TOP NEWS: Week 04/17 – 04/23

Weekend 04/22 & 04/23

Live Now: French Presidential Election Results, First Round – Bloomberg

Bookies See Almost 90% Chance Of Macron Becoming French President – ZeroHedge
Venezuela On The Verge Of Revolution As Hyperinflated Currency Crashes To New Record Low – ZeroHedge
“The Retail Bubble Has Now Burst”: A Record 8,640 Stores Are Closing In 2017 – ZeroHedge
China’s Credit Excess Is Unlike Anything The World Has Ever Seen – ZeroHedge

Friday 04/21

French markets in focus as weekend election looms – business live – guardian

Fitch Downgrades Italy To BBB From BBB+ – Zerohedge
‘Soft’ Data Bloodbath – Manufacturing/Services PMI Plunge Below Trump Election Lows – Zerohedge

Even if health bill ‘crashes and burns,’ GOP will pivot to tax reform – cnbc

Paul Tudor Jones Says U.S. Stocks Should ‘Terrify’ Janet Yellen – Bloomberg
Venezuela’s latest corporate target is Spain’s Telefonica – cnn
Fed Intensifies Balance-Sheet Discussions With Market Players – Bloomberg

Why Nothing Matters: Central Banks Have Bought A Record $1 Trillion In Assets In 2017 – Zerohedge
Lou Says China Should Let Local Governments Default on Debt – Bloomberg

Trump to order U.S. Treasury to delve into taxes, post-crisis reforms – Reuters
Deutsche Bank: Atlantic shift – REUTERS
S&P 500 Profit Generators Under Threat From Peak Inflation – Bloomberg

When are the French election results out on Sunday?  – Marketwatch

PMIs have no predictive power beyond the following quarter – Natixis – fxstreet

Paul Tudor Jones Has A Message For Janet Yellen: “Be Terrified” – Zerohedge
Wall Street Finds Virtue in Parsimony – Bloomberg
Traders Are Losing Faith in European Banks as Earnings Loom – Bloomberg
Euro zone flash composite PMI for April comes in at 56.7, versus expectations of 56.4 – cnbc
German private sector growth remains strong at start of Q2 – markit
Japan Issues Advice on How to Prepare for a Missile Strike – Bloomberg
French Companies Shrug Off Election Concerns and Boost Staff – Bloomberg
Flash Japan Manufacturing PMI: Rising new export orders underpin faster growth in April – markit



Thursday 04/20

Business Live – guardian

Stocks, Dollar, Yields Rally On Mnuchin Tax Cut Comments – ZeroHedge
The Real World of Oil Has a Warning for Financial Markets – Bloomberg
We may have just moved closer to a global trade war – businessinsider
Here’s what Venezuela’s deepening crisis means for oil prices  – Marketwatch
GM Ceases Venezuela Operations After Government Seizes Plant – Bloomberg

Investors have turned increasingly positive on the outlook for European versus US equities – Deutsche Bank – fxstreet
Goldman: “We Have Become Less Confident About Near-Term Hikes” – ZeroHedge
The Bond Market Prefers Dictators to Democracies – Bloomberg
‘Soft’ Data Slumps – Philly Fed Plunges Most In Over 2 Years As Trumphoria Fades – ZeroHedge
IMF Calls Volcker Rule Hard to Enforce and Threat to Liquidity – Bloomberg

he IMF and World Bank are meeting — and it’s all about Trump – Reuters
German March producer prices steady in March – Marketwatch

The latest global inflationary upswing looks like it’s already over – businessinsider
Meet the main candidates hoping to be the next president of France – cnbc
Stocks Climb as Japan Data Spur Growth Optimism: Markets Wrap – Bloomberg
The world’s biggest hedge fund manager says the ‘likelihood of a significant Trump fiscal boost has diminished’ – businessinsider
ECB officials warn on cutting stimulus too soon – Marketwatch
Japanese Exports Surge to End First Quarter on Strong Note – Bloomberg
Here’s what traders need to watch for on Monday after the French presidential vote – businessinsider



Wednesday 04/19

Business Live – guardian

SocGen: “The Pound Short Covering May Just Be Starting” – Zerohedge
U.S. Tax Cuts May Lead Companies to Take Too Much Risk, IMF Says – Bloomberg

Is this a sign the Fed can shrink its balance sheet without causing a market tantrum? – Marketwatch
Larry Fink Says “Warning Signs Are Getting Darker” For U.S. Economy – Zerohedge
Fed’s Rosengren: “Quite Likely” The Fed’s Balance Sheet Will Be Used In The Next Recession – Zerohedge
Fed should shed bonds soon, keep hiking rates: Rosengren – Reuters
Crude & Gasoline Prices Are Plunging – Zerohedge
Chinese Investment Scandal Highlights ‘Shadow Banking’ Risks – nyt
Investors Rage After 3 Billion Yuan Vanish From China’s Largest Private Bank – Zerohedge
In Stark Warning, IMF Finds Over 20% Of US Corporations At Risk Of Default Should Rates Rise – Zerohedge
Wages are climbing but not really boosting inflation, Beige Book report says – Marketwatch
Morgan Stanley Jumps After Beating Estimates On 96% Surge In Fixed Income Revenue – Zerohedge

