TOP MARKETS NEWS: Week 05/29 – 06/04

Weekend 06/03 & 06/04

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

Trillion-Dollar Treasury Vacuum Is Coming for Wall Street Rally – bbg
A New Wave of Real Estate Pain Is Coming After $148 Billion Rout – bbg
Biden Signs Debt Limit Bill, Avoiding U.S. Default – bbg



Friday 06/02

Business Live – guardian
China Property Bailout Rumors Send Global Markets Higher – Zerohedge

‘Goldilocks’ Jobs Data Drives Stock Short-Squeeze, Hammers Bonds & Gold – Zerohedge
Dow leaps 700 points on hot jobs report, Nasdaq notches sixth straight winning week – cnbc
A Global Stock Trader’s Guide to More Extreme Weather Events – bbg
Another Boost to U.S. Earnings Puts Q1 View at Flat Vs Year Ago -Refinitiv – bbg
How the Value Trade Has Been Smoked by the AI Frenzy – bbg
Biden Could Sign Debt-Limit Bill as Soon as Saturday – bbg
Amazon ‘Denies’ Considering Moving Into Low-Cost Mobile Phones – Zerohedge

Instant View: US Payrolls Rise More Than Expected in May – Reuters
Outsized US Job Gains May Mask Signs of Weakness – Reuters
A More Complex Report Than The Headlines Suggest – Zerohedge
Native-Born Workers Tumble By 369K, As Foreign-Born Workers Soar To Record High – Zerohedge
Payrolls Soar By 339K, Blowing Away Highest Estimate, Even As People Employed Tumble By 310K Sending Unemployment Rate Higher – Zerohedge
Lululemon Shares Surge as Consumers Snap up Pricier Athletic Wear – Reuters
Futures Jump After Senate Passes Debt Deal, China Plans New Stimulus Package – Zerohedge
Debt-Limit Deal Clears Congress, Ending Threat of US Default – bbg
Surging US Megacap Stocks Leave Some Wondering When to Cash Out – Reuters
Europe stocks open higher after U.S. debt ceiling deal – cnbc

Marketmind: Jubilant Markets Eye Jobs in June Jump – Reuters

Hong Kong’s Hang Seng jumps 4% led by gains in property and consumer stocks – cnbc
China Stocks Rebound as Concerns Over Fed Rate Hike Ease – bbg
This Week in China: Biggest Reopening Fans Are Now Underweight – bbg
Goldman Cuts China Index Target While Retaining Overweight Call – bbg
JPMorgan raises 2024 economic outlook for India, but remains cautious of global headwinds – cnbc
Global Inflows Help Indian Stocks Become EM Asia’s Top Gainers – bbg

Asia Stocks to Track US Rally Ahead of Jobs Data: Markets Wrap – bbg


Thursday 06/01

Senate passes bill to raise debt ceiling, preventing first-ever U.S. default – cnbc
Bank Bailout Facility Usage Hits New Record High As Money-Market Fund Inflows Soared Again Last Week – Zerohedge
Bonds & Bullion Bid As Fed ‘Pause’ Narrative Builds; Stocks Soar On Massive Squeeze – Zerohedge
Nasdaq and S&P 500 close at highest levels since August on optimism over debt ceiling bill – cnbc
Dell Reports Sales Topping Estimate as Business PCs Surprise – bbg
Dell’s First-Quarter Results Fall Less Than Feared on Cost Cuts – Reuters
Goldman Slumps To 2-Mo Lows Amid Collapse In Trading Revenue, More Job Cuts Coming – Zerohedge
Investors Are Dumping Value Funds to Shovel Money Into AI Bets – bbg
Goldman’s Hedge Fund ETF Is Crushing the S&P 500 With AI Bets – bbg
Target Plunges For 10th Day As Boycott Leads To “Traffic Weakness”, JPM Downgrade Adds To Groom And Doom – Zerohedge
Stocks making the biggest moves midday: Dollar General, Salesforce,, Chewy and more – cnbc
Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions – cnbc
Senate Racing to Pass Debt Bill to Avert June 5 US Default Deadline – bbg
US Manufacturing Surveys Signal “Renewed Deterioration Of Business Conditions” In May, Orders/Prices Plunge – Zerohedge
U.S. Manufacturing Slumps Further in May; Employment Picks up -ISM – Reuters

