TOP NEWS: Week 04/11 – 04/17

Weekend 04/16 & 04/17

Brazil Rousseff: MPs set for knife-edge impeachment vote – bbc
Kuwait lowers crude, refining output as workers strike – Reuters

Saudi-Iran tensions scupper deal to freeze oil output – Reuters

Thousands Rally In Brazil’s Capital As Impeachement Session Starts: Live Webcast – Zerohedge
Japan’s Economy Grinds To A Halt After Earthquake Paralyzes Critical Supply Chains – Zerohedge
Denmark, Belgium, Now The Netherlands: Negative Mortgage Rates Spread Across Europe – Zerohedge


Friday 04/15

Markets dip after China’s growth rate falls to 6.7% – business live – guardian

“It’s Turning Into A Ghost Town” – One In Five Calgary Offices Is Now Empty – Zerohedge
Dilma Rousseff looks increasingly likely to be impeached – economist
“Last Bubble Standing” Bursts – China Junk Bond Risk Soars – Zerohedge
Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill – nyt
Greek Banks Jump Most in Europe After ECB Add Bonds to QE List – Bloomberg

Italy’s bank backstop fund should help the repricing of non performing loans, says Treasury official – italy24

ECB to phase out 500 euro note slowly after German backlash – sources – Reuters

$1,001,000,000,000: China Just Flooded Its Economy With A Record Amount Of New Debt – Zerohedge
Italy’s Atlas fund struggles to stop sky falling on banks – Reuters

Poland Economic Outlook: Strong economy, worrying politics – NORDEA

Brazil Is Throwing a Big Impeachment Party – Bloomberg
Russia: We don’t expect any oil price rise after Doha – cnbc

Goodrich Petroleum Files for Chapter 11 for Restructuring – Bloomberg
Spanish Industry Minister Soria Resigns Over Panama Leaks – Bloomberg
Zambia’s World-Beating Kwacha Shows Copper Can Outshine Gold – Bloomberg

Maduro Orders Time Zone Change to Battle Venezuela Power Crisis – Bloomberg
Oil Freeze: Everything You Need to Know About Doha – Bloomberg

Corporate Bonds Left Out of ECB Purchase Plan Lead Gains: Chart – Bloomberg

Spanish Industry Minister Soria Resigns Over Panama Leaks – Bloomberg
Italian Bank Rescue Fund Brightens Outlook for Country’s Bonds – Bloomberg
Europe is buying more cars but abandoning Volkswagen branded vehicles – businessinsider
BOJ warming to idea of buying more stocks funds: sources – Reuters
Chinese economy shows signs of debt-fueled recovery – Reuters
China’s Economy Stabilized in First Quarter – Bloomberg


Thursday 04/14

Asian markets rise ahead of Bank of England interest rate decision – business live – guardian

Rio Tinto CEO Says Iron Ore’s 55% Rally About to Fizzle Out – Bloomberg
Guess Which Major Bank Loses The Most From Brexit? – Zerohedge
Brexit could lead to loss of 100,000 financial services jobs, report warns – guardian
Brazil’s Rousseff asks Supreme Court to stop impeachment – Reuters

Depending on World’s Worst Economy Is Safest Bet in Brazil Mess – Bloomberg

Brazil Real Slips as $18 Billion Intervention Curbs Bullish Bets – Bloomberg
2 Reasons Venezuela Won’t Default – barrons

BOE Says Brexit May Weigh on Growth as Key Rate Kept at 0.5% – Bloomberg

Gold Demand Jumps in Japan as Sub-Zero Rates Spur Call for Haven – Bloomberg
IEA Sees Oil Oversupply Almost Gone in Second Half on Shale Drop – Bloomberg

Nestlé sales miss views amid pricing struggles – Marketwatch

Unilever revenue down 2% as volume, prices rise – Marketwatch

Burberry warns of ‘challenging’ year in luxury market – bbc

Australian Unemployment Falls to 2-1/2 Year Low; Rate Bets Drop – Bloomberg
Emerging Currencies Halt Rally as Singapore Flags Growth Risks – Bloomberg

