TOP MARKETS NEWS: Week 07/16 – 07/22

Friday 07/20

Trump fuels currency war fears with Federal Reserve criticism – business live – guardian
Daily Briefing: May ends chaotic Brexit week in Northern Ireland – Reuters

Trump Blasts Fed Rate Hikes, Says Strong Dollar Hurts U.S. – Bloomberg
GE quarterly profit drops 28 percent; cash flow target trimmed – Reuters
U.S., euro zone growth readings to tell story of divergence – Reuters
Merkel to Fight Trump Over Auto Tariffs That Could Derail Trade – Bloomberg

Trump ‘Ready to Go to’ $500 Billion on China Tariffs: CNBC – Bloomberg

JPMorgan Says Record-Breaking Bull Market Could Run Until 2020 – Bloomberg
Oil price pressures German producer prices in June – ft
Saudis Reap Benefit From U.S.-China Trade War – Βloomberg
Yuan Nears `PBOC Put’ Level That Could Help Markets, Nomura Says – Bloomberg
Chinese Investors Reel as Internet Lenders Close – wsj
China’s central bank preparing further policy easing to counter credit squeeze – scmp
China May Unleash Easing Tools Faster Than Expected, BNP Says – Bloomberg
The unwind in the Chinese yuan’s just getting started – businessinsider
Yuan Slides After China Weakens Fixing by Most Since June 2016 – Bloomberg
Microsoft crushes earnings and reports $110 billion in annual revenue, stock jumps 4% on strong guidance – businessinsider
As China Suffers Its Biggest Bankruptcy Of 2018, The PBOC Finally Panics – Zerohedge



Thursday 07/19

Chinese yuan hits one-year low as trade tensions build – business live – guardian

Pandora Says China Cut to Have No `Significant’ Impact on Margin – Bloomberg
Yuan’s Fallout for Markets Means No Summer Lull for Traders – Bloomberg
Trump’s Damage to International Trade Will Take Years to Repair – Bloomberg
We Are Nearing The Pain-Point Triggering The “PBOC Put” – Zerohedge
5 largest S&P 500 stocks have a market capitalization equal to the bottom 282 S&P 500 stocks – theirrelevantinvestor

The oil market is becoming increasingly dangerous, analysts say — and crude prices are feeling the pressure – cnbc

U.K. June Retail Sales Unexpectedly Drop in Strong Quarter – Bloomberg
Brexit: European Commission publishes Communication on preparing for the UK’s withdrawal from the EU – europa
China’s central bank continues to inject liquidity into market – chinadaily
A China borrower’s US$11 billion debt pile comes crashing down – scmp
JPMorgan Asset Management gears up for stronger global demand for Chinese stocks – scmp
Chinese demand concerns hit metals and related stocks – ft
Japan exports to U.S. fall, business mood sours amid fears of trade war – Reuters
China’s stocks post longest losing streak in almost two months as yuan drops to one-year low – scmp
The selloff in the Chinese yuan is accelerating and there’s no sign of Beijing stepping in – busnessinsider

China Launches Quasi QE To Support Banks And Sliding Bond Market – Zerohedge
Howard Marks is worried about tech’s ‘FANG’ stocks: Things that are most hyped tend to ‘produce the most pain’ – cnbc


Wednesday 07/18

Business Live – guardian

IBM shares tick higher after earnings beat – Marketwatch
Amazon: Prime Day Was “Biggest Shopping Event Ever, Surpassing Cyber Monday And Black Friday” – Zerohedge
This Is What Just Drove The Yen Spike – Zerohedge
A Hidden FANG Trade Is Rising Thanks to These Exotic Bonds – Bloomberg

