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[Yahoo Finance] Goldman Sachs is under pressure. So is the rest of Wall Street. [Reuters] PIMCO CIO says preparing for ‘harder landing’ for global economy, Financial Times reports [Reuters] French police, long unreformed, under scrutiny after shooting [Yahoo/Bloomberg] Xi’s Central Bank Shakeup Prioritizes Continuity Over Big Change [Bloomberg] A $2 Trillion Inflation-Linked Debt Headache Arrives […]
Hope Amid Dangerous Times The pre-party was alive and well in financial markets this week as America looks forward to Independence Day celebrations. The merrymaking featured economic optimism, a re-embrace of the dream of a reinvigorated “everything bubble” 2.0, and a widespread buy-in to the promise that while interest rates may be headed higher for […]
[Reuters] Top U.S. banks raise dividends after sailing through Fed stress tests [Reuters] China names foreign-exchange regulator Pan Gongsheng as central-bank party boss [Reuters] China new home prices edge down in June for second consecutive month [Reuters] France riots: 45,000 police, armoured vehicles deployed to quell unrest [Reuters] Japan says Russian warships spotted near Taiwan, […]
For the Week: The S&P500 gained 2.3% (up 15.9% y-t-d), and the Dow rose 2.0% (up 3.8%). The Utilities increased 0.5% (down 8.1%). The Banks rallied 3.4% (down 20.5%), and the Broker/Dealers added 2.3% (up 5.0%). The Transports surged 5.7% (up 16.0%). The S&P 400 Midcaps jumped 4.3% (up 7.9%), and the small cap Russell […]
[Yahoo/Bloomberg] Bonds Extend Losses With Inflation Data in Focus: Markets Wrap [Yahoo/Bloomberg] China’s PBOC Sticks With Yuan Support as Currency Losses Deepen [Reuters] Japan finance minister warns against excessive yen weakening [CNBC] Key Fed inflation measure shows prices rose just 0.3% in May [Reuters] US targets China over semiconductors [Yahoo/Bloomberg] American States Once Awash In […]
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[Yahoo/Bloomberg] Stocks Gain as Upbeat Earnings Offset Policy Hawks: Markets Wrap [CNBC] Treasury yields climb as investors digest Fed Chair Powell’s interest rate comments [Reuters] US yield curve inversions deepen as Fed signals higher rates [AP] Expect a hot, smoky summer in much of America. Here’s why you’d better get used to it [Reuters] China […]
[Yahoo/Bloomberg] Chips Drag Down US Stocks; Stoxx 600 Gains: Markets Wrap [Yahoo/Bloomberg] China Sidesteps Yuan Support After Currency Pulls Back From Lows [Yahoo/Bloomberg] Oil Fluctuates as Mixed Economic Signals Spur Choppy Trading [Yahoo/Bloomberg] Nvidia Drops on Report US Plans More AI Chip Curbs for China [Yahoo/Bloomberg] House Price Cuts Point to Start of Downturn, Zoopla […]
