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[Yahoo/Bloomberg] Dollar Gains, Stocks Slip as China Clouds Outlook: Markets Wrap [Reuters] Stocks pause as faltering China knocks oil and copper [Yahoo/Bloomberg] Oil Sinks to Six-Month Low on China Outlook, Iran Supply Boost [Yahoo/Bloomberg] New York Manufacturing Plunges by Second-Most in Data to 2001 [AP] Deadline looms for drought-stricken states to cut water use [Yahoo/Bloomberg] […]
Contradictions & Catch-22s A sleepy month of August this is not. On the week, the raging rally in major market equity indexes continued. The flagship S&P 500 gained an impressive 3.26%, commodities joined the party, and precious metals participated in the positive price action as well. Elsewhere in markets, the dollar sagged and bonds were […]
[Yahoo/Bloomberg] Fed Minutes May Reveal Inclinations on Size of Next Rate Hike [Reuters] U.S. lawmakers arrive in Taiwan amid China tensions [SCMP] Fifty million empty flats threaten to plunge China’s troubled property market further into crisis, warns think tank [MSN/NYT] With New Weaponry, Ukraine Is Subtly Shifting Its War Strategy [MSN/Guardian] Europe’s rivers run dry […]
[CNBC] House passes massive climate, tax and health bill, sending Biden a core piece of his agenda to sign [Yahoo/Bloomberg] Ukraine Latest: Optimism for Griner Swap; Hungary-Russia Gas [AP] Russian shelling heavy in east; Ukraine strikes key bridge [Yahoo/Bloomberg] Spaghetti Sauce Is Under Threat as Water Crisis Slams Tomatoes [Yahoo/Bloomberg] China Hits ‘Liquidity Trap’ as […]
Wednesday’s CPI release was telling. July consumer price inflation data were somewhat better than forecasts. Instead of increasing 0.2%, headline CPI was flat for the month. “Core” prices rose 0.3%, less than the expected 0.5%. From a fundamental perspective, a single month of marginally improved inflation data is not an earthshaking development. Fed officials were […]
[Yahoo/Bloomberg] Stocks Rise Amid Easing Inflation Concerns: Markets Wrap [Reuters] Oil prices set for weekly climb, but cloudy outlook caps gains [Yahoo/Bloomberg] Yields Soar in Australia and New Zealand as World Rethinks Slower Rate Hikes [Reuters] U.S. import prices decline for first time in seven months [Reuters] Fed’s Daly is open to 75 bps hike […]
