TOP NEWS: Week 05/01 – 05/07

Weekend 05/06 & 05/07

French Elections Live – guardian

Euro hits one-year high vs. yen, tops $1.10 on French election relief – Reuters
The Last Time This Happened, China Devalued – Zerohedge
“Mystery” Central Bank Buyer Revealed, Goes On Q1 Buying Spree – Zerohedge
almest Market In 75 Years Hits Record Highs – Ignores Dismal Data, Commodity Carnage – Zerohedge


Friday 05/05

Oil prices fall amid fears for the global outlook – business live – guardian

U.S. Stocks Rise on Fed Speak, Job Data; Oil Gains: Markets Wrap – Bloomberg
Bank Of Japan “Bought The Dip” Over Half The Time In The Last 4 Years – Zerohedge
Here We Go Again: NY Fed Cuts Q2 GDP To 1.8% From 2.3% (Atlanta Fed Still At 4.2%) – Zerohedge

Oil Is a Buy for Citigroup as Goldman Says Market Getting Tight – Bloomberg

April Payrolls Jump By 211K, Beating Expectations Although Average Hourly Earnings Disappoint – Zerohedge
Italy Dependent On ECB “Buyer Of Last Resort” As Foreign Investors Dump Bonds Amid Capital Flight – Zerohedge

Hellenic hype – brakingviews

Japan’s population crisis just hit a 67-year low – businessinsider
Oil drops below $45 for first time since OPEC deal – cnn
Wages Will Drive Dollar Trade Today – bk
As Oil Flash Crashes, One Trader Says The Commodity Selloff Is “The Single Largest Macro Factor” Right Now – Zerohedge

Fidelity Beats Global Peers to Start First Private Fund in China – Bloomberg
Sensex cracks 267 points to slip below 30K; 5 factors that triggered selloff – ET
Indonesia’s Still a Darling for Investors Ignoring Earnings – Bloomberg
Equities Fall Before Jobs, Oil’s Plunge Deepens: Markets Wrap – Bloomberg


Thursday 05/04

ECB Rate Guidance up for Debate as Praet Focuses on Data – Bloomberg
House Passes Obamacare Repeal in Razor-Thin GOP Victory – Bloomberg
Kyle Bass Warns “All Hell Is About To Break Loose” In China – ZeroHedge

Oil dives 5 percent; OPEC looks unlikely to deepen output cuts – Reuters

US Core Factory Orders Tumble Most In 13 Months – ZeroHedge
Home Capital Contagion Risk Is Indirect But Real, Edward Jones Says – Bloomberg
Apple Is Now The World’s Largest Bond Fund – ZeroHedge
Societe Generale Profit Falls as It Settles Libya Legal Dispute – Bloomberg

HSBC Posts Surprise Profit Gain as Bank Stems Revenue Drop – Bloomberg

Record high for Korean stocks as other Asian markets slip – Marketwatch
China April service sector growth slowest in nearly a year – Caixin PMI – nasdaq
Australia trade surplus narrows in March – Marketwatch


Wednesday 05/03

Business Live – guradian

Facebook reports earnings amid heated Snap rivalry: Live blog – Marketwatch
BlackRock Warns It Would Be ‘Folly’ to Ignore Home Capital Woes – Bloomberg

