MARKET NEWS / CREDIT BUBBLE DAILY

Friday, June 2, 2023

MARKET NEWS / CREDIT BUBBLE DAILY
Friday, June 2, 2023
Doug Noland Posted on June 2, 2023

[Yahoo/Bloomberg] US Stocks Gain On Strong Jobs Data; Dollar Dips: Markets Wrap

[Reuters] Dollar sags as Fed bets ebb, debt bill passes; Aussie soars

[Yahoo/Bloomberg] Oil Advances as Market Eyes Weekend OPEC+ Meeting in Vienna

[CNBC] Payrolls rose 339,000 in May, much better than expected in resilient labor market

[Reuters] Fed ‘skip’ chatter triggers dollar’s biggest weekly fall since January

[Reuters] US Congress averts historic default, approves debt-limit suspension

[Yahoo/Bloomberg] BofA Says AI Frenzy Drives Record Inflows Into Tech

[Yahoo/Bloomberg] The Fed’s Inflation Fight Faces a New Challenge: A Dry Panama Canal

[AP] US, Taiwan sign trade deal over China’s opposition

[Reuters] Arizona restricts Phoenix home construction amid water shortage

[Reuters] OPEC+ unlikely to agree bigger oil cuts on Sunday, sources say

[Reuters] BOJ’s Ueda keeps free hand, says no time frame for achieving price goal

[Yahoo/Bloomberg] China Mulls New Property Support Package to Boost Economy

[Yahoo/Bloomberg] Investors Zero In on China Local Debt Blowup as Top Risk in Asia

[Reuters] ‘Relentless’ heatwaves scorch southern China, test power grids

[WSJ] As China Risks Grow, Manufacturers Seek Plan B—and C and D

[FT] Why America’s economic policy muddle matters

 

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