Tuesday, July 18, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Bonds Rally After UK Inflation Cools; Pound Drops: Markets Wrap

[Yahoo/Bloomberg] UK Bonds Lead Global Rally as Aggressive Rate-Hike Bets Unwind

[Yahoo/Bloomberg] Oil Rises to $80 as Russian Supply Drop Offsets Economy Risks

[Reuters] Fed's last rate hike coming at July meeting, economists say

[CNBC] Mortgage-refinance demand recovers some after rates come off recent highs

[Yahoo/Bloomberg] ‘Payment Shock’ Looms for Millions With US Student-Loan Restart

[Reuters] Goldman profit slides to three-year low on consumer losses

[Reuters] Europe battles heatwave and fires, record temperatures scorch China

[Reuters] UK's high inflation cools, offering some relief to Bank of England

[Yahoo/Bloomberg] Euro-Area Core Inflation Quickened More Than Thought in June

[Reuters] Kyiv says Russia targets grain infrastructure with strikes on Ukraine's Odesa ports

[Reuters] Ukraine's farmers fear the worst after grain deal collapses

[Yahoo/Bloomberg] Russia Hands Seized Danone, Carlsberg Assets to Putin Allies

[Yahoo/Bloomberg] China Junk Bonds Suffer Worst Slide of 2023 as Defaults Mount

[CNBC] China says foreign trade faces ‘extremely severe’ situation, blames geopolitics for slump

[Yahoo/Bloomberg] Chinese Economists Push Back On ‘Balance Sheet Recession’ Risk

[Yahoo/Bloomberg] Rich Chinese Eye Australia Homes as 700,000 to Leave by 2025

[Yahoo/Bloomberg] China Poses ‘Alarming’ Threat to US Grid, Lawmakers Told

[Bloomberg] Only 1% of US Homes Have Changed Hands So Far This Year, Redfin Says

[Bloomberg] Tokyo Traders Eye Key Inflation Data as They Consider Bets on BOJ Policy Tweaks

[NYT] Why Britain’s Mortgage Holders Are Being Squeezed

[WSJ] Homeowners Don’t Want to Sell, So Home Builders Are Booming

[FT] US banks under pressure as corporate depositors demand higher rates

[FT] New US antitrust guidance puts private equity and tech deals in focus

[FT] The west must prepare for Vladimir Putin to weaponise energy again

[FT] Climate action in an era of great power competition

Tuesday Evening Links

[Yahoo/Bloomberg] Asian Stocks Face Mixed Open on China; Kiwi Climbs: Markets Wrap 

[Reuters] U.S. hit by blazing heat, smoky air, tropical storm all at once

[Yahoo/Bloomberg] Extreme Heat Drives Texas Power Demand to Another Record

[Yahoo/Bloomberg] A $500 Billion Corporate-Debt Storm Builds Over Global Economy

[Reuters] Russia carries out air strikes for second night on Ukraine's Odesa port -governor

[Reuters] North Korea fires two missiles after U.S. submarine arrives in S.Korea

Tuesday Afternoon Links

[Reuters] Dow, S&P 500 rise after upbeat earnings from big banks

[Yahoo/Bloomberg] Oil Rises as Russian Exports Slow, Rate Hikes Expected to Stop

[Reuters] US retail sales rise moderately; economy plodding along

[CNBC] Homebuilder sentiment rises again in July, but builders warn higher mortgage rates are hurting

[Dow Jones] Industrial Production and Manufacturing Output Dropped in June

[Reuters] Healthy US consumers shrug off recession concerns, for now

[Yahoo/Bloomberg] G-20’s ‘Intense’ Talks Fail to Break Deadlock Over Debt Relief

[Yahoo/Bloomberg] G-20 Latest: India Says G-20 at Odds Over War, Debt-Relief Issue

[Reuters] Canada's inflation falls to 27-month low but underlying pressures persist

[WSJ] Bonds Are a Problem, and One Solution, for Bank of America

[WSJ] Retailers’ Problems Get Real

Tuesday's News Links

[Yahoo/Bloomberg] Bonds Rally as Rate-Hike Reprieve Comes Into View: Markets Wrap

[Yahoo/Bloomberg] Gold Climbs as Bond Yields Fall After Comments by ECB Official

[Yahoo/Bloomberg] Oil Ticks Higher as Russia Shipments Show More Signs of Easing

[Reuters] Turkish lira hits record low ahead of rate decision

[Reuters] US retail sales rise slightly in June; core retail sales solid

[Yahoo Finance] Homebuilder confidence up again as demand for new construction continues

[CNBC] The war against inflation is a long way away from being won

[Reuters] Long-feared corporate debt woes start to hit home

[Reuters] Russia strikes Ukraine grain port after exiting export deal

[Yahoo/Bloomberg] BofA Leans on Wall Street, Not Main Street, for Strong Earnings

[Reuters] UK on track for most company insolvencies since 2009

[Yahoo/Bloomberg] China Property Recovery Proves Short-Lived as Industry Contracts

[Yahoo/Bloomberg] China Developer Bonds on Cusp of Distress After Wanda Surprise

[AP] China Evergrande reports its debt rose to $340 billion in 2022. It plans meetings with creditors

[Yahoo/Bloomberg] Evergrande Pushes Restructuring After Posting $81 Billion Loss

[Reuters] Evergrande's liabilities, depleted coffers raise business viability concerns

[Reuters] Heatwave brings health warnings as extreme weather grips globe

[Yahoo/Bloomberg] Tokyo Heat Smashes 150-Year Trend as Extreme Weather Bakes Globe

[Reuters] US, S.Korean officials huddle for new nuclear war planning talks

[Bloomberg] More Americans Are Getting Turned Down for Loans, Fed Data Shows

[NYT] Jerome Powell’s Prized Labor Market Is Back. Can He Keep It?

[WSJ] Record Miami Land Sale Collapses Amid Commercial Real-Estate Slowdown

[FT] US funds hit limits on holdings of high-flying tech stocks

[FT] China and Russia step up military co-operation on Japan’s doorstep