TOP MARKETS NEWS: Week 12/31 – 01/06

Weekend 01/05 & 01/06

FX weekly: Treasury vs. Fed – nordea
Millions could face severe cuts to food stamps due to government shutdown – cbs
Chinese Professor Censored After Admitting Real GDP Growth Is Below 2% – Zerohedge
Heavy Duty Truck Orders Tumble 43% To Two Year Low – Zerohedge
“A Tectonic Shift In China’s Economy Has Largely Gone Unnoticed By Investors” – Zerohedge
Commoditization = Deflation – Zerohedge

The Impact of Import Tariffs on U.S. Domestic Prices – Liberty Street Economics



Friday 01/04

Business Live – guardian

Stocks Soar On Powell Promise, Jobs Juice – Zerohedge
Dow jumps more than 700 points, propelled by Powell’s comments and a blowout jobs report – cnbc

2019 Could Make Or Break OPEC – Zerohedge
Leveraged Loan Investors Worry Good Times Will Soon Haunt Them – Bloomberg
Stocks Soar On Powell Promise, Jobs Juice – Zerohedge
The One Bad Thing About Today’s Jobs Report… – Zerohedge
Forget NFP. Fed Powell Crushes USD and Cements AUD & CAD Bottoms – Zerohedge
Jobs Blowout: December Payrolls Soar By 312K As Wages Jump Most Since 2009 – Zerohedge
China to cut reserve requirement ratio by 1 percentage point – xinhuanet
China Announces RRR Cut Plans To Cover Lunar New Year Liquidity – Zerohedge
China slashes its reserve requirement ratio in an effort to boost its slowing economy – businessinsider

PBOC Cuts Banks’ Reserve Ratio to Ratchet Up Support for 2019 – Bloomberg

Markit Eurozone Composite PMI- Slowest growth in over four years during December – markit
German Service sector growth cools as business activity shows weakest rise for over two years- markit

Chinese Financial Stocks Surge as Li Keqiang Visits Big Banks – Bloomberg

China’s service sector expanded quicker in Dec. – Marketwatch



Thursday 01/03

Stocks under pressure after Apple downgrade shock – business live – guardian

Apple’s biggest stock-price drops of the iPhone era: Where does today’s drop rank? – Marketwatch
Apple Had Five Ways to Fuel Earnings. Only One Still Works – Bloombergquint
Property Markets From Hong Kong to Sydney Join Global Slump – Bloomberg
Apple needs to overcome a core challenge, and it’s not China, says top analyst Toni Sacconaghi – cnbc
Ray Dalio Says Trade War Isn’t Biggest Issue for China and U.S. – Bloomberg
China’s population SHRINKS for the first time in 70 years, despite scrapping its one-child policy – leaving the country facing a ‘demographic crisis’ – dailymail
Morgan Stanley Predicts First Global Auto Sales Volume Drop Since 2009 – Zerohedge
Citi’s Levkovich cuts S&P 500 target as sentiment enters panic mode – Marketwatch
5 takeaways from Apple’s stark China warning – cnn

“Growth Has Stopped”: Manufacturing ISM Crashes Most Since The Financial Crisis – Zerohedge
Fed’s Kaplan Sets A “New Message”: Says Fed Should Wait “A Couple Of Quarters” Before Hiking – Zerohedge

Companies added way more jobs than expected in December: ADP/Moody’s – cnbc

The woman who nailed 2018 stock-market volatility blowup now warns of ‘bubbliciouness’ in loans – Marketwatch

A recession is virtually unavoidable this year, Wall Street bear David Rosenberg warns – cnbc

David Einhorn dumps Apple on fear of ‘Chinese retaliation against America’s trade policies’ – cnbc
Havens Are Back, Baby: Yen, Gold and Bonds Rediscover Their Mojo – Bloomberg
Hong Kong Blames Trade Spat for Worst Retail Sales in 17 Months – Bloomberg
Goldman Sachs says Apple will have to cut 2019 numbers even further, compares iPhone maker to Nokia – cnbc

Bristol-Myers Squibb to Acquire Celgene to Create a Premier Innovative Biopharma Company – businesswire
China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective? – scmp
PBOC Seeks to Boost Lending With More Banks Eligible for RRR Cut – Bloomberg
There was a ‘flash crash’ in the currency markets last night as financial volatility intensifies – cnbc
Yen soars against dollar in late trading – Marketwatch
Traders Get No Break as Apple Profit Warning Reawakens Bears – Bloomberg
Gold, silver to trade higher in 2019 – spglobal



Wednesday 01/02

Stocks start 2019 in retreat as China factory output shrinks – business live – guardian
Stocks Slide, Weak China Data, Activision and Netflix – 5 Things You Must Know – thestreet

Apple Cuts Q1 Revenue Guidance, Blames China; Stock Halted – Zerohedge
Apple reduces forecast for holiday sales, cites ‘economic deceleration’ in China – Marketwatch
Top Wall St. strategist cuts 2019 target for S&P 500 – yahoofinance
Here’s (Almost) Everything Wall Street Expects in 2019 – Bloomberg
Chinese Companies Flocked to U.S. Markets in 2018. The Trade War May Have Had a Role – nyt

PBOC to Ease Reserve Ratio Assessment Criteria to Boost Lending – Bloomberg

A Makeover for Chinese Macroeconomic Policy – projectsyndicate

Hedge fund all-star David Einhorn posts his worst year ever, losing 34% in 2018 – cnbc
China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says – scmp
E.C.B. Takes Reins of Italian Bank to Prevent Wider Crisis – nyt
China cuts quotas for crude oil imports in first round of allowances for 2019 – scmp
Global growth seen lower in 2019, UBS says, but it’s not all bad – cnbc
U.S.-China trade war takes toll on global manufacturing – Reuters
China’s economic slowdown begins to hit Asia’s export hubs even before trade war begins to bite – scmp

Key Fed Yield Gauge Points to Rate Cuts for First Time Since 2008 – Bloomberg

Growth of eurozone manufacturing economy continues to falter – markit
GERMAN Manufacturing slowdown continues into December as PMI slips to 33-month low – markit
Hong Kong Stocks Have Worst Start Since 1995 as China Woes Deepen – Bloomberg
ECB appoints administrators at Banca Carige – euromoney
Global Economic Slump Imminent As Korean Exports ‘Canary’ Crashes – Zerohedge
Baidu CEO warns that ‘winter is coming’ amid slowing growth, economic restructuring – scmp
For China, tax cuts may work where its 4 trillion yuan stimulus failed – by boosting the economy without creating more debt – scmp
The best and worst stocks of 2018 – Marketwatch


Tuesday 01/01

The Best And Worst Performing Markets Of 2018 – Zerohedge



Monday 12/31

Markets limp to end of dismal 2018 after worst year in a decade – business live – guardian

Bulls lose control as German DAX faces worst year in a decade – cnbc
The stock market is acting like earnings growth will turn negative next year – cnbc
Global markets in worst year since 2008 – bbc

China’s manufacturing activity hits 2-year low – Marketwatch