TOP MARKETS NEWS: Week 12/30 – 01/05

Weekend 01/04 & 01/05

Fed has the tools it needs to fight the next recession, Bernanke says – Marketwatch
Chinese delegation plans to travel to Washington to sign trade deal: SCMP – Reuters
China-ASEAN trade to burgeon further in 2020, experts say – globaltimes
Gulf markets plunge on U.S.-Iran tensions, Aramco at lowest since IPO – Reuters
Red Flag Of Jihad Raised As 1000s Mourn Death Of Suleimani In Baghdad – Zerohedge
Week ahead: Do or die 2020 – nordea



Friday 01/03

Oil spikes as US strike on Iran general raises conflict fears – business live – guardian
US-Iran tensions weighing on Hong Kong market sentiment – live – scmp

Mark Your Calendar: Next Week The Fed’s Liquidity Drain Begins – Zerohedge
FOMC Minutes Give Timeline Of Fed “Transitioning Away” From Repo Liquidity Bailout – Zerohedge
2019: The Year Of Repo – Zerohedge
The Fed Just Monetized $6.4 Billion In Debt Sold Earlier This Week – Zerohedge
Samsung says it sold 6.7 million 5G smartphones in 2019 – cnbc
ISM Manufacturing Survey Crashes To Lowest Since June 2009  – Zerohedge
Peter Schiff: The 20s Will Be An Explosive Decade For Gold – Zerohedge
Gold nears 6-year high, other safe havens like bonds and dollar rise after killing of Iran general – cnbc

Credit Suisse announces $1 billion 2020 share buyback program – Reuters
Ten Strategists on What U.S.-Iran Escalation Means for Markets – Bloomberg
Iranians And Iraqis Celebrate, Thank Trump For Airstrike That Killed Ruthless Military General – Zerohedge
Reactions to the killing of Iranian general in a U.S. air strike – Reuters
Watch Iraq for potential oil-supply disruptions in 2020, analysts warn – Marketwatch



Thursday 01/02

Stocks rise as Beijing pumps extra cash into China’s economy – business live – guardian
Hong Kong, China stocks rise in solid start for 2020 – live – scmp

Dow jumps more than 330 points in 2020 to mark best start to a calendar year in seven years – Marketwatch
Trump’s China Agreement Is A Fake Deal – forbes
Corporate Debt Issuers to Kick Off Sales With Up to $35 Billion – Bloomberg
“Pull-Back In Hiring” – US Manufacturing PMI Disappoints As Hoped-For Rebound “Falters” – Zerohedge

Earnings must deliver to keep this rally going in 2020 and early indications aren’t good – cnbc

UK manufacturing output slides at fastest rate since 2012: PMI – Reuters
Top Bond Fund Manager Braces for EM Sovereign Defaults in 2020 – Bloomberg
Expect geopolitical tensions to ‘intensify’ and play into the US election, experts say – cnbc
Bund Yields Are on Their Way Back to 0%: Euro Rates Daily – Bloomberg
German 10-year bond yield rises to 7-month high – Reuters
Euro zone factory downturn deepened at end of 2019: PMI – Reuters
Eurozone Manufacturing downturn deepens during December – markit
Asset Class Returns – topdowncharts
Singapore posts decade-low growth as trade war bruises output – Reuters
China Dec factory activity expands more slowly but confidence jumps-Caixin PMI – Reuters
Russia in 2020: Where Are All the Foreign Banks? – themoscowtimes



Wednesday 01/01 – HAPPY NEW YEAR

Expert deems trade war deterioration as biggest risk for China’s economy – globaltimes
China to cut reserve requirement for banks as economy slows, freeing up $114 billion – japantimes



Tuesday 12/31

Global markets toast best year in a decade after 2019 rally – business live – guardian
Hang Seng Index sees 9 per cent gain in 2019 after stellar performance in December – live- scmp

Gold rises to three-month high, set for best year since 2010 – Reuters
China’s factory activity grows as easing trade spat revives demand – Reuters




Monday 12/30

Hong Kong recession to continue as protests hit economy – business live – guardian
Hang Seng Index closes at five-month high, goes past psychologically important 28,000-point level – live – scmp

Dick Bove Has “A Simple Theory” Why Surging Stocks Are “Not Likely To Stop Soon” – Zerohedge
Wall Street pulls back from records as investors take profits – Reuters
The Decade of Debt: big deals, bigger risk – Reuters
Dallas Fed Contracts For 3rd Straight Month, Confirming Regional Survey Slump – Zerohedge
The 2010s in numbers: How Asia’s decade measures up – asianikkei
Chicago PMI Stuck In Contraction For 4th Straight Month – Zerohedge
US Goods Trade Deficit Shrinks To Smallest Since Trump Elected – Zerohedge
Dollar dips, set for smallest annual gain in 6 years – Reuters

401(k)s are the ‘pot of gold’ ETFs haven’t yet cracked — but that could change in the next decade – Marketwatch
Chinese Central Bank Drives Use of Loan Prime Rate as Bench­mark for Float­ing-rate Loans – chinabankingnews
Why higher stock prices, a strong economy and Trump’s re-election are likely in 2020 – Marketwatch