TOP MARKETS NEWS: Week 09/30 – 10/06

Weekend 10.05 & 10.06

Top 5 things to watch in markets in the week ahead – investing
Nvidia’s AI summit, Tesla’s robotaxi, Amazon Prime Day, inflation: What to watch in the markets this week – qz
China officials to brief on ‘package’ to promote growth Tuesday – asianikkei

Oil Bets Are Most Bullish in Two Years as Mideast Tension Flares – bbg
Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise – bbg
S&P’s $8 Trillion Rally Will Be Tested by Tricky Earnings Season – bbg
China Stock Skepticism Gets Louder as World-Beating Run Extends – bbg

AMD’s Bold AI Push: In-Depth Analysis Ahead of the Advancing AI 2024 Event – kavout
Oil ‘Tourists’ Pile Into Market Amid Biggest Rally in Two Years – bbg
World’s Top Uranium Miner Votes on Returning to Nuclear Power – bbg
Election Outcome Presents Opportunity For Investors – Zerohedge
Investors Look to Earnings to Support Record-High Stock Prices – Reuters
Wall St Week Ahead Investors look to earnings to support record-high stock prices – Reuters
Ed Yardeni Sees Fed Pausing Rate Cuts for 2024 After Jobs Report – bbg

Friday 10.04

Business Live – guardian
Ayatollah Khamenei Clutches Rifle, Threatens To Hit Israel’s Energy Sites If It Retaliates – Zerohedge
Payrolls Reaction – Wow!!!!! – Zerohedge
Fed Seen Slowing Rate Cut Pace After Strong US Jobs Data – Reuters
IMF Says Escalation of Middle East Conflict Poses Significant Economic Risks – Reuters

US Banks See Further Deposit Outflows As Money-Market Fund Assets Hit Another New Record High – Zerohedge
Stocks bid and bonds hit after hot NFP – Newsquawk US Market Wrap
Dow Registers Record High Close as US Jobs Data Eases Economic Worries – Reuters
‘Good’ News Sparks Bond Bloodbath; Dollar & Oil Soar On Week – Zerohedge
Dow jumps 300 points for record close as September’s big jobs report spurs rally – cnbc
Stocks making the biggest moves midday: Rivian, Abercrombie & Fitch, CVS, Spirit Airlines and more – cnbc
European Shares Close up as Bumper US Jobs Data Quashes Growth Worries – Reuters
Biden discourages Israel from striking Iran’s oil industry, crude posts best week in more than year – cnbc

US PREMARKET
Fed close to pulling off the elusive economic soft landing in 2024 after great September jobs report – cnbc
Behind Today’s Stunning Jobs Report: A Record Surge In Government Workers – Zerohedge
Blowout Payrolls: Sept 254K Jobs Soar Above Highest Estimate, Unemployment Rate Drops And Wages Spike – Zerohedge
Blowout US Employment Report Reinforces Economy’s Resilience – Reuters
U.S. job creation roared higher in September as payrolls surged by 254,000 – cnbc
Stocks making the biggest moves premarket: Spirit Airlines, Summit Therapeutics, Rivian and more – cnbc
EU Slaps Up To 45% Tariff On Chinese-Made EVs As “Economic Cold War” Risks Soar – Zerohedge
Equity Futures, Bond Yields, Oil All Rise Ahead Of Key Jobs Report – Zerohedge
“Doghouse Is Back!”: Stellantis CFO Instructs Staff To Take “Drastic Measures” To Conserve Cash – Zerohedge
Fed’s Rate-Cut Helps Candidate Harris But Will Hurt President Harris (Or Trump) – Zerohedge
These are the best ‘pain trades’ for Q4 according to BofA – investing
Maersk slumps 7% as the end of U.S. port strikes weighs on European shipping stocks – cnbc
Goldman Sachs says crude could spike by $20 on Iran oil shock – cnbc
European markets move slightly higher with U.S. jobs report in view; Maersk falls 7% – cnbc

Hong Kong markets resume rally as investors weigh China stimulus, oil gains – cnbc
Chinese Stocks in Hong Kong Resume Rally as Travel Data in Focus – bbg
BOJ to Keep Seeking Timing for Interest Rate Hike, Masai Says – bbg
Japan’s Ishiba Seeks to Show Alignment With BOJ Governor Ueda – bbg
More Stocks Trade Below Book Value in Japan Despite Reforms – bbg

