July 22 (Friday)
Latest Morning Briefing Executive Summary: Financials, China & Russian Gas
Banks have been navigating rising interest-rate seas remarkably well, managing to keep low the interest rates they pay out on deposits and raise the rates they take in on loans. As a result, net interest margins have been improving nicely from last year’s depressed levels. If banks can keep that up, the income upside would be substantial. … Also: China may regret not opposing Russia’s war in Ukraine if emerging market nations, struggling under the burden of war-induced food and energy inflation, aren’t able to make good on their debt payments to China. … And: A timely look at innovative ways to generate and store energy.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on July 18.
Markets
Stocks Finish Higher as Earnings Continue; Tesla Jumps Nearly 10% | W
What Is the Yield Curve? Wall Street’s Recession Alarm Is Ringing. | N
Fund Managers Show ‘Dire’ Levels of Pessimism, Poll Finds | N
Central banks
The ECB Raises While Mario Draghi Falls | W
ECB Raises Rates by Half-Percentage Point in First Hike Since 2011 | W
European Central Bank surprises markets with larger-than-expected rate hike | C
Analysis: R.I.P. forward guidance: Inflation forces central banks to ditch messaging tool | R
US
2 Big Reasons the Housing Market Will NOT Collapse | InvestorPlace
Companies Swallow $2.1 Billion in Taxes as Executive Pay Climbs | W
Europe
Russia Resumes Nord Stream Natural-Gas Supply to Europe | W
China
Is China facing a balance sheet recession? | Quartz
Geopolitics & trade
Ukraine’s ports to reopen under deal to be signed Friday, Turkey says | R
Column: U.S. wheat steals world spotlight but Ukraine deal could interfere -Braun | R
Industries & companies
Airlines: Airlines temper flying ambitions after chaotic travel rebound | C
Energy: High Gas Prices Have Fuel Makers Raking In Cash | W
Corporate finance
Amazon to Buy One Medical Network of Health Clinics in Healthcare Expansion | W
Beyond markets
Japan decides to hold ex-PM Abe’s state funeral on Sept 27 -source | R
