TOP MARKETS NEWS: Week 02/03 – 02/09

Weekend 02/08 & 02/09

China allocates $10.26 billion to fight coronavirus – Reuters
BANK OF AMERICA: There’s glaring evidence that 2 market bubbles are fast approaching their destruction. Here’s how exactly they will burst – mrtopstep

Coronavirus deaths top 800, surpassing SARS, as China heads back to work – Reuters

China blocks restart of Foxconn plants due to coronavirus: sources – asianikkei
Carmakers close Chinese factories because of coronavirus – Reuters
Coronavirus death toll hits 811 as virus claims more lives than 2003 SARS outbreak  – dailymail
WHO cautions that transmission of the new coronavirus outside of China could increase – stat
Week ahead: Goodbye corona, hello reflation – nordea

 

 


Friday 02/07

Business Live – guardian

S&P 500 EARNINGS SEASON UPDATE: FEBRUARY 7, 2020 – factset
Here It Is: One Bank Finally Explains How The Fed’s Balance Sheet Expansion Pushes Stocks Higher  – Zerohedge
Payrolls Revisions Wipe Out 520,000 Job Gains Under Trump – Zerohedge
German industry output suffers biggest slump since 2009 – Reuters
China, Hong Kong stocks close mixed as investors weigh growth prospects amid virus outbreak – scmp

 

 

Thursday 02/06

European stocks hit record high despite coronavirus outbreak – business live – guardian
Coronavirus: China deaths pass 560 as 10 more cruise passengers test positive – latest news – guardian

Is Euro the New “Yen”? – bk
Global economy starts 2020 on stronger footing with PMI at ten-month high – markit
WHO says too early to say coronavirus peaking in China – Reuters

“We Tactically Trim Risk”: JPMorgan Lists Four Reasons Why It Is Selling Stocks Here  – Zerohedge

Tesla Shares Plunge Again As Company Says It Will Shutter China Stores Due To Coronavirus – Zerohedge
ArcelorMittal forecast of steel pick-up, debt drop lifts shares – Reuters
China to halve tariffs on some U.S. imports as virus risks grow – Reuters
German industry orders slump on weak euro zone demand, outlook subdued – Reuters

 

 

Wednesday 02/05

Shares and oil prices jump after Chinese report of coronavirus treatment – business live – guardian

Amazon Drops After Bezos Sells $1.8 Billion In Stock – Zerohedge
Encouraging banks to tap Fed discount window could prevent another repo market freeze, says Quarles – Marketwatch
US Services Survey Improves But “Business Confidence Subdued” – Zerohedge
Coronavirus is the Black Swan that might finally sink the markets – telegraph
ADP Employment Data Shows Biggest Job Gain Since 2015 (Thanks To Mild Weather?) – Zerohedge
U.S. trade deficit shrinks in 2019 for first time in six years – Reuters

Private payrolls add 291,000 in January, vs 150,000 expected: ADP/Moody’s – cnbc
Futures Soar On Media Reports Of Drug Breakthroughs For Coronavirus – Zerohedge
Bank of Thailand cuts rates as risks from coronavirus rise – ing
Eurozone economy registers stronger growth at start of 2020 – markit
GERMAN Business activity growth accelerates to fivemonth high – markit

 

 

Tuesday 02/04

Opec to discuss coronavirus as Chinese oil demand slumps – business live – guardian

Tesla makes a run at biggest market ‘bubble’ ever – cnbc
Triple Threat Three Challenges Facing Active US Equity Funds – ssga
Earnings Roundup: Will Coronavirus Lead to Downward Revisions in 20Q1 Earnings? – lipperalpha
US Factory Orders Continue Year-Over-Year Decline – Zerohedge

Oil rebounds on potential for further OPEC+ supply cuts – Reuters
5 charts show why the global economy is more vulnerable now than during SARS – cnbc
Liquidity Panic Returns: Term-Repo Most Oversubscribed Since Start Of Repo Crisis As Fed Injects $94.5BN – Zerohedge
ConocoPhillips misses profit expectations, adds $10 billion to stock buyback program – Marketwatch

China Development Bank to sell $2 bln of special bonds to help battle virus – sources – Reuters
US, China Stocks Surge Higher After PBOC Injects Another 400 Billion Yuan – Zerohedge

 

Monday 02/03

Google just reported cloud revenue for the first time ever, showing that it’s growing fast but nowhere close to Amazon Web Services – businessinsider
Tesla stock rises the most in nearly seven years – Marketwatch
Coronavirus May Trigger China Officials To Cut 2020 Growth Target : Report – forbes
Oil Bear Market Sends Tanker Rates Plunging, Hopes For Global Rebound Fade – Zerohedge

Rat versus Swan – breakingviews
Democrats Gather For Iowa Caucus, Here’s What To Expect – Zerohedge
“Weakness Looks Broad-Based” – US Manufacturing Survey Hits 6-Month Highs (Or 3-Month Lows) – Zerohedge
Ninth case of fast-moving coronavirus confirmed in U.S. – Reuters

The impact of coronavirus for investors – morningstar
Virus worries wipe $420 bln off China’s stock market – Reuters
Wuhan Begins Human Trials Of New Gilead Coronavirus Vaccine – Zerohedge
Key Events This Week: Never A Dull Moment – Zerohedge
China markets suffer steep declines as Beijing fails to stem panic selling amid coronavirus outbreak – scmp
China’s industrial profits post first annual decline in four years – Reuters
China January factory activity growth slows to five-month low: Caixin survey – Reuters