MARKET NEWS / CREDIT BUBBLE DAILY

Thursday, May 2, 2024

MARKET NEWS / CREDIT BUBBLE DAILY
Thursday, May 2, 2024
Doug Noland Posted on May 2, 2024

[Yahoo/Bloomberg] Stocks Gain as Rates Relief Sets In: Markets Wrap

[Reuters] Yen weakens, paring sharp rise after suspected intervention

[Yahoo/Bloomberg] Yen Bears Push Back on Japan’s Suspected Intervention Again

[Yahoo/Bloomberg] Oil Rises After Dropping to Seven-Week Low on US Inventory Gain

[Reuters] US weekly jobless claims unchanged; layoffs decline in April

[Dow Jones] U.S. trade deficit clings to the highest level in almost a year

[Yahoo/Bloomberg] Blackstone Taps Vast Source of Cash in $1 Trillion Credit Push

[Yahoo/Bloomberg] Japan Tries to Maintain Mystery on Whether it Intervened on Yen

[Reuters] Japan’s May 1 intervention may have cost $23.6 bln, BOJ data shows

[Yahoo/Bloomberg] Yen’s Sustained Weakness Frustrates Even Japanese Exporters

[CNBC] World’s largest olive oil producer says the industry faces one of its toughest moments ever

[Bloomberg] US Labor Costs Rise by Most in a Year as Productivity Cools

[NYT] What Will It Take for the Fed to Lower Rates?

[WSJ] Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver’s Seat

[WSJ] The Treasurys Market Is Getting Squeezed From All Sides

[WSJ] The Exodus of China’s Wealthy to Japan

[FT] Jay Powell’s dilemma: the US economy is too strong to cut rates

[FT] Bond market liquidity squeeze keeps regulators alert to risks

[FT] Japan is haunted by a return to emerging-economy status

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