TOP MARKETS NEWS: Week 11/21 – 11/27

Weekend 11/26 & 11/27

Top 5 things to watch in markets in the week ahead – investing
The Treasury Market’s Big Recession Trade Is Gathering Momentum – bbg

Zero-Tolerance: Chinese Lockdown Protests Intensify In Rare Display Of Defiance – Ζerohedge
Protests against strict lockdown hit Shanghai, other China cities – asianikkei
Global inflation likely to have peaked, key data indicators suggest – FT
Emerging-Market Bond Laggard Asia Is Primed for Rebound in 2023 – bbg
China Needs Vaccinations More Than Lockdowns, US Officials Say – bbg
Where Is All The Oil Going – Part 2 – Ζerohedge
Your Sunday Briefing: Back to Work – bbg
How Long Can Italian Bonds Stay In Vogue? – bbg
Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood – bbg
Your Sunday Asia Briefing: Covid Protests Sweep China – bbg
A Great Rotation Is Brewing in Asia as Investors Head North – bbg

US Jobs Report Likely to Show Subtle Progress for Fed: Eco Week – bbg
U.S. Black Friday online sales hit record $9 billion despite high inflation- Adobe Analytics – Reuters
$9.12 billion spent in a day: New Black Friday online spending record set in 2022, report says – usatoday
Online Sales Climb 2.3%, Adobe Says: Black Friday Update – bbg
Your Saturday Briefing: Shopping and Soccer – bbg
Oil Market Metrics Signal Sufficient Supply And Weakening Demand – Ζerohedge
Charting the Global Economy: OECD Raises Inflation Forecast – bbg
“2023 Will Be Bad”: Global Growth Set For Weakest Level Since 2009 – Zerohedge
Xinjiang Officials Seek to Calm Lockdown Anger After Deadly Fire – bbg
Gas Price Cap Could Cause Irreversible Harm To Energy Markets – Zerohedge
Your Saturday Asia Briefing: Curse of the Covid QR Code – bbg
As Negotiations Fracture, EU Postpones Talks On Russian Oil Price Cap To Monday – Zerohedge
Euro Zone’s Double-Digit Inflation Is Reckoned to Have Lingered – bbg
US Shoppers Kick Off Holiday Season With a Muted Black Friday – bbg
Risk Appetite Is Surging Again in Markets Seduced by Fed Hope – bbg

US Earnings to Watch: Salesforce, Pinduoduo, Bilibili, Kroger – bbg

Friday 11/25

Business Live – guardian

Dovish Fed Sparks Bond & Stock Surge During Holiday Week – Zerohedge
Dow closes more than 150 points higher. Stocks notch gains for holiday week – cnbc
Stock Market Has a Black Friday Tradition: Low Trading Volume – bbg
Stocks making the biggest moves midday: Apple, Manchester United, Activision Blizzard and more – cnbc
The US Shale Boom Is Officially Over – Zerohedge
Activision Sinks on Concern US Will Block Microsoft’s $69 Billion Deal – bbg
Crypto Crisis Shrinks ETF Assets in Market That Embraced Them – bbg
The Ridiculous Reality Of The “Russian Oil Price Cap” Debate In One Picture – Zerohedge
EU Set to Resume Talks on Price for Russian Oil Cap Tonight – bbg
What’s the Price of Russian Oil Right Now? Try $52 a Barrel – bbg
A Week to Remember for Manchester United Investors as Stock Surges 68% – bbg
Futures Flat As China Injects Fresh Monetary Stimulus – Zerohedge
Global Oil Market Flashes Warning Signs on Rising Demand Angst – bbg
“There Will Be Pain” – Binance’s ‘CZ’ Floats Billion Dollar Bailout For Distressed Crypto – Zerohedge
Global Growth to Be as Weak Next Year as 2009, IIF Forecasts – bbg
Retailers Prepare for a Muted Shopping Day: Black Friday Update – bbg
European Gas Heads for Weekly Gain as Colder Weather Approaches – bbg
European markets set for muted open to close out winning week on dovish Fed bets – cnbc


Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years – cnbc
China Cuts Reserve Requirement Ratio By 25bps, Boosts Economy With $70BN In Fresh Liquidity – Zerohedge
China’s Central Bank Cuts Reserve Ratio to Help Bolster Economy – bbg

