TOP MARKETS NEWS: Week 11/30 – 12/06

Weekend 12/05 & 12/06

MicroStrategy Buys Another $50 Million In Bitcoin At $19,427; Bringing Total To Half A Billion – Zerohedge
Why Does Bitcoin Have Value? – Zerohedge
“I’m Just Not Buying It” – Jeff Gundlach Raises Questions About COVID Vaccine’s ‘95%’ Efficacy Rate – Zerohedge
Congress Weighs One-Week Stopgap, Extended Session To Reach Deal – Zerohedge
WILL THE S&P 500 REPORT RECORD-HIGH EPS IN 2021? – factset
Uranium Stocks Soar: Is This The Beginning Of The Next ESG Craze – Zerohedge
Week Ahead: EURphoria! – nordea

 


Friday 12/04

Business Live – guardian

Bank of America Issues A “Code Red” For Stocks – Zerohedge
Factory Orders Growth Slows In October, Remains Lower Year-Over-Year – Zerohedge
Global debt to hit $200 trillion – S&P Global – Reuters
US: Weakening jobs market enters critical phase – ING
November Payrolls Huge Miss At Just 245K Jobs Added, Unemployment Rate Falls To 6.7% – Zerohedge
Why a Weak NFP Would be the Most Bullish Thing Ever – bk
Brexit talks reach critical point as UK says chances of deal are receding – cnbc
Brent crude could drop to $45 in 2021 despite positive vaccine news, Fitch Ratings says – cnbc
European markets cautiously higher with U.S. stimulus, Brexit in focus – cnbc
Credit Suisse says Asian stocks will kick off an ‘earnings super-cycle’ in 2021 – cnbc
OPEC and allies agree to gradually increase production after days of discussions – cnbc

 

Thursday 12/03

Business Live – guardian

Stocks Plunge After Pfizer Cuts Vaccine Rollout Target By Half Due To “Supply Chain Obstacles” – Zerohedge
Stock Valuations Surpass 1929 Levels – Zerohedge
20 electric vehicle stocks besides Tesla and Nio that analysts expect to rise the most over the next year – Marketwatch
“Zombies” Are For Amateurs: The Negative EBITDA Vampires Are On A Rampage – Zerohedge
Oil Prices Drop After OPEC+ Reaches Deal, Will Boost Output In January – Zerohedge
Stocks Are “Overbought And Frothy” Warns Wall Street’s Most Accurate Analyst – Zerohedge
US Services Surveys Mixed: Highest Since 2015 Or Weakest Since May – Zerohedge
Despite Initial Claims Drop, Over 20 Million Americans Remain On Unemployment Benefits – Zerohedge
JPMorgan says emerging markets are ‘under owned,’ stocks could rally as much as 20% – cnbc
Boeing Lands Critical Order For 75 More 737 MAX Jets From Ryanair – Zerohedge
S&P Hits Record, Dow Soars Over 30,000 After McConnell Says “We Can Do This… Compromise Within Reach” – Zerohedge
Euro zone business activity shrank sharply in November: PMI – Reuters
EU, UK negotiators to assess state of trade talks Thursday or Friday: sources – Reuters
Three Reasons Why Central Bank Digital Currencies Are A Bad Idea – Zerohedge
Asian shares mixed, U.S. dollar near two-and-half-year lows – Reuters
China stocks falter as U.S. House clears delisting bill – Reuters
As China’s economy powers up, what’s the growth outlook for 2021? – scmp
Tesla Gains After Goldman Seizes Street-High Target in Upgrade – Bloomberg

Wednesday 12/02

Business Live – guardian
Stock market news live updates: Stocks hold near record levels, pausing after rally – yahoofinance
Stocks making the biggest moves midday: Salesforce, Palantir, Zoom, Tesla & more – cnbc

US House passes bill that could delist Chinese companies from US stock exchanges – forexlive
U.N. drug agency loosens global controls on cannabis, following WHO advice – cnbc
Beige Book Darkens As 4 Of 12 District Sees “Little Or No Growth”, Optimism Wanes On New Lockdowns – Zerohedge
Stocks are little changed after strong start to December, Salesforce drops – cnbc
Barclays says markets ‘rightly’ optimistic on growth and tips S&P 500 to hit 4,000 points next year – cnbc
Despite Optimism For New Stimulus Deal “By The Weekend”, Two Sides Remain Far Apart – Zerohedge
As pandemic relief talks continue, the fate of stimulus checks and unemployment benefits remain uncertain – cnbc
US New Vehicle Sales Tumble To Three-Month Low In November – Zerohedge
Ford’s November sales down 21% due to F-150 pickup supply and production – cnbc
Big Miss On ADP Employment Suggests Labor Market Weakness Accelerating – Zerohedge
Biden would not immediately remove Phase 1 trade agreement with China: NYT – Reuters
“The Benefits Far Outweigh The Risks” – Pfizer COVID Vaccine Wins UK Approval – Zerohedge
China’s Second Biggest Smartphone Maker Tumbles Most Ever After Record Equity Offering – Zerohedge
Dollar decline stalls as traders eye U.S. stimulus talks – Reuters

