TOP MARKETS NEWS: Week 03/22 – 03/28

March 22, 2021
  

Weekend 03/27 & 03/28

Biden will roll out another COVID relief plan in April on top of $1.9 trillion American Rescue Plan, Jen Psaki reveals – dailymail
FX weekly: Nothing else matters (than the USD) – nordea
Oil Tanker Rates Surge As Suez Canal Blockage Continues – Zerohedge
Soros Asset Management Is Betting Big On “Crypto Infrastructure” – Zerohedge
French COVID-19 patient numbers rise again, adding to pressure for new lockdown – Reuters
Was This The Fund That Sparked The Massive Media Stock Liquidations Yesterday? – Zerohedge
RECORD-HIGH NUMBER OF S&P 500 COMPANIES ISSUING POSITIVE EPS AND SALES GUIDANCE FOR Q1 – factset
New Zealand Central Bank Bucks Global Spend-Trend, Will ‘Manage’ Soaring Home Prices – Zerohedge
Week ahead: Who’s better at reading tea leaves? – nordea
Here are 17 food companies that have warned about rising inflation – yahoofinance
Economic preparation for the next pandemic – voxeu

 


Friday 03/26

Business Live – guardian

Media & Momo Meltdown, Small Caps & SPACs Slammed As Bonds & The Buck Bounce – Zerohedge
Americans’ Income Collpsed By Most On Record In February – Zerohedge
Credit Suisse Considers Repaying Furious Clients As Greensill Losses Tally $3 Billion – Zerohedge
Euro zone banks have enough capital to withstand pandemic hit – IMF – Reuters
“We Don’t Have The Money”: Argentina Warns It Will Default Again – Zerohedge
Burberry becomes first luxury brand to suffer Chinese backlash over Xinjiang – Reuters
Xiaomi says to launch its own computer chip on March 29 – Reuters
EMERGING MARKETS-Focus on recovery rhetoric help most Asian shares rise – Reuters
Biden doubles 100-day vaccine goal to 200 million – yahoofinance
Asia-Pacific stocks rise; Xiaomi surges in Hong Kong after report of electric vehicle partnership – cnbc
Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant – sources – Reuters


Thursday 03/25

Business Live – guardian
Quarter-end rebalancing could present headwinds for Wall Street – Reuters

U.S. Congress approves extension of small business Paycheck Protection Program – Reuters
Banks stocks rise after hours as Fed sets date to lift buyback, dividend restrictions – cnbc
Stocks Dump’n’Pump; Dollar Gains Amid Bitcoin, Bond Pain – Zerohedge
Dow climbs 199 points in late-day rebound led by stocks benefiting from reopening – cnbc
British electric vehicle firm Arrival sinks in SPAC debut – cnbc
JPMorgan Finds No Bounce In Retail Trades Despite New $1,400 Stimmy Checks – Zerohedge
Another Ugly, Tailing 7Y Treasury Auction Spikes Yields – Zerohedge
U.S. tech companies use their expensive stock to pay for acquisitions – Reuters
Non-Profitable Companies Implode Amid Flashbacks Of The Dot Com Crash – Zerohedge
U.S. pledges to slash solar energy costs by 60% in a decade – Reuters
DB Sees “The Next 5%-10% Pullback” Some Time In Q2 – Zerohedge
U.S. bank profits may leap, then fade, as investors look under the hood – Reuters
Cryptos Are Crashing Amid Bitcoin ‘Ban’ Fears & Record Options Expiration – Zerohedge
Why Corporations Are Terrified Of China: Nike, H&M Tumble After Boycott Begins Over Xinjiang Criticism – Zerohedge
Fidelity Continues Retail Bitcoin Push With New ETF – Zerohedge
Q4 GDP Grow More Than Expected In Final Revision; Finance Was Biggest Contributor To Q4 Real GDP – Zerohedge
Marko Kolanovic Says Stop Blaming Rebalancing for Stock Losses – bloombergquint
The Number Of Americans On Jobless Benefits Rose Last Week, Despite Initial Claims Drop – Zerohedge
Treasury yields are flat as Powell hints at one day removing support – cnbc
Stocks making the biggest moves in the premarket: Rite Aid, Coherent, RH, Nike & more – cnbc
“What’s Going On?” – SEC Opens Probe Into Wall Street’s SPAC Mania – Zerohedge
What you need to know about the coronavirus right now – Reuters
Bank of America Expects The S&P To Return Just 0.2% Over The Next Decade – Zerohedge
Ryanair to fly at 80% of pre-Covid levels by July – thetimes
UBS says stocks have 5% to 10% further to run, but watch out for this yield level – cnbc
Analysis: Infrastructure bill could fuel stocks, but investors temper enthusiasm – Reuters
Hang Seng Enters Correction as Vaccination Halt Worsens Selloff – bloombergquint
Asian stocks trip on China tech woes, some cyclical shares bought – Reuters
Chinese tech stocks fall as U.S. SEC begins rollout of law aimed at delisting – Reuters
Indian shares fall 1% as surging coronavirus cases spook investors – Reuters