China’s Delayed Reopening May Cut Growth Rate by 1 Point: Oxford – bbg
BlackRock Wary of China Stocks Beyond Potential Near-Term Rally – bbg
China’s Daily Covid Tally Tops 30,000 for First Time as Curbs Spread – bbg
China’s Local Governments Face Squeeze From $2 Trillion in Debt – bbg
Meituan’s Revenue Climbs 28% After Covid Drives Meal Delivery – bbg
Panic Buying in Beijing as Covid Surge Spurs Creeping Restrictions – bbg
China Investors Identify Trigger Points to Buy as Economy Opens – bbg
Mainland Chinese Firms Outnumber US Ones in HK for First Time – bbg
Yen Bulls See Stars Aligning for Further Gains – bbg
JPMorgan Asset Picks Industrials to Ride Rally in Japan Stocks – bbg
Tokyo Inflation Hits Fastest Pace Since 1982 as Food Prices Soar – bbg
Taiwan Stocks See Biggest Inflows in 15 Years Ahead of Elections – bbg
Ackman’s Big Hong Kong Short Comes at a Bad Time for Bears – bbg

Dollar Holds Drop; Asia Stocks Set for Small Gains: Markets Wrap – bbg


Thursday 11/24 – Thanksgiving

Business Live – guardian

“Retail Hasn’t Sold”: Despite Crypto Crash, Bitcoin HODLing Hits A Record – Zerohedge
EU’s Michel to Meet Xi as Europe Forges Own Path on China – bbg
European stocks extend gains on Fed slowdown hopes; U.S. markets closed – cnbc
ECB Account of the monetary policy meeting – ecb
Rates Spark: Hold on a minute – ing
German Business Morale Rebound Fuels Recovery Hopes – bbg
Dollar Drops as Risk Appetite Improves After Fed Minutes – Reuters
Remy Cointreau Posts First-Half Profit Above Expectations, Keeps Outlook – Reuters
Oil Holds Decline as EU Wrangles Over Plan to Cap Russian Crude – bbg
European stocks head for mixed open as markets digest latest Fed minutes – cnbc


Malaysian stocks rise; Asia markets mostly higher after Fed signals slowing ‘soon’ – cnbc
Asian Shares Rise on Signs of Fed Slowdown; Dollar Down Further – Reuters
China’s Covid Cases Jump to a Record as Outbreaks Persist – bbg
China Signals Likely Reserve Requirement Ratio Cut to Aid Growth – bbg
South Korean Central Bank Slows Rate Hikes, Sharply Downgrades 2023 Growth – Reuters
Chinese Builders Rally on Prospects of Additional Financing – bbg
Nomura Cuts China’s Growth Forecasts on Slow Covid Reopening – bbg
China State Banks Pledge at Least $31 Billion to Developers – bbg
Hong Kong’s peg to the U.S. dollar has survived for decades. Bill Ackman thinks it’s ‘only a matter of time before it breaks’ – fortune
Bill Ackman Says Pershing Has Large Notional Short Position Against HK Dollar – bbg
Japan Nov Factory Activity Shrinks at Quickest Pace in 2 Years – Reuters
RBNZ Governor Says Central Bank Policy Now Officially Contractionary – Reuters

