TOP MARKETS NEWS: Week 07/15 – 07/21

Friday 07/19

Gold hits six-year high as rate cut hopes and US-Iran tensions grow – business live – guardian
Finally, markets perk up, as Sinopharm and Poly Developments jump but MTR slides – scmp

60% Of US Equity Assets Are Already Parked In Passive Vehicles, Quants Control Another 20% – Zerohedge
Something Just Broke In China As Repo Rate Soars To 1,000% Overnight – Zerohedge

US-China trade war could become a currency war – Fitch – forexlive

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks – Reuters
China’s local governments issued net $202 bln in special bonds in H1 – Reuters
GLOBAL MARKETS-Asia stocks firm as Fed props up rate cut expectations – Reuters


Thursday 07/18

China, Hong Kong shares fall amid US-China trade fight, other uncertainties – scmp

Microsoft is killing it in all businesses except for one – Marketwatch
Microsoft earnings jump nearly 50% and more growth is in the forecast – Marketwatch
Fed’s Clarida: stimulus doesn’t have to wait for decisive turn in data – Reuters

Stocks & Bonds Jump, Dollar Dumps After Fed Williams ZIRP Comments – Zerohedge
Morgan Stanley’s rich clients withdrew a surprising amount from accounts to pay their taxes – cnbc
“Abrupt, Alarming” Leveraged Loan Collapse Highlights Fragile Nature Of Credit Markets – Zerohedge
5 Reasons Why Traders are Selling US Dollars – bk
Chinese Capital Outflows Spike, Highest In 10 Months – Zerohedge

‘Leading Economic Indicators’ Slump Most In Over 40 Months – Zerohedge
European Stocks, US Futures Rebound After ECB Said To Revamp Inflation Goal – Zerohedge
ECB Studies Revamping Inflation Goal in Twilight of Draghi Era – Bloomberg
Four bond defaults in a single day highlight private sector’s financing difficulties – yuantalks
Asian Stocks Slide Despite Unexpected Bank Of Korea Rate Cut – Zerohedge
China’s debt tops 300% of GDP, now 15% of global total: IIF – Reuters




Wednesday 07/17

Business Live – guardian
Markets struggling for direction as US president Donald Trump issues latest tariff threat – scmp

Ray Dalio Warns A “New Paradigm” Is Coming: “Buy Gold, Sell Stocks” – Zerohedge
Alcoa posts narrower-than-expected Q2 loss – Marketwatch
Beige Book Describes A Solid, Stable “Modestly Expanding” Economy… So Time For A Rate Cut? – Zerohedge
Are the Eurozone and ECB turning Japanese…? – ftse
BofA Net Interest Margin Unexpectedly Tumbles, As Lower Rates Add To Woes – Zerohedge
How Much Boeing Stock Is Worth If the 737 MAX Never Flies Again – barrons



Tuesday 07/16

Business Live – guardian
Traders look to corporate results as earnings season kicks off – scmp

Big banks signal Fed rate cuts may not be so great for them – cnbc
Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day – Zerohedge
Fiat Chrysler falls 4% after Goldman initiates at sell, citing North American growth struggles – cnbc
Recession Looms: Cass Freight Index Negative For 7th Month – Zerohedge
Trade war fallout on China is not as bad as the numbers imply, Stephen Roach suggests – cnbc
US Industrial Production Slows In June Despite Jump In Auto Manufacturing – Zerohedge
Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll – Reuters
June Retail Sales Smash Expectations – Zerohedge
Wells’ Interest Income Tumbles In Urgent Warning How Fed Will Cripple US Banks – Zerohedge
JPMorgan profit rises 16% on tax gain – Reuters
Reluctant ECB May Mull Bank-Bond Buying Amid Unappealing Options – Bloomberg
Sterling sags on Brexit concerns, weighs on euro – Reuters

Asian shares creep higher as wary investors await U.S. data, earnings – Reuters




Monday 07/15

Hong Kong, mainland markets turn up as investors see mixed signs from China data – scmp

Global Debt Hits $246 Trillion, 320% Of GDP, As Developing Debt Hits All Time HIgh – Zerohedge
Just How Overvalued Is The Market? Here Are 20 Metrics To Help You Decide – Zerohedge

“Why Do Stocks Keep Going Up”: For Markets, It’s Back To The Most Important Question Of 2019 – Zerohedge

Rate cut with stock market at all-time highs? It’s been done before – Marketwatch
Empire State manufacturing index climbs out of negative territory in July – Μarketwatch
Greece prepares for seven-year bond issue in post-election calm – Reuters
Citi Trading Revenues Tumble, But EPS Beats After Aggressive Cost Cuts – Zerohedge
China: Retail sales boom, but for the wrong reasons – ING – fxstreet
China’s GDP grows 6.3% in H1, stimulus measures coming soon – globaltimes
How Much Higher Can Stocks Rise: JPMorgan Answers – Zerohedge