 

Wednesday 03/24

Business Live – guardian
Stock market news live updates: Stocks mixed as tech shares decline – yahoofinance

S&P 500 reverses gains and closes lower as tech sells off, Nasdaq falls 2% – cnbc
Bitcoin gives up most of gains and moves back toward unchanged – forexlive
Cruise Stocks Slide As CDC Extends Moratorium Until November – Zerohedge
SPAC trading pops deflate as ‘exuberance and greed’ depart – Reuters
Kuroda Put: The BOJ Just Bought The Most Stocks In 2021 To Halt Topix Rout – Zerohedge
Crypto is a ‘speculative vehicle’ and should be regulated, says boss of central bank group BIS – cnbc
Oil Soars As Suez Canal Blockage Continues, Megaship “Likely Damaged”, Traffic Can’t Pass – Zerohedge
Buying a Tesla using bitcoin? It could mean a tax bill – cnbc
Lousy 5Y Auction Flashes Red Ahead Of Tomorrow’s Critical 7-Year – Zerohedge
Stagflation Strikes As PMIs Signal Slowing Production, Soaring Costs – Zerohedge
Durable Goods Orders Unexpectedly Tumble In February As Auto Shipments Slump – Zerohedge
India detects ‘double mutant’ coronavirus variant in western state – Reuters
2021’s Bond ‘Bloodbath’ Is The Worst In Decades – Zerohedge
Short interest in GameStop declined to 15% vs 141% at peak – S3 – Reuters
GameStop tumbles after Reddit darling considers share sale – Reuters
Bostic expects Fed to lift rates in 2023 – WSJ – Reuters
Euro zone business activity rebounded in March but renewed lockdowns to hurt – Reuters
Wall Street Hails Tesla’s Decision To Accept Payment In Bitcoin As “Seminal Moment” – Zerohedge
Musk says Tesla vehicles can now be bought using bitcoin – Reuters
Europe’s stocks head for negative open amid concerns over recovery, PMIs ahead – cnbc
Asian shares slip, dollar rises on flight to safety – Reuters
Chinese Stocks Tumble To 2021 Low, Hong Kong Enters Correction As Central Bank Support Fades – Zerohedge
Hong Kong, China shares slump as policy tightening concerns persist – Reuters
Kiwi QE Fail: NZ Bond Yields Plunge After Failed QE Operation – Zerohedge


Tuesday 03/23

European lockdown worries and rising China-west tensions weigh on markets – business live – guardian
Biden team turns focus to $3tn infrastructure plan – US politics live – guardian
Pension funds have to buy bonds to rebalance portfolios and that might be good for stocks – cnbc
Watch Live: Powell, Yellen Tell Congress Economic Recovery Has A Long Way To Go – Zerohedge