Marketmind: COVID Vs RRR – Reuters


Wednesday 11/23

Business Live – guardian

Stocks and bonds bid while dollar dives after dovish FOMC minutes and cautious activity data – Newsquawk US Market Wrap
Bulls Give Thanks As Big-Tech, Bonds, Bitcoin, & Bullion Bounce – Zerohedge
Stocks close higher for a second day as Fed minutes signal smaller rate hikes ahead – cnbc
“The Statement Comes Across As Dovish” – Wall Street Reacts To FOMC Minutes – Zerohedge
FOMC Minutes Split Between Dovish (Slower Hikes) And Hawkish (Higher Terminal Rate) Views – Zerohedge
Most Fed Officials Saw Slower Pace of Hikes Appropriate ‘Soon’ – bbg
Goldman Explains Why “The Only Good Thing” About EU’s Proposed NatGas Cap Is That It’s Unlikely To Ever Be Triggered – Zerohedge
Stocks making the biggest moves midday: Citigroup, Manchester United, Nordstrom, Tesla and more – cnbc
EU Talks Stall Over Price Level for Proposed Russian Oil Cap – bbg
UMich Sentiment Slides In November, Inflation Expectations Steady Near Multi-Year Highs – Zerohedge
US Short-Term Inflation Expectations Retreat, Boosting Sentiment – bbg
U.S. Crude Inventories Fall as Fuel Stocks Build on Strong Refining Activity – Reuters
After Years Of “Stimulus” Come Surging Debt & Falling Wages – Zerohedge
US Economy Shows Signs of Slowing as Fed Hikes Filter Through – bbg
Bank Regulators Tell Citigroup to Take Urgent Action to Fix Resolution Plan – Reuters
Explainer-Russia’s Tanker Fleet Too Small to Bypass Oil Price Cap – Reuters
U.S. Business Activity Weakens Further; Euro Zone Downturn Eases Slightly – Reuters
Black Friday Seen Kicking Off a Bumpy Holiday Shopping Season for Retailers – bbg
US Manufacturing & Services Surveys Plunge “Deeper Into Likely Recession” – Zerohedge
U.S. Business Activity Weakens Further in November – S&P Global Survey – Reuters
Analysis-In Emerging Markets, the Bulls Are Back Again – Reuters
Retail Traders Who’ve Taken a Beating This Year May Harvest Their Losses – bbg



U.S. Core Capital Goods Orders, Shipments Rebound Strongly in October – Reuters
Stocks making the biggest moves premarket: Deere, HP, Nordstrom and others – cnbc
EU Nations Advance €43 Billion Plan to Become Semiconductor Hub – bbg
Labor Market Weakens As Continuing Jobless Claims Hit 8-Month Highs – Zerohedge
US Jobless Claims Hit Three-Month High as Labor Market Cools – bbg
UK Pension Funds Turn to Illiquid Assets After Selling Spree – bbg
Futures Steady Ahead Of Fed Minutes – Zerohedge
(Nominal) US Durable Goods Orders Soar In October, Shipments Spike – Zerohedge
Tesla Is Value Opportunity as It Nears Morgan Stanley Bear Case – bbg
Deere Sees Fragile Supply Chains as Challenge for Tractor Boom – bbg
Deere Surges as Tractor Buying Spree Drives Guidance – bbg
EU Considers Imposing Price Cap of $65-$70 on Russian Oil – bbg
Europe’s Top Two Economies Contract as Bloc Already in Recession – bbg
Euro-Area Businesses Signal Slump May Be Shallower Than Feared – bbg
Euro Zone Downturn Eased in Nov but Demand Still Falling-PMI – Reuters
German Downturn Eases in Nov, Bringing Hope for Milder Recession -Flash PMI – Reuters
UK Recession Worsening as Living Costs Squeeze Bites, PMIs Show – bbg
Credit Suisse Craters To Record Low After Revealing Staggering $88 Billion Bank Run – Zerohedge
Credit Suisse’s Fund Outflows Are Concerning, JPMorgan Says – bbg
Credit Suisse Expects Q4 Pre Tax Loss of up to 1.5 Billion Sfr – Reuters
Europe May Avoid Gas Crunch This Winter and Next, Trafigura Says – bbg
Oil Ticks Higher as Market Looks to Cap Plan, Lower Stockpiles – bbg
European markets set for muted open as investors track data, Fed minutes – cnbc

