TOP MARKETS NEWS: Week 07/013 – 07/19

Friday 07/17

Markets hope for progress over EU recovery fund – business live – guardian

Tesla stock price target doubled to $1,400 by Credit Suisse as analysts caution any upset could trigger a correction – Marketwatch
Hong Kong stocks rise as bargain hunters swoop in to take advantage of rout; Kweichow Moutai jumps – SCMP
Asia stocks rebound, hopes of more stimulus offset virus worries – Reuters

Thursday 07/16

China avoids Covid-19 recession with 3.2% growth in last quarter – business live – guardian
Stocks making the biggest moves in the premarket: Morgan Stanley, Bank of America, Twitter, J&J & more – cnbc

Netflix shares fall after earnings miss, weak subscriber guidance for third quarter – cnbc
Netflix Slumps as Earnings Miss in Q2; Sees Weaker Q3 Subscriber Growth – investing
Foreigners Bought A Record Amount Of US Stocks In May, Sold Treasuries – Zerohedge
It Starts: Mortgage Delinquencies Suddenly Soar At Record Pace – Zerohedge
California’s Top Oil Driller Files for Bankruptcy Protection – Bloomberg
Rebound in retail sales could fizzle out if virus isn’t contained – Marketwatch
Morgan Stanley shares rise after quarterly results blow past expectations on strong trading – cnbc
Bank of America shares drop as it sets aside another $4 billion for coronavirus-related loan losses – cnbc
ECB Keeps QE, Rates Unchanged – Zerohedge
Japanese Investors Dump Record $34 Billion in Foreign Stocks in One Week – Bloomberg
In Less Than 14 Days, The Government Will Sever Its $600 Per Week Unemployment Lifeline – Zerohedge
TSMC posts biggest profit beat in six years as it weathers pandemic, Huawei ban – scmp
Billionaires look to exit equities after turning quick profit – Reuters
China’s national champion chipmaker becomes its biggest listing in a decade – fortune
Hong Kong, China stocks slide even as data shows pace of economic recovery is quickening on the mainland – scmp
China’s second-quarter GDP grows 3.2% year-on-year, beats expectations – Reuters

 

 

Wednesday 07/15

Business Live – guardian
Stock market live updates: Dow up 300, reopening trades rocket higher, Goldman rises – cnbc

Biden maintains lead over Trump in 2020 swing states, new CNBC/Change Research poll says – cnbc
Banks Brace For A Historic Crash With Record Loss Provisions – Zerohedge
EU summit preview: Is the impossible within reach? – ing
Moderna stock surges after releasing promising coronavirus vaccine trial data – cnbc
US Manufacturing Production Rebounds In June By Most In 75 Years – Zerohedge
American Express downgraded at J.P. Morgan, as outlook on consumer finance deteriorates – Marketwatch
Goldman Smashes Expectations, Reports Second Highest Revenue In History On Blockbuster FICC Results – Zerohedge
Goldman just put out a long-term forecast that sees 90% chance stocks beat bonds over 10 years – cnbc
Goldman Sachs shares jump as earnings blow past the Street on the best trading results in years – cnbc
European court annuls EU’s U$15 billion Apple tax decision – SCMP
Positive news on Oxford/AstraZeneca COVID-19 vaccine could come on Thursday – ITV – Reuters
Central Banks Buy Another 40 Tons Of Gold In May – Zerohedge
Google is investing $4.5 billion in India’s mobile internet giant Reliance Jio and the 2 will make a new affordable Android phone – businessinsider
Don’t Look Now, But This Airline Just Cancelled All International Flights Until March 2021 Due To COVID – Zerohedge
SMIC’s Shanghai listing tests if money alone can bring chip dominance to China – Reuters
BOJ stands pat on policy, sticks to cautious recovery view – Reuters

 

 

 

Tuesday 07/14

UK economy grew 1.8% in May as recovery from Covid-19 slump begins – business live – guardian

Citigroup reports better-than-expected earnings on strong trading results – cnbc
Wells Fargo shares tumble 5% after posting $2.4 billion loss, dividend slashed to 10 cents – cnbc
JPM Beats Expectations On Record Trading Revenue While Credit Loss Reserves Soar – Zerohedge
JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit – cnbc
China’s Hottest Stocks Sink as Beijing Cools Speculative Fervor – Bloomberg
Delta posts second-quarter net loss of $5.7 billion, biggest in more than a decade, driven by coronavirus – cnbc
U.K. economy grew less than expected in May as coronavirus lockdowns began easing – cnbc
China June exports unexpectedly rise as economies reopen, imports up – Reuters

 

 

 

Monday 07/13

Markets strengthen amid economic recovery hopes – business live – guardian
Stocks making the biggest moves in the premarket: PepsiCo, Analog Devices, Carnival, Pfizer & more – cnbc
Dow futures rise more than 200 points as Pfizer, BioNTech vaccines get ‘fast track’ status – cnbc

Stocks Slide After Fed’s Kaplan Says Emergency Facilities To Be Pulled Back As Economy Improves – Zerohedge
TSLA Plunges Into Red, Stocks Slammed Lower On Kaplan Comments – Zerohedge
Where to invest in Europe for a coronavirus recovery – cnbc
Where Europe should spend its money if it wants a maximum recovery from the crisis, according to Morgan Stanley – cnbc
NovaBay Pharmaceuticals Announces Laboratory Results Confirm Avenova Kills SARS-CoV-2 (COVID-19 Virus) – businesswire
Goldman starts Disney with buy rating, predicting big Disney+ subs and full parks recovery – cnbc
The “Too Big To Fail” Banks Are Getting Ready For Their Worst Quarter Since The Financial Crisis – Zerohedge
Oil prices fall with OPEC+ seen preparing to ease production curbs – cnbc
Pfizer, BioNTech’s coronavirus vaccines get FDA’s ‘fast track’ status – cnbc
PepsiCo beats revenue estimates on snacking boost – Reuters
Key Events In The Coming Week: Here Comes The Worst Earnings Season Since The Crisis – Zerohedge
Chinese Smartphone Shipments Slump In June, Casting Doubts On Economic Revival – Zerohedge
China’s Stock Market Closes In on $10 Trillion Milestone After Its Biggest Crash – Bloomberg