TOP MARKETS NEWS: Week 07/20 – 07/26

Weekend 07/25 & 07/26

Moderna gets further $472 million U.S. award for coronavirus vaccine development – Reuters

Friday 07/24

US Manufacturing & Services Surveys Disappoint In Early July Look – Zerohedge
Spot Gold Tops $1,900 For First Time Since 2011 – Zerohedge
S&P Futures Fall, “Panic Selling” In China As US-China Spat Escalates – Zerohedge




Thursday 07/23

Business Live – guardian

2 Oil Stocks That Could Gain and 4 That Could Struggle in a Biden Presidency – barrons
Surging Silver Price Spurs Cantor to Flag Options Opportunity – Bloomberg
Roche maintains 2020 outlook as second-quarter sales tumble on COVID-19 hit – Reuters
Unilever sales fall less than expected as U.S. outperforms – Reuters
Daimler sees Mercedes-Benz EBIT rising this year as sales rebound – Reuters
China’s STAR Market doubles Nasdaq’s gains this year, new benchmark shows – Reuters
China stocks fall as consulate closure sets stage for profit taking – Reuters
Hyundai Motor profit drops 62% – Marketwatch
Asian shares drop as China consulate closure fans Sino-U.S. tensions – Reuters
South Korea enters recession as exports plunge by most since 1963 – Reuters



Wednesday 07/22

Business Live – guardian
5 things to know before the stock market opens Wednesday – cnbc

Tesla reports fourth straight quarter of profits – cnbc
Microsoft revenue grew 13% despite coronavirus – cnbc
Six tech stocks now make up half the value of the Nasdaq 100 – cnbc
Risk Wobbles on China Woes; Gold Breaks Out – bk
European stocks and U.S. futures fall as Trump warns pandemic will ‘get worse before it gets better’ – Marketwatch
What Role Will Hydrogen Play In The EU’s Future? – Zerohedge
EU takes giant leap and edges towards fiscal union – Schroders



Tuesday 07/21

Markets lifted by EU recovery deal and Covid-19 vaccine hopes – business live – guardian

Big Tesla bull downgrades stock, says there’s no ‘reasonable basis’ for more gains right now – cnbc
Silver trades at levels not seen since 2014 and is up more than 80% from 2020’s low – Marketwatch
Energy ETFs aim for best day in about 6 weeks as investors rotate, economic demand recovers – Marketwatch
New coronavirus relief bill is likely coming in August – cnbc
EU Deal Done; Risk Rallies – bk
Coca-Cola CEO says its business is still lagging even in markets that have coronavirus under control – cnbc
Coca-Cola earnings fall 33%, but company sees improving demand as lockdowns ease – cnbc
Coca-Cola’s stock surges, after profit beats expectations while revenue falls a bit shy – Marketwatch
FX Daily: Big EU step in the right direction – ing
UBS posts 11% fall in second-quarter profit as it warns of continued credit losses – cnbc
EU reaches ‘historic’ deal on pandemic recovery after marathon summit – Reuters



Monday 07/20

Euro hits four-month high on Covid-19 recovery fund hopes – business live – guardian
Investors cheer as two coronavirus vaccine candidates report T-cell responses, but findings are still early stage – Marketwatch

IBM improves gross margins in Q2 under new CEO – cnbc
Big Tech stocks add $291 billion in market value in one day – cnbc
Pfizer-BioNTech potential coronavirus vaccine shows promise in second early trial – Reuters
Oxford-AstraZeneca COVID-19 Vaccine Trials Show “No Adverse Effects” – Zerohedge
Chevron to buy Noble Energy in $5 billion deal – Reuters
Renault says sales slumped in first half – Μarketwatch
Synairgen shares soar as drug shows lower risk of severe COVID-19 cases – Reuters
Key Events In The Coming Week: Earnings, Claims And PMIs – Zerohedge
Asian shares stumble ahead of EU Summit, U.S. stimulus talks – Reuters
China stocks jump after regulators lift equity investment cap for insurers – Reuters
Japan’s sinking exports raise risks of prolonged economic downturn at home and overseas – Reuters
EU leaders say progress in virus recovery summit, but warn talks could still fail – Reuters
New Stimulus Package—Here’s The Key Timeline – forbes