Wednesday, May 8, 2024

Wednesday, May 8, 2024
Doug Noland Posted on May 8, 2024

[Yahoo/Bloomberg] Stock Rally Hits Wall After Earnings Disappoint: Markets Wrap

[Reuters] Dollar gains ground; subdued yen prompts Japan warning

[Yahoo/Bloomberg] Oil Drops With Bearish US Stockpiles Compounding Weaker Outlook

[CNBC] Gold bars are selling like hot cakes in Korea’s convenience stores and vending machines

[Yahoo/Bloomberg] Cocoa’s Dizzying Volatility Is Spilling Into the Coffee Market

[Yahoo/Bloomberg] BOJ’s Ueda Ramps Up Yen Warnings While Traders Keep Selling

[Reuters] Israel pessimistic on Gaza truce talks, but delegation remains in Cairo

[AP] Russia hits Ukraine’s power grid with a ‘massive’ attack on a day marking the WWII defeat of Nazism

[CNBC] Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates

[Reuters] Exclusive: US eyes curbs on China’s access to AI software behind apps like ChatGPT

[Yahoo/Bloomberg] China’s Surging Industrial Loans Aren’t Going to Its Factories

[Yahoo/Bloomberg] Taiwan Exports to US Jump by Record as China Shipments Fall

[Reuters] Sweden’s Riksbank makes first rate cut since 2016, expects two more in 2024

[Reuters] German industrial output falls less than expected in March

[Yahoo/Bloomberg] Demand for Italian Retail Bonds Sags in Sign of Buyer Fatigue

[AP] US, Australian and Philippine forces sink a ship during war drills in the disputed South China Sea

[Reuters] Taiwan says its military is ready for China moves around new president’s inaugural

[Bloomberg] Americans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t Track

[WSJ] BOJ Governor Says Early Rate Hike Possible if Prices Rise Faster Than Expected

[FT] The painful slump in Hong Kong property

[FT] Record temperatures expected to continue to drive extreme weather

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