Brazil Impeachment: How This Weekend’s Crucial Vote May Unfold – Bloomberg
Singapore Surprise Easing Sets Off Asia Currency Declines: Chart – Bloomberg
Singapore Unexpectedly Eases Monetary Policy After “Economy Grinds To A Halt” – Zerohedge 


Wednesday 04/13

London stock market hits 2016 high as shares surge – business live – guardian

STOCKS HIT 2016 HIGHS: Here’s what you need to know – businessinsider
According To This Beige Book The Fed Should Be Hiking Rates Now – Zerohedge
IMF homes on the eurozone’s weakest link: Italy – guardian
Hedge Funds Abandoning Dollar’s Biggest Bull Run in a Generation – Bloomberg
US investors u-turn on currency hedges – markit
Atlanta Fed Stuns Everyone, Revises GDP Higher Despite Retail Sales, Inventory Miss – Zerohedge
EU ministers to discuss caps on bank holdings of public debt, officials say – Reuters
FTSE hits a 2016 high, but it may not last long – cnbc

Q1 GDP Double Whammy: Business Inventories Slide, Sales Tumble – Zerohedge
Ibovespa Climbs to 10-Month High as Parties Abandon Rousseff – Bloomberg
To Brazil Traders, Rousseff Ouster May Be Boon to Central Bank – Bloomberg
It Begins: Obama Forgives Student Debt Of 400,000 Americans – Zerohedge
GUNDLACH: ‘Negative rates are one of the dumbest, most horrible ideas I’ve ever heard of’ – businessinsider
Canada Keeps Key Rate 0.5%, Sees ‘Notable’ Fiscal Boost to GDP – Bloomberg

Italy: Unresolved banking-sector issues remain a burden for bonds – nordea
Wells Fargo is a growing risk to the world’s financial system – businessinsider
Polish Constitutional Row Endangers Democracy, EU Assembly Says – Bloomberg
US Retail Sales Tumble Into Recession Territory Driven By Auto Sales Plunge – Zerohedge

Pound’s Rally If Voters Reject `Brexit’ Predicted to Be Fleeting – Bloomberg
Bank of England poised to take over key UK rates benchmark – Reuters
Malaysian Currency Takes Down the Mighty Yen in 2016 Gain: Chart – Bloomberg
JPM Q1 Profit Slides 7%; Trading Revenue Beats; Loss Reserve Jumps Most In 6 Years – Full Summary – Zerohedge
Euro-Area Industrial Production Plunges Most in 18 Months – Bloomberg

Where a 14% Yield in World of Negative Rates Still Isn’t Enough – Bloomberg

IMF says Greek debt ‘highly unsustainable’ and debt relief is ‘essential’ – Reuters

La Niña could have a massive impact on one of the world’s strongest economies – businessinsider
Fund managers think stocks and bonds are getting expensive – businessinsider
Peabody Energy files for U.S. Chapter 11 bankruptcy – Reuters
Gundlach Recommends Mortgage Bonds Rather Than Corporate Debt – Bloomberg
Sensex rallies over 400 points on monsoon cheer – economictimes
India still fastest-growing economy in world gripped by uncertainty: IMF – economictimes
This is the world’s biggest economic bright spot – businessinsider

A Shadow Government Emerges in Brazil as VP Temer Enters Fray – Bloomberg

The Chart Proving That China’s Trade Data Has Never Been This Fake – Zerohedge
China’s March Exports Rise 18.7% on Year, Boosting Growth Outlook – Bloomberg
This is the world’s biggest economic bright spot – businessinsider


Tuesday 04/12

Markets brace for IMF growth forecasts and UK inflation – business live – guardian

New York Fed Has Rosier GDP Than Atlanta in Battle of Forecasts – Bloomberg
ECB policy causing ‘extraordinary problems’, says Germany’s Schaeuble – Reuters

France Borrows for 50 Years to Tap Market Tired of No Yield – Bloomberg
Russia, Saudi Arabia Reach Oil-Freeze Consensus, Interfax Says – Bloomberg

