Be in the know. 14 key reads for Wednesday…

  1. ‘Everyone hates the market’: Ray Dalio says time is right to buy Chinese stocks (scmp)
  2. UK FTSE 100 Eyes Record-High Close for First Time in a Year (bloomberg)
  3. Persistent Inflation Demands a Slow Approach to Rate Cuts, Cleveland Fed’s Mester Says (barrons)
  4. Traders flock to weather derivatives amid climate fears (fnlondon)
  5. Daly says there’s ‘no urgency’ for the Fed to cut U.S. interest rates (marketwatch)
  6. GM’s new-car prices to remain under pressure, and incentives will continue to rise, analyst says (marketwatch)
  7. Opinion: Intel can beat AMD and Qualcomm in the race to put AI on your PC — except for this problem (marketwatch)
  8. TSMC Evacuates Production Lines After Major Taiwan Quake (bloomberg)
  9. Disney versus Nelson Peltz vote hinges on Vanguard, State Street, institutional investors (cnbc)
  10. Billionaire investor Ray Dalio explains why he’s still investing in China despite a ‘100-year storm’ looming (businessinsider) He says the best time to buy Chinese stocks is when they’re cheap and “everyone hates the market.”
  11. Is China’s Economy Finally Bottoming Out? (wsj)
  12. Alibaba Repurchased $4.8 Billion of Shares in March Quarter (wsj) Alibaba said it has $31.9 billion available as of March 31 under its buyback program, through the next three fiscal years ending March 2027.
  13. Dollar dips while jawboning supports yen (streetinsider)
  14. Alibaba Joins Tencent’s Buyback Bonanza (chinalastnight)