TOP MARKETS NEWS: Week 06/24 – 06/30

Weekend 06/29 & 06/30

Monte dei Paschi ends debt collection deal to sell 3 billion euros in bad loans – Reuters
Ceasefire: US, China Trade Talks “Back On Track” After Trump Folds On Huawei – Zerohedge
Second Highest Number Of S&P 500 Companies Issuing Negative Guidance On Record – Zerohedge

 

 

Friday 06/28

Investors focus on crunch G20 meeting between Trump and Xi – business live – guardian
Trade talks between Donald Trump and Xi Jinping directing investors’ moves – scmp

Deutsche Bank To Fire Up To Half Of Its Global Equities Workforce – Zerohedge
Partying Like it’s 1995 – bespoke

Here are the stock market’s winners and losers in the first half of 2019 – Marketwatch

Volkswagen’s Traton shares limp on stock market debut – Reuters
China’s banks face cash crunch fears after authorities seize lender – cnbc

 

 

Thursday 06/27

Trade war looms over G20 as Trump attacks India over tariffs – business live – guardian
US, China tentatively agree on trade truce ahead of G20, sources tell SCMP – scmp

Nike misses quarterly profit estimates on higher marketing expenses – Reuters
JP Morgan, Goldman and others boost dividends and buybacks after passing Fed stress test – cnbc

A 1.17% Return for a 98-Year Bond Issue? Sign Me Up – Bloomberg

Wall Street awaits Trump-Xi detente – here’s what three experts expect – cnbc

“Game Changer” – Is Libra The Trojan Horse For An SDR-Backed Redesign Of The Global Financial System? – Zerohedge

Goldman Warns Risk Of Market Crash Is Highest Since The Financial Crisis, Nearing 60% – Zerohedge

Q1 GDP Revised Lower As Personal Spending Tumbles – Zerohedge
Trade war would have a ‘devastating’ impact on the world economy, Morgan Stanley CEO James Gorman says – cnbc
Global Carmageddon Continues: Ford Set To Slash 12,000 Jobs Across Europe – Zerohedge
Auto industry revises 2019 car sales forecast to -1% – acea
MSCI Disappoints Pakistan Traders Hoping for a Downgrade – Bloomberg
Bank of Japan’s deputy chief signals room for pre-emptive easing to fend off risks – Reuters
Bayer buoyed by new approach to glyphosate lawsuits, Elliott stake – Reuters

 

 

Wednesday 06/26

Oil rallies and bitcoin smashes through $12,000 in nervous markets – business live – guardian
All eyes on Osaka as Xi and Trump prepare to talk trade at G20 – scmp

Weekly mortgage rates fall further, but only refinance applications rise – cnbc
In a rare occurrence, both stock and bonds are having a great year – cnbc
Atlanta Fed model trims U.S. second quarter GDP view to 1.9% – Reuters
“Monstrous” VaR Shock Looms As Global Bond Duration Hits All Time High – Zerohedge
Deutsche Bank: ‘Aggressive’ Central Banks Making Bitcoin More Attractive – investitute
Bitcoin Explodes Above $13,000 For First Since Jan 2018 And Everyone Wants To Know Why – Zerohedge
Global chipmakers rally on Micron’s upbeat results, Huawei shipments – Reuters
US Durable Goods Orders Plunge Most In 3 Years – Zerohedge
U.S. trade deficit in goods widens 5.1% to $74.5 billion in May – Marketwatch
A group of five stocks have gotten so big, they are essentially becoming the stock market – cnbc
Asia stocks dip after Fed tapers aggressive easing expectations – Reuters
Shares of Suzhou HYC, the first IPO on Shanghai’s new tech board, oversubscribed 336 times as investors join frenzy – scmp
Stock Love In A Time Of Zero Rates – Zerohedge

 

 

Tuesday 06/25

Gold hits six-year high as geopolitical tensions bubble – business live – guardian
China, Hong Kong markets fall ahead of high-stakes meeting of Donald Trump and Xi Jinping at G20 – scmp


Micron stock surges after hours as earnings top lowered expectations – Marketwatch
FedEx Corp. Reports Fourth Quarter and Full-Year Earnings – businesswire
New Home Sales Crash In May To Weakest Since 2018 – Zerohedge
Case-Shiller Home Price Appreciation Slows For 13th Straight Month – Zerohedge
What AbbVie’s $63 Billion Deal to Buy Allergan Says About the Drug Industry – fortune
AbbVie agrees to buy Allergan for about $63 billion in a cash-and-stock deal – cnbc

Japanese Investors Can Now Buy Chinese Stocks – caixin

 

 

Monday 06/24

Iranian tensions push oil higher as bitcoin smashes through $11,000 – business live – guardian
Gold price tops US$1,400 on investor jitters about Trump-Xi trade meeting at G20 – china business news live – scmp

Morgan Stanley Sees S&P 500 at Risk of 10% Drop in Third Quarter – Bloomberg
Anti-dollar trade makes outlook for gold much more bullish – cnbc
Micron could lose money by year-end, says Citi – Marketwatch
Daimler warning pressures European shares, eyes on G20 – Reuters
Monday Morning Memo: European Fund-Flow Trends – Bonds Weathered the Storm in May – lipper
German business sentiment lowest since 2014: Ifo – Reuters
Key Events This Week: All Eyes On The Osaka G-20 – Zerohedge
Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion – Reuters
Euro reaches three-month high as dollar sags on Fed easing prospects – Reuters
Daimler warns on 2019 profit outlook as diesel issues bite – cnbc
China’s A-shares market set for wider global appeal – xinhuanet
Beijing eases short-term liquidity for smaller financial firms, orders fifth brokerage in a week to lift fundraising quota – scmp