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☆ Morning Bid: Rates dice, AI arms race and G20 snub
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +5 min

AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. Even if that came in slightly above forecasts, an unexpectedly sharp slowdown in the country's service sector ensured another underwhelming reaction. Chinese President Xi Jinping is likely to skip a summit of G20 leaders in India, sources told Reuters. Overall, Asia markets were flat to negative - Europe's bourses were higher and U.S. futures held steady ahead of Thursday's open. Reuters GraphicsReuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, editing by David Evans, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

Persons: Dado Ruvic, Mike Dolan, chatbots, Xi Jinping, Premier Li Qiang, Susan Collins, Raphael Bostic, Luis de Guindos, Campbell, David Evans Organizations: REUTERS, Federal Reserve, Baidu, HK, Washington, Reuters, Premier, U.S, Treasury, UBS, Chicago, Boston Federal, Atlanta Fed, European Central Bank, Broadcom, Dollar, Hormel, Reuters Graphics Reuters, Thomson Locations: U.S, Beijing, India, New Delhi, Asia

☆ Ali Bongo: who is Gabon leader ousted in military coup?
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +5 min

[1/2] A still image from video shows Gabon President Ali Bongo being interviewed in Libreville, Gabon, September 24, 2016. Following a stroke, his fitness to rule was questioned, sparking a failed coup in 2019 as he convalesced in Morocco. Before sitting down for a televised interview with Reuters after his 2016 election win, Bongo removed a large silver watch and several gold rings. When Bongo won a 2016 election, accusations of vote meddling stoked public anger amid a period of low crude prices and belt-tightening. In 2019, a military coup was foiled, with the coup plotters citing a lack of information following Bongo's stroke in 2018.

Persons: Ali Bongo, Bongo, Michael Jackson, Omar, Junior, Alain Bernard Bongo, Ali, Keen, Britain's Prince Charles, Alessandra Prentice, Edward McAllister, Edmund Blair Organizations: REUTERS, Reuters, Omar's, WikiLeaks, International Monetary Fund, Thomson Locations: Gabon, Libreville, autocrats, Morocco, French, Congo Republic, France, U.S

☆ Morning Bid: 'Flash' business funk and AI buzz
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +4 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Euro zone government bond yields and the euro tumbled as traders bet the European Central Bank may soon pause its interest-rate hike campaign, with money markets now pricing less than a 50% chance of further tightening. The dollar (.DXY) hit its highest since early June as both the euro and sterling took a hit. Existing home sales dropped to a six-month low in July, with new home sales numbers due later today. European and Japanese shares were up smartly too, but mainland Chinese stocks (.CSI300) underperformed yet again and dropped another 1%-plus.

Persons: Mike Segar, Mike Dolan, Wednesday's, John Stonestreet Organizations: Wall, New York Stock Exchange, REUTERS, Micron Technology, European Central Bank, Treasury, Federal, Jackson, Nvidia, Apple, Microsoft, Devices, Autodesk, Advance, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, Europe, Philadelphia, United States, Johannesburg

☆ Terry Funk, Hardcore Hall of Fame Wrestler, Dies at 79
▼ + stars: | 2023-08-23 | by ( Eduardo Medina | More About Eduardo Medina | ) www.nytimes.com time to read: +1 min

Terry Funk, the Hall of Fame professional wrestler whose hardcore fighting style in the ring inspired decades of bloody brawls and entertaining matches, has died. His death was confirmed on Wednesday by World Wrestling Entertainment, the company for which Mr. Funk’s career exploded. No cause of death was given, and relatives could not be immediately reached for comment on Wednesday evening. Mr. Funk’s wrestling career, which began in the mid-1960s and lasted four decades, took him around the country and world, from playing in front of sold-out crowds for W.W.E. That extreme quality to his matches made Mr. Funk among the most celebrated wrestlers of his generation in a sport built on performer-athletes playing exaggerated or downright invented versions of themselves.

