TOP MARKETS NEWS: Week 05/06 – 05/12

Weekend 05/11 & 05/12

Top 5 things to watch in markets in the week ahead – investing

Bond Traders Wait for CPI to Fuel — or Doom — the Market’s Rally – bbg
Stubborn Inflation Poses Risk to Recently Upgraded US Forecasts for Economic Growth – bbg

Cooling Core Inflation Will Offer Minimal Relief to the Fed – bbg
“The Jobs Market Is Weakening, Inflation Has Picked Up And Growth Unexpectedly Slowed” – Zerohedge
A $600 Billion Wall of Debt Looms Over Market’s Riskiest Stocks – bbg
Wall Street Is Sending a Bullish Signal for S&P 500 Earnings – bbg
China Consumer Inflation Edges Up, Factory Prices Extend Slump – bbg

Friday 05/10

Business Live – guardian

Stocks End Week On Muted Note As Stagflation Fears Mount – Zerohedge
Wall Street Closes Up, Another Weekly Gain Ahead of Inflation Data – Reuters
Dow jumps more than 100 points to post 8th winning day and best week of 2024 – cnbc
Arm Plans to Launch AI Chips in 2025, Nikkei Reports – Reuters
Bidenomics Implodes: Consumer Sentiment Unexpectedly Craters In Biggest Miss On Record As Inflation Expectations Surge – Zerohedge
US Consumer Sentiment at Six-Month Low; Inflation Expectations Rise – Reuters
Consumer sentiment tumbles as inflation fears surge – cnbc
China EV Maker Zeekr Shares Climb 40% After Expanded US IPO – bbg
STOXX 600 Closes at Record High on Earnings, Rate Cut Optimism – Reuters
US Equity Funds Gain Weekly Inflows Amid Renewed Hopes of Rate Cut – Reuters
Earnings Bolster US Stocks but Crucial Inflation Report Looms – Reuters

Stocks making the biggest moves premarket: Yelp, Sweetgreen, Novavax, Akamai Technologies and more – cnbc
US Futures, Global Markets Storm Higher, Eye All-Time Highs – Zerohedge
Europe markets rise to fresh record highs; UK exits recession – cnbc

Asia markets track Wall Street gains amid renewed U.S. rate cut hopes; Hong Kong stocks hit 9-month high – cnbc
Hong Kong Stocks Rise as Regulators Consider Dividend Tax Waiver – bbg
SMIC Profit Misses Estimates on Weak Chinese Consumer Sentiment – bbg
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations – cnbc
Chinese Stocks’ Discount Over Hong Kong Peers May Be Fading Fast – bbg
Biden Poised to Impose Tariffs on China EVs, Strategic Sectors – bbg

Asian Stocks to Rise, Jobs Data Fuels Wall Street: Markets Wrap – bbg


Thursday 05/09

Business Live – guardian

Surge in jobless claims boosts stocks and bonds – Newsquawk US Market Wrap
Stocks making the biggest moves after hours: Yelp, Sweetgreen, Akamai Technologies and more – cnbc
Gold, Bonds, & Stocks Rip After ‘Bad’ Data On ‘Quietest Day Of The Year’ – Zerohedge
Dow Closes up to Make It Seven in a Row, as Jobs Data Boosts Rate-Cut Hopes – Reuters
Dow closes more than 300 points higher, securing 7th winning day – cnbc
Robinhood Makes Headway Beyond Trading – Reuters
Apple to Power AI Tools With In-House Server Chips This Year – bbg
Stocks making the biggest moves midday: Planet Fitness, AMC, Airbnb, Roblox and more – cnbc
We Need To Talk About Recession Risk Again – Zerohedge
Earnings Keep European Stocks Near Record Highs Ahead of BOE – bbg
The Missing Piece Of The Puzzle: Behind The Inexplicable “Strength” Of US Consumers Is $700 Billion In “Phantom Debt” – Zerohedge

US Weekly Jobless Claims Highest in More Than Eight Months as Labor Market Eases – Reuters
Reality Dawns? Initial Jobless Claims Suddenly Spike To Highest In 9 Months – Zerohedge
Futures Drop As Treasury Yields Extend Gains – Zerohedge
Analysis-Bear Market for Diesel Spells Fresh Troubles for Oil – Reuters
Data Center Owner Equinix’s Biggest Gain Since 2008 Is Upending Short Bets – bbg
Roblox Shares Head for Record Decline on Weak Bookings Outlook – bbg
Interest Rates Start to Fall in Europe as the Fed Lags – Reuters
Europe’s Rush for Rate Cuts Shifts Global Market Power Away From US – Reuters
BOE and Markets Fall Into Line Over Prospect of June Rate Cut – bbg
Instant View: BoE Edges Towards a First Rate Cut, Sterling Falls – Reuters
Bank of England Policymakers Speak After Rates Held at 5.25% – Reuters
BOE Keeps Rates Unchanged But Edges Closer To Cutting As Deputy Governor Calls For Easing – Zerohedge
Puma Results Turn Focus on Adidas’s Rare Year of Outperformance – bbg
European markets head for higher open; BoE rate decision ahead – cnbc