U.S. First-Quarter Productivity Revised Up; Labor Costs Growth Lowered – Reuters
Jobless Claims Data Hovers Near 18-Month High, Ignores Soaring Layoffs – Zerohedge
US Weekly Jobless Claims Rise Slightly; Labor Market Defies Recession Fears – Reuters
US Jobless Claims Tick Up, Still Show Strong Labor Demand – bbg
ADP Reports Bigger Than Expected Jobs Gains, Slowing Wage Growth – Zerohedge
U.S. Private Payrolls Beat Expectations in May-ADP – Reuters
Hiring at US Companies Tops All Forecasts, ADP Data Show – bbg
U.S. Consumer Outlook Dims as Upscale Retailers, Discounters Slash Forecasts – Reuters
Dollar General Forecast Shows Just How Much Shoppers Are Hurting – bbg
Dollar General Prunes Annual Outlook as Shoppers Curb Spending; Shares Slide – Reuters
Macy’s Forecasts Dour 2023, Blames Higher Promotions to Counter Slow Demand – Reuters
Macy’s Falls After Cutting Outlook as Demand Trends Worsen – bbg
Futures Rise After House Passes Debt Deal, Europe Boosted By Weaker Inflation – Zerohedge
Stalling China Recovery Deals A Blow To European Stocks – Zerohedge
Euro Area Inflation Cooler Than Expected, Lagarde Shrugss Off Dovishness – Zerohedge
Euro-Area Core Inflation Eases But Won’t Stop ECB Raising Rates – bbg
Euro zone inflation falls more than expected to 6.1% as core pressures ease – cnbc
Europe stocks set to open higher after hitting two-month low; U.S. debt ceiling bill clears House – cnbc

Marketmind: Hot, Cold and Skipping a Beat – Reuters

Asia markets mostly higher as U.S. debt ceiling bill passes House vote – cnbc



Wednesday 05/31

Stocks making the biggest moves after hours:, Nordstrom, Salesforce, CrowdStrike and more – cnbc
High-Flying Shares Slump as Sobering Forecast Dampens AI Hype – Reuters
CrowdStrike shares tumble as revenue shows signs of slowing – cnbc
Salesforce Gives Forecast for Slowing Sales Growth in Push for Profit – bbg
Salesforce CEO Marc Benioff says new A.I.-enhanced products will be a ‘revelation’ – cnbc
Salesforce bumps up full-year forecast but reports higher capital expenses than expected – cnbc
Stocks slip as investors look to House vote on debt ceiling, Nasdaq pops nearly 6% in May – cnbc
Fed’s Jefferson Says Skipping Rate Hike Would Not Imply Tightening Over – Reuters
Harker Says Fed Should Skip Rate Hike at Upcoming June Meeting – bbg
Stocks making the biggest moves midday: Intel,, Advance Auto Parts, HP and more – cnbc
Intel Shares Jump as Chipmaker Sees Second-Quarter Revenue at Upper End of Outlook – Reuters
U.S. Economy Little Changed in Recent Weeks; Outlook ‘Deteriorated’: Fed Survey – Reuters
US Economy Has Signs of Cooling as Hiring and Inflation Ease, Fed’s Beige Book Shows – bbg
Will OPEC+ Announce More Output Cuts? Analysts Have Their Say – Reuters
U.S. Banks Saw Record Deposit Declines in Q1 as Profits Remained Steady: FDIC – Reuters
AI Boom Triples Valuation of Lightmatter, US Startup Using Light for Computing – Reuters
U.S. Job Openings Rise to 10.103 Million in April – Reuters
US Job Openings Surge to 10.1 Million, Upping Odds for Fed Hike – bbg

Marketmind: China Factory Fright, Dollar Surges – Reuters

No Quick Recovery for German Economy After Winter Slump – DIW – Reuters
German Inflation Drops to Lowest Level in More Than a Year – Reuters
German Inflation Slows Significantly as ECB Hikes Near End – bbg
French Inflation Eases in May to 12-Month Low of 6.0% – Reuters
Hedge Funds Are Deploying ChatGPT to Handle All the Grunt Work – bbg
Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate – cnbc
Debt Deal Clears Crucial Hurdle, Setting Up Wednesday House Vote – bbg
SBB Woes Deepen After Holding Company Skips Hybrid Bond Payment – bbg
Europe markets dip ahead of House vote on U.S. debt ceiling; SBB down 11% – cnbc

Hong Kong slides 2% to new 2023 low; Asia markets mixed as China manufacturing contracts – cnbc
BOJ Normalisation Could Strain Global Bond Markets: ECB – Reuters
Chinese Stocks Extend Rout as Factory Gauge Contracts Again – bbg
China’s Factory Slump Worsens in Sign of Weak Economic Recovery – bbg
Australia Monthly Inflation Jumps to 6.8%, Raising Rate Pressure – bbg