IMF Cuts Its Global Growth Forecast to 3.2% From 3.4%: Chart – Bloomberg

Global Growth: Too Slow for Too Long – imf

The Rising Yen—A View from Tokyo – wisdomtree

Saudi Arabia Rating Cut at Fitch; Outlook Remains Negative – Bloomberg

An oil price freeze is ‘the only way’ – businessinsider

U.S. Oil-Shale Output Seen Reaching Two-Year Low as Prices Sink – Bloomberg

UK inflation rate rises to 0.5% in March – bbc

Italy’s banks to get a state-backed $5.7 billion backstop – Marketwatch
Italy Forms $5.7 Billion Fund to Shake Off Doubts in Banks – Bloomberg
ECB Counts 500-Euro Cost Even as Death of Cash Seen Exaggerated – Bloomberg
Alarm bells are ringing for one of OPEC’s strongest members – businessinsider
The hottest investment product is going to make mutual funds extinct – businessinsider
Nomura Planning to Withdraw From European Equity Busines – Bloomberg
77-Year-Old Wall Street Favorite to Face Fujimori in Peru Runoff – Bloomberg


Monday 04/11

Slowdown fears grow as World Bank cuts growth forecasts — business live – guardian

Alcoa hurt by weak aluminum prices – Marketwatch
Former IMF Chief Economist Admits Japan’s “Endgame” Scenario Is Now In Play – ZeroHedge
Deutsche Bank Says World “Past The Point Of No Return” In The Default Cycle – Zerohedge

Peru Stocks Jump Most Since 2008 as Sol, Bonds Rally After Vote – Bloomberg

Chesapeake Forced To Pledge Entire Company As Collateral To Preserve Existing Credit Facility – Zerohedge
Expect more financial engineering in earnings: S&P – cnbc
BERNANKE: Helicopter money could work, but I see 2 big problems – businessinsider
German `Sideshow’ Sniping at ECB Shows Euro Area Stuck in a Rut – Bloomberg
EIA: U.S. shale oil output to fall 114,000 barrels a day in May – Marketwatch
Dollar Falls to 9-Month Low as Traders Look for Yield Overseas – Bloomberg
Here’s a Sign Corporate Earnings Could Be Bottoming – wsj

Qatar Bank Liquidity Slumps in February After Deposits Decline – Bloomberg

The Invisible Money Makers Who Thrived During 2015’s Oil Slump – Bloomberg

New Derivatives Era Keeps Dollar Swap Spreads Negative: Analysis – Bloomberg
The world’s largest investor says negative rates are breeding a disaster for the economy – businessinsider
Mr. Yen Says Japan’s Currency May Rise Beyond 100 by Year-End – Bloomberg
France’s Bonds Lead European Declines as Nation Plans Debt Sales – Bloomberg
Fair value in USD/JPY – Deutsche Bank – fxstreet
Chinese Buyers Double Their Aussie Property Investments, Again – Bloomberg

Chief Economist’s Corner: Europe in crisis – nordea

Why Europe’s Banks Don’t Have Enough Capital – Bloomberg

ECB’s Bond Buying Pledge Already Stoking Credit Markets: Chart – Bloomberg

Italy Production Declines, Adding To Doubts on Pace of Recovery – Bloomberg

Q&A With Christine Lagarde: Finance’s Firefighter Wants to Be Its Architect – Bloomberg

UK economy lost steam in Q1, industry survey shows – Reuters

China’s consumer inflation remains below target – Marketwatch
EARNINGS SEASON IS HERE: Your full preview of this week’s big economic events – businessinsider
Peru election: Keiko Fujimori faces run-off despite first round lead – guardian
World Bank trims 2016, 2017 East Asia growth forecasts, cites risks to outlook – Reuters
China is trying to make a huge industrial shift that could have disastrous consequences – businessinsider
BlackRock Joins $46 Billion Japan Pullout – Bloomberg
Italy pushes for bank rescue fund – ft
Brazil’s nightmare: No end in sight – wp
Spreads Point to Growing Stress in Japanese Government Bond Market – wsj
The Yen’s Puzzling Surge, Explained in One Morgan Stanley Theory – Bloomberg

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