Wednesday, June 29, 2022

Wednesday, June 29, 2022
Doug Noland Posted on June 29, 2022

[Yahoo/Bloomberg] Stocks Fall Amid Worries About Growth; Oil Climbs: Markets Wrap

[Reuters] World stocks skid as consumer data flashes recession worry

[Reuters] Oil prices take breather after three-day rally

[CNBC] Mortgage demand stalls again, even as interest rates swing briefly lower

[Yahoo/Bloomberg] Fed Is ‘Just at the Beginning’ of Raising US Rates, Mester Says

[Reuters] U.S. power companies face supply-chain crisis this summer

[Yahoo/Bloomberg] Ukraine Latest: NATO Summit Set to Bolster Forces on High Alert

[Yahoo/Bloomberg] Biggest Currency Rout Since 1997 Puts Asia Central Banks in Bind

[Reuters] BOJ’s Kuroda vows to keep easy policy as Japan less affected by global inflation

[CNBC] China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds

[Reuters] China car retail sales up 28% in June 20-26 – China auto industry body

[Reuters] China’s Xi says COVID strategy is ‘correct and effective’

[Yahoo/Bloomberg] Spanish Inflation Soars to 10% as ECB Gears Up for Hikes

[Yahoo/Bloomberg] ECB’s Wunsch Says Government Aid May Spell More Rate Hikes

[Yahoo/Bloomberg] Germany Doubles Next Year’s Borrowing Target as Pressures Mount

[Reuters] Turkey lifts veto on Finland, Sweden joining NATO, clearing path for expansion

[Reuters] Exclusive: India’s top cement maker paying for Russian coal in Chinese yuan

[NYT] Highest Mortgage Rates Since 2008 Housing Crisis Cool Sales

[NYT] Crypto Crash Widens a Divide: ‘Those With Money Will End Up Being Fine’

[WSJ] Behind the Celsius Sales Pitch Was a Crypto Firm Built on Risk

[WSJ] Liquid Alt Funds Head for Record Inflows as Stocks and Bonds Drop

[FT] El-Erian: The risk of a flip-flopping Fed

[FT] US to boost Europe military presence as Nato strengthens defences

[FT] China’s Marxism majors prosper amid labour market woes

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