TOP NEWS: Week 04/18 – 04/24

Weekend 23/04 & 24/04

Germans flock to property as interest rates fall and rents rise – Reuters
Financial institutions face increasing credit risks: China central bank vice governor – Reuters
It’s Now Cheaper To ‘Buy’ A Dry Bulk Freight Tanker Than A Starbucks Coffee – ZeroHedge

Beware The Bubble In China’s Domestic Commodity Market – ZeroHedge
Japanese companies grapple with rising pension obligations – asianikkei


Friday 04/22

Eurozone finance ministers hold talks on Greece – business live – guardian

Investors pull $7.3 billion from stocks, largest outflow in nine weeks: BAML – Reuters
BoE member hints at negative rates: Report – cnbc

Caterpillar Falls After Sales Plunge 26%, Earnings Miss; Outlook Slashed – Zerohedge

China commodity exchanges crack down on speculation as rebar volumes soar – Reuters

China Early Bond Redemptions Spur Investor Concern Over Losses – Bloomberg

Eurozone stuck in slow growth rut at start of second quarter – markit

Economic upturn in Germany slows further despite improved manufacturing performance – markit
French private sector output rises marginally in April – markit
BOJ mulling negative rates on lending facilities for banks-Bloomberg – Reuters

Australian Sovereign Wealth Fund Lifts Cash Levels Close to 25% – Bloomberg
JAPAN: Operating conditions worsen at sharpest pace in over three years – markit
Asia Stocks Drop as Japan Falls on Yen, Investors Weigh Earnings – Bloomberg
Google’s parent Alphabet results hit by rising traffic costs, strong dollar – Reuters
As Global Stocks Rally, China’s Markets Send More Ominous Signal – Bloomberg


Thursday 04/21

Markets rise ahead of European Central Bank decision – business live – guardian

Microsoft Windows hurt by PC sales slump – bbc
The Motive Behind The Impeachment Of Brazil’s President Dilma Rousseff – forbes
Pimco Economist Has A Stunning Proposal To Save The Economy: The Fed Should Monetize Gold – ZeroHedge
Venezuela Calls for Patriotism as It Plans to Ration Electricity – Bloomberg
Nasdaq Plunges After Microsoft, Google Both Misses Top And Bottom Line – ZeroHedge
The $2 Trillion Project to Get Saudi Arabia’s Economy Off Oil – Bloomberg
ECB to Start Corporate Bond Buying in June as It Expands QE – Bloomberg
The Faith Is Gone: The Middle Class Flees The Market As Record Low Number Of Americans Own Stocks – ZeroHedge
Why Commodities Are Selling Off (And What It Means For Demand) – ZeroHedge
Survey shows plunging public support for TTIP in U.S. and Germany – Reuters

U.K. Retail Sales Fall More Than Forecast; Budget Target Missed – Bloomberg

Sweden Fights Currency Market With More Monetary Stimulus – Bloomberg

China has 4 years worth of unsold housing stock, yet they’re still building more – businessinsider
REPORT: China has started a crackdown on its shadow banking sector – businessinsider
The SUNE Finally Sets: SunEdison Files For Bankruptcy – ZeroHedge
HSBC: Here are the 2 things you need to know about China’s debt mountain – businessinsider
China Top Fund May Cut Corporate Bond Exposure as Defaults Surge – Bloomberg

Ericsson shakes up management after profit misses – Marketwatch
Saudi Arabia slowly losing oil market share – asianikkei
The 54% Rally in Steel Prices That Points to China’s Rapid Shift – Bloomberg

Japan Funds Buy Debt Overseas; Local Bonds Fall Most This Month – Bloomberg

Emerging Stocks Rebound as Oil Breaches $46 on Commodities Rally – Bloomberg

China’s Fading Stimulus Bets Push Rate Swaps to Eight-Month High – Bloomberg
George Soros: China’s debt binge resembles the US before the recession – businessinsider


Wednesday 04/20

Oil tumbles after Kuwait strike ends, as Chinese shares slide – businesss live – guardian

