TOP MARKETS NEWS: Week 10/28 – 11/06

Friday 11/01

Business Live – guardian
Business Live – bbc

Chinese Business Live – scmp

October job creation easily tops estimates even with auto strike – cnbc
South Korea October exports fall most in 4 years but government says worst may be over – Reuters
China Oct. factory activity expands at fastest pace in over two years: Caixin PMI – Reuters

 

 

 

Thursday 10/31

Hong Kong protests drag economy into recession – business live – guardian
BBC Business Live – bbc

PetroChina falls as quarterly profit drops 58 per cent; Hong Kong cuts – scmp

Lipper U.S. Weekly FundFlows Insight Report: Funds Record Net Inflows for the Ninth Straight Week, Paced by Money Market Funds – lipperalpha
Chicago PMI Plunges To Worst Drop In 39 Years – Zerohedge
US Incomes, Spending Accelerated In September As Fed’s Favorite Inflation Signal Slowed – Zerohedge
GDP up by 0.2% in the euro area and by 0.3% in the EU28 – EUROSTAT
BNP Paribas profit falls as revenue rises – Marketwatch
Global Carmageddon Continues: Pirelli And VW Warn About “Worsening Market Scenario” – Zerohedge
Shell’s third-quarter profits fall 15%, launches next phase of its share buyback program – cnbc
China’s factory activity shrinks at sharper pace, services weaken as risks grow – Reuters

China’s Manufacturing PMI falls due to global economic slowdown – gt
Hong Kong’s first recession in a decade could be even worse than feared – cnn
Investors are creeping away from the property market at a rate not seen before, as Australians start to actually pay down their debt – businessinsider
China central bank surprises with no October TMLF loans despite weak data – Reuters
Chinese Central Bank Intervenes to Stem Bank Run in Henan Province – chinabankingnews

 


Wednesday 10/30


France beats forecasts with 0.3% growth, but German unemployment rises – business live – guardian
Banknote maker De La Rue warns on profits again – business live – bbc
Chinese Business Live – scmp

“How Bull Markets End” – Wells Fargo Prepares Clients For Economic Downturn – Zerohedge
Apple’s iPhone sales beat estimates but are still down 9% versus last year – cnbc
“It Won’t Be Suffient”: Wall Street Reacts To Powell’s Final Hawkish “Insurance Cut” – Zerohedge
Peugeot Board Approves Merger With Fiat Chrysler, Creating European Auto Giant – Zerohedge
Fed Cuts Rates Again, But Drops “Act As Appropriate” Pledge Signaling It Is Done Cutting – Zerohedge

The US economy slowed less than expected in the 3rd quarter amid strong consumer spending – businessinsider
Algos Freak Out As Chile Cancels APEC Summit – Zerohedge
Private payrolls increase by 125,000 in October, topping expectations – cnbc

German jobless total rises more than expected in October – Reuters
German exports to shrink next year, first fall since global financial crisis: DIHK – Reuters
Less Savings, More Debt: How Chinese Manage Money American-Style, in 17 Charts – wsj
Huawei tightens grip on China smartphones with record 42% share in third quarter: Canalys – Reuters
China’s Biggest Banks Prepare for Hard Times – Bloomberg
UK rolls the dice on Brexit election – politico
Sony logs record second-quarter profit on robust sales of image sensors for smartphones – Reuters
French growth beats expectations in third quarter after Macron splashes out – Reuters
Volkswagen reports higher earnings, but cuts deliveries view on auto slowdown – Marketwatch
China Steelmaker Default Sparks Debt Contagion Fear in Province – Bloomberg
Credit Suisse profit soars and beats expectations – Marketwatch

Deutsche Bank posts loss as restructuring bites – Marketwatch
Fiat Chrysler and Peugeot owner in merger talks – bbc

 

 

Tuesday 10/29

Business Live – guardian
HSBC drops again, WH Group is top percentage gainer in Hong Kong – china live news – scmp

China’s blockbuster convertible debt sale draws bids equal to size of Indonesia’s economy as investors seek safer bets – scmp
Stocks, Yuan Tumble On US-China Trade Headlines – Zerohedge
Saudi Aramco aims to begin planned IPO on Nov. 3: sources – Reuters

 

 

 

Monday 10/28

Business Live – guardian

Goldman Slashes GDP Forecast After Wholesale Inventories Tumble In September – Zerohedge
He warned the Fed might lose control over a $2 trillion interest-rate market. Now he says it might happen again. – Marketwatch

U.S. trade deficit in goods narrows in September – Marketwatch
Key Events In This Extremely Busy Week: FOMC, Payrolls, GDP, PMIs, And Peak Earnings – Zerohedge
Luxury goods giant LVMH eyes $14.5bn Tiffany takeover – bbc
EU Approves Brexit Delay Until Jan. 31 As Johnson Hopes To Trigger General Election – Zerohedge