Wednesday, August 23, 2023

Thursday's News Links

[Yahoo/Bloomberg] Nasdaq Jumps 1% as Nvidia Stokes Tech Rally: Markets Wrap

[Yahoo/Bloomberg] Oil Wavers as Venezuela Supply Outlook Eases Demand Concerns

[Reuters] Fed coming up snake eyes in its battle with spend-happy consumers

[AP] Summer spending at bars & restaurants surges as Americans shrug off inflation, recession fears

[Yahoo/Bloomberg] KKR’s Latest Bankruptcy Deal Is a Bad Omen for Lenders

[Reuters] China central bank boosts offshore bill sales to stabilise yuan, says ex-official

[Yahoo/Bloomberg] China Property Stocks Gauge on Cusp of Erasing Reopening Rally

[Yahoo/Bloomberg] China’s LGFV Insiders Say $9 Trillion Debt Problem Is Worsening

[Reuters] Stimulus or bust: Investors staying out of China until the spending starts

[Reuters] BRICS invites Saudi, Iran and others to join developing world bloc

[Dow Jones] Turkey's Central Bank Raises Key Interest Rate to 25%

[Reuters] Fukushima wastewater released into the ocean, China bans all Japanese seafood

[NYT] How China Made Its Housing Crisis Worse

[WSJ] Real Rates Aren’t Your Real Friends

[WSJ] China’s Crisis of Confidence in Six Charts

[FT] The local government debt that threatens China’s economy

[FT] China capitalises on US sanctions in fight to dethrone dollar

[FT] Are hedge fund pioneers facing the end of a golden era?

Wednesday Evening Links

[Yahoo/Bloomberg] Asia Stocks Set to Climb as Treasury Yields Recoil: Markets Wrap

[Yahoo/Bloomberg] Nvidia Soars as Insatiable AI Demand Fuels Blowout Forecast

[Reuters] Nvidia adds jet fuel to AI optimism with record results, $25 billion buyback

[Yahoo/Bloomberg] Ukraine Recap: Wagner Chief Was on Jet That Crashed, Russia Says

[Reuters] Analysis: Little relief for indebted Canadian homeowners as mortgage rates seen higher for longer

[Reuters] Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources

[WSJ] How High a Rate Can Housing Take?

[WSJ] Recession Fears Have Been ‘Blown Out of the Water,’ Long-Serving Fed President Says

[FT] On China’s property mess and its banks’ “impossible trinity”

[FT] How risky is Japan’s release of radioactive water from Fukushima?

Wednesday Afternoon Links

[Reuters] Wall St gains in run up to Nvidia's high-stakes results 

[Yahoo/Bloomberg] Powell Is Using Jackson Hole as Final Push in Inflation Fight

[Dow Jones] U.S. Economy Weakens in August as Stagnation Rears Head, PMIs Suggest

[Dow Jones] U.S. New Home Sales Rose More Than Expected in July

[Reuters] Gloomy U.S. retail outlook dulls hopes of strong holiday season spending

[Yahoo/Bloomberg] Landlords With $1.2 Trillion of Debt Face Rising Default Risks

[Yahoo/Bloomberg] Quant Stock Trades Are Breaking Away From Bonds

[Reuters] Exclusive: India set to ban sugar exports for first time in 7 years

[Reuters] Chandrayaan-3 spacecraft lands on the moon in 'victory cry of a new India'