TOP MARKETS NEWS: Week 04/06 – 04/12

Weekend 04/11 & 04/12

Live Blog / Coronavirus live updates: U.S. now leads world in deaths, passes 20,000 mark – nbcnews
US Now Has More Confirmed COVID-19 Deaths Than Any Other Country: Live Updates – Zerohedge

OPEC and allies finalize record oil production cut after days of discussion – cnbc
Here Are All The ETFs That Will Be Bought By The Federal Reserve – Zerohedge
How the Virus Transformed the Way Americans Spend Their Money – nyt
Inside America’s Two-Decade Failure to Prepare for Coronavirus – politico
Singapore Oil Trading Giant On Verge Of Collapse After Banks Freeze Credit Lines – Zerohedge
The Coronavirus Shock Looks More like a Natural Disaster than a Cyclical Downturn – libertystreeteconomics
What is “helicopter money” and is it a good idea? – schroders

 

Friday 04/10

Mexican Standoff Continues: AMLO Claims US-Mexico Oil Deal At G-20, OPEC+ Denies Knowledge – Zerohedge
Gundlach Warns Stay Away From Gold ETFs: “What Happens If Everyone Wants Delivery” – Zerohedge
The pandemic strengthens the case for universal basic income – wp
U.S. consumer prices post largest drop in five years amid coronavirus disruptions – Reuters
Insanity: As The US Enters A Depression, Stocks Are Now The Most Overvalued Ever – Zerohedge
Fed, BoE push deeper into uncharted territory in face of coronavirus slump – Reuters
State Street Delays Shaking Up World’s Biggest ETF on Volatility – Bloomberg

 

 


Thursday 04/09

 Markets poised for Opec decision as US jobless data looms – business live – guardian
Cuomo Says We’re Only Seeing ‘The First Wave’ Of COVID-19 As Europe Sees Jump In Deaths: Live Updates – Zerohedge

Free Markets Are Dead: Fed To Start Buying Junk Bonds, High Yield ETFs – Zerohedge
The Normal Economy Is Never Coming Back- fp
Fed Tapers QE Again, Will Buy “Only” $30 Billion In Treasuries Per Day – Zerohedge
Fed Firepower + Massive Job Losses = Weaker Dollar – bk
Small Businesses Wait for Cash as Disaster Loan Program Unravels – nyt
Oil Turns Negative After Russia, Saudis Agree To Cap Output At 8.5MM B/D For 2 Months – Zerohedge
IMF chief says pandemic will unleash worst recession since Great Depression – Reuters
Tightening oil storage picture underlines urgency for production cuts – Marketwatch
Gold Is Soaring… – Zerohedge

Bill Gates thinks schools will reopen in the fall, but the economy won’t magically return to the way it was before – cnbc
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy – nbcnews

Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy – fed
A Shocking 17 Million Americans Have Filed For Unemployment In Past 3 Weeks – Zerohedge
US weekly jobless claims jump by 6.6 million, bringing three-week total to more than 16 million – cnbc
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS – dol
Coronavirus: Government agrees emergency funding deal with Bank – bbc
Bank of England and Treasury announce temporary monetary financing – ing

Sunak Taps BOE Overdraft to Keep Crisis Stimulus Cash Flowing – Bloomberg
UK Unleashes Helicopter Money: In Historic Move, BOE Becomes First Central Bank To Openly Monetize Deficit – Zerohedge
The U.K. economy was crippled before the virus hit. More reason for the government to be careful about Brexit – Marketwatch
U.S. weekly jobless claims seen hovering near record highs – Reuters
Spain Announces Guaranteed Free Money: What’s Really Going On? – Zerohedge
“Black Swan” Hedge Fund Advised By Nassim Taleb Returns 3,612% In March – Zerohedge
BOJ cuts outlook for all Japan regional economies – Marketwatch
Saudi Arabia buys stakes worth $1 billion in European oil companies: WSJ – Reuters

 

Wednesday 04/08

Business Live – guardian

VIX futures point to coronavirus worries for months to come – Reuters
Stocks Return to Bull Market Territory as Oil Prices Surge – barrons

