Wednesday, January 3, 2024

Thursday's News Links

[Yahoo/Bloomberg] Bonds Selloff Resumes; US Dollar Steadies: Markets Wrap

[Yahoo/Bloomberg] Yen Falls as Earthquake Raises Bar for BOJ to End Negative Rates

[CNBC] Private payrolls added 164,000 in December, beating expectations, ADP says

[Reuters] US job cuts fall back in December but nearly double for all of 2023

[Dow Jones] Jobless claims drop to nearly three-month low of 202,000

[Reuters] US online holiday spending up 5% on steep discounts, BNPL options - report

[Yahoo/Bloomberg] Spot Container Shipping Rates Soar 173% on Red Sea Diversions

[Reuters] US carries out strike in Baghdad against militia leader

[Yahoo/Bloomberg] Deadly Iran Blasts and Rea Sea Warnings Fan Mideast Tensions

[Reuters] Euro zone business activity shrank again in Dec, pointing to recession

[Reuters] Inflation up in German states, pointing to national rise

[Reuters] China's Dec services activity expands at quickest pace in 5 months - Caixin PMI

[Yahoo/Bloomberg] China’s Fiscal Spending Will Rise This Year, Finance Chief Says

[Yahoo/Bloomberg] Earthquake Raises Hurdle for BOJ to End Negative Interest Rates

[Yahoo/Bloomberg] Korea Credit Risks Threaten Spillover as Builder Taeyoung Slides

[Reuters] South Korea, US conduct week-long firing drills near North Korea border

[Bloomberg] Dudley: If Only We Knew the Problems Facing America's Banks

[Bloomberg] The Houthis Are Now Iran’s Most Potent Proxy

[Bloomberg] Wall Street's Ambitions in China Run Into a Rising Firewall

[WSJ] Stocks’ Bad Start to 2024 Has Forecasters On Edge

[WSJ] Why Companies Still Aren’t in a Firing Mood

[WSJ] The Hidden Force Pushing Mortgage Rates Down

[WSJ] Iran Vows Revenge Over Deadly Bomb Attack at Soleimani Memorial

[FT] Is private credit a systemic risk?

[FT] China steps up aid for regional banks as economic risks mount

Wednesday Evening Links

[Reuters] Wall St notches second lower finish as 2024 starts with profit-taking

[Reuters] Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya

[Yahoo/Bloomberg] Apple Leads $383 Billion Tech Rout in Reversal From Group’s 2023 Rally

[Yahoo/Bloomberg] Fed Sees Rates Staying High for Some Time With Cuts Eyed in 2024

[Reuters] At December meeting, some Fed officials mulled end to balance sheet cuts

[Yahoo/Bloomberg] Markets See Fed’s Exit From Quantitative Tightening Nearing

[Reuters] US bankruptcies surged 18% in 2023 and seen rising again in 2024 -report

[NYT] Fed Minutes Showed Officials Feeling Better About Inflation

[WSJ] U.S., Allies Give Houthis Ultimatum: Stop Ship Attacks or Face Consequences

[FT] Fed officials said rates could remain high ‘for some time’

[FT] Hizbollah vows retaliation against Israel after killing of Hamas official

Wednesday Afternoon Links

[Reuters] Wall St extends slide ahead of Fed meeting minutes

[Yahoo Finance] Oil jumps 3% on supply disruption worries as tensions rise in the Middle East

[Yahoo/Bloomberg] Dollar Extends New-Year Rally as Traders Hope for Clues on Fed

[Yahoo/Bloomberg] Bond Traders Show Early Signs of Re-Think on Dovish Pivot

[Yahoo/Bloomberg] Key Takeaways From Minutes of Fed’s December Rate Meeting

[Reuters] Fed minutes cite "diminished" inflation risks, concern about "overly restrictive" policy

[Reuters] US job openings near three-year low; manufacturing remains weak

[Reuters] GM leads US auto sales as industry heads for best year since pandemic

[Reuters] Hezbollah head vows group will not 'be silent' after Israeli killing of Hamas deputy chief

[Reuters] More than 100 killed in 'terrorist attacks' near tomb of Iranian Guards' Soleimani

[Yahoo/Bloomberg] Hedge Funds Cashed In on 2023 Rally That Retail Investors Missed, Bank of America Says

[WSJ] Fed Minutes Suggest Rate Hikes Are Over, but Offer No Timetable on Cuts

[WSJ] U.S.-led Coalition Warns Houthis to Stop Ship Attacks