Tuesday, December 5, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Keep Rate-Cut Faith as Bond Rally Falters: Markets Wrap

[Reuters] Oil drops as markets mull OPEC+ cuts' efficacy, China demand concerns

[Yahoo/Bloomberg] PBOC Steps Up Yuan Support Via Fixing After Moody’s Outlook Cut

[CNBC] Private payrolls increased by 103,000 in November, below expectations, ADP says

[Yahoo/Bloomberg] US Mortgage Rate Drops to Four-Month Low, Boosting Refinancing

[Yahoo/Bloomberg] BOE Sees More Risk From Hedge Funds’ Treasuries Basis Trade

[Reuters] US regulators clamp down in bid to prevent more bank failures

[Reuters] Saudi Arabia urges US restraint as Houthis attack ships in Red Sea

[Yahoo/Bloomberg] Japanese Buyers Snap Up New York, London Buildings in Spending Spree

[Yahoo/Bloomberg] China Seeks to Contain Fallout From Moody’s Bearish Outlook

[Reuters] Young Chinese spurn traditional investments in favour of gold

[Yahoo/Bloomberg] BOJ’s Deputy Chief Hints That End of Negative Rate May Be Closer

[Reuters] BOJ must carefully time, design exit from low rates - deputy gov Himino

[Reuters] Japan manufacturers' mood jumps, second straight month of gains - Reuters Tankan

[Reuters] Moody's changes Hong Kong's outlook to negative from stable

[Yahoo/Bloomberg] Traders Turbocharge ECB Bets by Predicting 2.5% Rate in 2024

[Reuters] Venezuela's Maduro to push oil exploration in disputed territory

[Reuters] Putin, flanked by Russian fighters, jets into Middle East to talk oil

[CNN] 2023 will officially be the hottest year on record, scientists report

[Bloomberg] Moody’s Cuts China Banks Outlook After Sovereign Downgrade

[Bloomberg] ECB’s Kazimir Says First-Quarter Rate Cut Is ‘Science Fiction’

[WSJ] Bitcoin Mining Used More Water Than New York City Last Year

[FT] The Bank of England is still v v worried about Treasury basis trades

[FT] Bank of England warns on risks in private credit and leveraged lending

[FT] Economists see Fed keeping rates at 22-year high until at least July

[FT] Investors bet on rapid ECB rate cuts as economic outlook darkens

Tuesday Evening Links

[Yahoo/Bloomberg] Asia Stocks to Gain, Treasuries Rally on US Jobs: Markets Wrap

[Yahoo/Bloomberg] Treasury Frenzy Drives 10-Year Yield Below 4.2%: Markets Wrap

[Bloomberg] Humanity Is on the Verge of 5 Climate ‘Tipping Points,’ Report Warns

[NYT] Xi Jinping Is Asserting Tighter Control of Finance in China

[NYT] China Evergrande’s Crash Was Accelerated by Questionable Accounting

[FT] Against the odds, China’s push to internationalise its currency is making gains

Tuesday Afternoon Links

[Reuters] Trading mixed after job openings hint at cooling economy 

[Yahoo/Bloomberg] Bonds Up as Slackening Jobs Fuel Fed-Pivot Views: Markets Wrap

[Yahoo/Bloomberg] US Services Sector Gauge Picks Up on Improved Business Activity

[Reuters] US job openings hit more than 2-1/2-year low as labor market cools

[Reuters] Markets outpacing the Fed may be in for a Christmas season scolding

[Yahoo/Bloomberg] ‘No Bears Left’ Is Worrying Refrain Coming From Wall Street