Sunday, August 20, 2023

Monday's News Links

[Yahoo/Bloomberg] US Stocks Bounce After Three-Week Slump: Markets Wrap

[Reuters] Stocks, yields rise as traders balance China, oil supply

[Yahoo/Bloomberg] Oil Rises for Third Day as Tighter Market Vies With Demand Risks

[Reuters] China's state banks seen mopping up offshore yuan liquidity - sources

[Reuters] Morning Bid: Bonds burn on as China rate cut underwhelms

[Reuters] China surprises with modest rate cut amid growing yuan risks

[Yahoo/Bloomberg] China’s Surprise Move on Loan Rates Shows Banks Under Pressure

[Reuters] China's fiscal revenue slows as economy struggles

[Yahoo/Bloomberg] China Local Governments to Sell $206 Billion of Financing Debt

[Reuters] Asking prices for UK homes drop sharply - Rightmove

[Yahoo/Bloomberg] BOJ’s Record-Bond Buying Is Driving Need for Yield-Curve Tweaks

[Yahoo/Bloomberg] Lira Lifeline Became $124 Billion Problem That Haunts Turkey

[Reuters] What is BRICS, which countries want to join and why?

[CNBC] Major shipping routes are struggling with water shortages. El Niño could make it worse

[Bloomberg] Putin, Xi and BRICS Allies See Chance to Shake Up World Order

[NYT] As China Falls Into Deflation, the Mood Turns Dark

[WSJ] Banks Don’t Love Rich Mortgage Borrowers as Much as They Used To

[WSJ] Booming China-Russia Trade Sends Trench-Digging Machines to Ukraine’s Front Lines

[FT] China cuts loan rate less than expected as calls grow to stimulate economy

[FT] Roach: China’s ‘whack-a-mole’ economic playbook leads to confusion

[FT] The à la carte world: our new geopolitical order

Sunday Evening Links

[CNBC] S&P 500 futures are little changed Sunday after another losing week: Live updates

[Reuters] Hilary makes landfall over Baja California peninsula, set to pummel US Southwest

[AP] Sweltering temperatures bring misery to large portion of central US, setting some heat records

[Reuters] Texas power grid operator calls for voluntary conservation

[Reuters] Canada to deploy armed forces in British Columbia to tackle fast-spreading fires

[Reuters] Morning Bid: China to cut rates, but will it 'go big'?

[Bloomberg] Risk of Debt Crisis Return Seen in Korea on Credit Union Woes

[FT] China urges Brics to become geopolitical rival to G7