TOP MARKETS NEWS: Week 12/16 – 12/22

Weekend 12/21 & 12/22

FX weekly: The Riksbank is not a leading indicator of the ECB – nordea
China Faces “Systemic Risk” From Debt Cross-Default “Chain Reaction”, Top Central Bank Advisor Warns – Zerohedge
Gundlach On The Biggest Risk Facing Bond Investors And The Likely Next President – Zerohedge


Friday 12/20

Business Live – guardian
Hang Seng Index gains, with Link REIT, CK Hutchison Holdings rising – live – scmp

Kansas City Fed Biz Survey Crashes Near 4-Year Low  – Zerohedge
US Personal Incomes Grow At Fastest Pace Of 2019, Spending Picks Up – Zerohedge
Blokland’s daily sketch: The outlier – robeco
House passes USMCA as Trump and Pelosi wrestle for credit – fox
Final Q3 GDP Revision Unchanged At 2.1%: All Growth Comes From US Consumer Spending – Zerohedge
“We Could At Most Hope For Stagnation:” German Economy To Contract In Q4 – Zerohedge
China can fulfil $40 billion U.S. farm purchase pledge: consultancy – Reuters
Asia stocks digest meaty gains, sterling starved for love – Reuters
China Premier Warns Of Economic Turmoil In 2020, Continued Deceleration Means Global Rebound Unlikely – Zerohedge




Thursday 12/19

Sweden ends negative interest rates – business live – guardian
Hang Seng Index gains on trade deal optimism – live – scmp

Micron calls a bottom, but doesn’t say what’s on the other side – Marketwatch
Nike’s Q2 profit rises 32% – Marketwatch
Bank of England holds rates steady and lowers UK growth forecast – cnbc
Here’s how the Dow and S&P 500 perform in years after they ring up gains of 20% – Marketwatch
German Bund yield hits new 6-month high as Sweden ditches negative rates  – Reuters

SEC proposes allowing more investors access to private companies – Reuters
Riksbank’s historic rate hike likely to be the last – ing
Sweden ends five years of negative rates with hike to zero – Reuters
Swedish Central Bank first to exit negative rates – Marketwatch
Why UBS thinks Amazon shares are headed to $2,100 – Marketwatch
BOJ’s Kuroda warns of risks to Japan economy despite trade war truce – Reuters
China’s Ever-Growing Bank Bailout – wsj


Wednesday 12/18

Business Live – guardian
Hang Seng Index: Traders continue to hunt for bargains; Tencent, MTR gain – live -scmp

The US Stock Market Hasn’t Been This Rich & Overbought Since 1933 – Zerohedge
Fiat Chrysler, Peugeot reach agreement on $50 billion merger – Marketwatch
China cuts 14-day reverse repo rate to 2.65%  – Marketwatch
Japan’s exports fall for 12th straight month – Marketwatch



Tuesday 12/17

Business Live – guardian
Hang Seng Index gains on trade deal optimism – scmp

FedEx shares slide after missing earnings expectations, lowering 2020 guidance – cnbc
Fitch says phase 1 US-China trade deal alone unlikely to eliminate uncertainty – forexlive
Fund managers have turned bullish in a hurry, Bank of America survey finds – Marketwatch
Are Millennials a Lost Generation Financially? – stlouisfed
House approves $1.4 trillion spending package that prevents U.S. government shutdown – Marketwatch

US Manufacturing Rebounds In November As Auto Production Soars – Zerohedge
Boeing’s 737 Max woes will last for several more years – cnn
Pound Tumbles On Report PM Johnson Plans To Outlaw Further Brexit Delays – Zerohedge
Big changes coming in how you save for retirement – cnbc
Unilever Shares Plunge After Sales Growth Forecast Lowered  – Zerohedge



Monday 12/16

Markets keep rallying after US-China trade deal and UK election – business live – guardian
Hang Seng Index: Euphoria weakens over phase one trade deal, sending stocks down in Hong Kong – live – scmp

3,333 By 3/3: BofA Expects Q1 S&P Meltup, And Just One Thing Can Spoil The Fun – Zerohedge
A “Market” That Needs $1 Trillion In Panic-Money-Printing To Stave-Off Implosion Is Not A Market – Zerohedge
Morgan Stanley: It’s Fair To Say That The Market Rally Is Due To The Fed’s QE4 – Zerohedge
Fed’s Emergency Repo Operation Oversubscribed As Repo Rates Spike To December High – Zerohedge
Goldman has a big worry heading into 2020 that could cause market turmoil – cnbc
Euro zone business growth stayed weak in December – flash PMIs – Reuters
Eurozone malaise extends in December, ending worst quarter since 2013 – markit
German private sector shrinks for fourth month running in December – PMI – Reuters
Why didn’t Qatar support Saudi Aramco’s big deal? – Reuters
German Manufacturing continues to weigh on private sector output – markit
China’s November industrial output ticks up – Marketwatch
China would have to buy a ‘crazy amount’ of farm goods to meet Trump’s demand in phase one deal – cnbc
US-China Trade War Tariffs: An Up-to-Date Chart – piie