MARKET NEWS / CREDIT BUBBLE DAILY

Friday, August 9, 2019

MARKET NEWS / CREDIT BUBBLE DAILY
Friday, August 9, 2019
Doug Noland Posted on August 8, 2019

[Reuters] Stocks slip after Wall Street’s best day in two months

[Reuters] Europe rattled by Italy stress, safe havens keep gaining

[Reuters] Treasuries – U.S. yields turn lower after U.S. July PPI data

[Reuters] Yen gains on trade jitters; euro unfazed by Italy’s political row

[Reuters] Italy’s bond yields rise after Salvini calls time on government

[Reuters] U.S. producer prices rise; underlying inflation muted

[Reuters] China lowers yuan mid-point to fresh 11-year low, but higher than forecasts

[CNBC] China’s food prices jump 9.1% in July as the country battles African swine fever

[Reuters] China’s producer prices fall for first time in three years, add to deflation worries

[AP] US-China trade war weakening demand for oil

[Reuters] Italy’s League seeks to trigger elections, files censure motion

[AP] UK economy shrinks for first time since 2012 as Brexit bites

[Reuters] Huawei unveils Harmony operating system, but won’t ditch Android for smartphones

[AP] Trump calls on Fed to make ‘substantial’ rate cuts

[Reuters] U.S. Midwest farm economy hit hard by record floods: Fed banks

[Reuters] Economic downturn to hit Hong Kong like a ‘tsunami’, city’s leader warns

[Bloomberg] U.S. Calls China a ‘Thuggish Regime’ as Hong Kong Feud Escalates

[FT] Chinese sovereign fund plans to take stake in troubled bank

[FT] Turkey sidelines at least nine senior central bank officials

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