TOP MARKETS NEWS: Week 02/26 – 03/03

Weekend 03/02 & 03/03

Τhese Are The Best And Worst Performing Assets Of February And YTD 2024- Zerohedge
OPEC+ Extends Oil Output Cuts Through Mid-Year In Bid To Further Boost Price – Zerohedge
Is A Mag7 ‘Gamma Squeeze’ About To Send Bitcoin ‘To The Moon’? – Zerohedge

Europe’s Super-Stock Envy Feeds Mag Seven Monikers – Zerohedge
As China Builds Yugos, EVs May Be The New Edsels – Zerohedge

Friday 03/01

Business Live – guardian

US Bank Crisis Looms As Deposit Outflows Accelerated Last Week, Loan Volumes Stagnate – Zerohedge
Dell-induced AI stock surge while soft ISM ramps Fed rate cut pricing – Newsquawk US Market Wrap
‘Everything’ Rallies On First Day Of March After Fed Hints At Next ‘QE’ – Zerohedge
Nasdaq surges more than 1% to take out 2021 record, S&P 500 closes above 5100 for the first time – cnbc
Gold & Bonds Soar As Fed’s Waller Hints At QE Reverse-Twist – Zerohedge
“This Is A Good As It Gets For Biden”: One Bank Says A Trump Victory Is Now A Base Case – Zerohedge
Democrats Lost Faith In February As UMich Inflation Indicator Ticked Up – Zerohedge
WTF Is Going On With US Manufacturing PMI Data… – Zerohedge

Futures Flat As Rally Fades, CRE Stress Returns – Zerohedge
Three things to watch at next week’s ECB meeting – ing
Euro zone inflation cools less than expected to 2.6% in February – cnbc
Daimler Truck Forecasts Flat Earnings as Economy Slows – bbg
Daimler Truck surges 13% to new record on bumper earnings, buyback announcement – cnbc
Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround – cnbc
European markets set for gains ahead of euro zone inflation data – cnbc

Japan’s Nikkei 225 closes shy of 40,000 record level; China markets rise after factory data – cnbc
China Manufacturing Slump Weighs on Asia Factory Activity – bbg
China’s factory activity contracts in Feb – chinadaily
China Factory Activity Slows as Weak Demand Hampers Growth – bbg
Chinese Stocks Snap Record Run of Outflows as Rescue Clouds Data – bbg
GQG’s $19 Billion Fund Says Chinese Stock Rally Is ‘Confusing’ – bbg
China Politburo Vows to Meet Growth Targets Amid Slow Recovery – bbg

Asia Mixed, US Stocks Hit Record on Inflation Data: Markets Wrap – bbg


Thursday 02/29

Business Live – guardian

Dell Reports Sales That Top Estimates on AI Server Excitement – bbg
HPE Cuts Full-Year Forecast on Networking Slowdown, Chip Crunch – bbg
Stocks gain after in-line PCE on month-end – Newsquawk US Market Wrap
Leap-Of-Faith: Feb Favored Bitcoin-Bulls, Bond-Bears, AI-Advancers, & Anti-Obesity Advocates – Zerohedge
S&P, Nasdaq End at Records as Inflation Data Supports Rate Cut View – Reuters
Nasdaq closes at first record since 2021, major averages end February with 4th monthly gain – cnbc
Oil Demand at 4-Year High to Hold Steady for 2024, EIA Says – bbg
Obesity Drugs Won’t Solve Our Billion-Person Problem, WHO Warns – bbg
Nvidia Stock’s Rally Is Amazing, but Not Extraordinary – barrons
Bitcoin ETF Record Gets Broken Yet Again on $612 Million Inflow – bbg
Disney’s $8.5 billion Reliance merger is a streaming wars win in sports-obsessed India – cnbc
“Who Could Be Next”: Top Canadian Pension Fund Sells Manhattan Office Tower For $1, Sparking Firesale Panic – Zerohedge
Portugal Sees Risk in Keeping ECB Interest Rates High, Urges Cut – bbg
Influential Fed Official Mester Supports Bank Capital Increases – bbg
AMD’s Market Value Tops $300 Billion on Wave of AI-Fueled Rally – bbg
Stocks making the biggest moves midday: Chemours, Snowflake, Hormel, and more – cnbc
European Shares Edge up on Earnings Relief; German DAX at Record High – Reuters
European Stocks Notch 4-Month Winning Streak After PCE Reassures – bbg
Pending Home Sales Puked In January, Back Near Record Lows – Zerohedge
US Pending Home Sales Fall by Most Since August as Borrowing Costs Creep Up – bbg
Survey-Based Sentiment Slump Continues As Prices Paid Accelerates in Plunging Chicago PMI – Zerohedge