Asian Shares Set to Fall as Congress Mulls Accord: Markets Wrap – bbg

Tuesday 05/30

Business Live – guardian

Stocks making the biggest moves after hours: Ambarella, Box, HP and more – cnbc
HP Inc. CEO says A.I. will enable a new kind of PC, which could release in 2024 – cnbc
HP Sales Decline Worse Than Expected as PC Slump Continues – bbg
Stocks mixed on debt ceiling deal but NVDA helps NDX outperform – Newsquawk US Market Wrap
AI-Mania Melt-Up Accelerates But Bonds, Bullion, & Bitcoin Jump – Zerohedge
Dow finishes Tuesday lower as Wall Street weighs odds of debt ceiling deal clearing Congress – cnbc
Nvidia Joins The Trillion Dollar Club – Will It Last? – Zerohedge
Nvidia Surge Results in Historic $1 Trillion Market Valuation – bbg
Euro Zone Lending Takes Another Hit From Higher Rates – Reuters
Stock Traders Turn to Options for Desperate Chase to Catch the Tech Rally – bbg
Food Stamps, Spending: Here Are Five Key Issues to Pass US Debt Deal – bbg
Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more – cnbc
US Home Prices Climb as Tight Market Collides With Demand Uptick – bbg
US Home Prices Show Annual Decline For First Time Since 2012 – Zerohedge
“There Is Nothing Encouraging On The Horizon” – Dallas Fed Manufacturing Survey Contracts For 13th Straight Month – Zerohedge
US Consumer Confidence Dips to Six-Month Low, Labor Market Views Soften – Reuters
Conference Board Confidence Drops To Worst Since 2022, Labor Market Showing Cracks – Zerohedge

Marketmind: Debt Vote in Sight, but Further Fed Squeeze – Reuters

Euro-Zone Consumer-Price-Expectation Gauge at Lowest Since 2020 – bbg
Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more – cnbc
Futures Jump On Debt Deal Agreement Despite Congressional Hurdles, Nvidia Tops $1 Trillion – Zerohedge
Debt-Limit Deal Faces Final Test in Congress to Avert US Default – bbg
Qualcomm Says AI Will Demand More Power Than Just the Cloud – bbg
Spanish Inflation Slows More Than Expected, Nears 2-Year Low – bbg
Big Tech Rally Will Only Grow Further as Recession Worries Reign, Investors Say – bbg
Elon Musk Expected to Visit China in First Trip in Three Years – bbg
Europe markets mixed as U.S. lawmakers prepare for debt ceiling vote – cnbc

China Stock Gauge Slumps 20% From 2023 Peak as Pessimism Abounds – bbg
Banks Tap Hong Kong’s Discount Window for Most Funds Since 2021 – bbg




Monday 05/29

Debt-limit deal brings relief tinged by caution – bbg
Explainer-What Is the U.S. Debt Ceiling? – Reuters

Biden, McCarthy Work Lawmakers to Pass Deal as US Default Looms – bbg
U.S. Republicans Tee up Debt-Ceiling Vote in Congress – Reuters
Long-Dated Treasury Futures Rally in Wake of Debt-Ceiling Accord – bbg
European Stocks Slip as Tech, Bank Drag; Investors Assess U.S. Debt Ceiling Deal – Reuters
Spain’s Snap Election Risks Derailing the EU’s Top Priorities – bbg
World’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion Rally – bbg
Turkish Lira May Slide 29% After Erdogan Victory, Morgan Stanley Says – bbg
Debt Deal Adds Brake on US Economy Already at Risk of Recession – bbg
Analysis: Debt Deal Could Boost Unloved Corners of US Stock Market – Reuters
Debt-Ceiling Relief May Be Short as Focus Turns to T-Bill Deluge – bbg
Debt Deal Adds Brake on US Economy Already at Risk of Recession – bbg

Marketmind: Relief Rally Eyed on US Debt Ceiling Deal – Reuters

Asia markets mixed after U.S. reaches debt ceiling deal; Japan stocks at highest since July 1990 – cnbc
Asian Shares, US Futures Rise on Debt Ceiling Deal – Reuters
Chinese Stocks in Hong Kong Extend Slump, Approach Bear Market – bbg

US Stock Futures Rise, Dollar Subdued on Debt Deal: Markets Wrap – bbg