Marketmind: on the Fence – Reuters


New Zealand delivers its biggest-ever rate hike; Singapore inflation eased in October – cnbc
Asian Stocks Poised to Follow Wall Street Higher: Markets Wrap – bbg
Asia Shares Gain Despite Rising China COVID Cases – Reuters
China Will Use Timely RRR Cuts to Keep Liquidity Ample -State Media Cites Cabinet – Reuters
China Signals Likely Reserve Requirement Ratio Cut to Aid Growth – bbg
China State Banks Pledge at Least $31 Billion to Developers – bbg
China may have ‘passed the point of no return’ as Covid infections soar – cnbc
IMF Says China Needs to Adjust Covid Policy, Support Property – bbg
Xiaomi Q3 Revenue Falls 9.7% Year-On-Year, Net Income Down 59.1% – Reuters
Xiaomi Quarterly Sales Fall on Waning Smartphone Demand – bbg
Buy Chinese Stocks and Sell Big US Tech Brands, BofA’s Hartnett Says – bbg
China’s Covid Cases Rise as Big Cities Put Curbs on Movement – bbg
China Tech Earnings Beat Fuels Upswing Optimism – bbg
BYD Increases Price of EVs, Hybrids on Input Costs, Subsidy End – bbg
China Buys Fewer Chip-Making Machines as US Restrictions Start – bbg
Economist Who Called China’s Housing Slump Sees Slow Recovery – bbg
Shanghai to Strengthen Covid Rules on New Arrivals From Nov. 24 – bbg
RBNZ Hike Signals Global Tightening Far From Over, HSBC Says – bbg
New Zealand Steps Up Inflation Fight With Record Rate Hike – bbg

Marketmind: Stocks ‘N’ Bonds – Who to Believe? – Reuters


Tuesday 11/22

Business Live – guardian

Stocks making the biggest moves after hours: Nordstrom, Autodesk and more – cnbc
HP laying off 4,000-6,000 employees globally over the next three years – cnbc
Nordstrom Cuts Profit Forecast on Higher Costs – Reuters
Nordstrom Shares Sink as Markdowns Cut Into Profits – bbg
US stocks gained amid a softer a dollar and yields on a broad risk revival – Newsquawk Asia-Pac Market Open
Big Tech, Bonds, & Bitcoin Bounce As Yield Curve Inversion Deepens – Zerohedge
Dow closes nearly 400 points higher as Wall Street bets on easing inflation, smaller rate hikes into year-end – cnbc
Goldman Sees 10-Year Treasury Yield of 4% or More Through 2024 – bbg
Bank of Canada Says High Rates Starting to Work, Housing and Debt a Worry – Reuters
Oil Prices Slide After EU Appears To Fold On ‘Tough’ Russian Crude Price Cap Scheme – Zerohedge
Retailers Rally Into Holiday Season After Earnings Blowouts – bbg
Stocks making the biggest moves midday: Abercrombie & Fitch, Disney, Best Buy, Zoom and more – cnbc
Peter Schiff: More Economic Data Confirms A Recession – Zerohedge
Emerging Market Debt Ratio Climbs Back to Record Highs -IIF – Reuters
Treasury Market Liquidity & Volatility Problems Could Derail Fed Balance Sheet Reduction – Zerohedge
Corporate Brazil Is Holding Up Fairly Well. Stocks, Not So Much – bbg
Oil Price Could Hit “Stratospheric” $380 If Russia Retaliates To G7 Oil Price Cap: JPMorgan – Zerohedge
FTX Collapse Ensnares Creditors Big and Small All Over the World – bbg
Bitcoin Miner Core Scientific Has Lost $1.7 Billion This Year – bbg
Coinbase Bonds Dragged Lower as Crypto Market Slumps – Reuters
Marketmind: Wild Oil Ride Amid China and Crypto Woe – Reuters
Soaring Debt Payments Wiping Out Savings Ensures Peak Hawkishness Has Passed – Zerohedge
Fed Hawkishness Peaks as Rising Debt Payments Erode Savings – bbg