Persons: Terry Funk, Funk Organizations: of Fame, World Wrestling Entertainment, Japan

☆ Zamrock legends make comeback with first album in 40 years
▼ + stars: | 2023-08-22 | by ( Chris Mfula | ) www.reuters.com time to read: +2 min

REUTERS/Matt Mills McKnight Acquire Licensing RightsLUSAKA, Aug 22 (Reuters) - After nearly four decades in oblivion, the Zambian psychedelic rock band WITCH that mesmerised audiences in the 1970s are back with a new album. Interest for Zamrock rose in the 2010s in the West, thanks to the internet and crate-digging producers as Los Angeles-based Now-Again Records re-released several albums of WITCH and other Zamrock artists. Following their comeback, WITCH - which stands for We Intend To Cause Havoc - are now introducing their new album "Zango" with concerts in the United States and Europe. "It's a fusion of traditional music, African music, funk, blues, jazz - it's a fusion of many genres," Chanda said. "Can this thing grow to a level where when someone comes to Zambia, says where can I listen to Zamrock?

Persons: Matt Mills McKnight, Emmanuel " Jagari, Chanda, Zamrock, Patrick Mwondela, Michael Linyama, Chris Mfula, Catherine Schenck, Matt McKnight, Bhargav Acharya, Angus MacSwan Organizations: REUTERS, Rights, Thomson Locations: Seattle , Washington , U.S, Rights LUSAKA, Zambian, Los Angeles, America, Europe, Lusaka, United States, Zimbabwe, Botswana, Zambia, Johannesburg, Seattle

REUTERS/Issei Kato Acquire Licensing RightsAug 23 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. After Monday's surprising resilience on Wall Street, world markets' reversion to type on Tuesday should set the tone for Asia on Wednesday - weakness in stocks, a buoyant dollar, elevated bond yields and souring investor sentiment. China's economic and financial travails remain top of mind for investors, so any sign of further incoming fiscal or monetary stimulus from Beijing will be well received. That is not something Beijing or Tokyo would do lightly, but the higher U.S. bond yields go, the more persistent the selling pressure on their respective currencies becomes. Implied yen volatility is relatively low in the yuan, and low across currency markets more broadly.

Persons: Issei Kato, Jamie McGeever, Xi Jinping, Gina Raimondo, Josie Kao Organizations: U.S ., REUTERS, Asia, Treasury, China's, Thomson, Reuters Locations: Tokyo, Japan, Singapore, Beijing, South Africa, U.S, Washington, China, Johannesburg, Australia

☆ Cramer's Lightning Round: Alphabet is a buy
▼ + stars: | 2023-08-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Applied Materials' year-to-date stock performance. Stock Chart Icon Stock chart icon Telus International's year-to-date stock performance. Stock Chart Icon Stock chart icon Tutor Perini's year-to-date stock performance. Stock Chart Icon Stock chart icon Nio's year-to-date stock performance. Stock Chart Icon Stock chart icon Huntington Bancshares' year-to-date stock performance.

Persons: They're, Perini, They've, I'm, I'd, Huntington Bancshares, Huntington Organizations: Telus

☆ Stock Market Today: Dow Futures Rise; Tesla Stock Gains Premarket
▼ + stars: | 2023-08-21 | by ( ) www.wsj.com time to read: +1 min

The robust U.S. economy has raised expectations of higher-for-longer borrowing costs, and Treasury yields have hit decade-plus highs in recent days. Treasury yields gained. The benchmark CSI 300 lost 1.4% and Hong Kong’s Hang Seng Index fell deeper into a bear market. European natural gas prices jumped again. Labor disputes in Australia’s energy industry have driven up gas prices in Europe more than 30% in August.