Thursday 10.03

Business Live – guardian
Texas Regulator Wants Data Centers to Build Power Plants – bbg
Oil Tanker Market Surges as Iran-Israel Spurs Cargo Clamor – bbg
Weakened Iran Raises Fears It May Make Push for Nuclear Arms – bbg

Bonds hit and Dollar bid after hot ISM Services PMI ahead of NFP – Newsquawk US Market Wrap
Biden ‘Bombs’ & Bad-Flation Send Bond Yields & Black Gold Higher, Stocks Pause Into Payrolls – Zerohedge
Dow closes nearly 200 points lower as oil spikes and October malaise continues – cnbc
Stocks making the biggest moves midday: Hims & Hers Health, Joby Aviation, Levi Strauss and more – cnbc
Panic buying amid U.S. ports strike is creating supermarket supply concerns – cnbc
European Stocks Slip as Mideast Conflict Weighs, Italy Lags – bbg
Oil market faces a rude awakening if Iran’s energy infrastructure is targeted, analysts say – cnbc
U.S. crude oil jumps as Biden comments on possible Israel retaliation against Iran – cnbc
US Factory Orders Unexpectedly Fall in August – Reuters
US Services Survey Soars In September, Prices Paid Explode Higher – Zerohedge
US Services Activity Expands at Fastest Pace Since Early 2023 – bbg

 

US PREMARKET
Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts – Zerohedge
Google CEO Eyes Atomic Power For AI Data Centers As Big Tech Seeks Nuclear Revival To Achieve Net Zero – Zerohedge
Futures Drop As Record Hong Kong 13-Day Rally Finally Ends – Zerohedge
Stocks making the biggest moves premarket: Nvidia, Levi Strauss, EVgo and more – cnbc
Sterling plunges more than 1% against the dollar, euro after Bank of England governor’s comments on rates – cnbc
European markets sink as investors focus on Middle East escalation – cnbc

Hong Kong snaps six-day winning streak as China stimulus rally fizzles – cnbc
Chinese Stocks in Hong Kong Slide After Rallying More Than 30% – bbg
Yen Carry Trade Back in Spotlight as Ishiba U-Turn Jolts Markets – bbg
China Ready for $1.4 Trillion Fiscal Bazooka, Top Economist Says – bbg
China Property Stocks Slump as Caution Grows After Record Rally – bbg

US Futures Waver, Oil Gains as Mideast Risks Rise: Markets Wrap – bbg


Wednesday 10.02

Business Live – guardian
Trump Election Sweep Likely Bullish for US Stocks, RBC Analysts Say – bbg
Oil Facilities In Iran That Could Be In Israel’s Sights – forbes

Stocks flat while bonds take hit on hot ADP – Newsquawk US Market Wrap
Indexes Near Flat as More Jobs Data Awaited; Eyes on Middle East – Reuters
Bonds Drop, Dollar Pops As Stock Traders Brace For Payrolls – Zerohedge
Dow ekes out narrow gain Wednesday as Middle East tensions weigh on markets – cnbc
Stocks making the biggest moves midday: Tesla, Nike, Humana and more – cnbc
Disney facing challenging near-term outlook, analyst says after stock downgrade – bbg
Tesla Shares Dip After Reporting 462,890 Q3 Deliveries, Missing Analyst Estimates – Zerohedge
Tesla stock slips after EV maker misses estimates on deliveries – cnbc
European Shares End Flat as Rising Energy Shares Offset Concern Over Middle East – Reuters
European Stocks Steady on Middle East Risks, Energy Sector Gains – bbg
OPEC+ Leaves Current Output Cut Policy Unchanged at JMMC – Zerohedge
OPEC+ Makes No Changes to Plans for Reviving Oil Production – bbg

 

