TOP MARKETS NEWS: Week 07/06 – 07/12

Friday 07/10

Business Live – guardian
Stocks making the biggest moves midday: Gilead, Wells Fargo, Carnival & more – cnbc

‘The Ultimate Hold’: Why Disney has investors stuck in place – Reuters
One Bank Admits The Markets Have Never Been More Broken, So Here’s What Happens Next – Zerohedge
Trump sees no possibility of second trade deal with China – Marketwatch
Fed’s Balance Sheet Posts Biggest Weekly Drop In Over 11 Years – Zerohedge
Worst earnings season since 2011 awaits investors – saxo
One trader has a way to hedge the market in case of more downside – CNBC
Gold set for fifth weekly gain as virus fears support safe havens – Reuters
Germany’s Scholz: EU will reach compromise on budget, recovery fund – Reuters
Cash flows into China funds fuel fears of 2015 boom-bust repeat – Reuters
China bank lending hits record $1.72 trillion in first half after solid June – Reuters
China Auto Sales Bounce Back From Worst-Ever Quarter – wsj

 

Thursday 07/09

Business Live – guardian
“Political Prosecution!”: Trump Rages After Supreme Court Tax Ruling – Zerohedge

Hedge funds plunged a record 7.9% in the first half of the year as the coronavirus pandemic roiled markets – businessinsider
What to expect as banks report earnings: more loan pain but plenty of fee income – Marketwatch
U.S. weekly jobless claims stay elevated; labor market improvement stalling – Reuters
Dumbfounded By Tesla, Morgan Stanley’s Jonas Cites “The Power Of Hope”, Issues $1800 Price Target Range – Zerohedge
‘The market isn’t pricing in an all-clear on the economy,’ say BofA analysts, who say the S&P 500 will end the year at 2900 – Marketwatch

 

 

Wednesday 07/08

Gold hits eight-year high as markets fret about Covid-19 lockdowns – business live – guardian
Stocks making the biggest moves premarket: Nikola, Apple, Biogen, Intersect ENT & more – cnbc

Plunge In Consumer Credit Continues As Americans Repay Record Amounts Of Credit Card Debt – Zerohedge
Alcoa’s stock jumps after preliminary earnings results beat expectations – Marketwatch
JPMorgan upgrades controversial Nikola after 40% sell-off, says attractive for long-term investors – cnbc
Why the Market is Right on Gold – bk
China’s car sales still showing signs of growth as world’s largest market recovers from coronavirus impact – scmp
A Chinese equity bull market is building – Morgan Stanley – forexlive

 

Tuesday 07/07

Business Live – guardian
Coronavirus live updates: Novavax gets a boost in the vaccine race – cnbc

Gold Spikes Back Above $1800 After Bostic’s Downbeat Comments – Zerohedge
Sustainable-investing flows have smashed all records in 2020. What’s going on? – Marketwatch
Growth, tech and China ETFs hit new highs to start July. Here’s where they could be headed – cnbc
Operation Warp Speed Awards Novavax $1.6 Billion For COVID Vaccine – Zerohedge
Citi bumps up its S&P 500 forecast, but warns investors to stop ignoring these risks – Marketwatch
China slams U.S. as it joins global arms trade treaty at U.N – Reuters
Why BlackRock Has Downgraded America’s Red Hot Stock Market To Neutral – forbes
Warren Buffett’s $90 billion Apple stake is now 43% of Berkshire Hathaway’s entire stock portfolio – businessinsider
Euro zone set for deeper recession, less steep rebound: Commission – Reuters
BMW sales plunge nearly 25% in second quarter – yahoofinance
EU cuts economic forecasts for the region, now projecting a 8.3% slump this year – cnbc
German industrial output rebounds, firms see brighter outlook – Reuters
Samsung projects 23% profit jump for second quarter – ap

 

 

 

Monday 07/06

Business Live – guardian

How America Lost the War on Covid-19 – nyt
Here are Monday’s biggest analyst calls of the day: Intel, Netflix, Tesla, Zoom & more – cnbc
JPMorgan Says Wall Street Is Too Negative About a Biden Win – Bloomberg
Citi sees markets in a ‘stalemate’ over the next 12 months as bulls and bears collide – cnbc
Euro zone retail sales in record rebound in May as lockdowns eased – Reuters
Deutsche Bank sees China’s ‘V-shaped recovery’ moderating in the second half of 2020 – cnbc
BlackRock Favors Asia Markets Closely Tied to China’s Recovery – Bloomberg
Moderate rebound in German industry orders points to slow recovery – Reuters
Australia closes state border for first time in 100 years after COVID-19 spike – Reuters
Robinhood Envy: China Tells Its Population To Flood Into Stocks In Repeat Of 2015 Bubble – Zerohedge
China needs a bull market to build strength: state media – Reuters
GLOBAL MARKETS-Asia shares jump as China blue chips scale 5-year peak – Reuters
Hong Kong, mainland stocks surge in early trading on bullish sentiment over China economic recovery – scmp
Berkshire Hathaway will buy natural gas assets from Dominion Energy in $10 billion deal – cnn
Gundlach lashes Fed’s ‘incredible fiscal lending’ during coronavirus collapse – yahoofinance