TOP MARKETS NEWS: Week 02/26 – 03/04

Friday 03/02

 Markets fall as Trump says trade wars are ‘good and easy to win’ – business live – guardian
Tariffs Update: Latest News as the World Reacts – Bloomberg

U.S. Car Loan Rates Rise to Highest in Eight Years – Bloomberg
U.S. Inflation May Be Less Than Meets the Eye, These Gauges Show – Bloomberg
In 2002, President Bush Imposed 30% Steel Tariffs; This Is What Happened Next – Zerohedge
Trump’s Steel and Aluminum Trade Threat Hangs Over Nafta Talks – Bloomberg
Brazil threatens ‘action’ to protect interests after Trump tariff move – cnbc
Three Unanswered Questions About Trump’s Metals Tariffs – Bloomberg
Venezuelans Are Paying a 100% Premium for Cash – Bloomberg
Trump Tariffs Needle Allies More than China – Bloomberg
Trump tweets: ‘Trade wars are good, and easy to win’ – Reuters
ECB Now Expected to Delay Changes to its Guidance on Future Policy – Bloomberg
6 Reasons Why BofA Believes Another $6 Trillion Correction Has Started – Zerohedge

Five Things You Need to Know to Start Your Day – Bloomberg
European Banks Are Falling Out of Favor With Equity Strategists – Bloomberg
It’s Make or Break for Italian Equities – Bloomberg
Here’s the big short by the world’s largest hedge fund – and how it could flop – Marketwatch
These Could Be the Euro’s Five Most Important Days This Year – Bloomberg
UBS says these two election outcomes could derail progress for Italian banks – cnbc
Italy’s election has more similarities with Germany than you might think – cnbc
Hold Your Horses on Italian Exit Polls If History Is Any Guide – Bloomberg
THE TRADE WAR IS HERE: Trump sets off a chain reaction with massive tariff announcements as countries vow to retaliate – businessinsider
Asia may face steel, aluminum glut with Trump’s tariff plan – Reuters
Norges Bank Has Inflation Target Cut After Struggling to Meet It – Bloomberg
BOJ’s Kuroda Joins Queue of Central Banks Looking Toward Exit – Bloomberg
Bank of Japan Will Think About Stimulus Exit Around 2019: Kuroda – Bloomberg


Thursday 03/01

Business Live – guardian

Canada, Brazil — but not China — will be hit hardest by Trump’s steel tariffs – cnbc
Goldman’s playbook on how to invest around a global trade war – cnbc

Stocks Sink, Bonds Rally on Trump’s Metals Duties: Markets Wrap – Bloomberg

The Real Risks of Trump’s Steel and Aluminum Tariffs – nyt
Larry Kudlow: Trump’s tariffs a ‘bad omen’ and could cause ‘major calamity’ – cnbc
Trump Says U.S. to Impose Harsh Steel and Aluminum Tariffs – Bloomberg
Even as Powell softens tone, 4 rate hikes still on the table for 2018 – Marketwatch
Manufacturing in U.S. Expands at Fastest Pace Since May 2004 – Bloomberg
Real Disposable Incomes in U.S. Increase Most Since 2015 – Bloomberg
IMF chief sees growth, overheating, debt risks from U.S. tax cuts – Reuters
Why Measuring Inflation Is Such a Tricky Business: QuickTake – Bloomberg
These Two Central Bankers Are Getting it Wrong on Pay: Gadfly – wp
Powell Shoots for Soft Landing That’s Eluded Seasoned Fed Chiefs – Bloomberg
Aluminum Slips Ahead of Trump Tariff Decision While Zinc Sinks – Bloomberg

Eurozone manufacturing upturn remains robust in February – markit
GERMANY: Manufacturing boom shows signs of easing amid supply-chain constraints – markit
This $1 Trillion Money Manager Just Joined the Crypto Frenzy – Bloomberg
A Five Star Win in Italy Could Mean Pain for Bondholders – Bloomberg
China’s Debt Pain Will Spur Long-Run GDP Gain, Morgan Stanley Says – Bloomberg
Spanish Consumer Spending Cools as Economy’s Pace Starts to Ease – Bloomberg
David Einhorn’s hedge fund was crushed – again – in February – cnbc
Caixin: China factory output sped up in February – Marketwatch