Persons: Dow industrials, Brent, Jerome Powell, Jackson Organizations: Treasury, Nasdaq, CSI, Labor Locations: Europe

☆ NFL roundup: Colts use big 4th quarter to storm past Bears
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +8 min

[1/5] Aug 19, 2023; Indianapolis, Indiana, USA; Indianapolis Colts quarterback Sam Ehlinger (4) after the game against the Chicago Bears at Lucas Oil Stadium. Beathard completed 12 of 20 passes for 138 yards with one touchdown and one interception for the Jaguars (2-0). Nate Sudfeld completed 9 of 18 passes for 80 yards with a touchdown and an interception for the Lions (1-1). Teammate John Wolford was 4-for-4 for 57 yards before leaving the game with a neck injury in the third quarter. With Aaron Rodgers sitting out the game, Jets backup quarterback Zach Wilson completed 9 of 13 passes for 70 yards.

Persons: Sam Ehlinger, Trevor Ruszkowski, Ehlinger, Jake Funk's, Matt Gay, Daurice Fountain, Nathan Peterman, Justin Fields, Isaiah Bolden, Bolden, Calvin Munson, Malik Heath, Bailey Zappe, Jordan Love, D'Ernest Johnson, Tank Bigsby, Beathard, Trevor Lawrence, Parker Washington, Teddy Bridgewater, Nate Sudfeld, Skylar Thompson, Tua Tagovailoa, Thompson, Salvon Ahmed, C.J, Stroud, Ka'imi Fairbairn, Kenny Pickett, Matt Barkley, Jaylen Warren, Pat Freiermuth, Josh Allen, Barkley, Joey Porter Jr, Chandon Sullivan, Elijay Riley, Kyle Allen, Justin Shorter, Trey Palmer, Kyle Trask, Trask, John Wolford, Wolford, Greg Zuerlein, Aaron Rodgers, Zach Wilson, Patrick Mahomes, Blaine Gabbert, Shane Buechele, Buechele, Chris Oladokun, Matt Prater's, Clayton Tune, Malik Willis, Julius Chestnut, Willis, Nick Mullens, Jake Moody's, Trey Lance, Cameron Latu, Francisco, Lance, Jarrett Stidham, Ben DiNucci, Jaleel McLaughlin, Brian Hoyer, Aidan O'Connell, Isaiah Pola, Daniel Carlson's, Stetson Bennett, SaRodorick Thompson Jr, Drew Lock, Dak Prescott, Cooper Rush, Will Grier, Rush, Rico Dowdle Organizations: Indianapolis Colts, Chicago Bears, Lucas Oil, NFL, Colts, Indianapolis, Bears, Patriots, Packers, Pats, Jaguars, Lions, Detroit, Jacksonville, Dolphins, Texans, Miami, Houston, Steelers, Bills, Pittsburgh, Buffalo, Buccaneers, Jets, Tampa Bay, Chiefs, Cardinals, Kansas City, Vikings, Tennessee, Minnesota, Titans, 49ers, Broncos, Denver, The 49ers, Raiders, Rams, Las Vegas, The Raiders, Seahawks, Cowboys, Dallas, Seattle, Thomson Locations: Indianapolis , Indiana, USA, New England, Green, England, Jacksonville, Pickett, Tampa, New York, East Rutherford, N.J, Arizona, Glendale, Ariz, Minneapolis, Minnesota, Santa Clara, Calif, Los Angeles, Inglewood , Calif, Vegas, Seattle

☆ Patrick deWitt Would Like to Eat Sushi With Emily Dickinson
▼ + stars: | 2023-08-17 | by ( ) www.nytimes.com time to read: +2 min

What’s the last great book you read? I loved the pair of Gwendoline Riley novels NYRB put out last year, “My Phantoms” and “First Love.” I enjoy reading about awful, sickening people, and these books are filled with them. But they’re awful and sickening in a way that, while not unfamiliar to my life experience, felt new — they’re awful and sickening in a way I’d not seen in literature before. Can a great book be badly written? I bought a book called “The Loser,” by William Hoffman Jr., based on its incredible cover (Funk & Wagnalls hardcover edition circa 1968).

