MARKET NEWS / CREDIT BUBBLE DAILY

Wednesday, June 21, 2023

MARKET NEWS / CREDIT BUBBLE DAILY
Wednesday, June 21, 2023
Doug Noland Posted on June 21, 2023

[Yahoo/Bloomberg] Stocks Struggle Before Powell; UK Rate Bets Rise: Markets Wrap

[Reuters] Stocks and bonds reflect fears of Powell embracing his inner hawk

[Yahoo/Bloomberg] Yuan Extends Drop as PBOC’s Weak Fix Worsens Fragile Sentiment

[Yahoo Finance] Powell: ‘Nearly all’ Fed members expect to raise rates again this year

[Yahoo/Bloomberg] Fed Picks Pledge to Cool Inflation in Senate Nomination Hearing

[Yahoo/Bloomberg] Money Funds With Record $5.5 Trillion See Case for Pile to Grow

[Yahoo/Bloomberg] UK Inflation Overshoots Again, Raising Pressure for Higher Rates

[Reuters] UK’s stubborn inflation fails to fall, turning up heat on BoE

[Yahoo/Bloomberg] UK Bank Stocks ‘Back in Danger Zone’ as Rates Climb, Says Exane

[Reuters] UK net debt passes 100% of GDP for first time since 1961

[Reuters] Russia strikes Kyiv, Zelenskiy says Moscow’s forces being ‘destroyed’

[Yahoo/Bloomberg] China State Media, Government Advisers Call for Economic Support

[Yahoo/Bloomberg] China Begins Nationwide Push to Reveal Hidden Government Debt

[Reuters] China unveils $72 bln tax break for green cars to spur demand

[Yahoo/Bloomberg] One BOJ Member’s View Is Set to Help Speculation Over July Move

[Yahoo/Bloomberg] Europe Car Sales Rose 18% in May on Soaring Demand for EVs

[Reuters] German recession will be sharper than expected: Ifo

[Reuters] Turkish central bank to hike rates sharply in post-election pivot

[Yahoo/Bloomberg] Wall Street Is Baffled as Turkey’s Reckoning Over Rates Arrives

[Yahoo/Bloomberg] What Really Happened the Night the Nickel Market Broke

[Bloomberg] Chinese Official Blasts US Over Taiwan After Blinken-Xi Meeting

[WSJ] Fed’s Powell Says Interest-Rate Pause Is Expected to Be Temporary

[WSJ] Wall Street Buys More T-Bills, Parks Less at Fed

[WSJ] Vacant Offices Are Piling Up in Silicon Valley

[WSJ] Business Confidence in China Falls to Record Low, EU Lobby Poll Shows

[FT] China hits out at US after Joe Biden calls Xi Jinping a ‘dictator’

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