Dollar Tree Cuts 2022 Profit View Again as Inflation Threatens Margins – Reuters
Futures Reverse Losses, Hit Session HIghs Alongside Oil Despite China Covid Curbs – Zerohedge
Europe to Be Hit Hardest in Global Slowdown -OECD – Reuters
Best Buy Forecasts Smaller Drop in Sales Ahead of Holiday Season – Reuters
Abercrombie Sees Better Holiday-Quarter Sales, Posts Surprise Profit – Reuters
Abercrombie Soars Most in Two Years After Posting Better-Than-Forecast Sales – bbg
EU’s Proposed NatGas Cap Draws Ire As Market Intervention Could Worsen Energy Crisis – Zerohedge
EU Eyes Gas Price Cap to Avoid Abnormal Spikes Seen in August – bbg
Central Banks Must Stick to Hikes as Economy Slows, OECD Says – bbg
Oil Freight at $100,000 Piles Pressure on Crude Markets – bbg
Goldman’s stock market outlook 2023: ‘Less pain but also no gain’ – investing
Bitcoin hits 2-year low as $1.4 trillion wiped off crypto market this year after FTX collapse – cnbc
China’s Baidu Beats Q3 Revenue Estimates as Ad Sales Recover – Reuters
European Gas Rises as Gazprom Warns of Ukraine Transit Cut – bbg
Baidu Posts Surprise Sales Gain as Investors Eye Turnaround – bbg
China Pauses Some Purchases of Russian Oil Ahead of Price Cap – bbg
World’s Most-Crucial Fuel Heads for Shortage Touching Everything – bbg
Europe’s First Major Cold Snap Of The Season Is Imminent – Zerohedge
European Companies Are Tapping Bond Markets Again as Investors Return – Reuters
Volkswagen Sees China Sales Dropping on Covid Zero Policy Return – bbg
FTX Latest: Genesis Bankruptcy Warning Buffets Crypto Markets – bbg
Billionaire Investor Carl Icahn Is Betting Against GameStop Shares – bbg
Bitcoin’s Slide Pauses in Wait for Next Domino to Fall After FTX – bbg
Crypto’s Latest Mystery Is the Ownership of Major Exchange Huobi – bbg
When Disney Decided to Dump its CEO, the Change Happened Fast – bbg
European markets head for higher open as investors shrug off economic fears – cnbc live

Marketmind: COVID Blues – Reuters

Asia-Pacific markets mixed as investors weigh risks – cnbc live
Asian Stocks Set for Cautious Open on China, Fed: Markets Wrap – bbg
Asian Shares Recover but Concerns Over China May Resume Strict COVID Curbs Linger – Reuters
China’s ‘Slow, Painful’ Reopening Threatens More Economic Strain – bbg
What Reopening? China’s Covid Restrictions Are Actually Tightening – Zerohedge Cuts Salaries for About 2,000 Managers By Up to 20% – bbg
Qatar And China Make History With 27-Year LNG Supply Deal – Zerohedge
Hong Kong Dollar Rises Toward Strong Half of Band as Short Sellers Bail – bbg
World’s Worst-Performing Stocks Have Vietnam Investors on Edge – bbg

Marketmind: Oil Not So Slick – Reuters

Monday 11/22

Business Live – guardian

Stocks making the biggest moves after hours: Zoom, Dell, Urban Outfitters and more – cnbc
Zoom’s Sales Growth Slows Even as Enterprise Business Stays Steady – bbg
Zoom Cuts Annual Revenue Forecast as Video-Conferencing Service Demand Wanes – Reuters
Zoom shares drop on light forecast as company faces ‘heightened deal scrutiny’ – cnbc
Dell Quarterly Profit Jumps on Higher Server Demand, Lower Costs – Reuters
US stocks tracked global peers lower amid China COVID woes, while oil prices whipsawed on OPEC+ headlines and Saudi denial – Newsquawk Asia-Pac Market Open
Stocks & Crypto Dump, Dollar Jumps Despite Dovish Daly – Zerohedge
Stocks close lower to begin holiday week. Disney shares jump 6% – cnbc
Crypto Brokerage Genesis Warns of Bankruptcy Without Funding – bbg
Fed Can Downshift From 75 Basis-Point Rate Hikes, Mester Says – bbg
Crypto Markets Sag as Funds Drained From FTX Switch Out of Ether – bbg
Goldman Sachs Says U.S., Europe Could End Reliance on Chinese EV Batteries by 2030 -FT – Reuters
Coinbase Hits Record Low as Crypto Contagion Anxiety Intensifies – bbg
Real Impact of Fed Hikes Likely Bigger Than What Target Rate Implies, Daly Says – Reuters
Fed Should Be Mindful of Lags as It Tightens Rates Further, Daly Says – bbg
Credit Outlook Darkens for Non-Financial Companies, Moody’s Says – Reuters
Stocks making the biggest moves midday: Disney, Carvana, Diamondback Energy and more – cnbc
Airlines Still See Return to Profit Next Year in First Since 2019 – bbg
Amundi Is Downgrading ‘Almost All’ Funds With EU’s Top ESG Tag – bbg
Fast-Money Quants Go Long on Stocks for First Time This Year – bbg
Goldman Sees More Oil Weakness Until China Reopens, Then Even More Upside – Zerohedge
S&P Sees US Corporate Default Rate More Than Doubling in Shallow Recession – bbg
Dollar Rises as Investors Run to Safety on China Covid Concerns – bbg
German Industry Calls for More Support to Diversify Beyond China – Reuters
Chaos Theory: How Tankers Thrive Amid Energy Crisis And War – Zerohedge
US Banks Are Tightening Lending Standards, Raising the Risk of a Recession – bbg
After Rough Year, U.S. Corporate Credit Entices Investors – Reuters
Morgan Stanley Downgrades Brazil as Lula Imperils Value Play – bbg
Money-Losing Tech Stocks Fade Again as Fed Stays Hawkish – bbg
Nomura Sees An Inflection Point In ‘Crash Up’ Hedges, Warns “It’s The Dollar”, Stupid! – Zerohedge