Persons: Gary Indiana, Joanne Kyger, ”, Lucy Sante, Dodie Bellamy, “, William Gardner Smith, Bill Berkson, Frank O’Hara, Joe LeSueur, Andy Kaufman, Julie Hecht, What’s, Gwendoline Riley, NYRB, William Hoffman Jr, It’s, Hoffman, Luck Organizations: Phantoms Locations: Japan, India

☆ Jim Cramer's top 10 things to watch in the stock Thursday
▼ + stars: | 2023-08-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Dow stock Walmart (WMT) delivers a big quarterly beat. We increased our Club price target to $100 per share from $88 . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Chuck Robbins, Mark Cuban's CostPlus, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Investment, Walmart, Walmart U.S, Target, Wall Street, TJX Companies, Marshalls, Cisco, Disney, ESPN, Apple, Amazon Pharmacy, Bank of America, Adobe, Jim Cramer's Charitable, CNBC Locations: HomeGoods, TJX's, California

☆ Pharrell Williams Shares His Inspirations, From Henry Taylor to ‘Jabberjaw’
▼ + stars: | 2023-08-16 | by ( M.H. Miller | More About M.H. Miller | ) www.nytimes.com time to read: +1 min

At one point, it seemed like he might give up on the conversation altogether. “I mean, do you like listening to yourself on voice mail?”Williams, 50, was raised in Virginia Beach by his father, Pharaoh, a handyman, and his mother, Carolyn, a teacher. A dedicated polymath who shifts between styles, genres and media, Williams is his best, most creative self in the presence of water. He grew up in a housing project called Atlantis, right by the beach; today, he holds an annual music and art festival in Virginia Beach called Something in the Water. And when he’s not in Miami on Biscayne Bay, he spends his time in Paris, where he has a music studio at the LVMH headquarters overlooking the Seine.

Persons: Pharrell Williams, Virgil Abloh, Louis Vuitton’s, Justin Timberlake’s, ”, Karl Lagerfeld, “ Karl ” —, ’ ”, Pont, ” Williams, Pharaoh, Carolyn, Chad Hugo, Funk, Williams, he’s Organizations: Neptunes, Motown Locations: Virginia Beach, Miami, Biscayne Bay, Paris, Seine

☆ Morning Bid: Bonds calm down but Chinese markets smolder
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +4 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing RightsA look at the day ahead in U.S. and global markets from Mike DolanRestive bonds showed signs of calm on Wednesday, but China's struggling economy and markets continue to unnerve world markets. A twin jolt from resurgent western debt yields and China's deepening economic funk and property sector troubles have made for a bumpy August to date. After a slew of dour retail, industrial and property investment numbers earlier this week, China reported on Wednesday that home prices fell for the first time this year. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Segar, Mike Dolan Restive, swooned, Goldman Sachs, Neel Kashkari, I'm, Fitch, JPMorgan Chase, Mike Dolan, Emelia Sithole Organizations: Wall, New York Stock Exchange, REUTERS, Minneapolis Fed, United States, AAA, JPMorgan, Bank of America, of, Cisco, Amcor, New, New York Fed, . Federal Reserve, Reuters Graphics Reuters, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Wall St, China, United, New York, Canada

☆ Morning Bid: U.S. retail therapy as China funk deepens
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +5 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. China stocks fell again (.CSI300) and 10-year government bond yields fell to three-year lows. Ten-year Treasury yields hit their highest for the year at 4.23%. Elsewhere in the so-called BRICS emerging economies - the grouping of Brazil, Russia, India, China and South Africa - the dollar was also in command. Back stateside, the retail sales report will be accompanied by an earnings update from Home Depot - the first of the big retailers to report this week.

Persons: Mike Segar, Mike Dolan, Jackson, Jack Henry *, Neel Kashkari, Susan Fenton Organizations: Wall, New York Stock Exchange, REUTERS, Micron Technology, Bank of America's, Treasury, Agilent Technologies, Cardinal Health, NY, Minneapolis Federal, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, China, Japan, Brazil, Russia, India, South Africa, Ukraine, Argentina's, Canada

☆ How Hip-Hop Changed the English Language Forever
▼ + stars: | 2023-08-11 | by ( Miles Marshall Lewis | ) www.nytimes.com time to read: +16 min

We unpacked five words — dope, woke, cake, wildin’ and ghost — that show rap’s unique linguistic influence. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc. Please import it manually on src/routes/(pages)/$PAGE/+page.svelte and add it to the body loop referencing a name on the Google Doc.

