TOP MARKETS NEWS: Week 07/30 – 08/05

Friday 08/03

Business Live – guardian

China adjusts forward foreign exchange risk reserve requirement ratio – forexlive
Investors move to cash, anticipating Democratic gains in U.S. November elections – Reuters

Eurozone Economy Enters Third Quarter With No Pickup in Sight – Bloomberg
Trump’s tariff fight with China could spiral both countries into recession: Austan Goolsbee – foxbusiness
UK bank RBS announces first dividend in 10 years – cnbc
China Dethroned by Japan as World’s Second-Biggest Stock Market – Bloomberg
China’s Yuan Heads for Longest Weekly Losing Streak on Record – Bloomberg
The price of copper has slumped, but there’s one factor which could cause its value to spike – businessinsider



Thursday 08/02

Business Live – guardian

Apple’s $1 Trillion Milestone Reflects Rise of Powerful Megacompanies – nyt
Bank of England raises rates to 0.75% the highest in almost a DECADE in a move that will hike bills for 3.7million and add £200 to an average tracker mortgage – but will it be passed on to savers? – dailymail
The trade war is starting to get real — investors, take these steps – Marketwatch
China urges the US to return to reason on trade and reiterates efforts at ‘blackmail’ will fail – cnbc
Bank of England Raises Interest Rate to 0.75% in Surprise Unanimous Vote – Bloomberg
US: Trade tariffs to increase to 25% for China – Danske Bank – fxstreet

Australia just recorded a huge trade surplus – businessinsider


Wednesday 08/01

Business Live – guardian
Daily Briefing: Factories read-out eyed ahead of BoE meet – Reuters

Fed Holds Rates Unchanged As Expected, Upgrades Economic View To “Strong” – ZeroHedge
Lira Crashes Through 5.00 As US Sanctions Hit 2 Turkish Govt Officials – ZeroHedge
Fidelity Becomes First Company To Offer A No Fee Index Fund – ZeroHedge
US Manufacturing PMI Slumps To Weakest In 2018 As Prices Surge, Orders Tumble – ZeroHedge
10Y Treasury Yield Tops 3.00% After Surprise Supply Increase – ZeroHedge 
ADP Employment Spikes But Multinationals “Signal A Threat” – ZeroHedge 
India’s Central Bank Raises Key Rate to 6.5% to Fight Inflation – Bloomberg
Banks are still playing with fire a decade after the recession – Marketwatch

Euro-Area Factories Put on the Brakes in July Amid Trade Qualms – Bloomberg
Australia’s manufacturing sector just slowed sharply – Marketwatch
Volatility Is Back in Japan’s Bonds as Traders Confront Kuroda – Bloomberg
Caixin China manufacturing PMI hits 8-month low – Marketwatch
Asian markets mostly up, as Apple suppliers get a boost – Marketwatch
Japan, China Markets Turmoiling – Zerohedge
Advisers urge Trump to raise tariffs to 25% on $200 billion of Chinese goods – Marketwatch
A Record 18% Of China’s GDP Goes To Debt Service – Zerohedge



Tuesday 07/31

Markets await latest eurozone growth figures, Dixons data breach – business live – guardian

Apple stock heads for record after earnings and outlook beat – Marketwatch
The Greatest Depression – forbes

Chicago PMI Hits 6-Month Highs As ‘Soft Survey’ Rebound Continues – Zerohedge

Worker pay and benefits climbing at fastest pace in 10 years, ECI finds – Marketwatch
Dollar Drops As Fed’s Favorite Inflation Indicator Disappoints – Zerohedge
Credit Suisse Joins BofA in Warning Over Tech Crowding Risk – Bloomberg
BMW to build 1 billion euro car factory in Hungary – Reuters
Prepare for the biggest stock-market selloff in months, Morgan Stanley warns – Marketwatch
Euro-Area Economy Gets Higher Inflation But Weaker Growth – Bloomberg

BP Makes Small Oil Trading Loss as Permian Bottlenecks Bite – Bloomberg

Factbox: Key changes made to BOJ’s policy framework on July 31 – Reuters

BOJ adopts forward guidance on rates, makes framework flexible – Reuters

China’s nonmanufacturing PMI hits 11-month low – Marketwatch


Monday 07/30

Markets cautious after tech sell-off and ahead of central bank meetings – business live – guardian

BOJ Intervenes For Third Time In A Week: Offers To Buy Unlimited Bonds To Stabilize Markets – Zerohedge
3 Interest Rate Decisions: Which Will Have the Biggest Surprise? – pepperstone

Eurozone economic sentiment slips in July – ing
China stocks end lower as vaccine scandal extends healthcare slump – Reuters
India Increasing Rates Now Would Be ‘Big Mistake,’ Mobius Says – Bloomberg
China stocks end lower as vaccine scandal extends healthcare slump – Reuters

A weaker currency is one of China’s key tools to deal with Trump’s trade war — but it comes at other costs – businessinsider