Futures Slide On China Covid Curb Concerns; Disney Jumps After Chapek Fired – Zerohedge

Stocks making the biggest moves in the premarket: Walt Disney, Carvana, Coinbase and more – cnbc
Global Equity Bear Market Not Over Yet – Goldman Sachs – Reuters
Goldman Sachs Strategists Say Bear Market Will Last Through 2023 – bbg
Disney’s Iger May Have to Cut Costs as Streaming Loses Money – Reuters
Disney’s Bob Iger Returns to Lead Post-Pandemic Revamp – Reuters
Traders Flee Crypto Markets After FTX Collapse – bbg
German Producer prices in October 2022: +34.5% on October 2021 – destatis
US retailers face first real-terms fall in sales since financial crisis – ft
Key Events This Holiday-Shortened Week: FOMC Minutes, Durable Goods And Fed Speakers – Zerohedge
Dollar Gains as China COVID Worries Spur Safe-Haven Buying – Reuters
Buffett’s Berkshire Ups Stakes in Five Japanese Trading Houses – bbg
Goldman Says Dollar Strength Versus Asia FX May Not Last Longer – bbg
Global LNG Supplies Are ‘Sold Out’ for Years, Top Importer Warns – bbg
Oil Sinks as China’s Struggle With Covid Blights Demand Outlook – bbg
Holiday Shopping Looks Anything But Festive for Retail Stocks – bbg
European markets head for lower open as investors gauge economic outlook – cnbc

Stocks Set for Mixed Open Amid Focus on Fed, China: Markets Wrap – bbg
Marketmind: Bucking the Trend – Reuters
Marketmind: Bulls Take Cover – Reuters
Marketmind: Don’t Doubt the Dollar – Reuters


Hong Kong stocks fall on Covid fears; China keeps benchmark lending rates on hold – cnbc
China Stocks Slide as Covid Death, Restrictions Dent Optimism – bbg
Asia Shares, Oil Prices Skid on China COVID Outbreaks – Reuters
Worst Chinese Bond Drop Since 2016 Is Coming To An End – Zerohedge
Chinese Banks Maintain Lending Rates as PBOC Signals Caution – bbg
China’s PBOC Withdraws Liquidity as Bond Selloff Cools – bbg
Wall Street Wants to Believe Xi’s Money-Minting Markets Are Back – bbg
Chinese real estate stocks surged this month. But analyst warns of ‘weak reality’ vs. high expectations – cnbc
Goldman Sees India’s Growth Slowing Next Year as Tailwinds Fade – bbg
Citigroup Upgrades Hong Kong Stocks, Boosting Buy China Calls – bbg
China Stocks to Jump on Reopening and Property: Hao Hong – bbg
High-Yield Party Returns to Emerging Markets Too Cheap to Ignore – bbg
Australia Learns There’s No Replacement for the Chinese Consumer – bbg
Beijing Reports Two More Covid Deaths, Stoking Fears of Curbs – bbg
Strict Covid Zero Returns to China City Rumored to Be Reopening – bbg

Asia Earnings To Watch This Week: Baidu, Xiaomi, Meituan, Kuaishou – bbg
US Earnings to Watch: Best Buy, Nordstrom, Zoom, Deere, Black Friday – bbg