TOP MARKETS NEWS: Week 06/17 – 06/23

Thursday 06/20

Business Live – guardian

Tech weakness hits stocks ahead of quad-witching – Newsquawk US Market Wrap
Bullion & Black Gold Bid But ‘Bad News’ Was Bad News For Big-Tech – Zerohedge
S&P 500 Closes Lower After Record High, Weighed by Chips Stocks, Economic Data – Reuters
S&P 500 closes slightly lower after briefly breaching 5,500, Nvidia takes a breather – cnbc
Stocks making the biggest moves midday: Gilead Sciences, Accenture, Trump Media, AMD and more – cnbc
Nike Shares ‘Too Expensive’ as Analyst Sees Stock Dropping 20% – bbg
European Shares Rise After Swiss Rate Cut, BoE Decision – Reuters
European Stocks Advance as BOE Holds Rates, SNB Reduces Again – bbg
MicroStrategy Buys $786 Million More in Bitcoin With Note Proceeds – bbg

US Labor Market, Housing Data Point to Slowing Economy – Reuters
Continuing Jobless Claims Keep Rising, California Initial Claims Crash – Zerohedge
US Initial Jobless Claims Were Little Changed Last Week – bbg
US Housing Starts & Building Permits Plunge To COVID Lockdown Lows – Zerohedge
New US Home Construction Plunges to Slowest Pace Since June 2020 – bbg
Philly Fed ‘Hope’ Hammered As Inflation Expectations Soar – Zerohedge
US Stocks At All-Time High, Nasdaq Futures Gains For 8th Day After SNB Unexpectedly Cuts Rate – Zerohedge
Kroger’s Sales Top Estimates, Fueled by Steady Grocery Spending – bbg
AXA IM Trims French Bank Stocks With Bond Risk a Lasting Trend – bbg
BOE Rate-Cut Signal Poised to Hand ‘Feel-Good Factor’ to Starmer – bbg
Bank of England Keeps Rates Unchanged In “Dovish Hold”, August Rate Cut On Deck – Zerohedge
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut – cnbc
Rheinmetall Wins Record €8.5 Billion Order for Ammunition Supply – bbg
SNB Unexpectedly Cuts Rates Again As Swiss Inflation Continues To Ease – Zerohedge
French Bond Auctions Are First Big Test Since Macron’s Gambit – bbg
Europe’s EV Battery Plans Fade on China Price War, US Subsidies – bbg
EU Electric Car Sales Drop in May as German Demand Slumps, Industry Says – Reuters
European markets head for mixed open as UK awaits Bank of England’s rate decision – cnbc

Asia-Pacific markets are mostly lower as China keeps benchmark lending rates steady – cnbc
Bank of Japan Warns of Potential Hit to Lenders From Rising Rates – Reuters
The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses – Zerohedge
Japan To Issue Bonds With Shorter Maturities As BOJ Begins Tapering QE – Zerohedge
Bitcoin ETF Launches on Australia’s Main Stock Exchange for the First Time – Reuters

Asian Equities to Slip as Traders Search for Cues: Markets Wrap – bbg

Wednesday 06/19

UK Inflation Hits 2% Goal for First Time in Almost Three Years – bbg
European markets head for lackluster open; UK inflation falls – cnbc

Hong Kong leads gains in Asia, Taiwan stocks hit new record highs – cnbc
Hong Kong Stocks Jump, Leading Asia in Catch-Up Rally – bbg
China Should Break QE Taboo, Widen Deficit, Ex-PBOC Adviser Says – bbg
China Is Studying Implementation of PBOC Bond Trading, Says Pan – bbg
BOJ’s Minutes Show Debate on Rate Hikes With Close Eyes on Yen – bbg

Asia Shares to Gain After Another S&P 500 Record: Markets Wrap – cnbc


Tuesday 06/18

Business Live – guardian

Dollar clambers off Retail Sales induced troughs amid a deluge of Fed Speak ahead of Juneteenth – Newsquawk US Market Wrap
S&P 500, Nasdaq Hit Record Highs on AI Momentum, Dow Edges up After Weak Retail Sales – Reuters
‘Magnificent 7’ Stocks Fade As NVDA Becomes World’s Largest Company… Ever – Zerohedge
S&P 500 climbs to another record close Tuesday as Nvidia’s market cap tops Microsoft – cnbc
Stocks making the biggest moves midday: La-Z-Boy, Rocket Lab USA, NextEra Energy and more – cnbc
Nvidia’s 591,078% Rally to Most Valuable Stock Came in Waves – bbg
Huge Tech ETF Set to Buy $10 Billion in Nvidia Shares – Reuters
HPE CEO Unveils ‘Simple’ AI Hardware Aimed to Help Businesses – Reuters
European Shares Advance as French Political Concerns Subside – Reuters

US Retail Sales Tepid in May; Manufacturing Production Surges – Reuters
US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles – Zerohedge
May retail sales rise 0.1%, weaker than expected – cnbc
Retail Sales Disappoint In May, April Revised Even Lower… – Zerohedge
Stocks making the biggest moves premarket: La-Z-Boy, NextEra Energy, Kroger, Lennar and more – cnbc
Futures Flat As Tech Stocks Rise For 7th Consecutive Day – Zerohedge
Goldman Sees US Jobs at Inflection Point, Sticks to Two Cut Call – bbg
French stocks face worse to come from political risk, Goldman strategists say – cnbc
European Stocks Rebound as Dust Settles From Macron Vote Call – bbg
European markets open higher after choppy start to the week – cnbc

Asia-Pacific markets rebound as Wall Street rallies overnight; Australia holds rates – cnbc
Australia Holds Key Rate, Will Be ‘Vigilant’ on Inflation – bbg
India’s Stock Value Tops $5 Trillion as Modi’s Win Powers Rally – bbg

Asian Shares to Track Record-Breaking Wall Street: Markets Wrap – bbg


Monday 06/17

China new home prices fall at fastest rate in nearly 10 years; French political uncertainty weighs on markets – business live – guardian

Bitcoin, Black Gold, & Big-Tech Rip To Start The Week – Zerohedge
Wall Street Closes Higher as Investors Eye Economic Data, Fed Comments – Reuters
S&P 500 rises to record close on Monday, Dow snaps four-day losing streak – cnbc
Citi Ramps Up US Stock Outlook, Joining Goldman and Evercore ISI – bbg
Macron’s Struggles Have Europe Fretting Over Defense and Ukraine – bbg
Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more – cnbc
European Shares Inch up as Banks, Tech Rebound; Topdanmark Shines – Reuters
European Stocks Meander as France Turmoil Raises Volatility – bbg

New York Manufacturing Shrinks Less Than Forecast as Prices Cool – bbg
Futures Flat As European Stocks Stabilize – Zerohedge
Key Events This Holiday-Shortened Week: Retail Sales, Housing And PMIs – Zerohedge
French Markets Stabilize as Traders Digest Le Pen Assurances – bbg
Europe Traders Look for Cover on Surprise Call for French Vote – bbg
France’s Safeguards Against the Far-Right Are Starting to Unravel – bbg
French Chaos Poses Little Contagion Risk to Europe Bond Rally – bbg
Europe stocks higher as investors shake off negative sentiment – cnbc

Hong Kong stocks reverse losses as investors assess key China data; Nikkei tumbles almost 2% – cnbc
China May retail sales beat expectations, but industrial output and fixed asset investment missed – cnbc