 

Tuesday 12/01

Business Live – guardian
Stocks making the biggest moves midday: Zoom Video, Nikola, Tesla and more – cnbc

McConnell shoots down bipartisan $900 billion coronavirus stimulus plan as stalemate drags on – cnbc
S&P 500 rises 1% to a record closing high to kick off December, building on historic rally – cnbc
Salesforce acquires Slack for $27.7 billion, marking cloud software vendor’s largest deal ever – cnbc
Bipartisan Senate Group Unveils $908 Billion COVID Relief Plan – Zerohedge
The world’s second-biggest cryptocurrency is getting a major upgrade — here’s what you need to know – cnbc
“A Recordbreaking Month”: These Were The Best And Worst Performing Assets In November And YTD – Zerohedge
Citi Warns “100% Probability Of Loss” In Most “Euphoric” Market Since Dot Com Bubble – Zerohedge
5 Reasons Why EURO Broke 1.20 – bk
A ‘world first’ project to heat homes using renewable hydrogen gets the green light – cnbc
US Manufacturing Surveys Send Mixed Signals As Employment Plunges – Zerohedge
OECD Slashes 2021 Global Forecast, Warns Gov’ts Must Continue Fiscal Support – Zerohedge
European Manufacturing growth remains strong in November – markit
German Manufacturing recovery continues in November, albeit with slight loss of momentum – markit
Amazon says sellers racked up $4.8 billion in global sales over holiday weekend – Reuters
HSBC says Sweden and Norway will outperform the rest of the developed world – cnbc
Gold Jumps Back Above $1800 As Bitcoin Drops $2000 From Record High – Zerohedge
Asian shares extend gains on recovery hopes, following stellar November – Reuters
Australia c.bank holds rates as housing market booms – Reuters
Asian factories continue recovery from COVID-19 woes as China booms – Reuters
China’s November factory activity growth hits decade high: Caixin PMI – Reuters
Euro zone agrees to overhaul bailout fund in a move likely to appeal to investors – cnbc

 

 

Monday 11/30

Business Live – guardian
Stocks making the biggest moves midday: Moderna, IHS Markit, Nikola, Carnival & more – cnbc

TSLA Surges After S&P Announces It Will Add Automaker At Full Float – Zerohedge
ExxonMobil to prioritize capital investments on high-value assets – exxonmobil
Tesla’s stock will be added to the S&P 500 in a single step before the open on Dec. 21 – cnbc
US stocks: Citi highlight 2 near term risks for a market unconcerned about the downside – forexlive
JPMorgan Downgrades US Stocks To Neutral, Just Weeks After Hiking 2021 S&P Price Target To 4,500 – Zerohedge
Euro zone ministers agree to use ESM fund to backstop bank resolution – Reuters
Dow falls more than 300 points to cut into November’s big gain – cnbc
Stocks Slammed As Month-End Selling Accelerates, Yellen Tweets – Zerohedge
Nikola shares crater by 27% after GM gives up equity stake in smaller, reworked deal – cnbc
IMF warns of ‘scarring effects’ that could hit growth in the euro zone – cnbc
Tesla CEO says electric cars will double global electricity demand – Reuters
European stocks post best-ever month on Covid-19 vaccine optimism – cnbc
Bitcoin Hits New Record, This Time With Less Talk of a Bubble – nyt
Moderna says new data shows Covid vaccine is more than 94% effective, plans to ask FDA for emergency clearance later Monday – cnbc
Key Events In The Coming Busy Week: Jobs, PMIs, And Central Banks – Zerohedge
Dollar Stays Weak, Equities Mixed on Big Week Ahead – bk
S&P Global to buy IHS Markit in $44 billion mega-deal – cnbc
OPEC alliance considers delay to its output hike, but faces a U.S. shale industry ‘itching to drill again’ – cnbc
Guggenheim To Invest Up To $530 Million In Bitcoin After Roubini Twitter Meltdown – Zerohedge
Equity investors take stock of best month ever – Reuters
China’s factory activity expands at fastest pace in over three years – Reuters