China shares rise after trade data; Japan real wages drop for 24th straight month – cnbc
China’s imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow – cnbc

Wednesday 05/08

Business Live – guardian

Stocks making the biggest moves after hours: Airbnb, Robinhood, Arm Holdings, Equinix and more – cnbc
ARM Loses Leg After Downbeat Annual Revenue Forecast – Zerohedge
Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance – cnbc
Robinhood climbs after reporting record earnings for first quarter – cnbc
Markets meander in search of the next catalyst – Newsquawk US Market Wrap
Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks – Zerohedge
Dow pops more than 170 points to notch sixth positive day and longest win streak in 2024 – cnbc
Fed’s Collins Says Reaching 2% Inflation Goal May Take Longer – bbg
Someone Is Lying: Atlanta Fed Claims US GDP Is 4.2% While DOE Reports Lowest Gasoline, Diesel Demand Since Covid – Zerohedge
Stocks making the biggest moves midday: Uber, Intel, Lyft, Shopify, Rivian and more – cnbc
Druckenmiller Dropped The Biggest ‘F’ Bomb – Zerohedge
European Stocks Hit New Record High on Flow of Solid Earnings – bbg
Intel Shares Fall After Cutting Q2 Revenue Estimates Over Pulled China Licenses – Zerohedge

US Futures Mixed As European Stocks Hit All Time High, Yields And Dollar Rise – Zerohedge
Uber Bookings Miss on Early Holidays, Weak Regional Demand – bbg
Shopify shares sink as company posts Q1 loss, forecasts slower revenue growth – bbg
German Industrial Production Shrinks for First Time This Year – bbg
Puma Results Turn Focus on Adidas’s Rare Year of Outperformance – bbg
Siemens Energy to Cut Jobs, Output in Tough Wind Unit Turnaround – bbg
Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit – cnbc
Mercedes Retreats to Gas Guzzlers as EVs Fail to Boost Profit – bbg
BMW Earnings Decline on Higher Auto Manufacturing Costs – bbg
Alstom to Raise €1 Billion in Share Sale to Improve Finances – bbg
European markets head for muted, mixed open ahead of more earnings reports – cnbc

Japan stocks lead losses in Asia-Pacific markets as investors parse through earnings – cnbc
Chinese Stock Rally Risks Fizzling Unless Tech Delivers Earnings – bbg
Toyota Gives Weak Outlook After Scandal Prompts Output Cuts – bbg
Morgan Stanley Strategists Warn Against Chasing China Stock Gain – bbg

Asia Stocks Set for Mixed Open as US Rally Falters: Markets Wrap – bbg

Tuesday 05/07

Business Live – guardian

Stocks making the biggest moves after hours: Reddit, Lyft, Rivian, Twilio and more – cnbc
Wynn Resorts Quarterly Results Beat Estimates on Strength in Macau Business – Reuters
Reddit Soars After Strong Sales in First Report Since IPO – bbg
Lyft Beats on Bookings, Adds New Riders – bbg
Rivian Sticks to Annual Production Forecast, Posts Wider Quarterly Loss – Reuters
Stocks and Bonds chop as participants await next catalyst – Newsquawk US Market Wrap
Kashkari & Consumer Credit Curtail Stock & Bond Gains – Zerohedge
S&P, Dow End Higher to Extend Streaks, Despite Disney Drag – Reuters
Dow closes slightly higher and posts longest winning streak since December – cnbc
Meta to Expand AI Image Generation Offerings for Ads – Reuters
US Consumer Borrowing Posts Small Gain, Limited by Credit Cards – bbg
Shocking Collapse In Credit Card Debt Growth Just As Card APRs Hit All Time High – Zerohedge
US Election Risks Are Starting to Show Up in Foreign Exchange Markets – bbg
Qualcomm Dips on Report That US Is Tightening Chip Export Rules – bbg
Stocks making the biggest moves midday: Disney, Nvidia, Ferrari, Datadog and more – cnbc
Apple Unveils New AI-Focused Chip in Upgraded IPad Pro – Reuters
Peloton Shares Surge On Private Equity Firm Buyout Report – Zerohedge
Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term – cnbc
Fed’s Kashkari Questions Policy Tightness as Inflation Stalls – bbg

