TOP MARKETS NEWS: Week 11/16 – 11/22

November 16, 2020
  

Weekend 11/21 & 11/22

BoA on the factors needed for gold to trade higher (& forecasts for XAU & XAG) – forexlive
Why Wall Street’s “Most Accurate Analyst” Expects Another Market Correction Before Year-End – Zerohedge
In Photos: Americans wait at food banks before Thanksgiving – axios
The Global Cost Of The COVID Pandemic – Zerohedge
Struggling Retailers Owe $52 Billion In Overdue Rents – Zerohedge
U.S. vaccine program head says first Americans could be vaccinated on December 11: CNN – Reuters
FX weekly: Is Mnuchin right or wrong? – nordea
Growing Food Bank Lines Across America Signal Economic Crisis Far From Over – Zerohedge
Goldman Capitulates On “Major” Stimulus, Now Sees Just $700BN Fiscal Aid In Early 2021 – Zerohedge
“We See Vulnerability”: JPMorgan Estimates Up To $310 Billion In Forced Selling By Year-End – Zerohedge
EXCLUDING JUST THREE INDUSTRIES, S&P 500 WOULD BE REPORTING EARNINGS GROWTH OF 4% FOR Q3 – factset
Week Ahead: When you flatten the curve, it steepens – nordea

Friday 11/20

Business Live – guardian
Stock market 2021: Stocks expected to keep climbing as strategists look to a brighter 2021 – yahoofinance

Ray Dalio’s hedge fund poured about half a billion dollars into Walmart, Alibaba, and Coca Cola, and dumped large positions in China-focused ETFs in the 3rd-quarter – businessinsider
As Stimulus Relief Languishes and Cases Spike, Democrats Grapple with Regret: ‘We Should’ve Taken the Deal’ – newsweek
Will Eurozone PMIs Set Top for EURO? – bk
Big banks take baby steps toward commercializing blockchain – cnbc
Hedge Funds Go “All-In” As Bears Go Extinct: Shorts Drop To Record Lows – Zerohedge
GM to increase EV investment to $27 billion by 2025 – spglobal
Treasury Ending Some Fed Facilities: Is It Much Ado about Nothing? – wisdomtree
Nike hikes dividend by 12% ahead of expected sales bounce – Reuters
The US economy is about to shrink, JPMorgan warns – cnn
Here Comes The Double Dip: JPMorgan Forecasts Negative GDP Next Quarter – Zerohedge
Did Mnuchin Shoot Powell In The Back?- Zerohedge
Investors rush to buy equities, dump gold in vaccine euphoria – BofA – Reuters
Pfizer and BioNTech to request emergency authorization from FDA for Covid vaccine – cnbc
Nearing zero: Argentine FX reserves drain puts central bank in a corner – Reuters
EU says Brexit trade deal still snagged on three issues: diplomats – Reuters
European stocks mostly higher with U.S. stimulus, virus in focus – cnbc
China probe into state miner’s shock bond default reveals market defects – Reuters

Thursday 11/19

Business Live – guardian

Stocks rise as Wall Street turns to tech for safety amid increasing Covid-19 cases – cnbc
Even With A Vaccine, Strategists Aren’t Bullish On Europe – Zerohedge
‘Attack of the debt tsunami’: Coronavirus pushes global debt to record high – cnbc
One person dies from COVID-19 every 17 seconds in Europe, WHO warns – nyp
Schumer says McConnell has agreed to resume negotiations over Covid-19 stimulus – cnbc
Wall Street retreats on surging COVID-19 cases, rise in jobless claims – Reuters
Biden Covid advisor says more people ‘will get infected and die’ the longer Trump delays transition – cnbc
Nvidia has limits to supercharged growth – Reuters
Treasury moves to end several crisis-era programs, drawing pushback from the Fed – cnbc
Pound Slides As EU Leaders Push To Start Brexit Contingency Planning – Zerohedge
Most L/S Equity Emerge Unscathed From Factor Rotations – lyxor
Under pressure from Wall Street, General Motors has no interest in spinning off EV business – cnbc
Flows rise into U.S. healthcare and tech funds in November – Reuters
Hundreds Of Companies That Got PPP Loans Have Gone Bankrupt – Zerohedge
As new debt crisis looms, Africa needs more than world is offering – Reuters
U.S. weekly jobless claims rise; COVID-19 surge seen slowing labor market healing – Reuters
Facing gloomy outlook, Lagarde calls for unlocking EU aid – Reuters
Negative yields sweep across Europe’s bond markets – Reuters
Erdoganomics Is Over: Turkey Hikes Rates By 475bps To 15% – Zerohedge
Thyssenkrupp slashes another 5,000 jobs to ‘stop the bleeding’ – Reuters
Indonesia c.bank delivers first rate cut since July to reignite pandemic-hit economy – Reuters
Thai central bank intervenes to rein in currency powered by vaccine hopes – Reuters

 

Wednesday 11/18

Business Live – guardian
Cuomo Warns Buffalo Worst-Hit Part Of State; Orange Zones Expanded In NYC: Live Updates – Zerohedge
Coronavirus live updates: Moderna vaccine maker details ‘big challenges,’ NYC will close schools for in-person learning – cnbc