1 in 4 Americans have either lost their job or had pay cut from coronavirus shutdowns: Survey – cnbc
The Fed staff’s worst-case scenario: No recovery until next year – Marketwatch

FOMC Minutes Signal “Profoundly Uncertain” Outlook, Feared Treasury Market Disfunction – Zerohedge
Fed may nibble at junk bond market, says UBS – Marketwatch

Global Economies Suffer “Largest Drop On Record”: OECD –  Zerohedge

U.S. oil prices bounce higher a day ahead of Thursday OPEC+ gathering – Marketwatch
US jobless claims expected in the millions for third consecutive week – yahoofinance
Morgan Stanley Warns It Will Take At Least 7 Months For Markets To Normalize – Zerohedge
No rent was paid in April by nearly a third of American renters – Marketwatch
Spain hits 14,500 coronavirus deaths, big economic slump forecast – Reuters
EU ministers fail to agree virus economic rescue in all-night talks -Reurers
Government debt sales hit record $2.1 trln in March in “dramatic” global debt bulge -IIF – nasdaq

 

 

Tuesday 04/07

Stock markets gain on signs of slowing coronavirus spread – business live – guardian
Coronavirus live updates: Cases top 1.3 million globally – cnn
73% Of Americans Say COVID-19 Has Cut Their Income, 24% Say They’ve Been “Significantly Impacted” As Deaths Top 11k: Live Updates – Zerohedge

Requests to delay mortgage payments jump nearly 2,000% as borrowers seek relief during coronavirus outbreak – cnbc
Nomura: This Is Nothing More Than A Giant “Bear Squeeze” Rally – Zerohedge
ECB announces package of temporary collateral easing measures – europa
Credit Suisse Turned To Its Own Rich Clients For Emergency Funding – Zerohedge
“Fade The Rip”: BofA Warns “Bear Market Far From Over Unless We Escape A Recession” – Zerohedge
Exxon Cuts 2020 Capex By 30% On Expectations For 25-30% Demand Drop – Zerohedge
Some Bad News From JPM: This Is What Happens After We Pass The Virus Peak – Zerohedge
“All The Jobs Are Gone” – Africa Facing ‘Complete Economic Collapse’ As Virus Spreads – Zerohedge
German industry output rises in Feb before likely collapse due to corona – Reuters
Australia’s central bank warns of ‘very large’ GDP slump, keeps record low rates – Reuters
Japan set to announce coronavirus emergency, finalise near $1 trillion stimulus – Reuters

 

 

Monday 04/06

Stock markets gain amid hopes Covid-19 lockdowns are slowing disease – business live – guardian
Another 600 COVID-19 Patients Die In New York As US Death Toll Tops 10k; Fewest Italy Infections In 3 Weeks: Live Updates – Zerohedge
Here Comes Round Two: China Just Reported The Most New Covid Cases In A Month – Zerohedge

Dow soars 1,600 points as growth rate of new coronavirus cases appears to slow – cnbc
‘Phase 4’ coronavirus package could pass Congress between late April and mid-May, analysts say – Marketwatch

Banks To Make Risk-Free Killing On Small Business Bailout: Fed Will Buy Payroll Loans Issued By Banks – Zerohedge
The biggest plumbing bill, ever – ing
The coronavirus is hitting renewable energy supply chains and factories, and could slow the global energy transition – cnbc
No place to go: Oil storage filling up amid collapsing demand, excess production – spglobal
British pound slumps against dollar intraday Monday as U.K. Prime Minister Boris Johnson moved to ICU with coronavirus – Marketwatch
Rabobank: “There Will Be Attempts To Go Back To Normal After This Crisis, But It Will Be Impossible” – Zerohedge
Jamie Dimon predicts a ‘major recession’ is on its way – cnn
Germany Announces “Limitless” Aid Program For Small Business: SBA Are You Listening? – Zerohedge
German orders slip in February in early taste of likely corona impact – Reuters