US PREMARKET
Stocks making the biggest moves premarket: Humana, Nike, JD.com and more – cnbc
Goldman’s Rubner Worries His Year-End 6,000 S&P Target Is ‘Too Low’ – bbg
ADP Employment Report Shows Strong Rebound In Jobs – Zerohedge
Hydrogen Project Investments Are Accelerating but Uncertainty Remains, IEA Says – Reuters
Macron Backs Temporary Extra Tax on Large French Companies – bbg
France Plans €60 Billion in Spending Cuts, Tax Hikes in 2025 – bbg
Futures Slide, Oil Jumps As Middle East Tensions Soar – Zerohedge
Spain Is an Investor Favorite as Banks, Inditex Power Ibex Rally – bbg
Yale’s Stephen Roach: Markets are in danger of being ‘whipsawed’ by Middle East conflict, U.S. unemployment – cnbc
Walz vs Vance debate: 12 statements examined – Reuters
Vance and Walz’s Debate Remarks on Economic Policy, Fact-Checked – bbg
European markets open slightly higher as investors look beyond Middle East tensions – cnbc

Hong Kong stocks rally more than 6% in return from public holiday – cnbc
Yen Craters As Japan Gives Up On Further Rate Hikes, Carry Trade Is Back With A Bang – Zerohedge
Yen Plunges as New Prime Minister, BOJ Dim Rate-Hike Hopes – bbg
Hong Kong Brokers Swamped by ‘Once In a Century’ Stock Frenzy – bbg
China Sees Record Railway Trips, Buoying Outlook for Consumption – bbg
China’s Defaulted Developers Soar 200% in Speculative Frenzy – bbg

HK Stocks Jump, Middle East Conflict Lifts Oil: Markets Wrap – bbg

 

Tuesday 10.01

Business Live – guardian
A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge – cnbc
Iran Launches Ballistic Missiles at Israel as US Vows to Defend – bbg

Nike postpones investor day, posts mixed quarterly results as it gears up for CEO change – cnbc
Risk off with Dollar, Treasuries, and Oil bid while Stocks sold after Iran attacks Israel – Newsquawk US Market Wrap
Stock Market Is “On Edge” as Middle East Tensions Jolts Traders – bbg
Strikes (Missiles & Dockworkers) Spark Surge In Oil, Gold, & Bonds; Big-Tech & Bitcoin Battered – Zerohedge
Indexes End Lower as Iran Launches Missiles at Israel; Defense Shares Rise – Reuters
S&P 500 falls, Nasdaq drops 1% to start October as Middle East tensions intensify – cnbc
Bitcoin Miner Profit Measure Fell to ‘Recent Record’ Low, JPMorgan Says – bbg
Dilution Fears: Boeing Considers $10 Billion In New Shares As Strikes Strain Liquidity – Zerohedge
Stocks making the biggest moves midday: Lockheed Martin, Paychex, CVS and more – cnbc

European Shares Close Lower on Growing Fears of Iran Attack on Israel – Reuters
Job Openings Unexpectedly Jump Over 8 Million On Record Surge In Construction Job Openings – Zerohedge
US Job Openings Climb to Three-Month High, Exceeding Forecasts – Reuters
US Manufacturing Surveys Signal Stagnation, Employment Weak – Zerohedge
US Manufacturing Steady in September; Prices Paid Measure Lowest in Nine Months – Reuters
US Manufacturing Activity Contracts for a Sixth Straight Month – Reuters

 

US PREMARKET
S&P Futures Flat To Start Q4 After Hitting 43rd Record High On Monday; China Closed – Zerohedge
Germany’s $100 Billion Deal Surge Leaves Rest of Europe Behind – bbg
French Stocks Vulnerable to Possible Tax Increase, Barclays Says – bbg
Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases – cnbc
Microsoft Shares Lag as ‘AI Fatigue,’ High Multiple Curb Rebound – bbg
Stocks making the biggest moves premarket: Ford, Clorox, Boeing, Pinterest and more – cnbc
Euro Zone Inflation Dips Below 2%, Strengthening Rate Cut Case – Reuters
Euro-Zone Inflation Drops Below 2%, Backing ECB Cut Bets – bbg
Euro Zone September Factory Activity Took a Turn for the Worse, PMI Shows – Reuters
Adnoc to Buy Covestro for €12 Billion in Its Biggest Deal – bbg
European Automakers Most at Risk From US Dockworkers Strike, Analysts Say – Reuters
US Port Strike Adds Another Uncertainty to Fed’s Outlook – Reuters
Strike Shuts US East Coast, Gulf Ports for First Time Since 1977 – bbg
European markets set to kick off October trading on a high note; euro zone inflation data in focus- cnbc