Wednsday 02/28

Markets fall as interest rate rise fears weigh on investors – business live – guardian

Stocks Sink Into Worst Monthly Decline Since 2016: Markets Wrap – Bloomberg
Bets against junk bond funds reach record levels on rising rate fears – cnbc
Summers Warns Next U.S. Recession Could Outlast Previous One – Bloomberg
Could Spotify really be worth $23bn? – bbc
The Spotify IPO filing includes a giant warning sign – Marketwatch
POLITICO Analysis: At $2.3 trillion cost, Trump tax cuts leave big gap – politico
Options traders lost big from tweak in short volatility ETPs: strategists – Reuters
USD/JPY tumbles on BOJ “back-door” tapering and renewed US political jitters – fxstreet
Five Charts Show Gold Constrained Inflation and Rising Rates – Bloomberg
Shale Surge Sent U.S. Oil Production to Record High in November – Bloomberg
Goldman Sachs and SocGen Submit Bids for Commerzbank Unit – Bloomberg

Global funds cut stocks to three-month low after turbulent February: Reuters poll – Reuters

Q4 GDP Revised Lower To 2.5% Despite Stronger Spending – Zerohedge

SocGen: The Fed Is Wrong, “The Growth Spurt Is Now Behind Us” – Zerohedge
Berlusconi Guns for Fifth Term as Premier: Italy Campaign Trail – Bloomberg
Slowing Euro-Area Inflation Helps Draghi Push Back Exit Debate – Bloomberg

Costly dollar hedges tarnish U.S. bonds for overseas investors – Reuters
Q3 GDP Data: India’s Economy Continues To Rebound – Bloomberg
The relationship between US consumer confidence and recessions, in one chart – businessinsider
4 financial-market takeaways from Fed chief Jerome Powell’s debut – Marketwatch
Deutsche Bank says an era of higher volatility and more regular market selloffs has arrived – businessinsider

China growth loses steam as factory activity drops – Marketwatch
Japan output drops by most since 2011 tsunami – Marketwatch
JGBs track Treasuries lower, impact from reduced BOJ buying limited – Reuters



Tuesday 02/27 – Fed Chair Powell Delivers First Testimony To Congress

Business Live – guardian

Stock market ends lower as Powell’s testimony stokes fresh inflation, rate-hike fears – Marketwatch
Ex-Fed chief Yellen casts doubt on raising 2% U.S. inflation target – Marketwatch
UBS names upcoming emerging markets elections to watch – cnbc
Libor-OIS Blows Out As Libor Rises Above 2% For The First Time In 10 Years  – Zerohedge

Atlanta Fed GDP Now estimate for 1Q growth comes in at 2.6% vs 3.2% last – forexlive

Dalio Says Central Banks Face Challenge After ‘Goldilocks’ Phase – Bloomberg
Fed’s Powell nods to stronger economy, backs gradual rate hike path – Reuters
Fed Chairman Powell: Market volatility won’t stop more rate hikes – cnbc
Stocks Sink As ‘Hawkish’ Powell “Sees Some High Prices”, Raises Economic Assessment  – Zerohedge
Watch Live: Powell’s First Congressional Testimony – Inflation, Rate Hikes, Volatility And More – Zerohedge
Norway’s wealth fund doubles return in 2017 as stock market booms – Reuters
Advance Data Signals Biggest US Trade Deficit In 10 Years  – Zerohedge
Durable Goods Orders Tumble In January  – Zerohedge
The $1 Trillion Debt Boom That’s Making Emerging Markets Safer – Bloomberg
China’s Xi Jinping: Extending president’s rule ‘would be farce’ – bbc
Dollar Spikes After Weidmann’s ECB Rate-Hike Comments – Zerohedge
Weidmann Says ECB Could Be More Specific on Rate Guidance – Bloomberg
Bundesbank Raises Risk Provisions as ECB Nears Stimulus Unwind – Bloomberg
German inflation slows more than expected in February – Reuters
German court rules in favor of banning diesel vehicles in cities – cnbc

