TOP MARKETS NEWS: Week 05/04 – 05/10

Weekend 05/09 & 05/10

NY Coronavirus Deaths Lowest Since March As Cases Of Mysterious New Respiratory Syndrome Climb: Live Updates – Zerohedge

The Bailout Is Working — for the Rich – propublica
FX weekly: On how to trade the risk of NIRP coming to America – nordea
Here Is The Real April Jobs Report: 42 Million Unemployed, 25.5% Unemployment Rate – Zerohedge
6 Reasons Why Goldman Sees The S&P Sliding Back To 2,400 By August – Zerohedge
U.S. unemployment rate will get worse, Treasury’s Mnuchin says – Reuters
One Bank Explains Why QE No Longer Stimulates The Economy And Only Leads To Higher Stock Prices – Zerohedge
Eurozone Breakup Risk Reaches New High – Zerohedge
‘Like nothing that has ever been seen before’: Here’s what 4 economists said about the April jobs report from the US – businessinsider
Depressionary Economy Versus A Bull Market – Both Can’t Be Right! – Zerohedge
This Is The Most Important Number For Markets For The Next Few Months – Zerohedge
As Markets Crashed, The Swiss National Bank Went On A FAAMG Buying Spree – Zerohedge
“Unprecedented Crisis” – Global Luxury Goods Market Collapses, No Recovery For Years – Zerohedge
San Diego Unemployment Rate Nearly 27%, Breaking County Record Set During Great Depression – Zerohedge



Friday 05/08

Italy Becomes Third Country To Top 30k Coronavirus Deaths: Live Updates – Zerohedge

High Yield Issuance Window Slams Shut As United Pulls 11%-Yielding Bond – Zerohedge
To Avoid Another Great Depression, Lockdowns Need Lifting – forbes
The Nasdaq Is Now Bigger Than The Rest Of The World’s Stock Market – Zerohedge
2Y Yields Hit New Record Low As Market Pushes NIRP Bets Amid Powell Silence – Zerohedge
A Tragic Record: For The First Time Ever, More Than Half Of The US Population Is Not Working – Zerohedge
April Employment Report: 20,500,000 Jobs Lost, 14.7% Unemployment Rate – calculatedriskblog
Coronavirus deals U.S. job losses of 20.5 million, historic unemployment rate in April – Reuters
US Macro: The worst nonfarm payroll number in history – nordea
Coronavirus costs the U.S. 20.5 million jobs in April as unemployment soars to 14.7% – Marketwatch
Unemployment rate hits 14.7 percent with 20.5 million jobs lost in April – nypost
Historic layoffs take biggest toll on Blacks, Latinos, women and the young – usatoday
Great Depression 2020? The unofficial U.S. jobless rate is at least 20%—or worse – Marketwatch
Devastating job losses: Here’s who got hit the hardest – cnn
Record 20.5 million American jobs lost in April. Unemployment rate soars to 14.7% – cnn
14.7% unemployment is tragic, and it doesn’t even include everyone who’s out of work – cnn
Worst Jobs Report In History: 20.5 Million Jobs Lost As Unemployment Rate Hits Record 14.7% – Zerohedge
Coronavirus costs the U.S. 20.5 million jobs in April as unemployment soars to 14.7% – Marletwatch
U.S. Jobless Rate Triples to 14.7% in Sharpest Labor Downturn – Bloomberg
A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7% – cnbc
German court ruling on ECB purchases is ‘laughable,’ Societe Generale chair says – cnbc
For Albert Edwards This Is The One Chart Proving Just How Insane The Market Has Become – Zerohedge
Europe’s top court hits back at German ECB ruling – ing
India may see 0% GDP growth this fiscal year – Moody’s – Reuters
Automakers In Chaos As Broke Rental Car Companies Stop Placing Orders For Vehicles – Zerohedge