Persons: vibrancy, Dave, — Slick Rick, “, ”, �, Homer Simpson, Rihanna, “ FourFiveSeconds ”, wilding, Erykah Badu, Megan Thee, Spoonie Gee, Lil Wayne, Spivey’s, “ It’s, Pharrell Williams, Shameik Moore, Zoë Kravitz, ” “, Lana Del Rey, Joe, Marcus Garvey, Lauryn Hill, Marcus Garvey intoned, Ramblin ’ Thomas, William Melvin Kelley’s, presciently, Badu’s, repopularized “, Badu, ” — Childish Gambino, “ Redbone ”, Donald J, Kendrick Lamar’s, Joey Bada, Lil Durk’s, Ron DeSantis, Elon Musk, Sir, they’ve, Munch, Red’s, ” Megan Thee, Patty, Nicki Minaj, “ Heard, Jay, Stackin, Al Pacino, Tony Montana, Morton, wildin, illin, killin, “ Buck Whylin ’, Chuck D, “ Buck Whylin ’ ”, Tonya Harding, Nick Cannon’s, “ wilding ”, Barry Michael Cooper, “ Wilding, Donald Trump’s, Wildin, “ Stylin, — Bruno Mars, Greg Nice, “ Swayze, Patrick Swayze’s, Guy, ghosting, Glock, I’m Swayze, Jared Seay Organizations: Daily News, src, Google, Oxford English, Queens, MTV, New York Times, Trump, Republican, Hulu, WAP, raunch, “, Morton Music, Public, The Daily News, Central Park, Oxford, ”, Adidas, Royce Locations: Oxford, Ethiopia, Africa, Florida, America, U.S

Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song/File PhotoAug 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Producer prices in China have been falling on an annual basis every month since October, and more importantly, the pace of decline has accelerated this year. The range of PPI forecasts is -6.1% to -2.9%, and the CPI range is -0.9% to 0.5%, according to Reuters polls. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Aly, Jamie McGeever, Deepa Babington Organizations: REUTERS, Wall Street, CPI, Bridgestone, Honda, Sony, Nasdaq, China CPI, PPI, Thomson, Reuters Locations: Shanghai, China, Japan, Asia, South Korea

FRANKFURT, Aug 1 (Reuters) - Germany's property sector is under stress, prompting firms to call for government support, property developers to file for insolvency and share prices of landlords to plunge. Reuters GraphicsIt's just the latest in a flurry of indicators that show real estate in Germany is in a deep funk. "Many, many property developers at the moment are postponing projects or slowing them down," said Francesco Fedele, chief executive of BF.direkt, a property financing consultant. THE DAXVonovia, Germany's largest real estate group, serves as a bellwether for Germany's property sector. TRANSACTIONSGermany is the largest real estate investment market on the European continent.

Persons: Francesco Fedele, DAX Vonovia, Jones Lang LaSalle, Tom Sims, Holger Hansen, Ed Osmond Organizations: FRANKFURT, Reuters, Reuters Graphics, Stifel, Thomson Locations: United States, Sweden, Germany, Berlin, Frankfurt, Denmark, Europe

☆ Analysis: Tony Bennett sang in a key that Jason Aldean’s song can’t reach
▼ + stars: | 2023-07-30 | by ( John Blake | ) edition.cnn.com time to read: +13 min

White jazz artists were antiracists before the term was inventedMany of the tributes to Bennett mentioned his disdain for bigotry. Many White jazz artists were antiracists, long before the word was invented. Frank Sinatra, Bennett’s musical mentor, recorded with and relentlessly championed Black jazz artists like Ella Fitzgerald and Count Basie. He hired a Black jazz bassist, Eugene Wright, and refused to play in segregated venues. There are countless photos of a beaming Bennett hanging out with Black jazz artists.

