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[Yahoo/Bloomberg] US Futures Slip on Inflation Angst; Dollar Gains: Markets Wrap [Yahoo/Bloomberg] Yen Tumble Continues as Weakness Spreads Beyond the Dollar [Reuters] Oil prices advance despite U.S. inventory rise [Yahoo/Bloomberg] Lira Sinks to 17 Per Dollar as Erdogan Rate Talk Fuels Forex Demand [CNBC] Mortgage demand falls to the lowest level in 22 years, amid […]
[Yahoo/Bloomberg] US Stocks Drop as Growth Fears Fester: Markets Wrap [Yahoo/Bloomberg] Bitcoin Falls Back Below $30,000 as Range-Bound Trading Persists [Reuters] Oil prices stable as market juggles risk sentiment with tight supplies [Yahoo/Bloomberg] Gold’s Haven Appeal Burnished by Drumbeat of Growth Warnings [Reuters] Target warns on margins as excess inventory weighs [CNBC] Housing wealth gains […]
[Yahoo/Bloomberg] US Stocks Rise on Tech Rally; Dollar Dips: Markets Wrap [Reuters] Oil prices hit $120 as Saudi July price rise eclipses OPEC+ deal [Yahoo/Bloomberg] Fed Delivers Fuzzier Rate Message as It Gauges Impact of Hikes [Yahoo Finance] Dreams of improved supply chains ‘shattered’ for the near term: Citi [CNBC] Russia thinks it has found […]
[Yahoo/Bloomberg] Saudis Raise Oil Prices More Than Expected Amid Asia Rebound [Yahoo/Bloomberg] ECB Is Ready to Tighten Just as Global Peers Speed Up: Eco Week [Reuters] Kyiv rocked by blasts from Russian cruise missiles, Ukraine says [Yahoo/Bloomberg] Ukraine Latest: Explosions in Kyiv for First Time Since April [Reuters] Putin warns West: Russia will strike harder […]
The Good, The Bad, and The Ugly “May you live in interesting times” is said to be an ancient Chinese curse. We’ll, I don’t know if it’s actually a curse, but interesting times are certainly upon us. We have a historic financial asset bubble threatening to deflate; an inflation problem of 40-year-high proportions; a schizophrenic, […]
[Reuters] Wall St Week Ahead: U.S. stock market rebound faces key inflation test [Yahoo/Bloomberg] Ukraine Latest: Kyiv Warns of Food Crisis Amid Port Blockade [Newsweek] ‘They’re Jamming Everything’: Putin’s Electronic Warfare Turns Tide of War [Yahoo/Bloomberg] Hedge Fund D1 Sinks Nearly 23% This Year on Public, Private Bets [UPI] California officials install devices to limit […]
The week arguably offered some clarity on key facets of today’s murky financial, economic and policy backdrops. At this point, the U.S. economy is anything but falling off a cliff. A stronger-than-expected 390,000 jobs were added during May (April revised slightly higher to 436k). The unemployment rate was unchanged at a multi-decade low 3.6%. Wednesday’s […]
[Yahoo/Bloomberg] US Bonds Extend Decline With US Payrolls in Focus: Markets Wrap [Yahoo/Bloomberg] Oil Hangs on to Weekly Gain as OPEC+ Supply Boost Disappoints [AP] US added 390,000 jobs in May as hiring remained robust [Reuters] U.S. bond funds post first weekly inflow in five months [Reuters] Some hedge funds face steep losses after betting […]