Explainer: Why Friday’s U.S. jobless figures won’t capture the true state of the coronavirus economy – Reuters
German exports plunge in March as coronavirus crisis hits demand – Reuters
Top U.S., China trade officials agree to strengthen cooperation – Reuters
Pandemic sets Japan on course for deep recession as spending, services plunge – Reuters
Siemens posts profit falls, pulls 2020 outlook – Marketwatch
Global luxury sales could collapse up to 60% in the second quarter, consulting firm says – cnbc
Australia central bank sees worst recession on record as govt plans to ease lockdown – Reuters
Virgin Media and O2 owners confirm £31bn mega-merger in UK – guardian
Covid-19 pandemic: Entering the next phase – ING


Thursday 05/07

Business Live – guardian

It Begins: For The First Time Ever, Futures Price “Fatal” Negative US Rates Starting Dec 2020 – Zerohedge
Record Plunge In Service Sector “Business Activity” Points To Profits Crash – Zerohedge
JPMORGAN: The struggling oil market finally stabilized, but recovery will take up to 3 months – businessinsider
Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic – Reuters
US Consumer Credit Unexpectedly Crashes As Americans Repay A Record Amount Of Credit Card Debt – Zerohedge
The Turkish lira’s perfect storm – Reuters
2Y Treasury Yield Plunges To Record Low, Gold Spikes As “Fatal” NIRP Reality Dawns – Zerohedge
Jobless claims jump 3.2 million in early May, but historic rate of layoffs is slowing – Marketwatch
1 in 5 American workers has filed for unemployment benefits since mid-March – cnn
US weekly jobless claims total 3.169 million, bringing seven-week tally to 33.5 million – cnbc
Policy rate reduced to zero percent – norgesbank
Norway central bank unlikely to set negative policy rate -governor – Reuters
Norway central bank cuts rates to zero to soften coronavirus impact – Reuters
French economic activity still a third below normal: INSEE – Reuters
French industrial production down by 32% – ing
French industrial production plunges in March – Marketwatch
U.S. oil prices jump more than 8% as Saudi Arabia lifts prices, China crude imports climb – Marketwatch
Coronavirus sinks German industry output to record low in March – Reuters
German industrial production sees historic plunge – Marketwatch
Puma hit by coronavirus, sees worse to come – Marketwatch
BoE Tees Up Another £100bn In QE – Zerohedge
BoE Warns Of Worst Economic Slump In 300 Years – Zerohedge
The UK economy is heading for its worst crash in 300 years – cnn
Bank of England warns U.K. economy could shrink 30% – Marketwatch
China Caixin Services PMI rises slightly in April – Marketwatch
China’s April exports rebound, but outlook remains grim – Reuters
China exports see surprise 3.5% jump in April, imports fall – afp
China’s exports unexpectedly rose in April – Marketwatch


Wednesday 05/06

Germany suffers record slump in factory orders amid Covid-19 lockdown – business live – guardian

“Stocks Have Never Been More Expensive”: Disconnect Between Markets And Reality Hits Idiotic Levels – Zerohedge
The stock market is pricier than its been since the dot-com bubble, even as earnings forecasts continue to plunge – Marketwatch
“Unprecedented” – Companies Slashed Over 20 Million Jobs In April, ADP – Zerohedge
US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report – cnbc
Eurozone economy registers fresh record drop in activity in April – markit
GERMANY: Decline in business activity deepens to new record low in April – markit
FRANCE: Contraction in services activity deepens during April – markit
ITALY: Service sector activity falls at unparalleled pace in April – markit
Spanish service sector suffers unprecedented fall in activity – markit

Key differences between lockdowns revealed in eurozone retail sales numbers – ing
German industrial orders slide 15.6% to record low in March as virus hits – Reuters
India service sector activity plummets at historic rate during April – markit



Tuesday 05/05

Business Live – guardian
US stocks rise on optimism about reopening the economy -live – cnn

