TOP MARKETS NEWS: Week 09/24 – 09/30

Weekend 09/29 & 09/30

China’s manufacturing weakens amid US tariff battle – scmp
JPMorgan Sees Full-Blown US-China Trade War In “New Baseline”; Could “End US Stock Market Rally” – Zerohedge
Hedge Funds Suffer First Quarterly Outflows Since 2016 – Zerohedge
“The Situation Is Chaotic” – Hundreds Dead, Dozens Missing After Devastating Tsunami Hammers Indonesia – Zerohedge



Friday 09/28

Brexit ‘fatigue’ weighs on UK businesses and consumers – business live – guardian
Friday Morning Briefing – Reuters

Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers – Zerohedge
Chicago PMI Disappoints As Economic “Reality Gap” Reaches 11-Month Highs – Zerohedge
Trillion-Dollar Deficit? Whatever, Says New Washington Consensus – Bloomberg

Fed’s Treasury and securities holdings fall below $4 trillion for the first time in 4 years – cnbc

Euro-Area Inflation Rate Climbs Above 2 Percent on Energy Prices – Bloomberg
Italian markets are taking a hammering after its populist government agreed an EU-defying budget – businessinsider
A new S&P 500 sector is set to debut: Here’s what investors need to know – Marketwatch
Indonesia hikes rates again to defend its currency, but analysts see further weakness – cnbc
Japan’s Nikkei 225 just closed at the highest level in decades – businessinsider



Thursday 09/27

Markets digest Fed rate hike as Argentina gets $57bn IMF bailout – business live – guardian

Final Q2 GDP Estimate At 4.2%, Strongest In 4 years – Zerohedge
Durable Goods Headline Beat Hides Disappointing Slump In Business Spending – Zerohedge
JP Morgan gives Apple a new buy rating due to its transformation into a services company – cnbc

These are the world’s biggest property bubbles as ranked by UBS – cnbc

Euro-Area Economic Confidence Slides as Global Risks Increase – Βloomberg
China’s drive for global market integration nabs ‘soft power’ victory – asianikkei


Wednesday 09/26

Investors poised for US rate hike – business live – guardian

Tesla’s stock falls 12% after SEC sues Elon Musk – cnn
IMF increases Argentina bailout package to $57 billion – cnbc
Strong corporate profits have fueled the market — here’s a warning that could be coming to an end – Marketwatch
Buffett’s China Car Bet Rakes in $1.3 Billion in a Decade – Bloomberg
Public pensions are paying higher fees for lower returns, Pew study finds – cnbc
Your Money: What another U.S. interest rate rise means for you – Reuters
Fed still expects one more rate hike in 2018, three for 2019 – cnbc

New Home Sales Disappoint Despite Home Price Drop, Inventory Surge – Zerohedge
Companies are warning about declining profits, which could mean trouble for this bull market – cnbc
Revenge of Real Rates: 2018 Poised for Worst Returns in a Decade – Βloomberg

Insider Selling Soars: Fastest Pace Of September Sales In Past Decade – Zerohedge

Ahead of expected Fed rate hike, Wells Fargo urges investors to reduce risk to safeguard gains – cnbc
China To Cut Import Tariffs On Some Goods Starting November 1 – Zerohedge
Germany reduces debt to lowest level since 2011 – Reuters

Tesla Supplier Ganfeng Lithium Seeks $676 Million in Share Sale – Βloomberg

Macroeconomic implications of increasing protectionism – europa

ITI: Be prepared for a dovish interest rates announcement by the US Federal Reserve – businessinsider
MSCI weighs boosting China exposure in key EM index – ft
MSCI considers increasing Chinese share weight in its indexes – Reuters
The commodities set to boom or bust in the years ahead, in one chart – businessinsider
Global companies begin to hike prices as trade war sinks in – asianikkei
Here are all the assets you wish you’d bought or sold at the start of 2018 – businessinsider
The departure of Instagram’s founders is bad for Facebook — but it could be even worse for the rest of us – businessinsider
US Traffic Volume Declines For The First Time In 4 Years – Zerohedge



Tuesday 09/25

Business Live – guardian
Instagram founders out; Nike earnings; Versace on the block – cnn

