pause? Fed officials are split about what to do next to fight inflation

[Reuters] U.S., G7 to unveil new sanctions targeting Russia over Ukraine

[Reuters] More than half of the world's large lakes are drying up, study finds

[FT] Fed’s Bullard suggests higher rates as ‘insurance’ against inflation

[FT] Tett: Why investors are going gaga for gold

[FT] Carl Icahn admits mistake with bearish bet that cost $9bn

Thursday Afternoon Links

[Reuters] Nasdaq jumps as growth stocks back in play, debt ceiling deal optimism prevails

[Yahoo/Bloomberg] US Yields Climb as Traders Lift June Fed-Hike Bets: Markets Wrap

[Yahoo/Bloomberg] Oil Declines as Traders Raise Bets on Further Fed Rate Hikes

[Reuters] US manufacturers can't shake that inflation feeling even as supply snarls ease

[Reuters] Not enough resources for EVs to be only cleaner car option, Toyota says