Futures Flat As Post-FOMC Rally Takes A Breather – Ζerohedge
Nikola’s Revenue Misses Estimates on Slowing Truck Demand – Reuters
Disney Shares Plunge Most In Year On Subscriber Miss, Disappointing Guidance – Zerohedge
Disney earnings top analyst estimates as streaming nearly breaks even in the quarter – cnbc
Ferrari Shares Decline as It Sticks to Full-Year Forecasts – Reuters
Tesla Autopilot Probe Escalates With US Regulator’s Data Demands – bbg
Surging Distress In CRE CLO Loans Spurs Lender Rush To Repurchase Delinquent Multifamily Mortgages – Zerohedge
Goldman lifts Nvidia stock price target amid ‘continued robust AI server demand’ – investing
German Industrial Orders Fall 0.4% in March – Reuters
Copper Breaches $10,000 Again as Goldman Sees ‘Stockout’ Risk – bbg
BP posts first-quarter profit miss, citing fall in oil and gas prices – investing
BP misses expectations as profits slip on weaker oil and gas prices – cnbc
European Banks’ Buyback Bonanza Set to Peak After Stock Rally – bbg
UBS Returns to Profit as Wealth, Investment Bank Drive Beat – bbg
UBS swings back to profit and smashes earnings expectations for the first quarter – cnbc
Amundi, Pictet Lead Contrarian Wave to US Stock Exceptionalism – bbg
Apple Is Working On Its Own AI Chip for Data Centers, WSJ Says – bbg
European stocks set to open higher, reflecting wider optimism in global markets – cnbc

South Korea stocks lead gains in Asia markets; RBA keeps benchmark rate unchanged at 4.35% – cnbc
RBA Sticks to Neutral Bias, Keeps Cash Rate at 12-Year High – bbg
China’s Gold-Buying Spree Extends to 18th Straight Month – bbg
A Stock Trader’s Guide to Xi’s Europe Visit Amid Trade Tensions – bbg
Toyota to Get an Earnings Lift From Hybrids as EV Hype Cools – Reuters

Asia Stocks to Follow US Rally on Rates Optimism: Markets Wrap – bbg

Monday 05/06

ServiceNow Says AI Product Will ‘Take Some Time’ to Boost Sales – bbg
Stocks making the biggest moves after hours: Palantir Technologies, Lucid Group and more – cnbc
EV Maker Lucid Reports Worse-Than-Expected Loss in First Quarter – bbg
Palantir shares fall 7% on lower-than-expected guidance – cnbc
Stocks add to post NFP gains while oil chops to geopolitics – Newsquawk US Market Wrap
Wall Street Closes Higher for Third Session on Rate Cut Optimism – Reuters
‘Squeezey’ Stock Market Extends Gains; Bonds & Bullion Bid – Zerohedge
Dow climbs more than 170 points to post fourth straight winning day, propelled by rate cut hopes – cnbc
Where Is “Growth” Coming From? Fed Says Banks Tighten Credit Standards While Loan Demand Drops Further – Zerohedge
Fed Says More Banks Tightened Loan Standards to Start 2024 – bbg
Emerging-Market Trio Gets Credit-Ratings Boost on Policy Turns – bbg
Fed’s Barkin Says Full Impact of High Interest Rates Yet to Come – bbg
Explainer-What Is at Stake for Sovereign Debt Bill as New York Legislature Reconvenes – Reuters
FAA Opens New Probe Into Boeing Over Potentially Falsified Records, 787 Inspections – Zerohedge
US Pandemic Savings Have Finally Been Spent, SF Fed Study Says – bbg
Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and more – cnbc
Cryptos Dump After Robinhood Reveals SEC Wells Notice Related To Its Crypto Listings – Zerohedge
The AI Music Era Is Here. Not Everyone Is a Fan – bbg
Nvidia Is Missing Link in a Strong Season of AI Earnings Reports – bbg
Sabadell Board Decides to Reject BBVA’s Takeover Approach – bbg
European Shares Close at Highest in a Week; Indra Surges – Reuters
European Stocks Gain in Thin Trading as Rate-Cut Optimism Grows – bbg
Citi Sees Fed’s Balance-Sheet Runoff Extending Into 2025 – bbg
Morgan Stanley Says Buy Bonds in Bet That Inflation Will Retreat – bbg

Futures, Global Markets Rise On Rising Fed Cut Bets – Zerohedge
Stocks making the biggest premarket moves: Berkshire Hathaway, Paramount, Spirit Air, Victoria’s Secret and more – cnbc
Berkshire’s Growing Cash Pile Has A Hidden Message On Stocks – Zerohedge
Hedge Funds Turn Bullish on Consumer Stocks Ahead of Potential Rate Cuts, Goldman Says – bbg
Euro Zone Business Activity Grows at Fastest Pace in Almost a Year, PMI Shows – Reuters
German Services Sector Picks up Pace in April, PMI Shows – Reuters
Morgan Stanley warns about an ‘uncertain macro backdrop’ – investing
Key Events This Week: Things Finally Quiet Down – Zerohedge
Morgan Stanley Strategists See Inflation as Key for Path of Stocks – bbg
European markets rise as traders assess possible rate cuts, fresh PMI data – cnbc

Asia stocks track Wall Street gains as softer-than-expected U.S. jobs data fuels rate cut hopes – cnbc
China’s Thrifty Travelers Show Consumer Confidence Remains Weak – bbg
Nio on Track to Unveil Its First Mass-Market Car in May, Executive Says – Reuters
Toyota, Tata Motors Positioned to Benefit From Hybrid Auto Boom – bbg

Week Ahead Preview: BOE and RBA Meetings; Fed and BOC Loan Officer Surveys; BOJ and ECB Minutes; Xi Tours Europe – cb