MARKET NEWS / CREDIT BUBBLE DAILY

Thursday, August 26, 2021

MARKET NEWS / CREDIT BUBBLE DAILY
Thursday, August 26, 2021
Doug Noland Posted on August 25, 2021

[Yahoo/Bloomberg] Stocks Drop as Tech Retreats; Crude Oil Declines: Markets Wrap

[Reuters] Shares tap the brakes, bonds sense caution

[Yahoo/Bloomberg] Chinese Tech Shares Slip, Snapping Three-Day Rally; Liquor Falls

[Reuters] Oil rally ends amid COVID-19 concerns, returning supply

[Reuters] U.S. second-quarter economic growth revised slightly higher; weekly jobless claims rise

[Reuters] Fed’s Powell likely to give few hints on bond-buying taper timeline

[Yahoo/Bloomberg] Fed’s George Says Time to Get Taper Started, Despite Delta Risk

[CNBC] South Korea hikes interest rates, the first developed economy to do so in pandemic era

[Reuters] Japan’s service prices sustain rise as demand weathers COVID hit

[Yahoo/Bloomberg] Evergrande EV Stock Loses $80 Billion in World’s Worst Rout

[Yahoo/Bloomberg] Ping An Profit Sinks on $3.2 Billion Hit From China Fortune

[Bloomberg] China’s Communist Party Vows to Both Grow and Share Economic Pie

[Bloomberg] Billionaire Donations Soar in China Push for ‘Common Prosperity’

[WSJ] World’s Largest Chip Maker to Raise Prices, Threatening Costlier Electronics

[WSJ] Chinese Property Giant Warns of Losses After Cutting Apartment Prices

[WSJ] Delta Variant’s Spread Clouds Outlook for Emerging-Market Debt

[WSJ] U.S. Covid-19 Hospitalizations Nearly Doubled in August as Some States Ask for Resources

[FT] Fed prepares for virtual Jackson Hole meeting under cloud of Delta

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