TOP MARKETS NEWS: Week 10/22 – 10/28

Weekend 10/27 & 10/28

Merkel’s leadership in doubt after another setback in German regional election – Marketwatch
IBM to acquire software company Red Hat for $34 billion – Reuters

IMF Approves Upsized $56.3BN Bailout Loan For Argentina: Here Are The Implications – Zerohedge



Friday 10/26

US tech disappointments dampen market recovery as investor jitters mount – business live – guardian

These US tech giants lost billions in value during this week’s market sell-off – foxbusiness
Global Bloodbath: World Stocks Puke Over $8 Trillion As US Markets Collapse – Zerohedge
U.S. economic growth slows less than expected in third quarter – Reuters
China says it will do battle with speculators betting against its currency – cnn
China is minting a billionaire every three days as tech boom unlocks ‘stealth wealth’ – businessinsider
Drop everything else, it’s only about USDCNY 7.00 – saxo
Gilt Bulls Unfazed by End to Austerity as Borrowing Seen Falling – Bloomberg
There’s a major reason for this stock sell-off that people are missing and it’s only getting worse – cnbc
China’s $35 Trillion Problem: Managing Financial Assets Is Hard – Bloomberg
China, Japan to forge closer ties at ‘historic turning point’ – Reuters
Asia stocks, S&P futures slide as investors flee risk amid growth fears – Reuters
China’s state-owned car maker gets a huge lifeline but what about private firms? – scmp



Thursday 10/25

Business Live – guardian

Intel avoids chip swoon — for now – Marketwatch
The red hot ‘FAANG’ trade is officially over, now bet on your fellow ‘MAAN’ – cnbc
Alphabet misses Wall Street revenue estimates; shares fall  – Reuters
Amazon slides on Christmas sales slowdown – bbc
Gundlach: The corporate bond market is going to get much worse – citywireusa

Analyst Erupts At Tesla: “They Used Every Trick From Every Fraud To Put Lipstick On Q3 Results” – Zerohedge

US durable goods orders edged up a modest 0.8% in Sept – cnbc

Twitter is making more money with fewer users – cnn
Former Fed Chair Janet Yellen Has a New Warning About the Economy – fortune
Bunds Drop, Euro Rises As Draghi “Not Dovish Enough” – Zerohedge
The Wall Street analyst who called this stock-market rout sees another nasty drop for the S&P 500 – Marketwatch
US Goods Trade Deficit Hits Record High (Don’t Tell Trump) – Zerohedge

Hedge Funds’ Secret Ties to Pollsters Examined by U.K. Regulator – Bloomberg
Core Durable Goods Stagnate But War Spending Surge Saves Headline – Zerohedge
U.S. tariffs on China worsen housing affordability crisis – xinhuanet
ECB To End QE In December, Will Keep Rates Unchanged “As Long As Necessary” – Zerohedge
China’s currency nears key level in late-day drop – ft
Why the Dow tumbled 600 points and the Nasdaq fell into correction territory for the first time in 2 years – Marketwatch
There’s a Tax Ax Poised to Fall on China’s Wealthy – Bloomberg
Two funds of China’s “national team” liquidated A shares in Q3 – yuantalk
Tesla delivers ‘historic’ $311m profit – bbc



Wednaesday 10/24

Federal Reserve under fire as Trump renews attack on chairman Powell – business live – guardian
Five Things You Need to Know to Start Your Day – Bloomberg

Microsoft rises on earnings beat, but Azure growth slows – cnbc
Dow tumbles 600 points, erases gains for the year as October swoon continues – cnbc

The Nightmare Scenario: JPMorgan Warns Of $7.4 Trillion In ETF Selling During Next Downturn – Zerohedge
Beige Book: Tariff Panic, Widespread Labor Shortages And “Robots”  – Zerohedge
China wants to stop buying American soybeans entirely – cnn
Economic Cycles & Stock Price Corrections – ecri
Stocks could fall another 10 percent before finding a bottom, Piper Jaffray technician says – cnbc
Volkswagen Tumbles After Slashing Outlook For Chinese Auto Demand – Zerohedge
New Home Sales Crash In September As Supply Soars – Zerohedge
US PMIs Bounce In October As Cost Inflation Hits 5Y Highs – Zerohedge

Charting China’s declines – ft
Investors Redeem $15BN From Hedge Funds In September As Outflows Accelerate – Zerohedge
Boeing raises guidance as plane sales swell – Reuters
70% Of S&P 500 Stocks Are Already In A Correction  – Zerohedge
Nuclear Weapons – Bloomberg
Global primary aluminum market moving towards deficit: Hydro – spglobal

Eurozone PMI: Business growth slowest for over two years, optimism hits four-year low – markit

German business activity growth slows to near three-and-a-half year low in October – markit

Deutsche Bank income falls 65%, sees profits ahead – Marketwatch

Slump persists, China fails to stimulate markets hobbled by pledged shares – Reuters

Asia stocks find solid footing, build on late comeback in U.S. markets – Marketwatch
Commentary: Global economy is running out of momentum – Reuters



Tuesday 10/23

Markets fall as a ‘thick blanket of risk’ shrouds investors – business live – guardian 

Hedge fund manager Kyle Bass: Dire financial straits in China give Trump major leverage on trade – cnbc
Surging rents are driving a wedge through German society – handelsblatt
Stocks making the biggest moves after hours: Texas Instruments, iRobot, Barnes & Noble and more – cnbc

Caterpillar’s shares tumble on disappointing profit outlook – Reuters
With homebuilding stocks down 40%, investors hope Fed gets the message and slows rate hikes – cnbc
Italy Is in Trouble. Here’s Why the World Should Care – nyt
Goldilocks Has Abandoned Stock Markets – Bloomberg
Cannabis Stocks Aren’t Just Plunging, They’ve Already Fallen Into Bear Market Territory – fortune
Trade war sinks the Dow – cnn
Asian shares buckle to Saudi anxieties, Italian budget rows – Reuters
Threats of US sanctions could accelerate a Saudi shift eastward – cnbc
Chinese regulators dole out cash to private firms in drive to stop market meltdown – scmp




Monday 10/22

Business Live – guardian

Trade war will lead to substantial slowdown in the U.S. economy by 2019 say economists – nbcnews
Here’s what Goldman Sachs is telling investors to do going into midterm elections – cnbc
Here’s why Italian bonds rallied after Moody’s downgrade – Marketwatch
etflix Announces $2BN Junk Bond Offering, Enough To Fund Two Quarters Of Cash Burn – Zerohedge
Bundesbank Says German Growth Likely Stalled in Third Quarter – Bloomberg
Key Events This Week: ECB, GDP And Earnings Avalanche – Zerohedge
7 Reasons Why Goldman Believes Professional Investors Are Now Bailing On The Market – Zerohedge
Exports Keep China’s Economy Warm, but Winter Is Coming – hellenicshippingnews
Big stock rally in China bolsters markets across Asia – Marketwatch
A 10% Drop In Stocks Would Send GDP Sharply Lower In 2019, Goldman Finds – Zerohedge