TOP MARKETS NEWS: Week 12/09 – 12/15

Weekend 12/14 & 12/15

US and China reached a trade agreement, but some key details are still unclear – cnbc
China to target around 6% growth in 2020, step up state spending: sources – Reuters

Friday 12/13

Business Live – guardian
Hang Seng Index records biggest intraday jump in two months on trade deal reports – live – scmp

US markets could see a ‘significant correction’ if Democrats sweep 2020 elections, Goldman Sachs says – cnbc
Oil prices hit highest in three months as U.S.-China trade deal takes shape – Reuters



Thursday 12/12

Business Live – guardian
Chinese Markets Live – scmp

ETF assets to surge tenfold in 10 years to $50 trillion, Bank of America predicts – cnbc
Wall Street hits records on news of U.S.-China trade deal – Reuters

President Trump Signs Off On US-China Trade Deal, Delays December Tariffs – Zerohedge
Shutdown Averted? Republicans And Democrats Reach $1.37 Trillion Deal “In Principle” – Zerohedge
Trump Folds: Will Cancel New China Tariffs, Offers To Cut Existing Tariffs By 50% In Exchange For Pledges: Report – Zerohedge


Wednesday 12/11

Saudi Aramco IPO: Oil giant nears $2trn valuation despite climate fears – business live – guardian
Hang Seng Index reverses early losses as Xiaomi soars on new 5G phone – live – scmp

Gundlach Blames “Fed Manipulation” For Repo Market Madness – Zerohedge
FOMC Leaves Rates Unchanged, Signals No Action Until 2021 Earliest – Zerohedge
What’s Saudi Aramco worth? – morningstar
What’s ahead in the 2020s? – fidelity
‘Vindication’ – Saudi Arabia hails 10% debut jump in Aramco shares – Reuters
Saudi Aramco shares surge 10% as historic IPO begins trading – cnbc
Saudi Aramco shares spike 10% on its opening day of trading — valuing the company at a massive $1.9 trillion – businessinsider




Tuesday 12/10

Business Live – guardian
Hong Kong, China stocks dip as markets assess trade deal likelihood – live – scmp

Swiss central bank’s $800 billion could be enlisted in climate push – Reuters
Get ready for QE4, says Credit Suisse analyst, as Fed fails to calm short-term markets – Marketwatch

Mohamed El-Erian is a confident ‘yes’ on buying Saudi Aramco shares – cnbc
Trade war: China deal unlikely this week with US distracted by USMCA, but new tariffs not expected – scmp
There’s no better place to put your money than the U.S., says hedge fund manager Kyle Bass – Marketwatch
Saudi Aramco will exercise 15% greenshoe option in whole or part during first 30 days of trading: statement – Reuters
Morgan Stanley is cutting 1,500 jobs. Expect more as banks cull before bonus season – businessinsider




Monday 12/09

Business Live – guardian
Hong Kong, China stocks reverse into red after opening with gains – live – scmp

Morgan Stanley: Central Banks Are Injecting $100 Billion Per Month To Crush Vol And Spike Markets – Zerohedge
Tullow Oil loses two thirds of its value as shares crash – telegraph
Was October the turning point? – saxo
Stocks stutter as attention turns to trade deadline, central bank meetings – Reuters

China says hopes it can reach trade agreement with U.S. as soon as possible – Reuters
France’s Sanofi to buy biotech firm Synthorx for $2.5 billion – Reuters
Japan’s GDP grew at faster clip than expected – Marketwatch
Remembering Charles W. Brady, 1935 – 2019 – invesco