TOP MARKETS NEWS: Week 06/20 – 06/26

Weekend 06/25 & 06/26

G7 nations are worried about global economic crisis, Scholz says – Reuters
Japan issues power usage warning for Tokyo area amid heat waves – asianikkei
IMF Slashes US Growth Forecast But Claims Recession Will Be ‘Narrowly Avoided’ – Zerohedge
EARNINGS INSIGHT – factset
Week Ahead: Destructive ambiguity – nordea
Quarter-end buying may lift stocks higher before the next market storm – cnbc

 

 

Friday 06/24

Business Live – guardian

Dow Jumps 800 Points, Stocks Snap Three-Week Losing Streak After Inflation Expectations Ease – forbes
Stocks Emerge From Bear Market As End Of Fed Rate Hikes Priced In With Recession Looming – Zerohedge
Dow rallies 800 points on Friday to cap big comeback week for stocks – cnbc
Will $30BN In Month-End Pension Buying Send The S&P Above 4,000: Kolanovic Thinks So – Zerohedge
How Far Will This Dead-Cat Rally Bounce: Goldman, JPMorgan Traders Duke It Out – Zerohedge
Stocks making the biggest moves midday: Carnival, FedEx, Zendesk and more – cnbc
Brace for the Most Expensive, Manic Minutes of the Trading Year – BBG
European stocks log best session in more than 3 months; tech shares gain 3.8% – cnbc
Copper heads for worst weekly loss in a year, nickel and tin plunge – Reuters
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly – cnbc
UMich Inflation Expectations Ease, Sentiment Hits All-Time-Low – Zerohedge
The 2022 Capitulation Has Been in Bonds, Not Stocks – BofA – investing
Rabo: The Market Is Telling The Fed That After September They Are Done – Zerohedge
Futures Surge To Two Week High As Traders Eye End Of Fed’s Hiking Cycle – Zerohedge
Russia Warns Of ‘Non-Diplomatic’ Response Over Kaliningrad Blockade – Zerohedge
European markets nudge higher, capping volatile week as investors assess recession prospects – cnbc
Hong Kong’s Hang Seng up 2% as Asia markets gain; logistics firm GoGoX falls below offer price – cnbc

 

 

Thursday 06/23

Business Live – guardian
What Do Financial Markets Say about Future Inflation? – stlouisfed
Powell’s warning: ‘Surprises could be in store’ on inflation – politico

Stocks making the biggest moves after hours: FedEx, Sarepta Therapeutics and more – cnbc
Stocks & Bonds Surge As Recession Fears Tank Rate-Hike Odds – Zerohedge
Nasdaq rises 1%, Dow adds nearly 200 points in late-day rally – cnbc
All 33 Banks Pass Fed Stress-Test, Setting Stage For Billions In Buybacks – Zerohedge
Morgan Stanley Lowers Tesla Price Target, Predicts Lower Q2 Volumes – Zerohedge
Netflix Cuts 300 Workers In Second Round Of Layoffs Amid “Difficult Transition” – Zerohedge
Stocks making the biggest moves midday: WeWork, Snowflake, United Airlines, Rite Aid and more – cnbc
US PMIs Plunge To 2-Year Lows Amid “Remarkable Drop In Demand” – Zerohedge
Initial Jobless Claims At 5-Month Highs As Layoffs Accelerate – Zerohedge
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase – Zerohedge
Futures Rebound As Hopes Of Imminent Recession Spark “Bad News Is Good News” Reversal – Zerohedge
Elon Musk Called Tesla’s Berlin And Austin Factories “Gigantic Money Furnaces” In Late May – Zerohedge
Stocks making the biggest moves premarket: Accenture, Darden Restaurants, FactSet and more – cnbc
Half Of Americans Didn’t Save During Pandemic, Leaving No “Savings Cushion” Amid Recession Fears – Zerohedge
Norway announces 50 basis point hike to interest rates, largest for 20 years – cnbc
“Horror-Show” PMIs Send Euro Tumbling And Europe To Edge Of Recession – Zerohedge


Wednesday 06/22

Business Live – guardian
Did The Recession Start Three Months Ago? – Zerohedge
Watch Live: Fed Chair Powell Testifies Before The Senate – Zerohedge
This Is The Worst Year On Record For Markets… So Far – Zerohedge