Bonds, Bullion Slip After Fed Sends June Rate Hike Odds Spiking To 94% – Zerohedge
Fed Refrains From Rate Hike While Maintaining Sunny Outlook – Bloomberg
“Hawkish” Fed Shrugs Off “Transitory” Weakness In Data, Signals More Rate Hikes Ahead – Zerohedge
China’s Rust-Belt Rebound Is Under Threat From Slowing Inflation – Bloomberg
“They Know Something That We Don’t” – Corporate Insiders Are Dumping Their Stocks “At Levels Rarely Seen” – Zerohedge
Wow, Maybe This Really is the Year of the Active Manager – barrons
Chris Whalen: “The Dollar Super-Cycle Ends” – Zerohedge
Trump’s Commodities Rally Is Almost Gone – Bloomberg
US Services Sector Rebounds Despite Slump In Employment – Zerohedge
ADP Says Companies in U.S. Boosted Payrolls by 177,000 in April – Bloomberg
Euro-Area Recovery Keeps Pace as ECB Stimulus Decision Nears – Bloomberg
German Unemployment Falls Further as Business Outlook Brightens – Bloomberg
EU Hikes Brexit “Bill” To €100 Billion Drawing Angry Response From UK, Pound Slumps – Zerohedge
Multi-Asset Funds Draw Biggest Inflow in Almost Two Years: Chart – Bloomberg


Tuesday 05/02

Business Live – guardian

Apple Hikes Dividend 10% to Become Biggest Dividend Payer in World – barrons
Apple is now worth more than $775 billion — another record for the world’s biggest stock – cnbc

Big Institutionals Sold The Most Stocks Since Brexit As Retail Investors Can’t Stop Buying – Zerohedge

Oil Suddenly Drops To 6-Month Lows After Saudi Prince Comments – Zerohedge
Italian Government Approves Alitalia Bankruptcy, Bonds Collapse – Zerohedge
Bitcoin soars above $1,400 to all-time high – Reuters
Auto Bloodbath: Every OEM Misses April Sales Estimates As Inventories Continue To Soar – Zerohedge
U.S. Auto Boom Seems to Be History, Just as Trump Counted on Jobs – nyt
The Best And Worst Performing Assets In April And YTD – Zerohedge
A VIX Below 10 Means This… – Zerohedge

Euro-Area Manufacturing Expands at Fastest Pace in 6 Years – Bloomberg

U.K. Manufacturing Growth Surges to Fastest in 3 Years – Bloomberg
Alitalia Starts Bankruptcy Proceedings After Turnaround Fails – Bloomberg
Nigeria’s cash problem: Multiple exchange rates, wild swings and dollar shortages – cnn
Italian Joblessness Unexpectedly Increases as More Seek Work – Bloomberg

Greece’s Deal With Creditors Paves Way for Debt Relief Talks – Bloomberg
China’s factory output slows to 7-month low – Marketwatch
Next recession will hit during Trump’s first two years – Marketwatch
Fed could cut its balance sheet in half, Bernanke says – cnbc



Monday 05/01

The head of the World Bank is pushing a terrifying prediction for jobs in developing countries – businessinsider
Bank Stocks Tumble After Trump Says “Open To Breaking Up Big Banks” – Zerohedge
Why Trump’s first 100 days don’t really matter – cnbc
30Y Treasury Yield Bursts Above 3.00% After Mnuchin Comments – Zerohedge
Global stocks climb in light May Day trading; oil slips – Reuters
Gold Tumbles Below Key Technical Level – Zerohedge
Is Le Pen going soft on threat to quit the euro? – cnn
After A Disastrous Quarter, Atlanta Fed Now Expects Q2 GDP To Hit 4.3% – Zerohedge
China’s Markets and Economy Are Going in Different Directions – Bloomberg
This Is What A Bank Run Looks Like: Home Capital Loses 70% Of Deposits In One Week – Zerohedge
Rental income just hit an all-time high. Here’s how that drives a wedge between ‘haves’ and ‘have-nots’ – Marketwatch
Stagflation Strikes Again As Manufacturing Sector Slumps To Post-Trump Lows – Zerohedge
Fed’s Favorite Inflation Indicator Slumps Back Below Mandate – What Now Janet? – Zerohedge
Despite Trumphoria, US Personal Spending Growth Stagnates As Savings Rate Hits 7-Month Highs – Zerohedge
Key Events In The Coming Busy Week: FOMC, Payrolls, 131 S&P Companies Report – Zerohedge
Robots are going to take a lot of jobs — here’s what we could do about it – businessinsider

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