October 05 (Wednesday)
Latest Morning Briefing Executive Summary: On Central Bankers, Stocks & Batteries
Policymakers in both China and the UK recently have made policy 180s, abandoning their former plans. Now US financial markets seem to think economic conditions will compel the Fed to do the same, ending this round of tightening sooner rather than later. … Did the stock market’s impressive comeback rally of the past two days benefit the same S&P 500 sectors and industries as last summer’s two-month rally did? Jackie takes a look, isolating the most dramatic winners and losers of both. … And: GM and other companies are charging ahead on the development of solid-state batteries for electric vehicles. In our ongoing coverage of disruptive technologies, we highlight some of their plans.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 3.
Markets
Sterling softens after UK PM Truss speech | R
Is the Efficient Market Hypothesis True? | US News
Global
Opinion | The First Global Deflation Has Begun, and It’s Unclear Just How Painful It Will Be| N
WTO Sees Sharp Slowdown in Global Trade, Pointing to Possible Recession, Lower Inflation | W
Energy
Column: Mission accomplished? Europe fills gas storage ahead of schedule | R
High prices, war in Ukraine, a cold winter ahead — and now OPEC+ piles on | The Hill
German minister criticizes U.S. over ‘astronomical’ natural gas prices | C
Central banks
Fed Official Says Inflation Fight Will Take Time, Despite Signs of Progress | W
Fed’s delayed inflation fight sparks fears of a policy overcorrection | R
When Interest Rates Rise Fast, Markets Tend to Break: How to Spot the Cracks | W
US
U.S. Job Openings Fell in August, Layoffs Up Slightly | W
ADP jobs report September 2022: | C
Mortgage applications fall 14% as higher rates, Hurricane Ian crush demand | C
What Biden must do right now to fix our broken economy | FO
Biden’s Student-Loan Forgiveness Test: Processing Millions of Applications | W
Europe
Inflation, Consumer Pessimism Push U.K. Firms to Close Their Doors | W
Column: UK quake could spur pension fund asset ‘hibernation’ | R
Geopolitics & trade
South Korea, U.S. fire missiles into the sea to protest ‘reckless’ North Korea test | R
Industries & companies
Autos: U.S. Electric-Vehicle Tax Breaks Rile Asian, European Allies | W
Logistics: LNG shipping rates ‘shooting for the stars’ at $500,000 per day | freightwaves.com
Tech: Apple Told to Ditch Unique iPhone Charger in EU | W
Corporate finance
Elon Musk wants to buy Twitter for $44 billion again. What changed? | Vox
Beyond markets
These executives are asking their staff to work less for the same money. Will it pay off? | NN