Fed’s Preferred Inflation Metric Increases by Most in a Year – bbg
Services Drive US Prices Higher in January; Inflation Gradually Cooling – Reuters
SuperCore Inflation Soars In January, Services Costs Re-Accelerate As Govt Handouts Spike – Zerohedge
Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago – cnbc
Best Buy Sales Decline at Slower Pace as Demand Improves – bbg
Futures Fall Ahead Of Key PCE Print – Zerohedge
Apple Supplier AMS-Osram Plunges 45% After Key Project Axed – bbg
Euro Zone Inflation Dips but Stubborn Core Prices May Worry ECB – Reuters
Goldman Says Office Tower Prices Must Plunge 50% For Housing Conversion To Make Sense – Zerohedge
Spanish inflation cools sharply in February, but further downside potential limited – ING
European markets head for higher open ahead of key inflation reports from the U.S. and Europe – cnbc

Asia markets mixed as investors await key U.S., China economic data – cnbc
Hong Kong stocks fall most in 4 weeks as traders pocket gains; SHKP leads developers higher after property curbs scrapped – scmp
BOJ Board Member Signals Exiting Negative Interest Rate Policy Is Closer – bbg
India’s Economic Growth Unexpectedly Accelerates to Above 8% – bbg

Asian Stocks to Echo US Drop as Bonds, Dollar Rise: Markets Wrap – bbg

Wednesday 02/28

Paramount Sales Fall on Ad Slump; Streaming Subscribers Rise – bbg
Paramount falls short of revenue expectations but posts surprise profit, strong streaming results – cnbc
HP Misses First-Quarter Revenue Estimates on Sluggish Demand in PC Market – Reuters
HP Reports Sales That Miss Estimates With PC Slump Dragging On – bbg
Snowflake’s Frank Slootman to Retire From CEO Role, Will Remain Board Chair – bbg
Salesforce Outlook Disappoints as AI Fails to Spark Growth – bbg
Salesforce shares slip after the company calls for single-digit full-year revenue growth – cnbc
Stocks sold and bonds bought as eyes turn to PCE – Newsquawk US Market Wrap 
Stocks Slip As Crypto Rips & Dips On Record ETF Volumes – Zerohedge
S&P 500, Nasdaq close lower Wednesday as inflation report looms – cnbc
UnitedHealth Shares Tumble After Report of Antitrust Investigation – Reuters
Stocks making the biggest moves midday: Bumble, Beyond Meat, eBay, Urban Outfitters and more – cnbc
Crypto Leverage Is Roaring Back, Fueling Latest Bitcoin Surge – bbg
Crypto Mania Drives Record $520 Million Into BlackRock Bitcoin ETF in a Single Day – bbg
European Shares Drop on Earnings Dismay; Investors Await Inflation Data – Reuters
Bitcoin ETFs see record-high trading volumes as retail investors jump on crypto rally – cnbc
Coinbase users see $0 balance after crypto-trading app suffers glitch – cnbc

US Consumer Spending Fuels Strong Fourth-Quarter GDP Growth – Reuters
US GDP “Grew” $334 Billion In Q4…. That Growth Cost $834 Billion In Debt – Zerohedge
It’s Impossible to Call the Top in Stocks, Goldman’s Rubner Says – bbg
Future Slide As Hawkish Fed Concerns Return – Zerohedge
Baidu’s Revenue Climbs after AI Helps it Weather China Downturn – bbg
Euro-Area Economic Confidence Unexpectedly Weakens on Services – bbg
Santander Online Bank to Offer AI-Based Price Targets for Stocks – bbg
Reckitt Lowers Outlook as Sales Fall Amid Easing Inflation – bbg
European markets open mixed; Vodafone confirms advanced talks with Swisscom over Italian unit sale – cnbc

Asia-Pacific markets mostly fall; Hong Kong shares drop after budget announcement – cnbc

