Wednesday, June 28, 2023

Thursday's News Links

[Yahoo/Bloomberg] Treasury Yields Spike as Data Fuel Fed Hike Bets: Markets Wrap

[CNBC] Treasury yields jump after major GDP upward revision, strong jobs data

[Reuters] US yield curve inversions deepen as Fed signals higher rates

[Reuters] China Resumes Yuan Support With Stronger-Than-Expected Fixing

[Yahoo/Bloomberg] Oil Steadies After Big Drop in US Stockpiles Boosts Optimism

[Yahoo/Bloomberg] US Jobless Claims Drop by Most Since 2021 in Holiday Week

[CNBC] First quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision

[Yahoo Finance] Housing conditions worsened for homebuyers in May

[AP] Expect a hot, smoky summer in much of America. Here’s why you’d better get used to it

[Yahoo/Bloomberg] Dealmakers Adrift as $1 Trillion Vanishes in First-Half

[Reuters] Factbox: Policy measures China's central bank could use to stem yuan weakness

[Yahoo/Bloomberg] China’s Arsenal of FX Support Is Ready as Yuan Pessimism Lingers

[Yahoo/Bloomberg] China’s New Law Extends Xi’s Combative Foreign Policy Stance

[Reuters] Ueda Says More Confidence in 2024 Prices Needed For BOJ Shift

[Reuters] Explainer: What would Japanese intervention to boost the weak yen look like?

[Reuters] Inflation up in German states, pointing to national rise

[BBC] Thames Water in urgent funding talks amid fears of collapse

[Reuters] Deep distrust of EU leaves Italy's Meloni in a corner over bailout fund

[Reuters] France unrest: Macron calls crisis meeting after second night of rioting

[Bloomberg] Investors Warn Hedge Funds: Beware a Sudden Shift in Treasury Yield Curve

[Bloomberg] Chinese Are Becoming More Pessimistic About Incomes and Housing

[WSJ] Jerome Powell Says Bank Failures Underscore Need for Stronger Regulation, Supervision

[FT] Big US banks would lose $541bn in doomsday scenario, predicts Fed

[FT] Bank of America nurses $100bn paper loss after big bet in bond market

Wednesday Evening Links

[CNBC] S&P 500 is little changed as traders weigh new Powell comments 

[Yahoo/Bloomberg] Oil Gains as Larger-Than-Expected Stockpile Drop Shocks Market

[Reuters] US mulls new export restriction on computing power in AI chips

[Reuters] US goods trade deficit narrows; retail inventories rise

[Yahoo/Bloomberg] Powell Signals Fed Open to Two Straight Hikes at Coming Meetings

[Yahoo/Bloomberg] Fed's Powell: I won't take two consecutive rate hikes 'off the table'

[FT] Central bank chiefs warn interest rates will keep rising

[FT] UK government looks at nationalising Thames Water as crisis deepens

Wednesday's News Links

[Yahoo/Bloomberg] Chips Drag Down US Stocks; Stoxx 600 Gains: Markets Wrap

[Yahoo/Bloomberg] China Sidesteps Yuan Support After Currency Pulls Back From Lows

[Yahoo/Bloomberg] Oil Fluctuates as Mixed Economic Signals Spur Choppy Trading

[Yahoo/Bloomberg] Nvidia Drops on Report US Plans More AI Chip Curbs for China

[Reuters] Relentless heat wave scorches US South, air quality deteriorates over Midwest

[Reuters] Over $200 billion potentially stolen from U.S. COVID relief programs, watchdog says

[Reuters] China's industrial profits tumble, deepening economic gloom

[Yahoo/Bloomberg] Ukraine Recap: Russian Rocket Kills Nine in Ukrainian Restaurant

[Politico] We have reached the point of maximum Russian danger

[Axios] An unstable Russia could hinder Beijing's ambitions

[Yahoo/Bloomberg] Some ECB Officials Weigh Faster Reduction of Bond Portfolio

[Reuters] Italy rounds on "simplistic" ECB over rate hikes

[CNBC] ECB chief economist warns markets against pricing in rate cuts within the next two years

[Reuters] Taiwan says it spots two Russian warships off its east coast

[FT] Italy’s Giorgia Meloni rails against further ECB rate rises

[FT] China’s $7tn energy overhaul sparks battery ‘gold rush’