TOP MARKETS NEWS: Week 09/02 – 09/08

Weekend 09.07 & 09.08

 

Traders Keep Half an Eye on CPI With Jobs Fear the New Inflation – bbg

Fed Must Decide If Quarter-Point Cut Will Be Enough for Workers – bbg


Friday 09.06

Business Live – guardian
Wall Street Traders Suddenly Converge on Economic Hazards Ahead – bbg

Dell, Palantir and Erie Indemnity to Join S&P 500 – Reuters
Stocks sink, with Bonds & Dollar bid as payrolls move fades in risk off trade – Newsquawk US Market Wrap
Stocks Pump And Dump After Waller Advocates For “Front-Loading” Rate Cuts, But Timiraos Intervenes To Hawk Things Up – Zerohedge
S&P 500 tumbles Friday to post worst week since 2023, Nasdaq drops 2% for worst weekly performance since 2022 – cnbc
Goldman Reveals Shocking Collapse In Visits To Chat-GPT Website – Zerohedge
Stocks making the biggest moves midday: Intel, Nio, Super Micro Computer and more – cnbc
European Stocks Suffer Worst Week Since March 2023 on Jobs Scare – bbg
Fed’s Waller Says Jobs Data ‘Requires Action,’ Open to Big Cut – bbg

US PREMARKET
Fed’s Williams Says Now Appropriate to Lower Interest Rates – bbg
Newest Jobs Data Fail to Resolve Fed Debate Over September Cut – bbg
US Hiring Comes Up Short in Possible Warning Sign for Fed – bbg
June Payrolls Miss But Unemployment Rate Declines, Pulling Back From “Sahm Recession” Trigger As Wages Unexpectedly Rise – Zerohedge

August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2% – cnbc
Futures Slide Ahead Of Critical Jobs Report – Zerohedge
Short Sellers Circle Volvo Car, Porsche on China Trade Spat Risk – bbg
U.S. rolls out new chip-related export controls as China makes industry advances – cnbc
Europe stocks record another negative start as U.S. data drags down sentiment – cnbc

Asia-Pacific markets mostly fall as Japan spending misses expectations; Hong Kong closes due to typhoon – cnbc


Thursday 09.05

Business Live – guardian

Stocks making the biggest moves after hours: Broadcom, DocuSign, UiPath and more – cnbc
Broadcom reports robust Q3 revenue growth, ups Q4 outlook – investing
Dollar drops, while Stocks & Bonds chop ahead of payrolls Friday – Newsquawk US Market Wrap
European Shares Slip on Growth Jitters; French Stocks Lead Decline – Reuters
Stocks Fade Ahead Of Payrolls As Bonds, Oil Convinced Hard-Landing Is Inevitable – Zerohedge
Dow falls 200 points, S&P 500 posts third straight loss as growth fears plague investors – cnbc
The Yield Curve Is Disinverting. Why Should I Care? – bbg
JPMorgan top economist says the Fed should cut rates by a half point this month – cnbc
Stocks making the biggest moves midday: JetBlue, Hewlett Packard Enterprise, Tesla, G-III Apparel and more – cnbc
Amazon nears major deal to broadcast NBA, MLB and NHL games on Prime streaming: sources – NYP
Verizon’s $9.6 Billion Bid for Frontier Expands Broadband – bbg
Cash Could Stay Attractive for Months Despite Rate Cuts, JP Morgan Says – Reuters
European Stocks Slip as Growth Worries Weigh Ahead of Jobs Data – bbg
US Election a Top Global Risk But Tricky to Forecast, BofA Says – bbg
S&P 500 Earnings Hinge on Trump, Harris Tax Plans, Goldman Says – bbg
US Services Surveys Confirm “Baffle ‘Em With Bull$hit” Season Is Back… – Zerohedge
US Service Sector Steady in August; Employment Cooling – Reuters
US Services Activity Expands at Modest Pace for Second Month – cnbc

US PREMARKET
Stocks making the biggest moves premarket: C3.ai, Tesla, JetBlue and more – cnbc
ADP Employment Report Weakest Since Jan 2021 – Zerohedge
US Private Payrolls Post Smallest Increase in 3-1/2 Years in August – Reuters
August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says – cnbc
Jobless Claims Data Refuses To Accept ‘Hard Landing’ Scenario… – Zerohedge
Futures Flat Ahead Of Key Data As Global Market Rout Eases – Zerohedge
Saudi Arabia’s fiscal breakeven oil price is rising fast. What will the kingdom do about it? – cnbc
German Economy Set to Stagnate This Year, Ifo Institute Says – Reuters
Europe stocks mixed after three straight declines; U.S. jobs data in focus – cnbc