Asia-Pacific markets mixed after Powell signals smaller rate cuts; China markets closed for holiday – cnbc
BOJ Should Weigh Rate Hikes With Caution, New Minister Warns – bbg
BOJ to Avoid Shocks After July Hike Set Market Crash in Motion – bbg

Japanese Stocks Gain on Weak Yen, Aussie Rises: Markets Wrap – bbg

Morning Brief: Powell Says Fed Not in a Hurry; Eurozone CPI Fall Below 2%; French PM Barnier’s First Parliamentary Address – cb

 


Monday 09.30

Business Live – guardian
A port strike could cost the economy $5 billion per day, here’s what it could mean for you – USATODAY
Morgan Stanley Warns of 70,000 US Monthly Jobs Hit From Trump Tariffs – bbg

Stocks chop and Bonds flatten after hawkish Powell on Month/Quarter-end – Newsquawk US Market Wrap
S&P 500 Ends Slightly Higher; Declines Briefly Following Powell Comments – Reuters
Powell Pours Cold Water On Rate-Cut Euphoria; USA Sovereign Risk Ominously Surges In September – Zerohedge
S&P 500 posts record close on Monday to cap winning month and quarter – cnbc
Dollar’s Losing Streak Keeps Traders Wary as Fed Cuts Rates – bbg
Nike to Post Steepest Sales Drop Since COVID, Analysts Expect Target Reset – Reuters
‘Go For Gold’ – Goldman Sachs Raises Precious Metal Price Forecast Amid “Secret Buyers” – Zerohedge
Key Fed Metric on Bank Reserves Gives Mixed Signals on Liquidity – bbg
Powell Suggests 50 Bp More Cuts in Store for 2024 – Reuters
Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’ – cnbc
JPMorgan Slips as Morgan Stanley Sees Fewer Benefits From Rate Cuts – bbg
Stocks making the biggest moves midday: EchoStar, CVS Health, Stellantis and more – cnbc
European Carmakers Warn on Profits in the Face of Weak Demand and Rising Costs – Reuters
European Stocks Extend Losses as Carmakers Slump After Warnings – bbg
Port Strike Looms Just as Farmers Seek to Export Bumper Harvests – bbg
Time Is Running Out: US Port Strike Could Begin Tuesday; Goldman Finds Highly Exposed Retailers – Zerohedge
Lagarde’s Growing Optimism on Inflation Hints at October ECB Cut – bbg

 

US PREMARKET
US Futures, European Markets Slide Even As China Soars Most Since 2008 – Zerohedge
Carnival Rides on Cruise Demand, Lower Costs to Lift Profit Outlook – Reuters
Stocks making the biggest moves premarket: Nio, Stellantis, MicroStrategy and more – cnbc
Key Events This Week: Payrolls, Powell, JOLTS And Fed Speakers Galore – Zerohedge
German inflation drops to 1.8% in September, below expectations – cnbc
German Inflation Eases, Spurring Hopes for Another ECB Cut – Reuters
October forex seasonals: It’s harvest time – FOREXLIVE
Aston Martin Crashes, Stellantis Slides As Auto Slowdown Worsens For European Carmakers – Zerohedge
Stellantis and Aston Martin shares drop sharply after profit warnings amid China woes – cnbc
Stellantis Cuts 2024 Profit Outlook as US Sales Crisis Deepens – Reuters
Europe set to start the last trading session of September in negative territory – cnbc

China stocks rally 7% as manufacturing contracts less than feared; Japan’s Nikkei falls more than 4% – cnbc
Japan’s next prime minister is a career dissenter, but experts doubt he can govern as one – cnbc
China’s Stock-Market Revival Fails to Register With Fed-Obsessed US Traders – bbg
Xi Warns of Obstacles Ahead in First Speech After Stimulus Plans – bbg
Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win – cnbc
China’s factory activity contracts less than expected in September — but shrinks for a fifth straight month – cnbc
China’s September Factory Activity Cools Notably, Caixin PMI Shows – Reuters

Week Ahead Preview: U.S. Jobs Data; Powell Speech; Eurozone CPI; French Premier Michel Barnier’s Policy Address to Parliament; Other Central Bankers’ Speeches; China’s Golden Week – cb