Wednesday, August 2, 2023

Thursday's News Links

[Yahoo/Bloomberg] Treasury Rout Unnerves Traders as Stocks Retreat: Markets Wrap

[Yahoo/Bloomberg] Year of the Bond Dashed as Treasuries Set for Worst Week of 2023

[Yahoo/Bloomberg] Oil Fluctuates as Risk-Off Mood Vies With Record Inventory Drop

[Yahoo/Bloomberg] A Sudden Jump in Volatility Spells Trouble for US Stocks

[Reuters] US weekly jobless claims rise moderately; layoffs drop to 11-month low

[Reuters] US services sector slows in July while prices pick up, ISM survey shows

[CNBC] Geopolitical risks are a top global threat to businesses, survey finds

[AP] Why are gas prices rising? Experts point to extreme heat and oil production cuts

[CNBC] Foreign buyers are bailing on the U.S. housing market. Here’s why

[Yahoo/Bloomberg] Private Equity Deal Drought Spurs Firms to Raise Cash Creatively

[Reuters] Bank of England raises borrowing costs to 15-year peak, signals rates to stay high

[Reuters] Insight: BOJ makes bold shift as yen risks grow too big to ignore

[Yahoo/Bloomberg] BOJ Intervenes for Second Time This Week to Slow Yield Spike

[Reuters] China's July services activity expands at quicker pace - Caixin PMI

[Yahoo/Bloomberg] China Investment Shrinks in Almost One Third of Provinces

[Yahoo/Bloomberg] China Spooks Commodity Traders With Probe Into Suspicious Deals

[Reuters] Floods test China's disaster-response systems as emergency level raised

[Yahoo/Bloomberg] China Braces for More Wild Weather After Deadly Beijing Storms

[Reuters] Australia office vacancies edge up to highest level since 1990s

[Bloomberg] Share Buybacks Get the Boot as Corporate America Reinvests in Itself

[Bloomberg] These Student Loan Borrowers Are Refusing to Pay Their Bills

[NYT] Debt Downgrade, Driven by Partisanship, Is Unlikely to Deter Borrowing

[FT] ECB dove says inflation battle can be won without more interest rate rises

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks to Fall as US Shares, Treasuries Drop: Markets Wrap

[Yahoo/Bloomberg] S&P 500 Has Worst Day Since April After Big Rally: Markets Wrap

[Reuters] Fitch downgrades Fannie Mae, Freddie Mac after US rating cut

[Yahoo/Bloomberg] Ex-S&P Analyst Who Cut US Rating in 2011 Says AAA Is No God-Given Right

[Yahoo/Bloomberg] Paulson, Geithner Urge Moving on US Debt Before It’s Even Harder

[Reuters] Fitch highlighted Jan. 6 insurrection with Treasury ahead of US downgrade

[FT] Russian attacks increase pressure on global food prices

Wednesday Afternoon Links

[Reuters] Wall Street drops, investors step back after Fitch downgrades US

[Yahoo/Bloomberg] US Tech Rally Takes Hit as Investors Pull Back Bets on Risk Assets

[Yahoo/Bloomberg] Fitch Says US Fiscal Metrics and Governance Spurred Credit-Rating Cut

[Yahoo/Bloomberg] US Ramps Up Debt Issuance, Adding Fuel to Selloff in Treasuries

[Yahoo/Bloomberg] Bonds Are Useless Hedge for Stock Losses as Correlation Jumps

[Yahoo/Bloomberg] Yellen Calls Fitch Downgrade of US Credit Rating ‘Flawed’

[Yahoo/Bloomberg] Fitch Move Spotlights US Debt Risk as Recession Fear Fades

[Reuters] U.S. housing availability rate slips in second quarter

[Reuters] Analysis: China holds the key to avoiding Argentina's IMF default. The price tag is unknown

[WSJ] Insurers Are Facing More Than One Kind of Inflation

[WSJ] A Drawn-Out Ukraine War Opens New Risks for China

[FT] US debt downgrade greeted with Washington outrage and market calm

[FT] Russia hands out weapons to civilian defence forces near Ukraine border