TOP MARKETS NEWS: Week 05/24 – 05/30

Weekend 05/29 & 05/30

FX weekly: A woke Fed should taper MBS purchases ASAP – nordea
The USD Is Weak, And What That Could Mean For The Rest Of 2021 – Zerohedge
Week Ahead: Macro roads, take us home – nordea
EUR Rates: Inflation, tapering and higher rates – nordea
Fed’s taper could add new legs as bund yields flirt with zero – Bloomberg

 

Friday 05/28

Markets rally ahead of Biden’s $6tn budget proposal to boost US economy – business live – guardian
Market Quick Take – May 28, 2021 – saxo

“Transitory” Retail Buying Frenzy: Money Market Funds See Massive Inflows As Investors Turn Defensive – Zerohedge
‘Much Less Than Meets The Eye’ – Biden Officially Unveils Budget With Retroactive Capital Gains Tax Hike – Zerohedge
“Backdoor QE” Is Working As Expected, But It’s About To Be Replaced With “Stealth QT” – Zerohedge
Crypto Carnage Continues Amid Kuroda, Korea, & Cathie Wood Comments – Zerohedge
Fed’s “Favorite” Inflation Indicator Explodes At Fastest Rate Since 1992 As Incomes Crash By Record – Zerohedge
Europe has passed turning point but still needs ECB support: Schnabel – Reuters
Futures Jump, Meme Stocks Soar Ahead Of Key Inflation Print – Zerohedge
ETFs remain elusive for most European retail investors – ft
The Commodities Feed: The US plans to go all in – ing
Europe has passed turning point but still needs ECB support: Schnabel – Reuters
European markets set for slightly higher open as U.S. data boosts recovery hopes – cnbc
Spain rules that investors are obliged to report their overseas crypto holdings – forexlive
Dollar Boosted by Higher Yields; Inflation Data Due – investing
JP Morgan’s outlook for Federal Reserve policy … Q2 2022 taper, rate hike Q3 2023 – forexlive
BOJ’s Kuroda: ETF purchases still needed, not considering stopping them for now – forexlive
Talk about talk of ‘The Great Unwind’: Mike Dolan – Reuters
Japanese shares jump nearly 2% as vaccine rollouts lift recovery hopes – Reuters
Asian stocks extend global rally to 7th day, U.S. stimulus in focus – Reuters
The Fed Explains Why Stocks Melt-Up In Overnight Trading – Zerohedge
Li Auto Predicts 15% Sales Rise In China, As U.S. Competitor Tesla “Runs Foul” Overseas – Zerohedge

 

Thursday 05/27

Business Live – guardian
Social spending, business tax hike drive $6T Biden budget – ap

Small Caps Jump, Big-Tech Dumps, As Biden’s Booming Budget Busts Bonds – Zerohedge
Dow ends day more than 100 points higher amid solid jobs data, a jump in Boeing shares – cnbc
Five ways to trade the divergence between the Chinese yuan and U.S. dollar – cnbc
Retail Investors Storm Back Into The Market: This Is What They Are Buying – Zerohedge
Central Banks Turn Hawkish. Will the Fed Trail Behind? – bk
Scrubs maker FIGS soars in healthy market debut – cnn
The good (central banks), the bad (inflation) and the ugly (tapering) – saxo
Fed’s Reverse Repo Hits All Time High $485BN As Reserves Flood System – Zerohedge
Goldman Spots A Historic Reversal In The Commodities Market: “China No Longer World’s Marginal Buyer” – Zerohedge
Euro could test 1.2350 ahead June 10 ECB – Credit Suisse – forexlive
Biden Unveils $6 Trillion Budget That Will Raise Federal Spending To Highest Post-WW2 Level – Zerohedge
Senate GOP unveils its $928 billion infrastructure counteroffer to Biden — here’s what’s in it – cnbc
JPMorgan Sees 4 Scenarios Ahead On Infrastructure – Zerohedge
Stocks making the biggest moves in the premarket: Best Buy, Snowflake, Okta & more – cnbc
Q1 GDP Stuck At 6.4% After Revision As Core PCE Comes In Hotter Than Expected – Zerohedge
Despite Initial Claims Drop, Almost 16 Million Americans Remain On Government Dole – Zerohedge
US Durable Goods New Orders Unexpectedly Tumble In April – Zerohedge
Here are Thursday’s biggest analyst calls of the day: Amazon, Zoom, T-Mobile, Uber, Chipotle & more – cnbc
Futures Slide Ahead Of Data Dump, Yuan Rampage Continues – Zerohedge
Biden’s budget will include $5 trillion in new federal spending over the next decade – cnbc
BOE’s Vlieghe: An early rate hike is possible if there is smooth transition from furlough – forexlive
BOJ assets quadruple to $6.5 tril. under Kuroda’s aggressive easing – kyodonews
HSBC says these countries, sectors and themes are set for a strong third quarter – cnbc
PBOC Holds Unexpected Meeting On FX, Says Yuan Surge Not Used To Offset Soaring Commodity Inflation – Zerohedge