U.S. housing starts hit nine-month low; permits fall – Reuters
Do Passive Investors Move Markets? They Can – wsj
ETFs Unlikely to Cause Widespread Market Disruptions, Research Shows – wsj
Macquarie: The Fed Will Halt Its Balance Sheet Reduction In 3-6 Months – Zerohedge
Markets Tell Fed Tightening Must Stop, Macquarie’s Shvets Says – Bloomberg
Caught in China’s cash crunch: why private companies are collapsing into a black hole of shadowy debt – scmp
The Fog of Trade War: The Trouble With Wall Street’s Favorite Buzzword – wsj

Morgan Stanley’s stock surges after earnings and revenue rise, beat expectations – Μarketwatch

Templeton, BlackRock Say Now’s the Time to Buy Emerging Markets – Bloomberg



Tuesday 07/17

Business Live – guardian

Microsoft Bulls Abound as Shares Rise to Record Before Earnings – Bloomberg
Latest Sign of China’s Slowdown: A Technology Cash Crunch – cnbc
Wall Street Profit Expectations Tumble As Economic Pessimism Surges – ZeroHedge
Gold & Silver Monkeyhammered Below Critical Support – ZeroHedge

Watch Live: Fed Chair Powell Testifies On Market, Economy, Policy – ZeroHedge
Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD – cnbc

US Industrial Production Rebounds From Biggest Drop In Over 2 Years – Zerohedge
Companies Report the Impact of Tariffs on Their Businesses – Bloomberg
As sanctions start to bite, Iran crude exports set to wilt – Reuters
Tech ‘FAANG’ was the most-crowded trade in the world heading into the Netflix implosion, survey shows – cnbc
Goldman Sachs is handing the keys to a very different leader with David Solomon – cnbc
Visualizing The Short History Of America’s Trade Wars – ZeroHedge
Swiss Franc, Scandinavian Currencies Most Exposed to Trade War – Bloomberg
Goldman Sachs earnings: $5.98 a share, vs expected EPS of $4.66 – cnbc
UBS Abandons Call for Yuan Gain in ’18; Trims China GDP View – Bloomberg
Japan, EU sign trade deal to eliminate nearly all tariffs – ap
U.K. Employment Reaches Record High as Job Creation Continues – Βloomberg
China Has Options Beyond PBOC to Bolster a Slowing Economy – Bloomberg
Singapore Export Data Adds to Trade War Worries – Bloomberg
Singapore’s Lead Over Malaysia’s Economy Is Shrinking – Βloomberg


Monday 07/16

China files WTO challenge over US tariffs, as its economy slows – business live – guardian

Netflix crashes 13% after it misses expectations on revenue and subscriber additions – businessinsider
Fed’s Kashkari: flat yield curve suggests time to stop tightening – ft
The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat – imf
BofA: Excluding FAANG Stocks, The S&P Would Be Negative – Zerohedge
IMF says the global economic expansion has ‘plateaued’ – Marketwatch
Beware Trade War “Doomsday Prepping” Warns Morgan Stanley – Zerohedge
Larry Fink: Next Round Of China Trade War Could Send Stocks “10%-15% Lower” – Zerohedge
Stocks Slide After US Launches WTO Challenge Against 5 Nations – Zerohedge
EU presses China to open up economy, avoid trade war – thehill
A Problem Emerges For Japanese Stocks: The Biggest Market “Whale” Can’t Buy Any More – Zerohedge
Bank of America shares rise after earnings top expectations on cost-cutting, lower taxes – cnbc

World’s Largest Shipping Company Collapses As Trade War Reality Strikes – Zerohedge

ETF Investors Dump European Stocks – morningstar
Key Events This Week: All Eyes On Powell – Zerohedge
China files WTO challenge to US $200B tariff plan – ap
China GDP Growth Slows After Record Contraction In Shadow Banking Credit – Zerohedge
China growth slows slightly in second quarter – Marketwatch

Goldman: Avoiding A Recession Will Require “Something The Fed Has Never Achieved Before” – Zerohedge
Chinese Shadow Bank Lending Unexpectedly Plummets, Sparking China Growth Fears – Zerohedge
FX weekly: The China Factor – nordea
Jeffrey Gundlach Says We’re Getting Closer to a Recession – barrons