Markets Start to Ponder the $13 Trillion Gorilla in the Room – Bloomberg

Euro zone March inflation confirmed at 1.5 percent, core rate revised up – Reuters
Eurozone trade returns to surplus as imports fall – Marketwatch
Bond Markets Send Jitters, But Is Anyone Listening? – wsj
China Eases Capital Controls As Dollar Weakens – Zerohedge
Gold’s Top Forecaster Says Prices May Hit $1,350 by Year-End – Bloomberg
North Korea reportedly formed special-operations forces ‘for the first time’ amid tensions with the US – businessinsider
China leads broad declines in Asian markets – Marketwatch
Goldman Pours Cold Water On Trump’s Fiscal Stimulus Plan – Zerohedge



Tuesday 04/18

Business Live – guardian
General election 2017: Theresa May says opposition to Brexit plans behind decision – Politics live – guardian

Yahoo beats on earnings, says Verizon deal to close in June – Marketwatch
IBM profit sinks 13% despite Watson gains – Marketwatch
The French election is a big deal — and it has more than one scary outcome for markets – cnbc
Canadian Bond Yields Just Dropped to 2016 Lows – Bloomberg

IMF raises global growth forecasts but warns against protectionism, relaxing banking rules – cnbc
Goldman Sachs Cools on Long-Dollar Trades as Reflation Wanes – Bloomberg
Factory Output Tumbles In March – This Has Never Happened Outside Of Recession – Zerohedge
Why Theresa May Was Right to Call a Snap Election – newsweek
Deutsche Bank: “Early Elections Are A Gamechanger; We Are Closing Our Bearish GBP Trades” – Zerohedge

Workers Made Germany Into the World’s Best Economy – Bloomberg
What Is Going On With The GDXJ: One Explanation – Zerohedge
America has a retirement problem, not a saving problem – economist

US Macro Data Crashes Most In 7 Years – What Happens Next? – Zerohedge
Beware the Rally in Emerging-Market Currencies – Bloomberg
Free Money! Is The Fed Paying Banks $22 Billion To Not Lend? – Zerohedge
France: The unpredictable election approaches its climax – HSBC – FXSTREET
Goldman, BofA Cash In on a Leveraged-Loan Frenzy Like No Other – Bloomberg
Goldman’s earnings were the most disappointing ever for investors – Marketwatch
Goldman Sachs’s stock drops after profit and revenue misses expectations – Marketwatch
RBC: We Are “Losing The Impulse” – Zerohedge

BofA Reports 40% Jump In Profit Boosted By Interest Income, Trading Profits; Charge Offs Rise – Zerohedge
May to seek snap election for 8 June – bbc

These Voters Could Choose New French President — If They Decide – Bloomberg

Oil Slides After Saudis Unexpectedly Cast Doubt On Production Cut Extensio – Zerohedge
India Asks Banks to Raise Provisions as Telecom Firms Stressed – Bloomberg
Asia Stocks Drop as Iron Ore Hits Commodity Shares: Markets Wrap – Bloomberg
China foreign-direct investment falls 48.8% – Marketwatch
Don’t Bet China Will Bail Out Wealth Products, Fund CEO Says – Bloomberg
China new home prices up 10.3% YOY in March – Marketwatch
China Gets Bailed Out by Its Consumers – wsj



Monday 04/17

Fed’s Fischer sees no repeat of ‘taper tantrum’ this time around – cnbc
A seismic shift is happening, and billions are pouring into these index funds and ETFs – cnbc
Gold gains 3% in 4 sessions as global tensions drive ‘haven’ demand – Marketwatch

Global Financial Market Stress Soars To 2017 Highs – ZeroHedge
U.S. defense stocks easily outperform the broader market – Marketwatch
Soft Data Slump Begins – Empire Fed Plunges Most In – ZeroHedge
Just How Overvalued Is The Market? Here Are 20 Metrics To Help You Decide – ZeroHedge
North Korea threatens to test missiles on a weekly basis – bbc
Emerging Markets Are Bouncing Back From a Six-Year Slowdown – nyt
US Deploys Two More Aircraft Carriers Toward Korean Peninsula: Yonhap – ZeroHedge
Turkish markets rally, but strategists say gains may be short-lived – Marketwatch
Is The Deep State Creating Another “Crash Of 1929”? – ZeroHedge
The 5 Biggest Reasons To Invest In India Now – forbes
China Roars Back to Lift Global Outlook as U.S. Consumer Weakens – Bloomberg

China’s Economy Grows 6.9%, but Warning Signs Persist – nyt
Key Events In The Coming Week: French Election, Earnings, Manufacturing, Housing – ZeroHedge

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