Thursday, June 3, 2021

Thursday, June 3, 2021
Doug Noland Posted on June 2, 2021

[Yahoo/Bloomberg] U.S. Stocks Drop on Geopolitics, Fed: Markets Wrap

[Reuters] Stocks wobble on inflation concerns ahead of U.S. payrolls

[Yahoo/Bloomberg] Gold Retreats After Fed Stimulus Comments, Dollar Gains

[Reuters] Oil steady after sharp rise on improved demand picture

[CNBC] Companies hired nearly a million new workers in May, ADP says

[Reuters] U.S. weekly jobless claims drop below 400,000

[Dow Jones] Labor Shortage Draws Attention of U.S. Lawmakers

[AP] Drought Ravages Reservoirs Ahead of Hot Summer

[Reuters] China’s services activity growth slows in May – Caixin PMI

[Yahoo/Bloomberg] Huarong Peers Tell Beijing They’re Worried About Dollar Funding

[Yahoo/Bloomberg] Chinese Consumers Escape Higher Prices as Factories Absorb Costs

[Reuters] Euro zone business growth soared in May as restrictions eased -PMI

[Reuters] Russian National Wealth Fund to abandon all assets in U.S. dollars

[Yahoo/Bloomberg] Battle Looms in Key Oil Market as Iran Aims to Seize Back Sales

[Yahoo/Bloomberg] Supply Chains Pressured in China as Ships Avoid Virus-Hit Port

[Bloomberg] Building a Home in the U.S. Has Never Been More Expensive

[Bloomberg] Global Home Prices Rise Most Since 2006, Fueling Bubble Concerns

[Bloomberg] Fed Exits the Credit Market It Changed Forever

[Bloomberg] Credit Bulls Back in Force as ECB Taper Fades Into the Distance

[NYT] Yellen Aims to Win Support for Global Tax Deal

[WSJ] DeFi Is Helping to Fuel the Crypto Market Boom—and Its Recent Volatility

[WSJ] Palantir and DoorDash CEOs Top List of Biggest Pay Packages in 2020

[WSJ] Chinese Property Bonds Are Hot, Defaults Aside

[FT] Global food prices post biggest jump in a decade

[FT] ‘Kind of crazy’: how the booming US used car market is driving inflation

[FT] ‘Draghi put’ holds Italy’s bond markets in thrall

[FT] Beijing quashes annual Hong Kong rally to mark Tiananmen massacre

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