Tuesday, August 15, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Waver Before Fed Minutes; Pound Climbs: Markets Wrap

[Reuters] Yield gap between China and US widens to highest since 2007 after surprise rate cut

[Yahoo/Bloomberg] Oil Steady as China Concerns Jostle With Tightening Inventories

[Reuters] Fed meeting minutes could hint at end of rate hikes

[Reuters] Higher-for-longer rates regime pressures US recession trades

[Reuters] US single-family housing starts surge in July

[CNBC] Weekly mortgage demand drops again, as interest rates match a 22-year high

[Reuters] Fed, economists make course correction on US recession predictions

[AP] McCarthy floats stopgap funding to prevent a government shutdown at the end of next month

[Yahoo/Bloomberg] Saudi Pile of US Treasuries at Six-Year Low in Shift to Risk

[Yahoo/Bloomberg] Chinese Shadow Bank Misses Dozens of Payments as Fallout Spreads

[Reuters] Zhongrong Trust's missed payments trigger fears among Chinese investors

[Reuters] China's economic woes mount as trust firm misses payments, home prices fall

[Yahoo/Bloomberg] China Markets Approach Grim Milestones as Selloff Spirals

[Yahoo/Bloomberg] China Digs Deeper Into Toolbag in Grapple With Investor Gloom

[Yahoo/Bloomberg] China Home Prices Drop at Faster Pace as Downturn Worsens

[Reuters] China's new home prices fall for first time this year, dimming economic outlook

[Yahoo/Bloomberg] China Is Hiding More and More Data From the Rest of the World

[Yahoo/Bloomberg] China Asks Some Funds to Avoid Net Equity Sales as Markets Sink

[Reuters] Analysis: Country Garden undone by promise to bring 5-star life to China's hinterland

[Yahoo/Bloomberg] BlackRock, Allianz Among Holders of Country Garden Dollar Bonds

[Reuters] UK inflation pressure stays strong despite fall in headline rate

[Axios] Strongman economics aren't working for China and Russia

[Yahoo/Bloomberg] China Calls Taiwan Frontrunner a ‘Troublemaker’ Risking War

[WSJ] Is It Time to Worry About Consumer Debt? What Is Going On in Seven Charts

[WSJ] Investors Need to Worry About the Bond Market’s Return to Normality

[WSJ] Beijing Is Caught in a Catch-22 as Economy, Currency Stumble

[WSJ] Russia’s Central Bank Can’t Stop Ruble Trouble

[FT] Retail investors complain to Chinese regulator about Zhongzhi

[FT] China’s housing market is . . . not good

[FT] Vladimir Putin to hold meeting on Russian currency controls after rouble slide

Tuesday Evening Links

[Yahoo/Bloomberg] Asia Traders Brace for Losses After US Stocks Sink: Markets Wrap

[Reuters] Wall St ends lower; strong retail sales stoke interest rate worries

[Yahoo/Bloomberg] Banks Slash China Growth Forecasts, With JPMorgan Seeing 4.8%

[Reuters] Hedge funds dump Chinese stocks aggressively as growth outlook dims

[The Hill] South Korea president calls for deeper security cooperation with US ahead of summit

[Bloomberg] BlackRock, Allianz’s Country Garden Bond Exposure Draws Focus

[NYT] Why This Company’s Financial Crisis Threatens China’s Economy

[WSJ] China’s Young, Restless—and Jobless

[FT] US Treasury yields hit highest level this year after strong retail sales data

Tuesday Afternoon Links

[Reuters] S&P 500 Drops Below Key Level in Late-Day Slide: Markets Wrap

[Reuters] Wall St ends lower; strong retail sales stoke interest rate worries

[Reuters] US bank stocks fall on prospect of tougher oversight, more downgrades

[Reuters] US gasoline prices at year high, tight supply weighs on motorists

[Yahoo Finance] Why bond rating downgrades are the last thing banks need right now

[Yahoo/Bloomberg] Shale Wells Are Losing Oil Output Faster Than Expected, Study Says

[Reuters] Analysis: China trust deficit: crisis spurs shadow banking policy response calls