TOP MARKETS NEWS: Week 10/01 – 10/07

Weekend 10/06 & 10/07

China cuts some banks’ reserve requirements to spur growth – cnbc
With few takers on the property market, jittery individual owners cut prices by up to HK$800,000 – scmp
Former Fed Governor Warns Of “Several Decade Cold War” With China – Zerohedge
Europe’s Junk Bond Bubble Has Finally Burst – Zerohedge
The Fed’s QE Unwind Reaches $285 Billion  – Zerohedge
The US Spent A Record $523 Billion On Debt Interest In Fiscal 2018 – Zerohedge
The “VaR Shock” Is Back: Global Bonds Lose $880 Billion In One Week – Zerohedge




Friday 10/05

Business Live – guardian

US Consumer Credit Hits All Time High As Credit Card Usage Jumps – Zerohedge
Why The Speed Of Rising Yields Is What Matters For Stocks – Zerohedge
‘Prepare for the worst’ from US-China trade war, Hong Kong commerce minister Edward Yau warns – scmp
S&P Breaks Critical Technical Support, Below January Highs – Zerohedge
We Have Entered The Zone When Yields Trigger Market Selloffs – Zerohedge
US trade deficit widens to $53 billion as soybean exports plummet amid China trade battle – cnbc
Payrolls Miss Due To Hurricane But Revisions Surge; Unemployment At 48 Year Low – Zerohedge
Rising rates are not all good news for US banks – ft

Brazil Investors Warm Up to Strongman as Presidential Vote Nears – Bloomberg

BNP Paribas Asset Management goes short U.S. tech stocks – Reuters

Emerging market stocks face further selling after sharp slide – ft

Danske Bank memo shows how Russians moved money – ft

Could the Normal Rate of Interest Be Moving Back Up? – Bloomberg



Thursday 10/04

Business live – guardian

JPMorgan Downgrades China Stocks, Forecasting “Full-Blown Trade War” – Zerohedge
Bund Curve Flattens, Euro Jumps On Report ECB Considering “Twist-Like” Operation – Zerohedge
Greece Considers Bank Bad-Loan Plan After Stock Rout – Bloomberg
Copper demand to surge thanks to China’s global ambitions, BHP says – telegraph
Five Things You Need to Know to Start Your Day – Bloomberg
China’s Holiday Week Only Gets Worse as Stocks Slump With Yuan – Bloomberg




Wednesday 10/03

Italy budget row ‘breakthrough’ boosts markets – business live – guardian

JPMorgan Sees ‘Full-Blown Trade War,’ and China Stock ETF Sinks – Bloomberg
WTI Tumbles On Biggest Crude Build In 19 Months – Zerohedge
4 Reasons Why the Dollar’s Incredible Rally Can Last – bk
US Services Economy Slumps To 8-Mo Lows Or Explodes To 21-Year High – Zerohedge
ADP Employment Rebounds To 7-Month Highs In September – Zerohedge

German Services output growth accelerates to eight-month high in September – markit

Five Things You Need to Know to Start Your Day – Bloomberg
Aston Martin shares fall on stock market debut – bbc
“Shocking” Turkish Inflation Hits 15 Year High, Unleashing Stagflationary Shockwave; Lira Plunges – Zerohedge
Italy budget concession hopes switch risk sentiment back on, boost euro – Reuters
A shift in focus from Shinzo Abe could mean the days of ultra-easy monetary policy in Japan may soon be numbered – businessinsider



Tuesday 10/02

Oil price at four-year high as Iran sanctions loom – business live – guardian

Stocks Dip After Hawkish Powell Comments – ZeroHedge
Italy scares markets and Europe, again, with new calls to leave the euro – cnbc

The inventor of the world wide web just launched his vision for an alternative web, and his timing was impeccable – businessinsider
Amazon Raises Minimum Wage for All U.S., U.K. Employees – Bloomberg
Recession risk is ‘below average’ for the next three years, Goldman says – cnbc
Hong Kong stocks post biggest daily fall in a month as weak China manufacturing data fuels fears of a slowdown – scmp
U.S. oil hits four-year peak ahead of sanctions on Iran – Reuters
The RBA’s latest interest rate meeting must have been quick – businessinsider



Monday 10/01

Japanese Nikkei hits 27-year high as markets cheer Nafta deal – business live – guardian

More money-losing companies than ever are going public, even compared to the Dotcom bubble – cnbc
ISM manufacturing index in September falls slightly on concerns over tariffs, supply issues – Marketwatch

How Leveraged Loans Are (and Aren’t) Like Junk Bonds – Bloomberg
AMD stock cut to neutral at Baird as analyst predicts ‘limited-near term share gains’ in PCs – Marketwatch
History suggests the S&P 500 is about to begin its strongest stretch of the year – cnbc
China September factory growth grinds to a halt as export orders tumble: Caixin PMI – Reuters
U.K. Plans Irish Border Compromise to Unlock Brexit Deal – Bloomberg
OPEC ‘powerless to prevent’ oil prices jumping toward $100 a barrel this year – cnbc
The Best And Worst Performing Assets In September, Q3 And YTD – Zerohedge
Your Central Bank Can’t Save You Next Time – Bloomberg
GE Ousts Flannery, Names Lawrence Culp Chairman and CEO – Bloomberg
Danske Bank’s $235 billion money laundering scandal isn’t going away – businessinsider
Eurozone jobless rate nears decade-low in August – Marketwatch
US Treasury yields jump as US and Canada secure new deal to replace NAFTA  – cnbc

Markit Eurozone Manufacturing PMI – final data: Slowest growth of manufacturing sector for two years – markit
German Manufacturing PMI sinks to 25-month low as exports fall the most in over five years – markit
Six months before Brexit, the UK government is attacking the EU – cnbc
President Trump says it is ‘too early’ for trade talks with China to restart – cnn
German retail sales unexpectedly slip in August – ft
Tesla shares surge over 15 percent after SEC settlement – cnbc
Everything you need to know about Italy’s budget crisis – which threatens to trigger a major market meltdown – businessinsider
How is Donald Trump’s USMCA deal different from Nafta? – ft
Trump gets trade win with new NAFTA deal – politico