TOP MARKETS NEWS: Week 04/05 – 04/11

Weekend 04/10 & 04/11

China’s Digital Yuan Comes With An Expiration Date – Zerohedge
China fines Alibaba record $2.75 billion for anti-monopoly violations – Reuters
Melvin Capital Down Another 7% In March, Brings Q1 Loss To 49% – Zerohedge
Earnings season is about to get underway and that could be a positive catalyst for stocks – cnbc

Friday 04/09

Business Live – guardian

Dow jumps nearly 300 points to a record high, gains 2% for the week – cnbc
BlackRock, State Street Exploring Takeover Of Credit Suisse Asset Management Arm – Zerohedge
Peak Euphoria: Stock Inflows In Past 5 Months Exceed Inflows From Prior 12 Years – Zerohedge
Blackstone’s Byron Wien predicts correction before stock market ends year higher than now – cnbc
OECD Sets “Ambitious” Mid-Summer Deadline For “Global Minimum Tax” Talks – Zerohedge
European stocks on longest weekly winning streak since November 2019 – Reuters
German exports rise in February, lifted by China trade – Reuters
Digital pound would boost post-Brexit City of London, think-tank says – Reuters
World stocks hit record high, powered by Wall Street – Reuters
Analysts up Asia’s forward 12-month earnings forecasts on recovery hopes – Reuters
China stocks post weekly loss on tightening worries, Sino-U.S. friction – Reuters
China’s auto sales surge 75% in March, 12th straight monthly gain – Reuters
China factory gate prices rise by most in nearly 3 years as economic recovery quickens – Reuters
“Calm Before A Storm” – New VIX ‘Whale’ Bets On “Market Fragility” Breakout This Summer – Zerohedge

Thursday 04/08

Business Live – guardian

Dollar Dump Sparks Bid For Bonds, Bullion, Bitcoin, & Big-Tech – Zerohedge
S&P 500 notches another record high as major tech stocks gain – cnbc
Credit Suisse Tightens Hedge Fund Lending As Senator Demands “Answers” From Banks On Archegos Blowup – Zerohedge
Biden proposes global reforms to end ‘profit shifting’ to tax havens – guardian
Bonds Jump, Stocks Dump As VIX Curve Signals Trouble Ahead – Zerohedge
Giant VIX Options Trades Bet That Stock-Market Calm Won’t Last – Bloomberg
Over 18 Million Americans Are Still On Government Jobless Benefits, Despite Broad ‘Reopenings’ – Zerohedge
Mercedes Q1 Sales Rise By 22% After Demand Surges From China, North America – Zerohedge
Prosus nets $14.6 billion from sale of Tencent stake – Reuters
Asia shares loiter as S&P futures climb fresh peak – Reuters

Wednesday 04/07

Business Live – guardian
Stock market news live updates: Stocks drift near record highs – yahoofinance
G20 finance officials to meet on pandemic measures, U.S. global minimum tax plan – Reuters
“The Party Does Seem Like It’s Over”: Biden Tax Plan To Hit Tech And Pharma Hardest – Zerohedge

S&P 500 ekes out a record close as Fed plans to stick with easy policy – cnbc
Yellen Unveils $2.5 Trillion Tax Reclamation Plan, Fed Threatens To Withdraw Accommodation As Pandemic Ends – Zerohedge
12 Words For Q2 2021 – Zerohedge
Biden willing to negotiate on corporate taxes, but ‘sick and tired’ of non-payers – Reuters
Biden will press U.S. companies to pay ‘acceptable’ level of tax – Reuters
Fed officials say easy policy will stay in place until economic ‘outcomes’ are achieved – cnbc
FOMC Minutes Signal Optimism On Fiscal Plans, Some Officials Fear “Stability Risks” – Zerohedge
Biden open to negotiating on corporate tax hike, but says U.S. must take bold action on infrastructure – cnbc
Biden Infrastructure Stimulus Will Shrink GDP Over Long-Term, Wharton Analysis Finds – Zerohedge
Goldman Sachs Cut Chevron Stock. Here Are the Oil Stocks to Buy Instead – barrons
JPMorgan CEO Dimon sees U.S. economic boom through 2023 – Reuters
EU medicines regulator finds possible link between AstraZeneca Covid vaccine and blood clots – cnbc
Stocks making the biggest moves in the premarket: Beyond Meat, Nokia, Li Auto & more – cnbc
Fallout From Greensill Collapse Splatters British Government, Leaves Taxpayers With Big Losses – Zerohedge
Explainer: What is a global minimum tax and how could it affect companies, countries? – Reuters
Analysis: Even as it tapers, BOJ invents new weapon to stimulate growth – Reuters
“A Gigantic Clusterf**k”: How Morgan Stanley Avoided $10BN In Archegos Losses By Selling First – Zerohedge
Goldman Sachs downgrades India’s growth forecast as Covid cases spike – cnbc
SocGen in talks over $979 million sale of Lyxor to Amundi – Reuters
Pandemic slows India’s services activity slightly in March – Reuters
China shares down as consumer firms weigh; Hang Seng slips 0.65% – Reuters