Hedge Funds Suffer Worst Outflows Since Financial Crisis Era – Bloomberg
“China Yuan Gold Fix Is Part Of A Planned Shift From Dollar”: China’s Bocom – Zerohedge

The Bank Of Japan Already Owns Over Half Of All ETFs; It Wants To Own More – Zerohedge

BOJ Kuroda signals readiness to top up ETF purchases – Reuters

Europe’s Inevitable Intervention In Libya Will Add 1.3 Million Barrels To The World Oil Glut – Zerohedge
Gold miners ETF surges to 19-month high, with most U.S. components doubling in 3 months – Marketwatch
Stocks, Oil Continue Soaring On Fake OPEC Meeting “Headline” That Was Just Denied – Zerohedge
Lira Rises on Relief Turkey’s Interest Rate Cut Met Expectations – Bloomberg
Silver is finally catching up to gold – businessinsider

Saudi Said to Agree Terms on $10 Billion Loan to Fund Deficit – Bloomberg
The ‘fiduciary rule’ is a great victory for retirement savers – marketwatch
Trump Nearly Sweeps New York, Takes Almost All State Delgates: What Happens Next – Zerohedge
Currency Managers Grasp for Next Winning Trend as Dollar Falters – Bloomberg
WTI Crude Spikes Above $42 As US Production Drops To 18-Month Lows – Zerohedge
Italian banks have a $350B problem: Top hedge fund manager – cnbc
Europe’s Debt Chiefs Tailor Bond Sales as Banks Cool on Markets – Bloomberg

China’s economy is heading towards the train wreck Japan experienced in the late 80s – businessinsider

U.K. Unemployment Posts First Rise Since 2015 as Market Cools – Bloomberg

Fact, Fiction and Brexit: Truth-Squadding the Arguments – Bloomberg
German producer prices post sharp annual drop – marketwatch
Gazprom Dividend Wagers Help Lift Russian Stocks Toward Record – Bloomberg

Record High No Stop to Russian Stocks as Profit Outlook Perks Up – Bloomberg
Mitsubishi Motors Falls on Japan Minicar Fuel Economy Tests – Bloomberg
Iron Ore Soars as China Recovers, Miners Cut Output Forecasts – Bloomberg
China’s Central Bank Injects Most Funds in Almost Two Months – Bloomberg
PBOC Signals Less Appetite for Stimulus as Outlook Improves – Bloomberg
China’s Stocks Tumble Most in Seven Weeks to Break Trading Calm – Bloomberg
Japan’s Exports Fall as Yen Rises, Quake Disruption Looms – nyt
Intel’s Krzanich Cuts 12,000 Jobs in Push to Ease PC Dependence – Bloomberg


Tuesday 04/19

Markets and oil rise as Opec gloom fades – business live – guardian

Iran Is Ready To Flood The World With Oil… It Just Has No Ships To Deliver It – Zerohedge
Australia: Credit Suisse Sees Another 15% Upside – barrons
Russia & China seeking to dominate gold trade – rt
Brexit Risk Drives Britons to Apply For French Passports – Bloomberg
Japanese Wage Increases Lower than Last Year – marketpulse
Does Not Compute: “Smart Money” Clients Sell Stocks For 12 Consecutive Weeks – Zerohedge
Goldman Sachs First-Quarter Profit Drops 60% as Revenue Plunges – Bloomberg
Stocks Soar As Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again – Zerohedge
Gold gains on dollar weakness, silver hits 10-month high – Reuters
Silver Approaching Bull Market as Prices Rally to 10-Month High – Bloomberg
March Housing Starts, Permits Plunge As Single-family Units Crash – Zerohedge
CARNEY: Helicopter money has the potential to lead to ‘a compounded ponzi scheme’ – businessinsider
Why ‘fallen angels’ may boost high-yield returns – Marketwatch
Iron Ore Powers Above $60 as Steel Rally in China Spurs Demand – Bloomberg
It’s All Suddenly Going Wrong in China’s $3 Trillion Bond Market – Bloomberg

