TOP MARKETS NEWS: Week 05/21 – 05/27

Friday 05/25

Business Live – guardian

Durable-goods orders sink 1.7% in April, but strip out Boeing planes and the numbers look good – Marketwatch
Oil Plunges Below $70 After Saudis, Russia Say “Likely Supply Boost” In Second Half Of 2018 – Zerohedge

This analyst thinks the Aussie dollar’s heading back into the mid-80s in 2019 – businessinsider
Japan is struggling to boost inflationary pressures – businessinsider



Thursday 05/24

Business Live – guardian

Deutsche Bank Crashes After Profit Warning, Confirmation Of Massive Layoffs – Zerohedge
Deutsche Bank to cut more than 7,000 jobs – bbc
Deutsche Telekom to cut costs, consider buybacks – Marketwatch
Turkey halts lira’s free fall — but it’s not out of the woods yet – Marketwatch



Wednesday 05/23

Business Live – guardian

FOMC Minutes Show Fed Hiking “Soon” But Willing To Allow Dovish Inflation Overshoot – Zerohedge
Turkish Lira Soars After Central Bank Hikes Rate By 3% – Zerohedge
‘Global Synchronous Recovery’ Narrative Crushed As US, EU PMIs Diverge – Zerohedge

Euro zone business slowdown suggests best days may be over – cnbc

European stocks fall from 4-month high after weak PMI numbers – Marketwatch
London Home Price Declines Seen Continuing for Next Three Years – Bloomberg
Time to Buy Emerging Debt, From Argentina to Russia, UBS Says – Bloomberg
Pimco’s Kiesel Says Investors Should Increase Cash, Cut Credit – Bloomberg
Barclays has no plans for tie-up with rival banks: sources – Reuters
Turkey Heads Toward a Currency Crisis as Lira Goes Into Freefall – Bloomberg

Japan’s manufacturing growth cools to nine-month low in May – flash PMI – Reuters
Asian shares pressured as Trump tempers Sino-U.S. trade optimism – Reuters



Tuesday 05/22

Business Live – guardian

Here’s what the Russell 2000’s new high means for the S&P 500 – Marketwatch
15 Signs It’s “Getting Very Late”, From Bank of America – ZeroHedge
Robots fight weeds in challenge to agrochemical giants – Reuters
UBS warns there could be an oil price spike to $100 that triggers a US recession – cnbc
40% of Americans can’t cover a $400 emergency expense – cnn
Micron shares spike after a deal with Intel – cnbc
This Is The Most Important Chart To Watch On Italy – ZeroHedge
How China acquires ‘the crown jewels’ of U.S. technology – politico
Russia is out to prove that ‘doomsday’ forecasts of economic collapse have failed – cnbc
Emerging market currencies are under pressure and increasingly moving in the same direction — here’s why you should be taking notice – businessinsider
Shares jump on report China could scrap birth limits – bbc
Global Autos Get a Boost From China Car Tariffs Cut: Street Wrap – Bloomberg
China Unexpectedly Slashes Auto Tariffs After Trump Trade Truce – mrtopstep
The US corporate debt market is having one of its worst starts to a year since the 1990s – businessinsider
Japan’s earnings reports mostly disappoint, but analysts see hope ahead – japantimes



Monday 05/21

Business Live – guardian

Italy 2-Year Yield Climbs on Concern Over Borrowing Plans: Chart – Bloomberg
Italy’s new rulers could shake the euro – ft
Italy’s Populists Move Closer to Power, With Little-Known Pick for Prime Minister – nyt
First Big Bankruptcy Success Hands $5.2 Billion to India Lenders – Bloomberg
The historical relationship between house prices and recessions, in one chart – businessinsider
Nigerian Economy Expands in First Quarter as Oil Output Rises – Bloomberg
Reputation of hedge funds is hacked back hard – ft
Forget About Oil at $80. The Big Rally Is in Forward Prices – Bloomberg
The Greek Master Plan for Growth Revolves Around Banks – Bloomberg
‘Greek-like crisis’ fears hang over Italy’s markets as populists ready government – Marketwatch
“God Help Turkey”: FX Confiscation Rumors Launch Lira Meltdown As Yields Explode – Zerohedge
Thailand economy grows at fastest rate in 5 years – Marketwatch
BOJ wins approval for dropping its inflation target timeframe – Reuters
Foreigners Pull Most Cash From Malaysian Stocks Since 2013 – Bloomberg
Frontrunning: May 21 – Zerohedge
“The Outlook Is Not Good”: Goldman Sees U.S. In Dire Straits As Deficit Hits $2 Trillion In 10 Years – Zerohedge