TOP MARKETS NEWS: Week 07/29 – 08/04

Thursday 08/01

Business Live – guardian
Hong Kong property stocks tumble as GDP data underscores weakness in city’s economy – scmp

After Powell’s ‘mid-cycle’ debacle, the dollar might be king – Marketwatch
Bank of England cuts growth forecasts as Brexit and global worries mount – Reuters

Euro zone July factory activity contracts at fastest rate in six years – Reuters

Germany Manufacturing PMI at seven-year low as downturn gathers pace – markit

Siemens profit drops as industrial conglomerate blames trade tensions – Marketwatch
Shell profit drops as lower oil prices offset rising production – Marketwatch
With Fed’s ‘insurance’ cut, Powell takes cue from Greenspan – Reuters
BMW Profit Drops on Development Costs for Electric Vehicles – Bloomberg
Central banks make record $15.7bn gold purchases – ft
Hong Kong follows US Fed in cutting interest rate for the first time since 2008 as trade war weighs down on world economy – scmp
Caixin: China’s manufacturing improves in June – Marketwatch

 

 

 

Wednesday 07/31

Business Live – guardian
Trading halted in Hong Kong due to Typhoon Wipha – scmp

Fed Cuts by 25bp & Here’s 3 Reasons Why Dollar Rallied – bk
The Fed’s pre-emptive strike – ing
The Fed comes up with an interest rate cut that will please nobody – guardian

The two words from Jerome Powell that rocked the financial markets – cnbc

Powell Pivot Complete – Fed Cuts Rates For First Time In 11 Years, Faces Two Dissents – Zerohedge

Chicago PMI Crashes Near Post-Crisis Lows – Zerohedge

UBS plans negative interest rate for rich clients – ft

ADP Employment Data Rebounds But Small Business Bloodbath Continues – Zerohedge
GE posts loss, takes Boeing hit but raises forecast; CFO to leave – Reuters
Goldman raises its 2019 target for S&P 500, projects another 10% rise in 2020 – Marketwatch

 

 

Tuesday 07/30

Pound suffers further slide after Boris Johnson takes Brexit hard line – business live – guardian
Hong Kong, China stocks off to upbeat start as US-China trade talks get under way – scmp

Apple heads back toward $1 trillion territory after earnings beat, optimistic forecast – Marketwatch
Fed’s Favorite Inflation Signal Remains Slow As Savings Rate Stabilizes – Zerohedge

As Trade Talks Begin, Trump Lashes Out At China In Angry Tweetstorm – Zerohedge

Sweden’s Economy Unexpectedly Contracts in Blow to Central Bank – Bloomberg

Lufthansa second-quarter earnings fall on rising fuel costs and price wars – Reuters

Bayer says 2019 profit goal becoming a stretch – Reuters

French second-quarter growth slows unexpectedly to 0.2% – Reuters

As trade war bites, China’s factories set for third month of shrinking activity: Reuters poll – Reuters
Low expectations for China-US trade talks – globaltimes
Bank of Japan hints at more easing if inflation sputters, keeps policy steady – Reuters

 

Monday 07/29

Sterling hits new two-year low as ministers prepare for no-deal Brexit – business live – guardian
Hang Seng falls as concerns about protests grow – scmp

What Do You Get for the Central Bank That Already Bought Everything? – wsj
China’s Economy Weakened Further in July, Early Indicators Show – Bloomberg

Monday Morning Memo: European Fund Industry Review H1 2019 – lipperalpha

UK ups no-deal Brexit planning as doubts grow over its readiness – cnbc
Here It Comes: The Most Important Week Of The Year – Zerohedge
LSE’s $27 billion Refinitiv takeover plan lifts its shares to record – Reuters
The euro area relies excessively on monetary easing – cnbc
Europe’s Mifid rules on ETFs help to pump up the volume – FT
The Home of Ultra-Low Rates Has a Warning for the World – Bloomberg