Chinese-Led Group to Buy Iconic Australian Cattle Rancher – Bloomberg

Negative rates hitting mutual fund investors in the wallet – asianikkei
Brazil’s rallying for a different reason than you think – businessinsider
The Sub-Zero Club: Getting Used to the Upside-Down World Economy – Bloomberg
A huge power struggle in Saudi Arabia threatens to dismantle an oil price recovery – businessinsider
Low ECB Rates Leave Germans Worried About Dwindling Savings – Bloomberg
Banks fear ‘contagion’ if Britain leaves the EU – businessinsider
Why it’s time to get bullish on emerging markets: BofA – cnbc
Reserve Managers With $6 Trillion in Assets Flee Negative Rates – Bloomberg

Brazil’s Rousseff Vows to Fight After Losing Impeachment Vote – Bloomberg

Italy’s Triple Bank Risk, Not Just Non-Performing Loans: Chart – Bloomberg

Atlas and the Herculean Task of Saving Italy’s Banking System – Bloomberg
RBA Says `Very Accommodative’ Policy Apt, Aussie a Hindrance – Bloomberg
Japan probably won’t see ‘helicopter money’ anytime soon – businessinsider


Monday 04/18

Oil plunges after Opec fails to agree output freeze – business live – guardian

China is tightening its grip on the world’s commodities markets – businessinsider
IBM profit falls as revenue declines again – Marketwatch
Rescue fund relieves UniCredit of Popolare Vicenza IPO – ft
Abu Dhabi Plans First Bond Since 2009 as Oil Curbs Finances – Bloomberg
China State Enterprises Likely to Suffer More Defaults, S&P Says – Bloomberg

Greenspan Admits The Fed’s Plan Was Always To Push Stocks Higher – Zerohedge

There’s no secret U.S.-China pact, economists say after IMF meeting – Marketwatch
More Euro-Area Central Banks to Make Substitute Purchases in QE – Bloomberg

Argentina’s First Bond Issuance In 15 Years Is Already Nearly 3x Oversubscribed – Zerohedge
What’s Next in Brazil’s Impeachment Process: A Quick Guide – Bloomberg

Saudis want to inflict more pain on oil producers: Kilduff – cnbc

Emerging Markets Pause Rally as Investors Weigh Doha Impasse – Bloomberg

Japan 30-Year Yield Drops to Record, Doha Failure Spurs Turmoil – Bloomberg

Morgan Stanley Profit Plunges By More Than 50% As Trading Revenue Tumbles 40% – Zerohedge

Malaysia’s 1MDB and Abu Dhabi Feud Over Coming Bond Payment – wsj 

Saudi Prince Says Kingdom Working to Soften Blow of Subsidy Cuts – Bloomberg

Treasury says income tax could rise 8% if UK leaves EU – bbc
A Brexit Recession – breakingviews
Does the Treasury’s Brexit equation stand up to scrutiny? – independent
Brazil is going through an identity crisis, not just an impeachment – guardian
Why Post-Impeachment Buzz Might Not Last In Brazil- forbes
Brazil Investor Impeachment Euphoria May Fade Quickly as It Came – Bloomberg

Citigroup Says Iron Ore Rally to Fade as Oversupply Kicks In – Bloomberg

INDIA: Inflation in negative zone for 17th month, at -0.85 per cent in March – indianexpress
Japan earthquakes hit major manufacturers – dw
Strategists Turn Bearish on One of Europe’s Most-Loved Markets – Bloomberg
Osborne to Lay Out Economic Cost of U.K. Voting to Leave EU – Bloomberg
Brazil crisis: Rousseff loses lower house impeachment vote – bbc
$30 oil ‘within days’ — what analysts see for the market after Doha talks fail – Marketwatch

Doha Failure Exposes Hedge Funds That Were Betting on Oil Freeze – Bloomberg
Brazil Vote Margin Seen Giving Boost to World’s Best Markets – Bloomberg
Emerging-Market Assets Roar Back to Life – Bloomberg
Norway’s sovereign wealth fund drops 52 companies linked to coal – independent

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