TOP MARKETS NEWS: Week 05/13 – 05/19

Thursday 05/16

Dow Sprints Past 40,000-Mark on Earnings Boost, Rate-Cut Bets – Reuters
Stocks Pause After Dow Briefly Touches Historic 40,000 – Zerohedge
Dow closes lower Thursday after briefly topping 40,000 for first time – cnbc
Goldbugs Waited Years For A Massive Comex Short Squeeze, And Finally Got It… Just In The Wrong Metal – Zerohedge
From US Stores to Factory Floors, Second Quarter Starts Out Slow – bbg
Stocks making the biggest moves midday: Walmart, Deere, Meta, Chubb and more – cnbc
Robinhood’s Crypto Trading Volume Falls Faster Than Rival Exchanges – bbg
European Shares Snap Nine-Day Winning Streak as Siemens Weighs – Reuters
Apple Shares Are Back to Winning Ways as AI Optimism Builds – bbg
Industrial Production Disappoints, Manufacturing Contracts As Downward Revisions Continue – Zerohedge
US Industrial Production Stagnates as Factory Output Declines – bbg

Jobless Claims Decline After Last Week’s Big Surge Amid New York Chaos – Zerohedge
Futures Flat At All Time High As Markets Mull Next Move – Zerohedge
Analysis-Walmart’s Strong Forecast Signals a Resilient Consumer – Reuters
Walmart Soars To Record High After Beating Estimates, Guiding Higher As Consumers “Trade Down” – Zerohedge
Walmart Tops $500 Billion in Market Value After Earnings Impress – bbg
Under Armour Approves Restructuring, Warns Of Collapse In Clothing Demand As Buyback Authorized To Save Plunging Stock – Zerohedge
Under Armour’s Shares Sink After Forecast Misses Estimates – bbg
Deere Cuts 2024 Profit Forecast as Sliding Farm Income Stifles Demand – Reuters
Biden Seeks to Bolster Solar Manufacturers With Tax and Trade Moves – bbg
Siemens Sees Factory Orders Drop as China Weakness Continues – bbg
Deutsche Telekom Beats Earnings Estimate on German Mobile Growth – bbg
European stocks set to react positively to soft U.S. inflation data, following global markets higher – cnbc

Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks – cnbc
China Sells Record Sum of US Debt Amid Signs of Diversification – bbg
China Property Stocks Gauge Jumps on Proposal for Home Purchases – bbg
Tencent Shares Jump After Video Drives Big Earnings Beat – bbg
China Recovery Likely Picked Up With Outlook Buoyed by Stimulus – bbg

Asia to Extend Risk Rally After US CPI Decline: Markets Wrap – bbg


Wednesday 05/15

Business Live – guardian

Cisco Gives Upbeat Forecast in Sign of Network Spending Pickup – bbg
Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years – cnbc
Stocks and bonds rally after soft CPI boosts Fed rate cut bets – Newsquawk US Market Wrap
Wall Street Boasts Record Closes as Inflation Data Fuels Rate-Cut Bets – Reuters
Soft CPI & Sloppy Sales Spark Run To Record Highs For Stocks; Bonds, Bullion, & Bitcoin All Bid – Zerohedge
S&P 500 jumps 1% to post record close, ending session above 5,300 for the first time – cnbc
Goldman Warns Copper “Is Having A Cocoa Moment” – Zerohedge
Stocks making the biggest moves midday: GameStop, AMC, Boeing, Nio and more – cnbc
BMO Sees Stock Rally Raging On, Lifting S&P 500 Target to 5,600 – bbg
First ATM, Now Debt-For-Equity Swap, AMC Drains Equity In Bid To Stay Alive – Zerohedge
Dell surges 9% on optimism it has secured big AI server orders – cnbc

US Consumer Inflation Resumes Downward Trend as Domestic Demand Cools – Reuters
Consumer Prices Have Risen Every Month Since ‘Bidenomics’ Began, Up 19.5% To Record High – Zerohedge
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago – cnbc
US Futures Coiled Tightly Ahead Of Key CPI Print – Zerohedge
Spring 2024 Economic Forecast: A gradual expansion amid high geopolitical risks – europa
Euro Zone Economy, Employment Expands by 0.3% in First Quarter – Reuters
Allianz Posts Better-Than-Expected 22% Increase in Q1 Net Profit – Reuters
Commerzbank reports better-than-expected 29% rise in Q1 net profit – cnbc
Thyssenkrupp Cuts Profit Forecast as Steel Demand Wanes – Reuters
E.ON Posts Stable Q1 Profits, Raises Investments by a Quarter – Reuters
Europe’s Property Slump Easing as Rents Increase, Report Says – bbg
European markets set for higher open ahead of key U.S. inflation data – cnbc

Asia markets track Wall Street gains ahead of key U.S. inflation data – cnbc
BOJ’s Surprise Cut to Bond Buying This Week Fuels Rate-Hike Bets – bbg
Australia’s Top Pension Boosts Critical Minerals to $8 Billion – bbg


