TOP MARKETS NEWS: Week 11/23 – 11/29

Weekend 11/28 & 11/29

US COVID-19 Cases Hit New Record; Germany 12th Country To Top 1 Million: Live Updates – Zerohedge

Britain expects ‘very significant’ week for Brexit talks as clock ticks down – Reuters
FX weekly: Let’s hope that money printers are running on windmills – nordea
Week ahead: Reflationistas and vaccinistas at the helm – nordea

Friday 11/27

Business Live – guardian

Stocks Give Thanks For Fed Liquidity As Dollar, Gold, & Bitcoin Dumped – Zerohedge
Buying Bonanza Culminates With Record Inflows Into Global Stocks – Zerohedge
“That Crashed And Burned So Quickly” – BBVA & Sabadell Scrap Deal Talks Over Price Dispute – Zerohedge



Thursday 11/26

German and French consumer confidence worsen; market rally stalls – business live – guardian

ECB: Preparing for December action – ing
Barclays predicts some stocks like BP could rally more than 50% next year – cnbc
Asian shares advance as vaccine, recovery hopes triumph soft U.S. data – Reuters
Bitcoin price drops more than $1,000 in Asian trade – Reuters
With new bank aid, BOJ makes stealthy retreat from negative rates – Reuters

Wednesday 11/25

Business Live – guardian
Coronavirus live updates: UPS readies dry ice to prepare for vaccine deliveries; FDA clears new antibody test – cnbc

Dow pulls back more than 150 points after reaching 30,000 milestone – cnbc
JPMorgan analyst ‘skeptical’ that Nikola’s Badger pick-up truck initiative with GM will proceed – yahoofinance
XRP Tumbles 22% In Selloff – investing
Fed Watch: Twisting and tapering (!!)? – nordea
Why Salesforce wants to slurp up Slack – fortune
Salesforce is in talks to buy Slack, deal could be announced next week – cnbc
Fed weighed adjusting bond purchases to provide more help to economy ‘fairly soon,’ minutes show – cnbc
FOMC Minutes Show Fed Split Over Asset-Purchase Plans – Zerohedge
Americans Raid Savings To Prop Up Spending As Incomes Slide In October – Zerohedge
Exxon Sees A Decade Of Pain: Cuts Oil Price Forecast As Much As 17% For Next Seven Years – Zerohedge
Durables Goods Orders Jump In October, Remain Down Year-Over-Year – Zerohedge
Q3 GDP Unchanged At Record 33.1% In First Revision; Profits Soar 27.1% – Zerohedge
Initial Jobless Claims Rise For 2nd Week In A Row, Pandemic Claims Soar – Zerohedge
ECB warns bank profits will ‘remain weak’ throughout next year – cnbc
The U.S. government needs to get involved in the A.I. race against China, Nasdaq executive says – cnbc
Credit Suisse says regulatory risks are unlikely to stop China’s tech companies from growing in 2021 – cnbc
Global stocks hit record high as Biden, vaccine lift global prospects – Reuters
China shares slip as EV stocks drag; Hong Kong gains – Reuters


Tuesday 11/24

Markets lifted by Biden transition and vaccine optimism – business live – guardian
Coronavirus live updates: With U.S. hospitals overrun, surgeon general urges Americans to ‘hold on’ – cnbc

Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal – cnbc
Dow rallies more than 400 points to surpass 30,000 for the first time – cnbc
Tesla hits $500 billion market cap for the first time – cnbc
Bitcoin climbs past $19,000 and closes in on record price – cnbc
Goldman, Citi see gold above $2,000 in 2021: ‘The bull market is not over’ – cnbc
Gold Tumbles Below $1800, Tests Critical Technical Support – Zerohedge
Germany: Strong in the rearview mirror but obstacles ahead – ing
Kiwi Soars After New Zealand Central Bank Asked To Add Home Prices To Monetary Policy – Zerohedge
Germany’s DAX Index Announces Biggest Overhaul Since Inception, Expanding From 30 To 40 Companies – Zerohedge
Trump Tells GSA To Allow Biden Transition To Proceed “In The Best Interest Of Our Country” – Zerohedge
Dow futures rise more than 200 points as Trump administration begins transition process – cnbc

Monday 11/23

Stock markets cheered by AstraZeneca vaccine trial results – business live – guardian
Stocks making the biggest moves midday: AstraZeneca, Snap, Tesla, Roku & more – cnbc

Markets cheer Yellen pick for Treasury, seeing her focus on fixing the economy and not politics – cnbc
Biden chooses former Fed Chair Janet Yellen to be Treasury secretary – cnbc
Stocks Slump After Positive PMIs As Biden Admin Signals No Compromise On Stimulus – Zerohedge
Selling Prices Soar At Record Pace As US PMIs Hit Six-Year Highs – Zerohedge
Ether, XRP and other ‘altcoins’ rally as bitcoin heads for all-time high – cnbc
Tesla has 104% upside potential in bull-case scenario as global demand for EVs hits tipping point, Wedbush says – businessinsider
Euro zone corporate vulnerability at levels seen in debt crisis: ECB – Reuters
Euro zone business activity shrinks to six-month low after new coronavirus lockdowns – cnbc
Vaccine hopes drive European stocks higher – Reuters
Key Events In This Holiday-Shortened Week: PMIs, Spending, GDP And CapEx – Zerohedge
Pound Leads the Way on Brexit Deal Hopes – BK
AstraZeneca’s Covid vaccine might seem less effective than its peers — but it has some advantages – cnbc
AstraZeneca and Oxford University announced a 3rd working COVID-19 vaccine, which they say is 70% effective – businessinsider
Rush for emerging market company bonds as investors look beyond COVID-19 – Reuters
China’s blue-chip index ends at over 5-yr high on materials, energy boost – Reuters
S.Korea Nov 1-20 exports rise 11.1% on year – Reuters
Majority of regional banks in Japan see red ink – jptimes