Monday, July 3, 2023

Tuesday's News Links

[Yahoo/Bloomberg] Real Estate Leads European Stock Gains; Oil Rises: Markets Wrap

[Yahoo/Bloomberg] Oil Rallies After Saudi Arabia and Russia Curb Supplies

[CNBC] Canadian West Coast ports negotiation reaches impasse as port owners say ‘course change’ required

[Reuters] Beijing jabs in US-China tech fight with chip material export curbs

[Yahoo/Bloomberg] Xi’s Metal Curbs Risk Backfiring as G-7 Seeks China Alternative

[Reuters] What are Gallium and Germanium and which countries are producers? 

[Yahoo/Bloomberg] China Banks Offer 25-Year Loans to LGFVs to Avert Credit Crunch

[Reuters] China state lenders lower dollar deposit rates for second time in a month - sources

[Yahoo/Bloomberg] China Forex Regulator’s Foreign Funds Seen Topping $1.5 Trillion

[Reuters] Central bank surprises see June become bumper 2023 rate hike month

[CNBC] Inflation blame game: UK economic woes set government and central bank on a collision course

[Reuters] Australia's central bank holds rates, signals more hikes maybe required

[Yahoo/Bloomberg] JPMorgan Analyst Sounds a Warning About Britain’s Housing Market

[Reuters] Explainer: How Japan plans to release Fukushima water into the ocean

[Reuters] Breaking Views: El Nino will brew up potent new economic storm

[Reuters] Temperatures seen surging as El Nino weather pattern returns

[CNBC] Russia’s Medvedev cites risks of nuclear war; Moscow calls loss of Wagner forces ‘no threat’ to combat abilities

[Bloomberg] New Zealand House Prices Fall Further, Denting Rebound Optimism

[WSJ] Higher-for-Longer Rates Are a Debt Threat. Investors Don’t Want to Hear It Yet.

[WSJ] America’s Factory Building Boom

[WSJ] China’s Chip Industry Braces for Further Sanctions With Concerns and Defiance

[WSJ] U.S. Looks to Restrict China’s Access to Cloud Computing to Protect Advanced Technology

[FT] China’s curb on metal exports reverberates across chip sector

[FT] Why are interest rate rises not taming inflation?

[FT] Marine Le Pen seizes on French riots in push to outflank Emmanuel Macron

[FT] Toyota says solid-state battery breakthrough can halve cost and size

Monday Evening Links

[Yahoo/Bloomberg] Asian Futures Slip as Equities Momentum Moderates: Markets Wrap

[Reuters] Wall St ends slightly higher in shortened session, Tesla jumps

[Reuters] Explainer: U.S. yield curve hits deepest inversion since 1981: What is it telling us?

[Reuters] US manufacturing slump deepens, factory gate price pressures subdued

[Reuters] Bankruptcy filings surge in first half of 2023 in US - Epiq

[Reuters] U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report

[Yahoo/Bloomberg] Chicago Pension Debt Rises to $35 Billion as Mayor Hunts for Fix

[Yahoo/Bloomberg] Drought Menacing Thailand Threatens Global Supply of Sugar, Rice

[Bloomberg] America’s Biggest Power Source Wasn’t Built for Extreme Weather

Monday Afternoon Links

[Yahoo/Bloomberg] US Stocks Rally Frays After Manufacturing Data: Markets Wrap

[Reuters] Spread between 2- and 10-year Treasuries at deepest inversion since '81

[Yahoo/Bloomberg] Cocoa Surges to 13-Year High as Disease Ravages West Africa Crop

[Reuters] Bank of America to hold talks with Fed on stress test results

[Reuters] Exclusive: India refiners start yuan payments for Russian oil imports -sources