Tuesday 05/14

Business Live – guardian

Markets see two-way action after PPI ahead of CPI – Newsquawk US Market Wrap
Stocks Edge Up, Dollar Down as PPI, Powell Comments Digested – Reuters
Retail Wrecking Crew Hammers Hedgies Again; Stocks/Powell Shrug Off Stagflation Signals – Zerohedge
Nasdaq jumps to record close, Dow adds more than 100 point – cnbc
S&P 500 Is Going Nowhere Through Year-End, Goldman’s Kostin Says – bbg
Wall Street Casino Is Open for Business as Meme Stocks Take Over – bbg
Stocks making the biggest moves middacy: AMC, GameStop, Sony, Planet Fitness and more – cnb
Google Launches Search Engine Version Powered by Generative AI – bbg
Bill Gross Sells GameStop, AMC Options to Cash In on Meme Mania – bbg
AMC Raised $250 Million In ATM Offering As ‘Meme’ Stocks Rocket Higher – Zerohedge
Google rolls out its most powerful AI models as competition from OpenAI heats up – cnbc
Google Launches Trillium Chip, Improving AI Data Center Performance Fivefold – Reuters
European Shares Close at Record High; Delivery Hero Soars – Reuters
Powell Reiterates Fed Likely to Keep Rates Higher for Longer – bbg
US Fed’s Powell Expects Inflation to Fall, Though Not as Confident as Before – Reuters
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady – cnbc
Overdue Bills Are Rising With US Debt Delinquencies, Fed Survey Shows – bbg

“Markets Extremely Quiet” Ahead Of PPI, CPI, Powell Speech – Zerohedge
On Holding Raises Annual Sales Forecast on Strong Running Shoes Demand – Reuters
Stocks making the biggest premarket moves: GameStop, AMC, Alibaba, Sony and more – cnbc
US Tariffs on Minerals Leave Out Markets That China Dominates – bbg
Biden Administration Quadruples Tariffs On Chinese EVs – Zerohedge
Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more – cnbc
US Small Business Sentiment Rebounds in April – Reuters
Strong Services Fan US Producer Inflation in April – Reuters
US Producer Prices Accelerating At Fastest Rate In 12 Months, Wall Street Reacts… – Zerohedge
Wholesale prices rose 0.5% in April, more than expected – cnbc
Home Depot misses on revenue, as high interest rates hurt sales – cnbc
Alibaba shares fall 5% in premarket trading after posting 86% profit drop – cnbc
Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming – cnbc
Forget U.S. stocks — UBS says Europe’s are a better bet. Here’s why – cnbc
Anglo Goes Bold: Unveils Breakup Plan To Transform Into Copper Giant Amid BHP Takeover Battle – Zerohedge
Bayer’s First-Quarter Adjusted Profit Falls Less Than Expected – Reuters
European stocks head for lower open as global markets await U.S. inflation data – bbg

Hong Kong Stocks Advance on Optimism Over Technology Earnings – bbg
Next Japan Intervention Likely to Use Treasury Sales, Bank of America Says – bbg
Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target – cnbc
Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming – cnbc
Japan 20-Year Yield Hits Highest Since 2013 on BOJ Policy Bets – Zerohedge

Asian Stocks Set for Cautious Open as CPI Looms: Markets Wrap – Zerohedge

Monday 05/13

Business Live – guardian

NY Fed Report Warns Discount Window Stigma May Never Go Away – Reuters
Corporate Greed Not to Blame for Price Pressures, Fed Study Shows – Reuters
Bonds and stocks chop to NY Fed & AI ahead of key risk events – Newsquawk US Market Wrap
Hedge Funds Hammered As ‘Roaring Kitty’ Returns; Bitcoin & Black Gold Bid – Zerohedge
S&P 500 Closes Nearly Flat as Investors Await Inflation Data – Reuters
Dow slips for first losing day in nine as consumers’ expectations for inflation rise – cnbc
Goldman’s Rubner Sees FOMO in the Market Ahead of Key Inflation Data – bbg
AI boom to keep supply of high-end memory chips tight this year, analysts warn – cnbc
Stocks making the biggest moves midday: Walgreens, GameStop, Intel, Robinhood and more – cnbc
Intel Nears $11 Billion Deal With Apollo for Ireland Factory, WSJ Reports – Reuters
BofA Says It’d Take Global Risks for US to Step In to Buoy Yen – bbg
Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker – cnbc
OpenAI launches new AI model and desktop version of ChatGPT – cnbc
OpenAI Unveils New AI Model as Competition Heats Up – Reuters
Gamestop Stock Surge Is a Long Way From 2021’s Meme-Stock Frenzy – bbg
European Shares End Flat as Investors Await for Inflation Test – Reuters
European Stocks Hold Near Record High Ahead of US CPI Data Test – bbg
NY Fed Survey Finds General Expectations of Higher Inflation – Reuters
US Inflation, Home Price Expectations Pick Up in NY Fed Survey – bbg
Household Finance Fears Worst Since COVID As Inflation Expectations Surged In April, NY Fed Survey Finds – Zerohedge

Stifel Forecasts S&P 500 Will Drop 10% as Soon as This Quarter – bbg
Cocoa prices tumble 19%, giving up a chunk of their record-setting gains – cnbc
European Retail Hedge Fund Assets Shrink to 8-Year Low, Says Kepler – Reuters
Stocks making the biggest moves premarket: GameStop, Nvidia, Intel, Kenvue and more – cnbc
Futures Gain With All Time Highs In Sight As Key CPI Report Looms – Zerohedge
Key Events This Week: All Eyes On CPI As Fed Speakers Galore – Zerohedge
European markets head for mixed open as traders look ahead to latest U.S. inflation data – cnbc

Asia markets mixed as investors assess China inflation data, await Japan GDP print – cnbc
China’s Broadest Credit Metric Just Turned Negative For The First Time Since 2005 – Zerohedge

Asian Stocks Eye Sluggish Start After China Data: Markets Wrap – bbg