Thursday, June 6, 2024

Friday's News Links

[CNBC] Stocks slide after better-than-expected jobs report boosts yields: Live updates

[CNBC] 10-year Treasury yield shoots higher after May payrolls top expectations

[Yahoo/Bloomberg] Gold Slumps as China’s Central Bank Halts 18-Month Buying Spree

[CNBC] U.S. job gains totaled 272,000 in May, more than expected

[Yahoo/Bloomberg] Moody’s May Cut Six US Banks on Commercial Real Estate Exposure

[CNBC] The U.S. added 600,000 new millionaires last year as AI fueled markets

[Reuters] Global equity funds rack up robust weekly inflows on rate cut bets

[Reuters] Japan finance minister says forex intervention should be done in restrained manner

[Yahoo/Bloomberg] Japan’s Households Boost Outlays for First Time in 14 Months

[Yahoo/Bloomberg] Slump in Offshore Yuan Forwards Boosts Talk of PBOC Easing Grip

[Reuters] China's exports rise solidly, but slower imports temper outlook

[Yahoo/Bloomberg] ECB’s Preferred Pay Gauge Accelerates in New Inflation Warning

[Yahoo/Bloomberg] ECB Officials Get Cautious on More Cuts as Wages Pick Up

[Reuters] Russia, China wrangle with US over UN resolution on Gaza ceasefire plan

[Reuters] China strongly opposes U.S. arms sales to Taiwan, urges withdrawal

[Yahoo/Bloomberg] US Upping Pressure on Houthis in Threat to Yemen-War Truce

[NYT] China’s Exports Surge as Trade Tensions Near Boiling Point

[WSJ] Food Companies Are Still Paying the Price for Years of Inflation

[FT] Tett: There are risks lurking in the world of private capital

[FT] European Central Bank policymakers warn against ‘autopilot’ approach to more rate cuts

Thursday Evening Links

[Reuters] S&P 500, Nasdaq close slightly down ahead of US payrolls data

[Yahoo/Bloomberg] Mexican Peso Tumbles as Ruling Party Vows to Pass Reforms

[Yahoo/Bloomberg] Oil Rises as OPEC Ministers Reiterate Output Path May Be Changed

[Reuters] GameStop surges almost 50% as 'Roaring Kitty' teases livestream

[Axios] U.S. to open broad antitrust probe into AI giants: source

[Axios] Scoop: U.S. warns Israel "limited war" with Lebanon could draw Iran to intervene

[Politico] As Europe votes, a populist wave surges 

Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks and Bonds Fall in Run-Up to US Jobs Report: Markets Wrap

[Reuters] Wall Street mixed as Nvidia retreat hits tech stocks; payrolls data in focus

[Yahoo/Bloomberg] Oil Rises as OPEC Ministers Reiterate Output Path May Be Changed

[Reuters] US trade deficit widens in April

[Yahoo/Bloomberg] Lagarde’s Reluctant Cut Leaves Markets Guessing on Next ECB Move

[Reuters] ECB and Canada cut rates as easing among big economies gets going

[Reuters] ECB governors see July rate cut as unlikely, focus now on Sept -sources

[Yahoo/Bloomberg] ECB’s Holzmann Dissented on Rate-Cut Vote Because of Data

[Yahoo/Bloomberg] Private Credit and Its Investors Fret the Golden Age Has Gone

[Yahoo/Bloomberg] Active ETFs Boom as State Street Eyes Record $260 Billion Inflow

[Yahoo/Bloomberg] Banks Tap Complex Mortgage Product to Fight Deposit Flight Risk

[Yahoo/Bloomberg] Traders Stunned by Election Surprises From Mexico City to Mumbai

[Yahoo/Bloomberg] Israel Ups War Rhetoric as Hezbollah’s Attacks Raise Alarm

[Reuters] D-Day anniversary 2024:  World leaders, veterans, commemorate Normandy landings

[Reuters] NY power grid faces shortfalls as new energy supply lags, operator says

[NYT] Office Building Losses Start to Pile Up, and More Pain Is Expected