Wednesday, July 12, 2023

Thursday's News Links

[Yahoo/Bloomberg] Stocks Extend Rally as Risk-On Mood Sinks Dollar: Markets Wrap

[Reuters] Gold hits 4-week peak as Fed seen nearing end of rate hikes

[Reuters] Oil Gains on Easing US Inflation as IEA Still Sees Record Demand

[Dow Jones] Jobless claims drop to 237,000 and point to still-strong U.S. labor market

[AP] US wholesale prices for June point to further easing of inflation pressures

[Yahoo/Bloomberg] Bonds Are Hostage to an Elusive Neutral Rate That Keeps Shifting

[Reuters] Excessive heat is baking US Southwest and expected to get worse

[Yahoo/Bloomberg] Tornado Hits Chicago Area, Forcing Over 330 Flight Cancellations

[Reuters] Bank of Canada's record tightening campaign exposes lenders' mortgage risks

[Yahoo/Bloomberg] BOJ Speculation Stirs in Tokyo as Traders Weigh July Policy Tweak

[Reuters] China's exports fall most in three years as global economy falters

[Yahoo/Bloomberg] China’s Worse-Than-Expected Exports Deal New Blow to Economy

[Yahoo/Bloomberg] China’s $400 Billion Pension Sends New Warning on Debt Risks

[Yahoo/Bloomberg] Investors Slash China Local Government Bond Tenors to Shortest On Record

[Reuters] Germany publishes new strategy on 'increasingly assertive' China

[Reuters] Russian general says top military brass betrayed soldiers fighting in Ukraine

[Reuters] G20 to discuss international debt architecture, more loans to developing nations

[Reuters] Fall from grace: How the property crash unravelled Sweden's SBB

[Yahoo/Bloomberg] Hong Kong to Ban Japan Seafood If Fukushima Wastewater Released

[Reuters] Southern Europe swelters as Cerberus heatwave bites

[Yahoo/Bloomberg] India Considers Banning Most Rice Exports on Inflation Fears

[Bloomberg] Wall Street Results Expected to Take a Hit From Cost Pressures, Rate Struggle

[NYT] Looming U.S. Investment Restrictions on China Threaten Diplomatic Outreach

[WSJ] Banks Can’t Shortchange Savers Forever

[WSJ] Insurers Are in the Hot Seat on Climate Change

[WSJ] China’s Drop in Exports Signals Deepening Slowdown in Global Trade

[WSJ] Xi Jinping Chokes Off Crucial Engine of China’s Economy

[FT] US junk bond market shrinks as rising rates put off borrowers

[FT] A global subsidy war? Keeping up with the Americans

[FT] Why China is flirting with deflation as the west battles high prices

Wednesday Evening Links

[Reuters] Nasdaq leads Wall St to higher close as CPI report lifts sentiment

[Reuters] Options hedges against a break in US stock market calm at record high

[Reuters] US Southwest mired in heat wave that could topple records

[WSJ] U.S. Takes Third Shot at Shoring Up Money-Market Funds

[FT] US money market funds face fees to deter a ‘dash for cash’ repeat

[FT] Record olive oil prices keep climbing after Spanish drought

Wednesday Afternoon Links

[Reuters] Wall St rallies as cooling inflation eases Fed rate hike fears

[Yahoo/Bloomberg] Dollar’s Epic Drop Sends Franc and Yen Surging as Traders Weigh Fed Path

[Yahoo/Bloomberg] Bond Yields Fall on Bets Fed Nearing End of Hikes: Markets Wrap

[Reuters] Leveraged bets in US Treasury market could 'amplify' stress, BoE warns

[Yahoo/Bloomberg] SEC Imposes Money-Market Fund Rules to Thwart Rapid Outflows

[Reuters] Global public debt hits record $92 trillion, UN report says

[Reuters] Bank of Canada hikes rates, says prepared to raise them further

Wednesday's News Links

[Yahoo/Bloomberg] Dollar Drops, Stocks Gain After US Inflation Data: Markets Wrap

[CNBC] 2-year Treasury yield tumbles after June CPI is less than expected

[Reuters] Yen Strengthens Through 140 as Bulls Bet on Turning Point

[Yahoo/Bloomberg] Oil Holds Gain on Signs Russian Crude Flows Starting to Decline

[CNBC] Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases

[Reuters] US 30-yr mortgage rate tops 7% for first time since last fall

[Yahoo/Bloomberg] Hedge Funds’ US Treasury Bets Pose Stability Risk, Says BOE

[Yahoo Finance] Banks are fighting to keep deposits. How much is it costing them?

[Reuters] Chinese hackers accessed government emails, Microsoft says

[Reuters] S&P Global's top economist sees dollar dominance diminishing

[Reuters] Japan's wholesale inflation slows for 6th straight month

[Yahoo/Bloomberg] Credit Suisse AT1 Fallout Embroils More Japan Brokerages

[Yahoo/Bloomberg] New Zealand Keeps Rates on Hold as Inflation Pressures Wane

[Reuters] Russia's Medvedev: NATO's military aid to Ukraine brings World War Three closer

[Reuters] North Korea fires long-range missile ahead of South Korea, Japan meeting

[Bloomberg] China State Fund Moves to Cut Exposure to Weak LGFVs, Builders

[Bloomberg] China's Hidden-Debt Problem Laid Bare in Zunyi City's Half-Finished Roads, Empty Flats

[WSJ] Credit Scores Went Up in Pandemic. Now, More Borrowers Are Slipping.

[WSJ] U.S. Government Emails Hacked in Suspected Chinese Espionage Campaign

[WSJ] London’s Canary Wharf Takes Brunt of Real-Estate Pain

[FT] Assured Guaranty has more than $10bn exposure to troubled UK water companies

[FT] US carmakers face a union looking for its ‘defining moment’

[FT] BoE says one of the biggest risks to UK financial stability lurks in the US

[FT] Gap in borrowing costs between developed and emerging markets at 16-year low