TOP MARKETS NEWS: Week 01/14 – 01/20

Friday 01/18

Trade deal hopes grow as US treasury secretary ‘considers lifting China tariffs’ – business live – guardian
Five Things You Need to Know to Start Your Day – Bloomberg

Hedge Funds Suffer Massive $22.5 Billion In Q4 Outflows – Zerohedge
US Industrial Production Jumps In December As Auto Manufacturing Surges – Zerohedge
Foxconn Cuts 50,000 Jobs Due To iPhone Sales Slowdown – Zerohedge

Elon Musk says he’s firing more than 3,000 Tesla staff because of ‘tiny’ profits and Model 3 production challenges – businessinsider
How Will China’s LGFVs Deal With The Substantial Offshore Refinancing Risk In 2019 – capitaliq
Small caps just did something they haven’t in three decades – cnbc

ECB rate hike to be delayed as recession risks rise again: Reuters poll – Reuters

China, Hong Kong markets climb on trade hopes, strong comeback by stocks that had plunged – scmp



Thursday 01/17

Business Live – guardian

Companies most exposed to the UK are getting crushed – saxo
SocGen Considers Shutting $4.7 Billion Prop-Trading Unit – Bloomberg
Morgan Stanley shares tank after earnings disappoint on weak trading, wealth management – cnbc
Trump ‘inclined’ to impose new U.S. auto tariffs: senator – Reuters
A bunch of stocks in Hong Kong crashed 70% without warning – and no one really knows why – businessinsider
Jiayuan Plunges 80% in Hong Kong as Bond Comes Due – Bloomberg
Chinese unemployment worries are growing as Beijing beefs up stimulus – cnbc
Latest China Bond Default Puts Spotlight on Financial Reporting – Bloomberg
PBOC pumps total 1.14 trillion yuan in four days to avoid cash squeeze – yuantalks



Wednesday 01/16

Business Live – guardian

China goes all out to boost its economy during trade talks, while the effect of US stimulus is fading – cnbc
The Brexit Saga Is Far From Over – Here’s What Analysts Are Expecting Now – Zerohedge
These stocks could surge the most if and when US and China reach a trade deal – cnbc
US labor market tightens, wages grow moderately, Fed says – cnbc
Goldman Sachs is bullish on commodities for four reasons – cnbc
Leveraged loans echo pre-crisis subprime crash: BoE’s Carney – Reuters
BofA beats profit estimates on higher interest income, loan growth – Reuters

BlackRock reports 60 percent slump in quarterly profit – Reuters
Some Quick Notes on Post Brexit Vote Trade – bk
UBS Says Investors Won’t Make Money on India Stocks in 2019 – Bloomberg

Italian banks face 2019 funding crunch without ECB help – Reuters

Italy draws record demand for new BTP syndicated deal – Reuters

BOJ to cut price forecasts, keep rosy economic view: sources – Reuters

German consumer prices fall sharply in December – Marketwatch
UniCredit: Bad-loan coverage meets ECB guidelines – Marketwatch
China Injects Record Funds to Counter Tax, Holiday Cash Demand – Bloomberg
EU car registrations fall in fourth-straight month – Marketwatch
China’s new home prices rise 10.6% in December – Marketwatch




Tuesday 01/15

China pledges economic stimulus, as German growth hits five-year low – business live – guardian

Dow rises more than 100 points, Netflix leads tech rally – cnbc
Debt hits new high of 2.3453 tn – Bank of Italy – ansa
Theresa May loses Brexit deal vote by majority of 230 – guardian
The trading business on Wall Street is struggling and that could mean bad news for these banks – cnbc

Fed’s Biggest Hawk Folds: George Says “Now May Be A Good Time To Pause Rate Hikes” – Zerohedge
Goodyear Tire Slashes Guidance, Blames China, Europe – Zerohedge
Stocks Plunge After Grassley Admits “Little Progress” In China Trade Talks – Zerohedge
Wells Just Reported The Worst Mortgage Number Since The Financial Crisis – Zerohedge
Empire State manufacturing index slumps again in January to lowest level in more than a year – Marketwatch
An Unexpected Development Could Crush The Leveraged Loan Market – Zerohedge
Jamie Dimon says shutdown could reduce economic growth to zero this quarter if it continues – cnbc

Italian banks sink on report ECB asks lenders to cover non-performing loans – Reuters

The Next American Car Recession Has Already Started – Bloomberg
Anonymous Buffett-like bet on S&P 500 causes a stir on the options market – cnbc
J.P. Morgan Chase’s stock sinks after profit and revenue miss expectations – Marketwatch
ECB has asked banks to fully cover impaired loans by around 2026 -paper – Reuters

Impact of China’s tax-cut stimulus is estimated at US$300 billion, or 1.2 per cent of output, according to JPMorgan’s economists – scmp



Monday 01/14

Daily Briefing: May manoeuvres before Tuesday’s crunch Brexit vote – Reuters

Hedge Funds and Quants Stay Hard Skeptics on the Stock Rebound – Bloomberg
China’s Capital Outflows Are Suddenly Soaring Again… And Why This Is Great News For Cryptos – Zerohedge
We’re entering the most important earnings season in recent memory, and the fate of the stock market hangs in the balance – businessinsider
Citi CEO: Let’s Not Talk Ourselves into a Recession – fortune
With reorganization inevitable, PG&E’s bankruptcy strategy is opaque – spglobal
Vanguard Holds Half of PG&E’s $920 Million Municipal Bonds – Bloomberg
Citi Fixed Income Crashes 21%, Worst Since 2011, In Ominous Sign For Wall Street – Zerohedge
What’s Next for the Stock Market and the Economy, According to the Experts – barrons
China’s hard landing? Watch prices on these 3 things, not economic data – Marketwatch
China Stocks Are at a Support Line That Preceded Epic Rallies – Bloomberg
PG&E’s stock plunge weighs on Dow utilities; 28 of 30 Dow industrial components trade down – Marketwatch

Greece is facing more political turmoil: Here’s what you need to know – cnbc

Citigroup misses fourth-quarter revenue expectations on much weaker-than-expected bond trading – cnbc

The 10-year yield just entered a death cross, and that could be a breaking point for bond market – cnbc

Newmont to buy Goldcorp in $10 billion deal to create world’s largest gold producer – Reuters

Europe has made a political decision to go into recession – businessinsider
Keep your money in stocks regardless of risk appetite, UBS says – cnbc
Italy – Factors to watch on Jan. 14 – Reuters

Monte Paschi Drops After ECB Says It Has Capital, Profit Issues – Bloomberg

Turkish lira weakens after Trump comment on economic devastation – Reuters

China to cut company tax and fees further to spur growth: minister – Reuters
Economists upbeat about China’s economy – chinadaily
The Chinese sectors where corporate debt default risks are the most acute, in one chart – businessinsider

Chinese FDI into North America, Europe falls 73 percent in 2018: report – Reuters

China’s trade surplus with U.S. hit record in 2018 – Marketwatch

China’s trade growth slowed in 2018, as global demand weakened – Marketwatch