Sunday, June 4, 2023

Monday's News Links

[Yahoo/Bloomberg] Oil Climbs on Saudi Cut While US Stocks Fluctuate: Markets Wrap

[Reuters] Oil rises on Saudi plan to deepen output cuts from July

[Yahoo/Bloomberg] The Fed’s Interest Rate Strategy Is Getting Tricky as Plans to Skip a Hike Emerge

[Reuters] Analysis: Debt-ceiling deal ignores US debt time bomb

[Reuters] Forever in debt: Why U.S. loans are getting longer

[Reuters] Signs of de-dollarisation emerging, Wall Street giant JPMorgan says

[Reuters] Analysis: US hotel developers run out of cash as construction lending dries up

[Yahoo/Bloomberg] Private Credit is Poised for a Multi-Trillion-Dollar Boom, But It Could Get Ugly Soon

[Reuters] Exclusive: Crypto giant Binance controlled ‘independent’ U.S. affiliate’s bank accounts

[Yahoo/Bloomberg] Morgan Stanley Expects a Shock 16% US Profit Drop to Kill Rally

[Reuters] Analysis: Strong economy puts Bank of Canada's 4-month rate hike pause in doubt

[Reuters] Euro zone business growth slowed in May as factories struggled-PMI

[CNBC] Europe is struggling with a precarious water situation ahead of another drought-riven summer

[Yahoo/Bloomberg] China Says Local Debt Under Control, No Systemic Risk Seen

[Reuters] China's services activity picks up in May on improved demand- Caixin PMI

[Yahoo/Bloomberg] China’s Targeted Stimulus Steps Raise Doubts About Rate Cuts

[Yahoo/Bloomberg] Negative-Yielding Debt Returns to Almost $2 Trillion on BOJ

[Reuters] Japan's service activity expands at record pace in May

[AP] US releases video showing close-call in Taiwan Strait with Chinese destroyer

[WSJ] Big Banks Could Face 20% Boost to Capital Requirements

[WSJ] Sunbelt Construction Boom Threatens Top Apartment-Building Owners

[WSJ] Big American Companies Wonder: When Will China Bounce Back?

[FT] US banks prepare for losses in rush to commercial real estate exit

[FT] How America is reshaping the global economy

Sunday Evening Links

[CNBC] Stock futures are little changed after the S&P 500’s best week since March

[Yahoo/Bloomberg] Asian Stocks, Oil Find Support; Dollar Inches Up: Markets Wrap

[Reuters] Oil prices jump more than $2 per barrel after Saudi pledges to cut more output

[Reuters] Saudi to extend its 500,000 barrel-per-day voluntary oil cut until the end of 2024

[FT] Turkey’s new finance minister pledges return to ‘rational’ economic policy