Nobel Prize winner Robert Shiller says this is a ‘risky time’ in the market – cnbc
Market Now Expects Fed To Keep Hiking Rates Through 2020 – Zerohedge

Stock Market Bulls in India Have Quickly Gone Missing – Bloomberg
ETF Investors Are Buying Treasuries and Dumping Junk Bonds – Bloomberg
“The Slowing Is Widespread” – US Home Price Growth Slowest In 11 Months – Zerohedge
How Long Before China’s Exports Are Hammered By Trade War – Zerohedge
Waiting for ESTER: the road ahead for interest rate benchmark reform – europa
Rising oil prices fuel fears of damage to global economy – guardian
Full-blown trade war would cost jobs, growth and stability: WTO’s Azevedo – Reuters
Stock market reality check: Why your 2018 investment statement gains are misleading – cnbc

BMW warns 2018 profits to fall – ft
FTSE Russell Said to Announce China A-Share Inclusion This Week – Bloomberg
Michael Kors takes over fashion icon Versace in $2 billion deal – Reuters
Stock Market Bulls in India Have Quickly Gone Missing – Bloomberg
Dwindling China Margin Debt Shows Traders Skeptical of Rebound – Bloomberg
ates rise as Fed set to begin two-day meeting; 10-year Treasury yield hits highest since May – cnbc
Praet Plays Down Draghi’s Inflation Comments; Euro Whipsaws – Bloomberg

Danske: anatomy of a money laundering scandal – ft



Monday 09/24

China accuses US of ‘trade bullyism’ as tariffs kick in – business live – guardian

What Will Trigger The Next Oil Price Crash? – Zerohedge
With Fed set to raise rates again, other central banks sound ready to end the easy money, too – cnbc

What Happens To Markets If Republicans Lose Control Of Congress?  – Zerohedge

Stocks slip after China cancels trade talks with the US – cnbc
American Credit Scores Hit a Record High – Bloomberg
Bull market heads into fourth quarter at highs – cnbc

Euro rises sharply as ECB’s Draghi views tighter labor market – cnbc

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – europa
U.S. economy helped by factories in late summer, Chicago Fed index shows  – Marketwatch

A new S&P 500 sector is set to debut: Here’s what investors need to know – Marketwatch

E.ON and Equinor’s $1.41 billion offshore wind farm sends first electricity to grid – cnbc

Commentary: Hedge funds, smelling Brexit blood, circle sterling – Reuters

Risk Rally Wipes Out $1 Trillion of Negative-Yielding Debt – Bloomberg
SiriusXM To Buy Pandora, Creating World’s Largest Audio Entertainment Company – Zerohedge
Micron is having its worst month in over two years, and some see the pain intensifying – cnbc
Canada’s Barrick Gold to buy Randgold Resources in $18.3 billion dea l- Reuters
One Currency Will Reap the Benefits of the U.S.-China Trade Spat, Deutsche Bank Says – Bloomberg
Michael Kors to take control of Italy’s Versace – sources l- Reuters
Tracker funds in the balance amid sector reclassifications – ft

Fed hikes give cash appeal; stocks no longer only game in town – et
Key Events This Week: Trade War, Fed, Italy Budget, Durables, Inflation – Zerohedge
Ifo economist says effects of tariffs on real economy are small for the time being – forexlive
Iran’s latest terrorist attack matters more than OPEC’s latest meeting, RBC’s Croft says – cnbc
Oil jumps 2 percent as market tightens, more gains seen – Reuters

There’s been a big new buyer of US government bonds in 2018 – Marketwatch
The valuation gap between US stocks and those in the rest of the world is now at the highest level on record – Marketwatch
China says U.S. trying to bully it into submission as fresh tariffs kick in – Reuters
US futures come under pressure, as fresh trade tariffs take effect – cnbc
Hong Kong’s Surging Dollar Sends a Warning on Housing Market – Bloomberg
Hong Kong money rates soar to decade high ahead of Fed rate meeting for September – scmp
Goldman Finds Index Flows Cause Imbalances Investors Can Exploit – Bloomberg
Goldman Sachs’ top trades for 2018 have been an unmitigated disaster – forexlive
Perma-bear Albert Edwards warns stocks have ‘drunk the Kool-Aid’ as recession looms – Marketwatch