Eurozone economic sentiment drops in February – ing
Euro-Area Economic Confidence Declines for a Second Month – Bloomberg
It looks like Europe’s economic recovery may have passed its peak  – businessinsider
Chinese Investors Yank Record Funds From Hong Kong Stocks – Bloomberg
The US’s national debt spiked $1 trillion in less than 6 months – businessinsider
ETF Changes for UVXY and SVXY ETFs – etftrack
IMF’s Lagarde Warns of Volatile Flows From Policy Normalization – Bloomberg
Daily Briefing: Rail reform – big test for Macron – Reuters
Comcast takes on Fox with $30.9 bln bid for Sky – Marketwatch
The Top Sector in Asian Stocks Isn’t What You Think It Is – Bloomberg
Home prices in China’s largest cities continue to fall – businessinsider
The Australian dollar isn’t doing much as traders wait for a bigger event ahead – businessinsider
Morgan Stanley predicts a 45% fall in lithium prices by 2021 – businessinsider



Monday 02/26 

Business Live – guardian

S&P 500 Erases All Losses From Worst Day of February Selloff – Bloomberg
Global FANG Index Just Hit a Record High – Bloomberg
Paschi Could Merge With a Rival This Year, Italian Official Says – Bloomberg
While everyone else was selling stocks this month, companies were buying heavily – cnbc
King Cash Threatens the Reign of Credit Markets From U.S. to Europe – Bloomberg
Xi Jinping Just Put China’s Whole Political System in Danger to Stay in Power Longer – slate
Fed Gauges of Factories’ Pricing Power Add to Signs of Inflation – Bloomberg
“So Bullish, I Went All-In” – 2018: The Year Of The Margin Call – Zerohedge
Giant Oil Ships From the U.S. to Cut Time, Money and Traders – Bloomberg
Euro Drops After EU Plans Tax-Hikes On Tech Firms – Zerohedge
Tech giants could be taxed up to 5 percent of total revenue under new EU plan – cnbc
What’s Really Happening With Venezuela’s “El Petro”? – Zerohedge
Euro zone economic slack may be bigger than thought: Draghi – cnbc
Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – europa
What correction? Popular ‘FAANG’ stock portfolio is already back to new high – cnbc
Dallas Fed Bucks Survey Trend – Soars To 13 Year High – Zerohedge
January New Home Sales Crash As Rates Spike – Zerohedge
Deutsche Bank: This Does Not Make Sense – Zerohedge

Powell May Accept Inflation Overshoot to Extend U.S. Expansion – Bloomberg
Day Ten of Draghi’s Latvian Ordeal Shifts Scene to Brussels – Bloomberg

Fed’s Bullard says low U.S. ‘neutral’ interest rate unlikely to rise over next 2 years – Marketwatch

Time to Sell Cyclical Stocks? Not Yet, Say JPMorgan Strategists – Bloomberg

General Electric is restating 2 years of earnings – Reuters
The Rules of the Game Are Changing on the Fed – Bloomberg
Powell May Accept Inflation Overshoot to Extend U.S. Expansion – Bloomberg

A CTA disaster – ftalphaville
With $116 billion cash, Buffett says Berkshire needs ‘huge’ deals – Reuters
organ Stanley Takes on Goldman, Buffett With Bullish Bond Call – Bloomberg
They’re Richer Than Ever in the Land of Negative Interest Rates – Bloomberg
Latvia Scandal Places ECB Role as Bank Supervisor Under Scrutiny – Bloomberg
Treasuries Are on Knife-Edge But Big Funds Are Ready to Add Risk – Bloomberg
Italy: A vocal campaign, but light on key issues – ING – fxstreet
Preview Of The Extremely Busy Week Ahead – Zerohedge
Italy’s uncertain election: Five questions on investors’ minds – Reuters
Legalised brothels, flat tax and a repeal of 400 laws: Here’s what Italy’s political parties are promising ahead of this week’s election – businessinsider
Dividends are growing – but the market’s not buying it quite yet – cnbc

Deutsche Bank Kicks Off Asset Management Unit’s Public Offering – Bloomberg
These China Stocks Are Performing Best Under Xi Jinping – Bloomberg
What an Extension of Xi’s Reign in China Means for Investors – Bloomberg
Italy’s Five Star Leader May Seek ‘Grand Coalition’ – Bloomberg
Nearly Half of 2017’s Cryptocurrency ‘ICO’ Projects Have Already Died – fortune

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