Markets
S&P 500 closes little changed on Monday as pivotal debt ceiling meeting looms, Nasdaq hits highest level since Augusthttps://t.co/6beNSfBgri
— Breaking News (@jooilong) May 22, 2023
This AI-generated image of an explosion at the Pentagon tricked several breaking news accounts, and caused the stock market to drop temporarily @elonmusk this is why we need to regulate AI pic.twitter.com/AedGT8W3Os
— Genevieve Roch-Decter, CFA (@GRDecter) May 22, 2023
Economic Indicators and Prospects
A new Federal Reserve report reveals the toll that inflation has taken on US households over the past year https://t.co/MZLC9gS55x
— Bloomberg (@business) May 22, 2023
Housing
šŗšø #Housing | The median U.S. home sale price fell 4.1% YoY in April to $408,031 – Redfin
— Christophe Barraudš¢š³ (@C_Barraud) May 23, 2023
*Thatās the biggest drop on record in dollar terms and the largest decline since January 2012 in percentage terms.https://t.co/fzwy2hPZog pic.twitter.com/w6bLETXe3N
Monetary Policy
Two Fed officials are calling for more interest-rate hikes in 2023 to quell inflation https://t.co/pbXcfy133s
— Bloomberg (@business) May 22, 2023
Fiscal Policy
šŗšø Biden-McCarthy Debt Talk Ends With Optimism, But Without a Deal – Bloomberghttps://t.co/fuDrKKznHo
— Christophe Barraudš¢š³ (@C_Barraud) May 23, 2023
Investment bank clients are peppering Wall Street with questions about what happens if the US Treasury runs out of cash and does the unthinkable ā failing to make payments due on Treasury securities https://t.co/LhU6ruuGHQ
— Bloomberg (@business) May 23, 2023
Trade, Politics and Geopolitics
President Biden is weighing action to protect his student-debt relief plan, which could head to the House floor as soon as this week https://t.co/kJhQ6CX3yP
— Bloomberg (@business) May 22, 2023
The US has āserious concernsā about Chinaās move to restrict sales of Micron products in the country, and is engaging with the nationās government to make its views clear https://t.co/KnS0fLsVUl
— Bloomberg (@business) May 22, 2023
Economic Indicators and Prospects
Activity in Japanās service and factory sectors expanded in May, signaling a stronger post-pandemic economic recovery https://t.co/6GUbkvgbWZ
— Bloomberg Economics (@economics) May 23, 2023
South Korea consumer sentiment hits 1-year high, inflation expectations weaken https://t.co/pD1SW1k6U1 pic.twitter.com/ViETh3RpgU
— Reuters Asia (@ReutersAsia) May 22, 2023
Japan FY2022 Real Wages Fall Most In 8 Years, Outlook Seen Brighter – RTRShttps://t.co/GyQNWjAzRJ
— LiveSquawk (@LiveSquawk) May 23, 2023
Monetary Policy
China LPRs Likely To Keep Unchanged For Some Time – China Securities Journalhttps://t.co/zqXWfDrXkT
— LiveSquawk (@LiveSquawk) May 22, 2023
China holds lending rates steady; market sees reserve ratio cut as next move https://t.co/dvENqgFLq7 pic.twitter.com/fD6yI5BxwM
— Reuters (@Reuters) May 22, 2023
New Zealandās Central Bank Set To Raise Interest Rates, Leave Door Open For More – BBGhttps://t.co/rKBGrF0IkW
— LiveSquawk (@LiveSquawk) May 22, 2023
Trade, Politics and Geopolitics
#China Buys More Australian Coal as Appetite for Quality Builds
— Giovanni Staunovoš¢ (@staunovo) May 23, 2023
Sales from Russia decline from record level seen in March
Rising imports land at a time of seasonally weak demandhttps://t.co/2AelrNzb3S
The US is pushing to resume high-level diplomatic talks with Beijing while also heaping tech sanctions on its main economic rival https://t.co/w3NnmcgaLl
— Bloomberg (@business) May 22, 2023
Economic Indicators and Prospects
French HCOB Manufacturing PMI May P: 46.1 (exp 46.0; prev 45.6)
— LiveSquawk (@LiveSquawk) May 23, 2023
– French HCOB Services PMI May P: 52.8 (exp 54.0; prev 54.6)
– French HCOB Composite PMI May P: 51.4 (exp 52.0; prev 52.4)
French HCOB Manufacturing PMI May P: 46.1 (exp 46.0; prev 45.6)
— LiveSquawk (@LiveSquawk) May 23, 2023
– French HCOB Services PMI May P: 52.8 (exp 54.0; prev 54.6)
– French HCOB Composite PMI May P: 51.4 (exp 52.0; prev 52.4)
Monetary Policy
ECB is not done raising rates, should keep them high, Pablo Hernandez de Cos says https://t.co/GcZWL0dPbK via @alonsosotoj pic.twitter.com/MBjrhuOgd7
— Zoe Schneeweiss (@ZSchneeweiss) May 22, 2023
The ECB will reach a peak in interest rates during its next three meetings without necessarily hiking at each one, Francois Villeroy de Galhau says https://t.co/5nIwl7b3vc
— Bloomberg (@business) May 22, 2023
BoE Paper Says QE Portfolio May Be Cut In Half To Ā£400 Billion – BBGhttps://t.co/SRxZLEdiaG
— LiveSquawk (@LiveSquawk) May 23, 2023
Energy
France and Germany show no sign of agreement on role of nuclear in clean energy https://t.co/3Qj4zOkDz3 via @KowalczeKamil pic.twitter.com/E6HpZ1nhYA
— Zoe Schneeweiss (@ZSchneeweiss) May 22, 2023
France needs to increase annual spending on everything from building renovation to electric vehicles by ā¬66 billion ($71 billion) by 2030 to meet EU targets, a report says https://t.co/IlPHGcp2jX
— Bloomberg (@business) May 23, 2023
Trade, Politics and Geopolitics
EU Will Go Easy On Indian Resale Of Russian Fuel – RTRS #OOTThttps://t.co/lJDlKTiaBQ
— LiveSquawk (@LiveSquawk) May 23, 2023
Global Container Production Slumps As Demand For Goods Sinks – FT https://t.co/oB3wYBnQYP
— LiveSquawk (@LiveSquawk) May 23, 2023