Wednesday 05/26

Business Live – guardian

Stocks making the biggest moves after hours: Snowflake, Nvidia, AMC & more – cnbc
Nvidia gaming revenue spikes by 106%, data center by 79% – yahoofinance
Nvidia revenue jumps 84% from last year as gamers demand graphics chips – cnbc
Snowflake reports widening losses but raises full-year guidance – cnbc
Small Caps Surge Amid Massive Short-Squeeze, Dollar Dead-Cat-Bounces – Zerohedge
“Eerily Analogous To 2008” – Carl Icahn’s “Big Short 2.0” Trade Starts Paying Off As Mall Loan Fails – Zerohedge
Zoltan’s Latest Shocker: The Taper Will Be Bullish If… – Zerohedge
Stocks making the biggest moves in the premarket: Dick’s Sporting Goods, Urban Outfitters, Nordstrom & more – cnbc
Ford Reveals That 4 Out Of 10 Cars It Sells In 2030 Will Be Electric – Zerohedge
‘Business travel as we knew it is never fully coming back,’ Airbnb CEO says – yahoofinance
China Halts Banks From Selling Commodity-Linked Investment Products To Retail Traders – Zerohedge
China regulator reportedly calls on banks to unwind retail exposure to commodities-linked investment products – forexlive
Visualizing The Copper Intensity Of Renewable Energy – Zerohedge
European stocks head for mixed open as global markets struggle for direction – cnbc
PRECIOUS-Gold rises above $1,900/oz as dollar weakens, inflation jitters persist – Reuters
Dollar languishes on Fed outlook, NZ rate hike prospects lift kiwi – Reuters
Malaysia now has more Covid cases per million people than India – cnbc
Mystery Gain Makes Chinese Stocks Exciting Again – Zerohedge
Yuan appreciation may not good way to tackle commodity price rise -state media – Reuters
New Zealand c.bank signals rate hike in 2022 as growth returns – Reuters

 


Tuesday 05/25

Business Live – guardian
Stock market news live updates: Stocks slightly lower, giving back some gains after economic data disappoints – yahoofinance

Wall Street ends slightly lower as investors eye inflation clues – Reuters
S&P 500 erases gains and ends day slightly lower as market rally stalls – cnbc
Bonds & Bullion Bid, Stocks Skid As Stimmy-less Sentiment Slumps – Zerohedge
“RRP Explosion”: Fed Reverse Repo Soars To Third Highest With “Incredible Amount Of Cash” – Zerohedge
Tesla fined in Norway over battery issues – BBC
“Time To Move On” – Bipartisan Infrastructure Talks On Life Support – Zerohedge
Trading the RBNZ Rate Decision – bk
Stocks making the biggest moves in the premarket: Lordstown Motors, Canopy Growth, Shake Shack & more – cnbc
Futures, Tech Stocks Jump After Fed Officials Talk Down Inflation Risks – Zerohedge
Amigo Loans shares dive as high court rejects compensation cap – guardian
Robert Shiller: “In Real Terms, Home Prices Have Never Been So High” – Zerohedge
Markets are so fixated on inflation they might miss the next big blowup, says BlackRock – cnbc
Germany: Consumer ruined the first quarter – ing
European markets pause for breath, heading for cautious open – cnbc
Asia shares track Wall Street higher as inflation worries recede – Reuters
India isn’t the only one. Covid cases are rising at record levels in these places too – cnbc
China stocks hit over 2-month high as inflation fears fade; Hong Kong up – Reuters
China’s stock benchmark may climb 14 per cent to scale 2015 high as inflation, policy risks ease, Guotai Junan predicts – scmp

 


Monday 05/24

Iron ore price slides as China warns of ‘excessive speculation’ – business live – guardian

Bitcoin, Bullion, & Big-Tech Soar As Dollar Drop Resumes – Zerohedge
Dow climbs 180 points, Big Tech and reopening stocks lead gains – cnbc
Cryptos Soar After Musk, Saylor Speak To Bitcoin Miners, Will Standardize Energy Reporting – Zerohedge
Elon Musk says he talked to ‘North American Bitcoin miners,’ sending bitcoin price surging – cnbc
“I Have Some Bitcoin”: Dalio Prefers Bitcoin To Bonds, Thinks Ethereum Is More Efficient – Zerohedge
Fed Alert: Reverse Repo Usage Nears Record As Repo Market Set To Blow – Zerohedge
Dow climbs 250 points to start the week, tech shares and reopening trades gain – CNBC
Fed Says Balance Sheet Could Hit $9 Trillion By 2023 – Zerohedge
Bitcoin is officially a new asset class: Goldman Sachs – yahoofinance
Oil Rebounds As Iran Nuclear Deal Talks Hit A Snag – Zerohedge
Oil Jumps 4% on Cocktail of Risk-on Trades and Memorial Day Bets – investing
Banca Ifis rescues Italian casualty of Greensill collapse – Reuters
Stocks jump after two weeks of losses as Bitcoin climbs 13 percent – NYPOST
Here are Friday’s biggest analyst calls of the day: Tesla, Zoom, Disney, Walmart, Target & more – cnbc
China’s latest move to tighten crypto regulation is not new, says HSBC – cnbc
Key Events In A Very Busy Week: Inflation, Surveys And Fed Speakers Galore – Zerohedge
European stocks hover near record high, Cineworld gains – Reuters
Asia shares wary on U.S. inflation, Bitcoin struggles to steady – Reuters
China stocks end higher on financial gains – Reuters