Persons: Tony Bennett, Ed Sullivan’s, Bennett, ”, Duke Ellington, “, ’ ” Bennett, there’s, Jason Aldean, Aldean, Dick Gregory, Coretta Scott King, Rick Diamond, Bennett —, ” Bennett, Frank Sinatra, Bennett’s, Ella Fitzgerald, Count Basie, Sinatra, Nat King Cole, Dave Brubeck, Eugene Wright, Benny Goodman, Jim Crow, Ellington, Louis Armstrong, don’t, It’s, that’s, Lionel Hampton, Goodman, Michael Ochs, Amy Winehouse, Winehouse, fidgety, “ We’ll, “ You’re, ” Winehouse, Lady Gaga, John Mayer, Elvis Costello, Bennett’s unflappability, Bennett wasn’t, Brubeck, Miles Davis, Jimi Hendrix, Bill Evans, Mark Allan, Greg Thomas, ” Thomas, Carrie Underwood, Faith Hill, Willie Nelson, Billy Ray Cyrus, Lil Nas, Wynton Marsalis, Bennett –, Anthony Dominick Benedetto, –, Thomas, John Blake Organizations: CNN, Toronto Star, MLK, Atlanta Civic Center, US Army, Carnegie Hall, Michael Ochs Archives, Jazz, Studios Locations: New York, Tennessee, America, Atlanta, Nazi, African, British, Turkey, Japan, London, Aldean, American, Europe, United States

☆ The Personal Back Story Driving ‘They Cloned Tyrone’
▼ + stars: | 2023-07-21 | by ( Reggie Ugwu | More About Reggie Ugwu | ) www.nytimes.com time to read: +2 min

Where did “Tyrone” start for you? I knew I wanted to do a mystery, like a bootleg Scooby-Doo where the detectives are inadequate but somehow uniquely equipped. He had gotten arrested for something when we were 18 or 19 that ended up changing the course of his life. I started thinking a lot about blame and responsibility and that’s when all the elements of the movie came together. A lot of times it’s a song, or a piece of score and I’ll be trying to recapture how that feels.

Persons: Tyrone ”, Tony, Dion, ”, II ”, Fontaine, I’ll, Bootsy Collins, Mary Jane Girls, Patrice Rushen, Alicia Myers —, Pat, UGK

☆ Morning Bid: Dollar flexes into Fed week, calm returns
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +4 min

Another unexpectedly tight weekly reading from the U.S. labour market sowed some lingering doubts that we're on the cusp of 'peak Fed' just yet. The tech wobble saw the Nasdaq (.IXIC) recoil 2% in its biggest drop since March. A quieter earnings schedule is topped by American Express - but nearly all the other banks have been impressive over the past week. Pessimists think the Fed is not done tightening yet and any further rate hikes after next week will just hasten a downturn in 2024. That has sobered up the Treasury market a touch after a couple of weeks of disinflation relief.

Persons: Mike Dolan, jockeying, we're, Dow Jones industrials, Johnson, Pessimists, Huntington Bancshares, Janet Yellen, Angus MacSwan Organizations: Big Tech, Tesla, Netflix, Nasdaq, American Express, Treasury, Bank of Japan, Comerica, Regions, Roper Technologies, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Huntington, Schlumberger, Canada, Hanoi

MSCI's broad Asia ex-Japan index shed 1.5% last week, its third consecutive week without rising, and is flat for the year. Much of that is due to the sluggishness of China's markets, and key indicators from the region's largest economy on Monday will get the trading week underway. Annual producer price inflation, already the most negative since 2016, is seen falling to -5.0% from -4.6% in May. Chinese banking stocks, measured by the Hong Kong-listed Hang Seng Mainland Banks Index (.HSMBI), plunged 10.5% last week. Reflecting just how poorly China's post-lockdown economy has performed relative to consensus forecasts, Citi's Chinese economic surprises index has now fallen 11 weeks in a row.

