Tuesday, April 9, 2024

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Sink as CPI Shuts Door on Fed June Pivot: Markets Wrap

[CNBC] 10-year Treasury yield jumps back above 4.5% after CPI tops estimates

[Yahoo/Bloomberg] Gold Slips as US Inflation Print Signals Likely Rate Cut Delay

[Reuters] Oil Holds Two-Day Loss as Report Points to Rising US Inventories

[Yahoo/Bloomberg] Gold’s Vertiginous Ascent Isn’t Over Yet, Fund Managers Say

[Yahoo/Bloomberg] Copper Extends Surge on Bets That Demand is Poised to Boom

[AP] US inflation up again in March in latest sign that price pressures remain elevated

[CNBC] Consumer prices rose 3.5% from a year ago in March, more than expected

[Yahoo/Bloomberg] US Mortgage Rates Top 7% Again, Weakening Demand for Homes

[Reuters] Funds selling options help temper US stock swings

[Yahoo/Bloomberg] Ueda Says BOJ Won’t Alter Policy to Respond Directly to Weak Yen

[Reuters] Fitch cuts China's ratings outlook on growth risks

[Yahoo/Bloomberg] China Vanke Tumbles to Decade Low as Manager Probe Adds to Woes

[Yahoo/Bloomberg] Global Venture Funding Drops 30% as China Helps Drag Market Down

[AP] Biden meets Japan’s PM Kishida over shared concerns about China and differences on US Steel deal

[Reuters] China's Xi says nobody can stop 'family reunion' with Taiwan

[Bloomberg] Yen Slides Past 152 Per Dollar, Boosting Intervention Risk

[Bloomberg] The South China Sea Is the World’s Next Flashpoint

[WSJ] BOJ Will Consider Policy Change If Weak Yen Causes Inflation Overshoot

[WSJ] Russia and China Double Down on Defying U.S.

[WSJ] Xi Leverages Former Taiwanese President to Send Signal to U.S.

[FT] Investors pump $126bn into ETFs in March

[FT] Fitch cuts China credit outlook to negative on ‘uncertain economic prospects’

[FT] The rusting ship focusing Joe Biden and his Indo-Pacific allies on China

Tuesday Evening Links

[Yahoo/Bloomberg] S&P 500 Stages Late-Day Rebound With CPI in Focus: Markets Wrap

[CNBC] A crucial report Wednesday is expected to show little progress against inflation

[Yahoo/Bloomberg] Fed's Bostic still expects 1 rate cut in 2024 but doesn’t rule out 0 or 2

[NYT] Higher for Longer After All? Investors See Fed Rates Falling More Slowly.

[NYT] Why Oil Prices Have Been Rising Recently

[FT] China and Russia pledge to work together to maintain ‘supply chain stability’

[FT] Bridgewater’s Bob Prince says Fed rate-cutting hopes are ‘off track’

Tuesday Afternoon Links

[Reuters] Wall St backs down as markets brace for inflation data, earnings