Asia-Pacific markets mixed after Wednesday’s sell-off; Nikkei drops after Japan pay data – cnbc


Wednesday 09.04

BusinessLive – guardian
Rates Spark: US 2’s and 10’s touch 3.75% – ing

Stocks making the biggest moves after hours: C3.ai, Topgolf Callaway, Verint Systems and more – cnbc
HPE Reports Disappointing Margins on AI Server Business – bbg
Hewlett Packard Enterprise falls in afterhours despite lifting annual guidance – investing
Dollar drops and bonds pop after JOLTS falls beneath forecasts – Newsquawk US Market Wrap
Hard-Landing Panic Leads To First Yield Curve Disinversion In Two Years, As Nvidia Plunge Continues – Zerohedge
Wall Street Ends Slightly Down After Weak Labor Market Data, Dovish Fed Comments – Reuters
S&P 500 books back-to-back losses as Wall Street grapples with a rocky start to September – cnbc
Goldman’s Rubner Sees Potential Correction If Jobs Data Is Weak – bbg
Ugly Beige Book Reveals Economic Activity “Flat Or Declining”, Consumer Spending Slowing In Most Districts – Zerohedge
US Firms See Weaker Employment Growth as Economy Slows, Fed Survey Shows – Reuters
US Steel Warns Thousands Jobs at Risk Without Nippon Steel – bbg
Stocks making the biggest moves midday: Dollar Tree, GitLab, Zscaler and more – CNBC
Technology Stocks Lead European Shares Lower as Growth Worries Weigh – Reuters
Tech Leads Slide in European Stocks on Global Economy Jitters – bbg
Qualcomm ramps up challenge to Intel and AMD with latest AI PC chip – CNBC
Catastrophic JOLT: Job Openings Crater To Lowest Since 2021 As Data Manipulation Fails – Zerohedge
US Job Openings Decline to Lowest Level Since January 2021 – bbg
US Job Openings Fall to 3-1/2-Year Low in July – Reuters
Job openings fell more than expected in July in another sign of labor market softening – CNBC
US Factory Orders Beat Expectations in July – Reuters
Bank of Canada Cuts Rates For Third Consecutive Month, Says “Expect Further Cuts” – Zerohedge

US PREMARKET
US Futures Slide, As Global Market Rout Extends For Second Day – Zerohedge

Stocks making the biggest moves premarket: Nvidia, GitLab, Sweetgreen, Dollar Tree and more – cnbc
First Dollar General, Now Dollar Tree Shares Plunge As Both Discount Retailers Warn Of Core Customer Under Pressure – Zerohedge
Explainer-Volkswagen Law: the Unique Structure Behind the German Carmaker’s Labour Clash – Reuters
Euro Zone August Business Activity Gets Olympic Lift, PMI Shows – Reuters
Growth in German Services Sector Loses Momentum in August, PMI Shows – Reuters
German Trade Group Sounds Alarm as Exporters Stare Down Recession – Reuters
Long-Time Bull Bails on ASML, Warning AI Potential Overhyped – bbg
British luxury icon Burberry dropped from UK’s FTSE 100 stock market index – CNBC
European markets head for sharp fall at the open following declines on Wall Street – cnbc

Nikkei and Taiex plunge 4%, leading losses in Asia after Wall Street plummets on weak U.S. data – cnbc
China’s Earnings Setback Sows Fresh Doubts About Stock Rebound – bbg
China Services Expansion Cools in New Sign of Economic Weakness – bbg
Foreigners Retreat From Asian Equities on Doubt Over Tech Valuations – Reuters
Taiwan Stocks Hit By Record Foreign Outflow as AI Trade Sours – bbg
China Stocks Listed in US Near Cheapest Ever Versus Nasdaq Peers – bbg