Persons: Jamie McGeever, Janet Yellen's, Yellen, Fed's Barr, Daly, Mester, Diane Craft Organizations: U.S, Mainland Banks Index, Treasury, China CPI, PPI, Thomson, Reuters Locations: China, New Zealand, South Korea, Wall, MSCI's, Asia, Japan, Hong Kong, Mainland, underperformance

LONDON, July 7 (Reuters) - Unsure which way the cookie crumbles from here - investors are being tempted to drop the bond. The broadest measures of government and corporate bonds have just stuck in mud. Two-year government bond yields are soaring. With June U.S. jobs growth going up yet another gear, U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. For all but longer-term pension and insurance funds or banks, bonds may be neither fish nor fowl for a while to come.

Persons: hasn't, Stocks, midyear underperformance, Mike Dolan, Josie Kao Organizations: Global, Bloomberg U.S, Treasury, Bank of, JPMorgan, Europe, Reuters, Twitter, Thomson

☆ Stock Market Today: Dow Futures Fall; Meta Stock Rises Premarket
▼ + stars: | 2023-07-06 | by ( ) www.wsj.com time to read: +1 min

Government-bond yields rose in the U.S. and Europe, reflecting recent statements by major central banks that they will keep raising interest rates to curtail inflation. Weakening activity in the services sector is a big reason for the pressure on global markets today, said Samy Chaar, chief economist at Lombard Odier. U.S. stock futures fell. Government-bond yields rose. Yields rose in Germany, the U.K. and France, too.

Persons: Samy Chaar, ”, Dow, Hang Seng Organizations: Services, Lombard, Nasdaq, Overseas, Nikkei Locations: Government, U.S, Europe, Shanghai, Germany, France, Brent, Iran

☆ FOREX Dollar gains after Fed minutes reinforce rate hike expectations
▼ + stars: | 2023-07-05 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

Fed funds futures showed expectations of a 25 basis point hike at the end of a two-day policy meeting on July 26 rose to 88.7%, according to CME Group's FedWatch Tool. The dollar index , which measures the U.S. currency against a basket of six others, including the euro and Japan's yen, rose 0.262% . The Fed will likely increase rates in July after the hawkish pause last month baring any surprises, said Jeffrey Roach, chief economist for LPL Financial. The dollar rose to around 144.48 yen, but was still below the 145 threshold that prompted intervention by Japanese authorities last autumn. The dollar-yen rate has broadly moved in sync with the U.S. 10-year Treasury yield , which rose to 3.9375% after the Fed minutes were released.

Persons: Dado Ruvic, baring, Jeffrey Roach, Roach, Joe Manimbo, Shusuke Yamada, Herbert Lash, Amanda Cooper, Kevin Buckland, Marguerita Choy, Mark Heinrich Our Organizations: REUTERS, U.S, Federal, LPL Financial, Labor Department, Treasury, Bank of America, Ministry, Finance, People's Bank of China, Thomson Locations: U.S, Washington, Tokyo, Beijing, London

☆ Dollar steady before Fed minutes; yen hovers below 145-mark
▼ + stars: | 2023-07-05 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. The Federal Open Market Committee is due to release the minutes from its most recent policy meeting at 1400 EDT (1800 GMT). "Of course, another barometer for what the Fed does will be the jobs report on Friday," he said. The dollar hovered around 144.165 yen, below the 145 threshold that prompted intervention by Japanese authorities last autumn. The Australian dollar fell 0.1% to $0.6683, on course to snap a four-day streak of gains.

Persons: Dado Ruvic, Joe Manimbo, Manimbo, Shusuke Yamada, Herbert Lash, Amanda Cooper, Kevin Buckland, Shri Navaratnam, Helen Popper, Mark Heinrich Our Organizations: REUTERS, U.S, Federal, Fed, Treasury, Independence, Bank of America, Ministry, Finance, People's Bank of China, Thomson Locations: Washington, U.S, Tokyo, Beijing, London

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