Nvidia beats on both earnings and revenue, sales up 57% – cnbc
Dow falls more than 300 points for a second day of losses as rally to records pauses – cnbc
Stocks Slammed As NYC Closes Schools Again On Soaring COVID-19 Cases – Zerohedge
UK electric vehicle maker Arrival is going public via SPAC at a $5.4 billion valuation – cnbc
Goldman Warns Of “Massive” $36BN Month-End Pension Selling, 4th Largest On Record – Zerohedge
“Largest Distribution Ever” – Thousands Of Cars Lined Up At Texas Food Bank – Zerohedge
Nio mania reaches Tesla’s extra gear – Reuters
Pfizer says final data analysis shows Covid vaccine is 95% effective, plans to submit to FDA in days – cnbc
In The Biggest App Store Overhaul Since 2008, Apple Cuts Fees For Most Developers By 15% – Zerohedge
Boeing 737 MAX 8 Returns To The Skies As FAA Lifts Grounding Order – Zerohedge
Volkswagen welcomes German government’s scheme to support low-emission cars – Reuters
Shipping group Maersk reports third-quarter results in line with forecast – Reuters
China stocks rise as investors bet on potential policy support – Reuters
Analysis: Berkshire’s bet a bright spot in gloomy year for Big Pharma stocks – Reuters

Tuesday 11/17

Business Live – guardian
French Bars, Restaurants Expected To Stay Closed Until Mid-January: Live Updates – Zerohedge
Stock market live updates: First down day in three, Tesla joining the S&P, Buffett secretly buying? – cnbc
Coronavirus live updates: Biden Covid advisor says he’s becoming ‘more concerned’ with delays in transition – cnbc

A Record Week for U.S. Value Stocks – lipperalpha
NIO Inc. Reports Unaudited Third Quarter 2020 Financial Results – globenewswire
We’ve Seen a Post-Election Small-Value Rally Before – morningstar
Stock market news live updates: Stocks fall as investors pause after vaccine-fueled rally – yahoofinance
“Sell The Vaccine”: Euphoric Wall Street Goes “Full Bull” As Optimism Hits 20 Year High, Prompting BofA To Turn Bearish – Zerohedge
Fighting Tesla’s rally is ‘like fighting the Fed,’ trader says after S&P 500 inclusion – cnbc
Tesla stock jumps on carmaker’s addition to the S&P 500 – cnbc
Walmart earnings top expectations as customers’ new shopping habits send e-commerce sales soaring 79% – cnbc
Germany’s Embattled Auto Industry Gets $5.9 Billion for Restart – Bloomberg
For PayPal, Visa and Mastercard, cryptocurrencies could unlock new revenues – spglobal
BNP Paribas says 2 things must happen for the yuan to go global – cnbc
Home Depot earnings beat as shoppers focus on home, retailer to make pandemic pay raises permanent – cnbc
US Industrial Production Continues To Lag “V-Shaped” Recovery Hype – Zerohedge
Europe’s economic recovery will be three times faster than after 2008 crisis, Morgan Stanley says – cnbc
Bitcoin breaks $17,000 as 2020 rally powers on – Reuters
The global economic bailout is running at $19.5 trillion. It will go higher – cnn
US Retail Sales Disappoint In October As Fiscal Stimulus Fades – Zerohedge
2021: Fastest Earnings Recovery Ever? – Zerohedge
Asia stocks edge higher after vaccine hopes push Wall Street to record highs – Reuters
China stocks slip as healthcare, TMT shares weigh; Hong Kong up – Reuters
Analysis: Japan’s yen doubles up as high yielder and safe haven – Reuters
China’s Tsinghua Unigroup defaults on $198 million bond: sources – Reuters
Tesla to join S&P 500, spark epic index fund trade – Reuters

 

Monday 11/16

Business Live – guardian
Trump-Biden transition live updates: Biden, Harris address economic recovery amid pandemic – abcnews

Airbnb IPO filing shows third-quarter earnings beating virus with cost cuts, new focus – Reuters
Cyclical stocks may be racing higher, but tech is still expected to be a long-term winner – cnbc
Election results, vaccine news could shake up the outlook for a coronavirus stimulus package. What you need to know about the aid that may be coming – cnbc
Goldman, Citi See Dollar Sliding In 2021, Plunging As Much As 20% – Zerohedge
PayPal’s crypto service officially debuts in the US – businessinsider
Morgan Stanley says keep faith with V-shaped recovery – hl
Dump the dollar, stick with stocks and corporate bonds, Morgan Stanley advises heading into 2021 – fortune
Moderna’s coronavirus vaccine is 94.5% effective, according to company data – cnn
European shares rise as China data boosts recovery hopes – Reuters
Vodafone – lower roaming hits revenue – hl
Spain’s BBVA to sell U.S. banking arm to PNC for $11.6 billion – Reuters
Japan shares close at 29-year high on GDP rebound, vaccine race – Reuters
Key Events This Week: Data Deluge And Fed Speaker Bonanza – Zerohedge
GLOBAL MARKETS-Vaccine focus drives Asian stocks to record highs – Reuters
Explainer: What happens now the RCEP trade deal has been signed? – Reuters
China’s factory output beats forecasts as Asia shakes off COVID slump – Reuters
Japan’s economy vaults back from COVID-induced recession, but outlook murky – Reuters
China c.bank tries to soothe market nerves after SOE debt shocks – Reuters
Chinese lithium producer plunges on cash crunch in reminder of missteps from debt-funded global expansion – scmp
Endeavour to buy Teranga as gold dealmaking gathers pace – Reuters
J&J starts two-dose trial of its COVID-19 vaccine candidate – Reuters
Biden Virus Advisers Say a National Lockdown Isn’t on Agenda – Bloomberg
China’s marginal RCEP gains will not offset trade war impact on economy, studies show – scmp

 

 

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