TOP MARKETS NEWS: Week 08/03 – 08/09

Friday 08/07

Business Live – guardian

U.S. adds 1.76 million jobs in July as hiring slows after fresh coronavirus outbreak – Marketwatch
Bank of America strategist: ‘I’m so bearish, I’m bullish’ – Marketwatch
French industrial production climbed 13% in June – Marketwatch
The market is underpricing the possibility of a vaccine, Goldman Sachs strategists say – Marketwatch
World shares tumble after Trump takes aim at China tech firms – Reuters
Analysts lift Asia earnings estimates for first time in six months – Reuters
China July exports rise at fastest pace in seven months, but imports fall – Reuters
Fastly stock drops 18% as analysts weigh in on how TikTok may affect the edge-computing platform’s growth – Marketwatch




Thursday 08/06

Business Live – guardian

Goldman Says Covid-19 Vaccine Approval Could Upend Markets – bloombergquint
Coronavirus talks on life support as parties dig in, pass blame – thehill
A Double Whammy of Trouble for Stocks? – bk
European Funds Post Stunning $835 Billion In Trading Losses For First Half Of 2020 – Zerohedge
White House Moves To De-List Chinese Companies From American Stock Exchanges – Zerohedge
UniCredit profit drops on rising provisions – Marketwatch
‘Optimistic’ Democrats vow to stay in D.C. until coronavirus deal reached – Reuters
Bank of England holds interest rates – Marketwatch
COVID-19 vaccine approval could stall tech stocks boom: Goldman – Reuters
ING reports 542 mln euros in Q2 pretax profit, on 1.34 bln euros in loan provisions – Reuters
Adidas predicts profit rebound after pandemic hit – Reuters
Adidas swings to loss on 35% sales fall – Marketwatch
Siemens profit nearly halved – Marketwatch
Insurer AXA drops 2020 earnings guidance, will not make additional payout in 2020 – Reuters
Hong Kong and China stocks fall as US expands its campaign against ‘untrusted’ Chinese apps; Tencent tumbles – scmp




Wednesday 08/05

Gold hits new record high over $2,000 per ounce – business live – guardian
5 things to know before the stock market opens on Wednesday – cnbc
U.S. job market recovery appears to be slowing, services sector powering ahead – Reuters

Bank of America: Silver Could Hit $50 “In The Near Term” – Zerohedge
What a falling dollar means for stocks — sector by sector – Marketwatch
BofA Downgrades Apple To Neutral, Cites Risks And Valuation Concerns – Zerohedge
ISM Services Smashes Expectations On Record High New Orders, But Employment And Trade Collapse – Zerohedge
ADP Employment Huge Miss: Just 167K Jobs Added, Below 1.2 Million Expected But June Revised Massively Higher – Zerohedge
Teladoc and Livongo Health to merge in deal valued at $18.5 billion – Marketwatch
Semiconductor Sales “Roughly Flat” In First Half, Stoking Valuation Concerns – Zerohedge
Euro zone retail sales return to pre-pandemic levels – Reuters
Here’s why the massive explosion in Beirut will deepen Lebanon’s financial nightmare – Marketwatch
Honda sees 68% drop in annual profit as coronavirus slams car sales – Reuters
Eurozone PMI signals fastest growth in over two years – markit
GERMAN Business activity rebounds strongly in July – markit
BMW swings to €230 million loss – Marketwatch
Allianz reports 29% profit decline – Marketwatch
Asian markets mixed after report that U.S., China will meet to talk trade – Marketwatch
China services sector gauge drops off in July – Marktwatch




Tuesday 08/04

Business Live – guardian

White House, Democrats agree to try to reach coronavirus-aid deal by week’s end – Marketwatch
Disney shakes up streaming approach after losing nearly $5 billion due to pandemic – Marktwatch
The Fed is expected to make a major commitment to ramping up inflation soon – cnbc
GOP expects Senate to be in session next week without coronavirus deal – thehill
Dollar Resumes Slide Taking Cue from Yields – bk
Unemployment debate sparks GOP divisions – thehill
Democrats Up Stimulus Demand To $3.4 Trillion In Odd Negotiating Tactic – Zerohedge
Here’s where things stand on the extra $600 a week in unemployment benefits that expired on Friday – Marketwatch
AMD stock surges to new record on road to $100 billion market cap – Marketwatch
“No V” – US Factory Orders Rebound Slows In June – Zerohedge
How acquiring TikTok could hurt Microsoft – Marketwatch
Why Gold $3000 Is Next: Bank Of America’s Full ‘Must Read’ Client Call Transcript – Zerohedge
Kodak’s stock tumbles again, after disclosure that investors have converted debt into nearly 30 million common shares – Marketwatch
These companies have been hit hard as coronavirus causes earnings to plunge – Marketwatch
Germany’s car industry shows initial signs of recovery: Ifo – Reuters
Gold prices surge midday Tuesday to reach an intraday record above 2,013; Silver jumps nearly 5% – Marketwatch
BP slashes dividend in half after $16.8 billion loss – Marketwatch
Diageo holds dividend while profit slumps – Marketwatch
Infineon Technologies swings to loss – Marketwatch
Bayer reports $11.2 bln loss on Roundup costs – Marketwatch
Xiao Jianhua’s Tomorrow Group duped Baoshang Bank out of US$22 billion in loans, triggering Chinese lender’s collapse, PBOC says – SCMP



Monday 08/03

Business Live – guardian
Stocks making the biggest moves in the premarket: ADT, Google, Clorox, Eli Lilly, Marathon Petroleum & more – cnbc

With Paycheck Protection Program loan money gone, thousands of restaurants at risk of closing again amid COVID-19 – usatoday
Democratic leaders report ‘some progress’ in talks with White House – thehill
This Is “Unsustainable”: Why Even Bullish Morgan Stanley Sees An Imminent Market Correction – Zerohedge
US Manufacturing PMI “Worryingly Weak” As ISM Spikes To 16-Month Highs – Zerohedge
Google to buy a 6.6% stake in ADT in home security push – cnbc
Eurozone manufacturing economy returns to growth in July – markit
German factories post first growth in activity since Dec 2018: PMI – Reuters
GERMANY: PMI at 51.0 in July as new orders rebound sharply – markit
HSBC profit slumps 77% in first half – Marketwatch
Silver Just Had Its Best Month In 40 Years: Here Are July’s Best And Worst Performing Assets – Zerohedge
Heineken cautious on outlook after June pick-up – Reuters
Heineken won’t pay dividend after first-half loss – Marketwatch
Key Events In The Coming Week: Payrolls, PMIs And (Lack Of) Profits – Zerohedge
Asian markets mixed as growth data offsets fears – ap
China’s manufacturing activity surges in July – Marketwatch
This Week in Earnings 20Q2 | Jul 31 – lipperalpha