Stocks Tumble Most Since August Selloff, Oil Slips: Markets Wrap – bbg


Tuesday 09.03

Business Live – guardian

Nvidia Gets DOJ Subpoena in Escalating Antitrust Probe – bbg
Adding Insult To Margin Calls, Nvidia Receives DOJ Subpoena Making Record Price Drop Even Worse – Zerohedge
Major Indexes Drop on September Worries, Upcoming Data – Reuters
Semis Slaughtered As September Starts Off With Carnage Everywhere – Zerohedge
Dow closes 600 points lower to begin September, S&P 500 drops 2% – cnbc
Carry Trades: How They Work And Why They Rocked Global Markets – bbg
Stocks making the biggest moves midday: Cleanspark, Vaxcyte, Unity Software and more – cnbc
Boeing’s Cash Flow Goal to Be Delayed, Says Wells Fargo as It Downgrades Stock – Reuters
Boeing Shares Slump as Wells Fargo Cuts to Rare Bearish View – bbg
Corporate America Has a Revenue Problem: McGeever – Reuters
Oil Tumbles Below $75, Erasing All 2024 Gains On Hopes Of Libya Production Restart – Zerohedge
U.S. crude oil falls nearly 4%, erases 2024 gains with supply poised to rise as demand falters – cnbc
Intel’s Dow Status Under Threat as Struggling Chipmaker’s Shares Plunge – Reuters
The Fed’s interest rate cut will be good for stocks — but this strategist is still worried – quartz
Patience needed in the AI buildout – blackrock
Germany to Sell Down Commerzbank Stake After Share Rally – bbg
European Shares Fall as US Data Rekindles Growth Worries – Reuters
European Stocks Decline as US Data Adds to Concern on Economy – bbg
US Manufacturing ISM Signals Accelerating Stagflation As PMI Turns Downright Apocalyptic – Zerohedge
US Manufacturing Mired in Weakness; Construction Spending Falls – Reuters
US Manufacturing Activity Contracts for a Fifth Straight Month – bbg
Weak manufacturing measures raise specter of U.S. economic slowdown – cnbc
Tesla’s China Sales Have Best Month of the Year in August – Reuters
Shares Of US Steel Melt After Kamala Harris Opposes Nippon’s $15BN Buyout Deal – Zerohedge

US PREMARKET
Record Annual ETF Cash Haul Within Reach After Sizzling August – bbg

Intel considering strategic options- What’s the impact on Taiwan Semi? – investing
Stocks making the biggest moves premarket: United States Steel, Unity Software, Boeing and more – cnbc
Futures Slide As US Returns From Holiday And Data Deluge Looms – Zerohedge
Futures drop as markets brace for data-heavy week – Reuters
Factbox-Which Volkswagen Factories in Germany Could Be Affected by Layoffs? – Reuters
Volkswagen braces for showdown with unions after warning of possible German plant closures – cnbc
Hungary Is First Central Bank To Pause Rate Cuts As Inflation Suddenly Jumps – Zerohedge
European markets head for positive open after lackluster start to September trading – cnbc

Asia-Pacific markets mostly fall after South Korea’s inflation rate hits 42-month low – cnbc

 


Monday 09.02 – US Mkts Closed (Labor Day)

Business Live – guardian
These Were The Best And Worst Performing Assets Of August, And YTD – Zerohedge
Harmony Gold Says Profit Soared 78% on Higher Output and Prices – bbg

Global Markets Slump, China Tumbles To 7 Month Low, In Ugly Start The Worst Month Of The Year – Zerohedge
European Stocks Steady as Rightmove M&A Talks Boost Real Estate – bbg
JPMorgan’s Matejka Says Stocks Risk Stalling Even With Rate Cut – bbg
Volkswagen Considers Historic German Plant Closures in Cost Drive – Reuters
Euro Zone August Factory Activity Stuck in a Rut, PMI Shows – Reuters
Downturn in German Manufacturing Accelerates, PMI Shows – Reuters
Norway’s Electric-Car Sales Climb to a Record, Taking 94% Share – bbg
Germany’s Populist Surge Puts Nation’s Climate Momentum at Risk – bbg
‘Stars Are Aligning’ for UK Property Stocks, Morgan Stanley Says – bbg
Key Events This Week: Payrolls, JOLTS, ISM And Fed Speakers Galore – Zerohedge
European markets expected to start the week on an unsettled note in mixed territory – cnbc

Asia markets fall after China manufacturing slumps to 6-month low; real estate drags Hang Seng index – cnbc

 

German far-right party wins its first state election and is very close in a second – cnbc