Asia Set for Muted Open; US Bond Sales in Focus: Markets Wrap – bbg

Tuesday 02/27

Business Live – guardian

Markets chop with falling consumer confidence and durable goods orders ignored – Newsquawk US Market Wrap
‘Big Shorts’, Bitcoin, & Black Gold Bid As Yield Curve Bear-Steepens – Zerohedge
S&P 500, Nasdaq Composite close higher on Tuesday – cnbc
Stocks making the biggest moves midday: Norwegian Cruise Line, Unity Software, Viking Therapeutics and more – cnbc
Apple’s EV Wind Down Offers Reprieve to Tesla and Detroit Rivals – bbg
Apple cancels work on electric car, shifts team to generative AI – bbg
Arm’s February Surge Prompts an Early Bull to Step to the Side – bbg
Fed Swaps Briefly Price Only 75 Basis Points of Easing in 2024 – bbg
US Consumer Confidence Decreases for First Time in Four Months – bbg
US Home Prices Rose For 11th Straight Month In December, But… – Zerohedge

US Durable Goods Orders Collapsed In January – Biggest Drop Since COVID Lockdowns – Zerohedge
Norwegian’s Outlook Signals Strong Demand Despite Red Sea Chaos – bbg
Barclays raises S&P 500 price target as US economy continues to defy headwinds – investing
Futures Flat Ahead Of Flood Of Economic Data – Zerohedge
Stocks making the biggest moves premarket: Unity Software, Cava, Zoom Video, Viking Therapeutics and more – cnbc
Puma Expects Sneaker Demand To Gradually Pick Up Throughout Year – bbg
A Slow-Motion Property Crash in Germany Is a Bigger Threat to Banks Than US CRE – bbg
Debt-Addicted Companies Look to Equity as Interest Costs Skyrocket – bbg
Grayscale’s Bitcoin ETF Exodus Reaches $7.4 Billion in First 30 Trading Days – bbg
European stocks mixed after global market pullback; Abrdn up 4.5% – cnbc

Asia-Pacific stocks trade mixed as Wall Street benchmarks slip from record highs – cnbc
China’s National Team Bought $57 Billion of Shares, UBS Says – bbg
BlackRock Says Japanese Stocks Can ‘Best Their All-Time Highs’ – bbg
Amundi Says Buy Japan Stocks Unhedged to Profit on Stronger Yen – bbg
Japan Two-Year Yield Rises to Highest Since 2011 on BOJ Bets – bbg
Japan’s Inflation Tops Forecasts, Supporting BOJ Rate Hike Bets – bbg

Asia Traders to Follow Cautious Wall Street Tone: Markets Wrap – bbg


Monday 02/26

Business Live – guardian

Stocks making the biggest moves after hours: Workday, Zoom, CarGurus, Unity Software and more – cnbc
Zoom shares jump as quarterly results beat on top and bottom lines – cnbc
Crypto Rips, Mag7 Dips, As Super-Short-Squeeze Sends Small-Caps Soaring – Zerohedge
Equities Subdued as Attention Turns to Data – Reuters
The S&P 500 closes lower on Monday, retreating from record, as rally pauses – cnbc
A Bond ETF Sees Record Influx as Traders Rethink Rate-Cut Bets – bbg
Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021 – cnbc
Stocks making the biggest moves midday: Berkshire Hathaway, R1 RCM, Freshpet, Amer Sports and more – cnbc
Morgan Stanley’s Shalett Says Look Abroad to Hedge US Stocks Bet – bbg
Microsoft invests in Europe’s Mistral AI to expand beyond OpenAI – cnbc
Europe’s STOXX 600 Falls at Start of Inflation Data-Driven Week – Reuters
Lagarde Sees More Disinflation But Seeks Proof of Return to 2% – bbg
Walton Family Sells $1.5 Billion of Walmart Stock After Rally – bbg
US New Home Sales Disappoint In January, Median Prices At 2 Year Lows As Supply Jumps – Zerohedge
US New-Home Sales Rise After Downward Revisions to Past Months – bbg

Futures Flat After Record-Breaking Week – Zerohedge
Stocks making the biggest moves premarket: Domino’s Pizza, Berkshire Hathaway, Moderna, Fluence Energy and more – cnbc
Micron Starts Mass Production of Memory Chips for Use in Nvidia’s AI Semiconductors – Reuters
Li Auto Posts First Full Year in Black But Sees Challenges Ahead – bbg
Key Events This Week: All Eyes On Core PCE Amid Deluge Of Fed Speakers – Zerohedge
European markets set to start the week lower as investors await inflation data – cnbc

Japan’s Nikkei 225 extends rally to new highs; China set to snap nine-day winning streak – cnbc
China State Firm in Rare Move Sells Debt to Help Fund Local LGFV – bbg
China’s Weak Local Borrowing Raises Hope for More Central Aid – bbg

Asia Stocks Eye Mixed Open After US Rally Stalls: Markets Wrap – bbg