The housing market ‘bottom is pretty much now’: Zillow economist – yahoofinance
Disney Earnings Plunge 63% As Theme Parks Close – Zerohedge
Fed Vice Chair Clarida says more support may be needed, but economy to rebound next quarter – cnbc
“We’re In A Global Recession” – Fed’s Clarida Spoils Today’s Economy-Ignoring Surge In Stocks – Zerohedge
Junk Bond Leverage Hits Record High As “Fed Rewards The Worst Abusers” – Zerohedge
ISM/PMI Surveys Signal Q1 Collapse In US GDP “Will Be Dwarfed By What’s To Come” – Zerohedge
US Trade Deficit Widens On Record Crash In Exports – Zerohedge
The Creator Of The Bond Volatility Index Reveals When The Fed Will Finally Lose Control – Zerohedge
Swedish economy shrinks in first-quarter with pandemic pain set to deepen – Reuters
Any renewed U.S.-China trade war will be more risky, less rewarding – Reuters
ECB Watch: Three months and you’re out – nordea
ECB’s government bond purchases partially violates the law, top German court says – cnbc
Quick economic bounce-back post-corona unlikely: ECB’s Weidmann – Reuters
Nearly one million Australian jobs have been lost since coronavirus restriction kicked off, official figures show – and women have been disproportionately affected – businessinsider
BNP profit falls as bad-loans provisions surge – Marketwatch
India’s Jobless Rate Jumps to 27.1%, Survey Says – Bloomberg
GLOBAL MARKETS-Asian stocks, oil higher as economies emerge from lockdown – Reuters




Monday 05/04

Markets fall back as US-China tensions rise over Covid-19 – business live – guardian
Coronavirus live updates: Roche to invest in German testing site, CEO says recovered patients ‘very likely’ immune – cnbc

US Treasury seeks to borrow a record $3 trillion this quarter – cnbc
“California First To Be Approved For Up To $10 Billion Bailout From Feds To Pay Unemployment Benefits – Zerohedge
Recovery Tracker: A Real-Time Look at the Post-Covid U.S. Economy – Bloomberg
Q1 GDP To Be Revised Drastically Lower To -8% – Zerohedge
COVID-19: Saudi Arabia to cut salaries by 40% – gulfnews
J.P. Morgan raises U.S. stocks to ‘neutral’ – Reuters
Morgan Stanley Braces For “Overdue” 10% Correction In Stocks – Zerohedge
US Manufacturers New Orders Crash BY Most Ever (And April Will Be Worse) – Zerohedge
Norwegian Air shareholders back $1 billion rescue plan – Reuters
New York Fed Responds To Gundlach, Reveals It Will Start Buying ETFs In “Early May” – Zerohedge
J.Crew files for bankruptcy protection, reaches debt-swap deal – Marketwatch
Yields Jump After Apple Announces Another Massive 4-Tranche Buyback-Funding Bond Offering – Zerohedge
GE Aviation to cut workforce by up to 13,000 jobs, or 25% – Reuters
Judd Gregg: Coronavirus is a debt crisis too – thehill
‘Economic Fallout Accelerated’ – Hong Kong Records Worst Contraction In History – Zerohedge
Hong Kong’s economy slumps 8.9 per cent in worst contraction on record – scmp
South Africa’s Absa PMI crashes to all-time low as economic activity freezes – Reuters
Key Events In This Just As Busy, Event-Filled Week – Zerohedge
Pandemic slams global factories, activity sinks to new lows – Reuters
Eurozone manufacturing economy contracts at record pace in April – markit
Corporate debt in China, Singapore and South Korea is rising fast as coronavirus hits revenue – cnbc
GERMANY: April sees unprecedented fall in manufacturing output amid efforts to contain virus outbreak – markit
ITALY: Output contracts at unprecedented rate as coronavirus lockdown continues – markit
FRANCE: Production decline deepens to set another record low – markit
German court constraints on Bundesbank bond purchases – omfif
SPAIN: Manufacturing production contracts at unprecedented rate in April – markit
Ariana Grande Knows How to Deal With This Crisis – Bloomberg
INDIA: Manufacturing output plummets amid COVID-19 lockdown – markit
Dollar up, Asian stocks slip as U.S. pins blame for virus on China – Reuters
Pandemic slams Asia’s factories, activity hits financial-crisis lows – Reuters
South Korea’s April factory activity suffers severely as export orders shrink at record pace: PMI – Reuters