TOP MARKETS NEWS: Week 06/17 – 06/23

Weekned 06/22 & 06/23

Daimler cuts 2019 profit outlook on diesel issues – Reuters
Lipper U.S. Weekly FundFlows Insight Report: Taxable Bond Funds Drive Overall Net Inflows for the Week – lipper

 

 

Friday 06/21

Business Live – guardian
Hang Seng falls on fresh protests against extradition bill – scmp

US Manufacturing PMI Plunges To 10-Year Lows, Services ‘Hope’ Lowest On Record – Zerohedge
German output growth remains moderate in June as sentiment weakens – markit
Gold taps $1,400 for the first time since 2013 – Marketwatch

 

 

Thursday 06/20

Business Live – guardian
Hong Kong, China climb after Fed hints at possible rate cut ahead – scmp

The safest US bonds are offering their worst returns since the 2016 presidential election — and that’s a major warning sign the economy is in trouble – businessinsider
Philadelphia Fed’s manufacturing gauge tumbles in June, buoying the case for lower rates – cnbc
Goldman Sees Fed Cutting Interest Rates in July and September – bbg
10-year U.S. government bond yield dips below 2% – Marketwatch

 

 

Wednesday 06/19

Markets get boost as Trump and Xi say it’s time to talk trade – scmp

Lower rates will ‘squeeze’ regional banks: Former BB&T CEO – yahoo
Stocks close higher, adding to big June gains, after Fed hints a rate cut could be near – cnbc
Gundlach Warns Fed “Doing What The Bond Market Says”, Insurance Cut Won’t Halt Recession – Zerohedge
Fed keeps interest rates steady, but signals potential rate cuts in 2019 as pressure mounts – cnn
Dovish Fed Sparks Safe-Haven Scramble For Bonds & Bullion As Traders Dump Dollar – Zerohedge
Fed indicates it will cut rates — but not until 2020 – cnbc

China’s central bank continues to inject liquidity into market – globaltimes
Low interest rates the new normal: BMO CEO Darryl White – bnnbbg

 

 

Tuesday 06/18
Traders in ‘wait and see’ mode ahead of US Fed rate decision, G20 gathering – scmp

Active U.S. equity funds lose $12.9 bln to outflows in May -Morningstar – Reuters
Libra: Facebook’s Crypto Trojan Rabbit – Zerohedge
The difference between bitcoin and Facebook’s Libra – cnbc
Facebook Introduces New “Libra” Digital Currency With Landmark White Paper – Zerohedge
Trump announces ‘extended meeting’ with Xi at the G-20 – Marketwatch

When these two signals flash red, start worrying about stocks, says Invesco – Marketwatch
ECB: Mario strikes again – ing
Draghi Unleashes Global Chaos With Preview Of More Stimulus, Prompts Angry Response From Trump – Zerohedge
Global bond yields are cratering with French bond rates now at zero and the US 10-year back to 2.03% – cnbc

Gold jumps toward 14-month high as investors bet on dovish central banks – Marketwatch

Mario Draghi: Twenty Years of the ECB’s monetary policy – centralbanks
China To Roll Out New Rare Earth Policy As Soon As G-20 Meeting – Zerohedge
ECB Research – New ECB call – rate cut and restart of QE – danskebank

ECB’s Draghi defends policy tools and says it has further room to act – cnbc

Two European counties could be the big winners from the US-China trade war, Barclays says – cnbc

 

 

Monday 06/17

Hang Seng gets confidence boost after big Sunday protest, apology from city leader – scmp


Deutsche Bank plans to pare U.S. equities business to skeleton operation: sources – Reuters
Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000 – Marketwatch
History suggests Fed can’t make ‘insurance cuts’ to keep expansion alive – Marketwatch
Dollar, Bond Yields Tumble As Empire Manufacturing Survey Crashes Most On Record – Zerohedge
Here Come The Central Banks: A Look At This Week’s Barrage Of Key Events – Zerohedge
Why long periods of the U.S. going without recession may be bad for the economy – Marketwatch
London-Shanghai stock connect goes live, allowing foreign firms to list their shares in mainland China for the first time – scmp