Thursday, May 25, 2023

Friday's News Links

[Yahoo/Bloomberg] US Stocks, Bonds Rise on Hopes a Debt Deal Is Near: Markets Wrap

[Reuters] Stocks limp toward U.S. debt denouement; Japan sparkles 

[Yahoo/Bloomberg] Yen Weakens Past 140 Per Dollar as Traders See Another Fed Hike

[Yahoo/Bloomberg] China Stocks in Hong Kong Extend Rout Before Holiday

[Reuters] China steel prices hit three-year low on demand woes

[Reuters] Biden, McCarthy looking to close US debt ceiling deal for two years

[Yahoo/Bloomberg] Emerging US Debt Deal Would Raise Limit, Cap Spending for Two Years

[AP] Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceiling

[Reuters] US consumer spending surges in April; inflation heats up

[CNBC] Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed

[Yahoo/Bloomberg] Hot Inflation Puts Another Fed Hike In Play for June or July

[Dow Jones] Consumer spending far from dead, Americans ring up cash registers in April

[Dow Jones] U.S. trade deficit in goods leaps 17% as exports retreat

[Dow Jones] Durable-goods orders get a boost from military spending

[Reuters] Analysis: Wall Street prepares for Treasuries mess as default looms

[Reuters] US default fears spark clearing house collateral scrutiny

[Reuters] What would happen to a Treasury bill after default? Six key questions

[Yahoo/Bloomberg] BofA Strategist Warns of Equity Stress as 2023 Flows Turn Flat

[Yahoo/Bloomberg] Popular Hedge-Fund Trade Draws Fresh Scrutiny as Debt Battle Rages On

[Yahoo/Bloomberg] Turkey’s Runoff Election Has Traders Bracing for More Pain

[Yahoo/Bloomberg] BOJ’s Ueda Says Wages Aren’t the Goal, Keeps Speculators in Dark

[Reuters] JPMorgan not renewing First Republic customers' personal credit lines -source

[Reuters] Japan ramps up Russia sanctions with G7, condemns nuke deployment in Belarus

[Reuters] Factbox: Key ECB policymaker comments in run up to June policy meeting

[Reuters] U.S. warns China could hack infrastructure, including pipelines, rail systems

[Bloomberg] Europe’s Economic Engine Is Breaking Down

[WSJ] U.S. Regulator Vows Tough Line on Problem Banks

[WSJ] China, Pushing Ukraine Cease-Fire, Gets Cool Reception in Europe

[FT] US credit squeeze triggers rise in corporate bankruptcies

[FT] Yield-hungry investors push US money market assets to record $5.4tn

Thursday Evening Links

[Yahoo/Bloomberg] AI Drives Tech Rally, Outweighing US Debt Concerns: Markets Wrap 

[Reuters] Wall Street ends higher as Nvidia sparks rush for AI stocks

[Reuters] US credit default swaps flash default warning and speculators rush in

[Yahoo/Bloomberg] Yen Weakens Past 140 Per Dollar as Traders See Another Fed Hike

[Reuters] Biden, McCarthy appear near to deal on US debt ceiling as default looms

[CNN Live Updates] Debt ceiling talks continue as default deadline looms

[The Hill] House leaves town with no debt ceiling deal

[AP] Threat of US credit downgrade looms over debt ceiling talks

[Yahoo/Bloomberg] US Treasury Discussing Tweaks to Payment Practices as Debt Clock Ticks

[Yahoo/Bloomberg] Fed Traders Fully Price In an Interest-Rate Hike Once Again

[Reuters] Russia moves ahead with deployment of tactical nuclear weapons in Belarus

[Reuters] U.S. State Department warns China could hack infrastructure, including pipelines, rail systems