Tuesday 04/06

Business Live – guardian

Dow falls nearly 100 points from a record high, S&P 500 breaks a 3-day winning streak – cnbc
“Convexity Is Always Lurking” – Here’s How Credit Suisse Managed To Lose $4.7 Billion In The Archegos Debacle – Zerohedge
“A Gigantic Clusterf**k”: How Morgan Stanley Avoided $10BN In Archegos Losses By Selling First – Zerohedge
UBS Predicts 80,000 More Retail Stores Will Close In Five Years – Zerohedge
Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals – cnbc
Cryptocurrency inflows hit all-time high of $4.5 billion in first-quarter: Coinshares – Reuters
Coinbase Q1 Revenue Up 9x To $1.8BN Ahead Of Long-Awaited IPO – Zerohedge
China’s Digital Currency Has Nothing To Do With Bitcoin – Zerohedge
China leaps into a central digital bank currency, but similar progress eludes the U.S. – cnbc
Short-seller Hindenburg takes aim at Chinese crypto firm Ebang, shares slump – Reuters
Toshiba Soars After Receiving $20BN LBO Offer From CVC – Zerohedge
Norwegian Cruise Line to resume sailing with vaccinated passengers – thehill
Yields Slide As Doubts Grow Over Biden Infrastructure Plan – Zerohedge
Semi Chip Prices Expected To Rise Through All Of 2021 – Zerohedge
Managing Divergent Recoveries – imf
IMF increases global growth forecast, says crisis end is ‘increasingly visible’ – cnbc
Stocks making the biggest moves in the premarket: Illumina, Cara Therapeutics, Snap & more – cnbc
BP hits $35 billion net debt target well ahead of schedule – Reuters
One Bank Spoils The Party, Reminds Traders We Are This Close To The “Breaking Point” – Zerohedge
Bitcoin ETF coming ‘in a year or two,’ analyst says as SEC mulls applications – cnbc
Capital hike brings Air France under government’s wing – Reuters
Air France KLM wins EU okay for $4.7 billion recapitalisation – Reuters
Archegos Fallout: Credit Suisse Cuts Dividend, Slashes Buybacks; Headed For 2nd Straight Quarterly Loss – Zerohedge
Credit Suisse cuts dividend on hit from Archegos hedge fund scandal; investment bank head and chief risk officer step down – cnbc
Asian equities witness foreign outflows for third month in March – Reuters
Australia hold rates at 0.1%, cautious on housing boom – Reuters
China Credit Impulse Set To Collapse As Beijing Orders Banks To Curtail Loan Growth For Rest Of 2021 – Zerohedge
China stocks fall as healthcare, consumer companies weigh – Reuters
China’s services sector recovery picks up in March as hiring grows, private survey finds – cnbc


Monday 04/05

Credit Suisse Dumping Huge Archegos Blocks; Liquidating Millions In VIACS, VIPS And FTCH – Zerohedge
Credit Suisse to reveal losses from Archegos; 2 execs to depart: sources – Reuters
Archegos Positions Slide Amid Fears Of Stealth Prime Broker Deleveraging – Zerohedge
Barclays says market pricing of the Fed hiking cycle is too aggressive – forexlive
Strong economic data lifts Dow, S&P 500 to record closes – Reuters
Dow climbs 370 points to close at a record high amid optimism on the economic recovery – cnbc
Comparing Stimmy 1, 2 And 3: Who Spent What And Where – Zerohedge
China Creates its Own Digital Currency, a First for Major Economy – wsj
Jobs To Reach Pre-Pandemic Levels By Year-End: BofA – Zerohedge
England to open shops, gyms and outdoor pubs, PM Johnson says – Reuters
Crude Is Crashing – Zerohedge
Norwegian Cruise to mandate COVID-19 vaccination for guests and crew – Reuters
Facebook, Alphabet and Microsoft shares soar to all-time highs – cnbc
“The Biggest Concern Is Stagflation” – Factory Orders Tumble As Services Surveys Signal Soaring Inflation – Zerohedge
U.S. services sector gauge scales record high; cost pressures mounting – Reuters

Dollar Tumbles After Goldman Closes Short USD Reco – Zerohedge
Crypto market cap soars to record $2 trillion, bitcoin at $1.1 trillion – Reuters
Stocks making the biggest moves midday: Tesla, AMC Entertainment, Charles Schwab and more – cnbc
Why Joe Biden’s $2 Trillion Infrastructure Plan May Fail – Zerohedge
New batch of $1,400 stimulus checks includes ‘plus-up’ payments to those eligible for more money – cnbc
Air France-KLM poised to announce refinancing steps – Reuters
‘It’s a big mess.’ Europe buckles down for Easter as Covid cases eclipse spring 2020 levels – cnbc
Key Events This Week: Minutes, Services And Producer Prices – Zerohedge
Howard Marks Says ‘Best of Buying’ Came Too Fast for Record Fund – Bloomberg
Yellen Urges US Allies To Adopt Global Minimum Corporate Tax Rate – Zerohedge
US Airports Busiest In More Than Year On Good Friday – Zerohedge
“Cars Are 2021’s Toilet Paper” – US Automakers Report Blowout First Quarter As EV Sales Soar – Zerohedge
One Step Away From “ESG”: Why Uranium Stocks Are About To Soar – Zerohedge
Goldman, JPM Expect Econ Activity In April, May To Top “Anything We’ll See In Our Careers” – Zerohedge