Stocks Snore, Bonds Soar As Fed Fears Ease; There’s Just One Thing… – Zerohedge
Stocks inch lower as rally attempt on Wall Street falters – cnbc
Powell tells Congress the Fed is ‘strongly committed’ on inflation, notes recession is a ‘possibility’ – cnbc
Oil Giants Warn Of Much Higher Prices For The Next 3-5 Years Amid Lack Of Supply – Zerohedge
The S&P 500 could slide another 33% in a ’70s-style inflation environment: Société Générale – marketwatch
Is a 4% Treasury 10-Year Yield Possible? – wisdomtree
Stocks making the biggest moves midday: Nike, La-Z-Boy, Altria Group, Coinbase, Dow & more – cnbc
Stocks Explode Higher… Here’s Why – Zerohedge
The U.S. Economy is Like Wile E. Coyote Heading Off A Cliff, Says Former NY Fed President Dudley – BBG
Canada inflation rate gallops to near 40-year high, calls for supersized rate hike mount – cnbc
Raw material costs for electric vehicles have doubled during the pandemic – cnbc
EIA: US Refining Capacity Sinks To Near Decade Low – Zerohedge
The S&P 500 Hasn’t Had Such a Bad First Half Since the Nixon Era – BBG
Stocks making the biggest moves premarket: Winnebago, La-Z-Boy, Revlon and others – cnbc
Futures, Oil Tumble As Attention Turns To Coming Recession, Powell Senate Testimony – Zerohedge
Another ‘algorithmic’ stablecoin has fallen below its $1 peg — but experts say it’s not ‘Terra 2.0’ – cnbc
Probability Of Global Recession Nearing 50%: Citigroup Economists – Zerohedge
Citigroup Economists See Chance of Global Recession Nearing 50% – BBG
UK inflation hits new 40-year high of 9.1% as food and energy price surge persists – cnbc
Euro-area inflation isn’t just imported, new ECB indicator shows – BBG
IEA warns Europe to prepare for total shutdown of Russian gas exports – ft
European markets set to slide at the open, giving up gains made earlier this week – cnbc
South Korea slips as it leads Asia-Pacific losses; oil drops more than 3% – cnbc

 

Tuesday 06/21

Business Live – guardian

This recession call is coming from inside the house. Why one New York Fed model is so bleak – Marketwatch
The odds of a ‘hard landing’ for the U.S. economy are rising, according to UBS and the New York Federal Reserve – fortune
A big test of Powell’s support – politico
Stocks rebound: S&P 500 posts best day in three weeks, Dow gains 643 points, or 2.2% – yahoofinance
Demand issues account for one-third of U.S. inflation spike – SF Fed – Reuters
Big-Tech, Bitcoin, & Bond Yields Surge Higher As Macro Malaise Continues – Zerohedge
Dow jumps 600 points, S&P 500 adds 2.5% in comeback from worst weekly loss in 2 years – CNBC
“That Would Be Crossing The Rubicon”: The BoJ Is About To Own More Than Half Of All JGBs – Zerohedge
Whither “Animal Spirits”? – Zerohedge
The Shortest Bull Case For Stocks You Will Ever Read – Zerohedge
Stocks making the biggest moves midday: Exxon Mobil, Alphabet, Kellogg, Charles Schwab and more – cnbc
Rabobank: We Are Heading For More Crashes, Bangs, Wallops – Zerohedge
The federal government prepares the alarm level of the gas emergency plan – welt
S&P 500 jumps 2%, rebounding from worst week of the bear market – cnbc
US Existing Home Sales Tumble To 2-Year Low In May, NAR Warns ‘Worse To Come’ – Zerohedge
Here’s what Congress can do to lower inflation – thehill
Labor market ‘worse than the 1970s’ as strikes hit UK, Nobel Prize-winning economist says – cnbc
Goldman Sachs Economists See Chance of Recession Rising – THESTREET
Netherlands Follows Germany, Lifts Restrictions On Coal-Fired Power Stations Amid Drop In Russian Gas Supplies – Zerohedge
Stocks making the biggest moves premarket: Kellogg, Lennar, Spirit Airlines and others – cnbc
Futures, Cryptos Surge As Dip Buying Turns Into “Nasty Squeeze” – Zerohedge
Kellogg Focuses on Global Snacking Growth with Cereal and Plant Businesses Spinoff – investing
Morgan Stanley, Goldman Strategists See More Stock Market Losses – BBG
Musk Confirms Tesla Layoffs, Talks Crypto And The Coming Recession At Qatar Economic Forum – Zerohedge
Musk Says Recession “More Likely Than Not” in Near Term; Coy About Trump Support – Reuters
The likelihood of a recession in Europe — and the U.S. — is quite high, Deutsche Bank CEO says – cnbc

Rolls Royce offers cash to workers facing high cost of living – Reuters
German industry body slashes forecast, warns of recession if Russian gas halted – Reuters
Risk of US recession now higher and more front-loaded, warns Goldman – BBG
UK Drivers Brace For “Big Traffic Increases” Amid “Largest Rail Strike In Modern History” – Zerohedge
Chinese stocks climb as Asia-Pacific markets rise; RBA expects inflation to peak by year end – cnbc
Bank of Japan Spends A Record $81 Billion To Avert Collapse, But $10 Trillion JGB Market Is Now Completely Broken – Zerohedge
Distressed Crypto Lender Gets Debt Repayment Reprieve As It Battles For Survival – Zerohedge

Monday 06/20 – US Mkts Closed

Morgan Stanley: So What Does The ECB Do Next? – Zerohedge
It’s Official: Nomura Is First Bank To Call For 2022 Recession – Zerohedge
Germany Plans Coal U-Turn, Gas Funding to Offset Russian Cut – yahoofinance
Germany Producer Price Inflation At Record High – finanzen
European markets nudge higher as investors reflect on economic uncertainty; Renault up 7% – cnbc
South Korea drops 2%; China keeps benchmark lending rate unchanged – cnbc