Wednesday, August 3, 2022

Wednesday, August 3, 2022
Doug Noland Posted on August 3, 2022

[Yahoo/Bloomberg] Stocks Rise After Pelosi Wraps Up Taiwan Visit: Markets Wrap

[Yahoo/Bloomberg] Oil Turns Higher as OPEC+ Agrees to Miniscule Production Hike

[Yahoo/Bloomberg] Libor Jumps to Highest Since 2008 on Fed Hike Expectations

[AP] Pelosi says US will not abandon Taiwan as China protests

[Reuters] Pelosi hails Taiwan’s free society as China holds military drills, vents anger

[Yahoo/Bloomberg] China Hits Taiwan With Trade Curbs Amid Tensions Over Pelosi

[Reuters] Taiwan defence ministry says Chinese drills seriously violated island’s sovereignty

[Reuters] Taiwan expects increased ‘psychological warfare’ attacks after Pelosi visit

[CNBC] Mortgage applications inch up for the first time in five weeks

[Yahoo/Bloomberg] Fed ‘Nowhere Near’ Finished With Inflation Fight, Daly Says

[AP] Inflation weighs on back-to-school buying for many families

[Reuters] China July services activity expands at quickest pace in 15 months – Caixin PMI

[Reuters] As U.S. eyes new China chip curbs, turmoil looms for global market

[Yahoo/Bloomberg] World’s Food Supply Faces New Threat From Lack of Rain in India

[Reuters] Record trade deficit adds to India’s external balance challenges, rupee woes

[Yahoo/Bloomberg] Turkish Inflation Approached 80% in July and Has Yet to Peak

[Bloomberg] China Warns Airlines to Avoid ‘Danger Zones’ Around Taiwan

[NYT] A Fed Pivot? Not Yet, Policymakers Suggest, as Rapid Inflation Lingers.

[WSJ] Recession Risks Are Mounting. Here’s Why Businesses Are Still Hiring.

[FT] Nancy Pelosi vows US support for Taiwan as officials warn of China military blockade

[FT] China’s military response to Pelosi visit raises escalation fears

[FT] China suspends 2,000 food products from Taiwan as Nancy Pelosi visits

[FT] German gas shortage risks ‘unforeseeable consequences’, says Commerzbank

[FT] Investors grow frustrated with hedge funds after historic losses

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