Dow closes 300 points lower as Caterpillar leads afternoon slide – cnbc
Morgan Stanley Identifies The Source Of Massive Treasury Selling – Zerohedge
Turmoil sees markets price in double-notch Turkey sovereign rating cut – Reuters
Bitcoin Transfer Worth $806M Might Reveal Big Institutional Purchase – coindesk
Yellen says post-crisis plans will move to infrastructure, taxes – Reuters
Bank Of Canada Ends All Pandemic Bailout Facilities – Zerohedge
German businesses say Easter lockdown will fuel bankruptcies – Reuters
Kiwi Crumbles As New Zealand Targets Speculators To Burst “Dangerous” Housing Bubble – Zerohedge
“Get Ready For Some Serious Sticker Shock Very Soon: This Jump In Inflation Won’t Be Transient” – Zerohedge
Biden’s Solar Energy Plan Has A Major Space Problem – Zerohedge
Younger crypto investors do it for ‘thrills’, UK financial watchdog says – Reuters
Rabobank: There Are Only Two Logical End-Points We Travel Towards – Zerohedge
After a big first year, expect smaller and choppier gains from the rest of this bull market – cnbc
The Best 12 Months Since 1936 – Zerohedge
What investors have learned one year since the stock market bottomed – cnbc
Stocks making the biggest moves in the premarket: AstraZeneca, ViacomCBS, SunRun & more – cnbc
The Collapse Of Greensill: ‘Unwise Enablers’ & A Dearth Of Due Diligence – Zerohedge
WTI Tumbles Back Below $60 As Contango Returns – Zerohedge
European stocks slide on concerns over new virus wave – Reuters
AstraZeneca may have included outdated information in Covid vaccine trial, U.S. health agency says – cnbc
U.S. stimulus will cause ‘positive spillovers’ in Europe, ECB chief economist says – cnbc
Bank of Japan backs away from ETF buying scheme – ft
Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong – cnbc
China’s Baidu posts tame HK debut as investors wary of fundraising spree in city – Reuters
Treasury yields haven’t peaked yet as experts say 10-year rate could hit 2% – cnbc
GLOBAL MARKETS-Shares slip, dollar creeps up as markets await Powell and Yellen – Reuters
American Rescue Plan: China faces foreign outflows threat, with instability fuelled by US $1.9 trillion coronavirus relief – scmp
Baidu becomes first technology giant to make a flat debut in Hong Kong stock market this year as investors spurn the pivot by China’s dominant search engine towards artificial intelligence – scmp
All Hell Breaks Loose In Turkey: Stocks Halted, Overnight Lira Implied Rate Hits 10,000% – Zerohedge
China’s monetary policy is shifting more quickly than it did after the 2008 financial crisis – cnbc
WHO says most regions of the globe are seeing an increase in Covid cases as variants spread – cnbc


Monday 03/22

Turkey’s lira and stock market tumble after central bank chief’s sacking – business live – guardian
Germany Extends COVID Lockdown, UK Scientist Warns Summer Travel Unlikely As 3rd Wave Worsens – Zerohedge

Airline Stocks Hit Turbulence On Europe Gloom Despite Soaring US Air Travel – Zerohedge
Tesla rallies after Ark Invest predicts $3,000 stock price – Reuters
First Approved Brazilian Bitcoin ETF Seeks To Raise 500 Million BRL ($90,000,000 USD) – forbes
First Details Of Biden’s $3 Trillion “Build Back Better” Infrastructure Plan Have Just Leaked – Zerohedge
SkyBridge’s Scaramucci files to launch bitcoin ETF with First Trust Advisors – Reuters
Powell calls cryptocurrencies ‘not really useful stores of value’ and says Fed will move slowly – cnbc
Powell Slams Bitcoin, Says Crypto More A Substitute For Gold Than Dollar – Zerohedge
Fed’s National Activity Index Crashed In February – Zerohedge
Credit Cards Slash $99 Billion From Spending Limits During Pandemic – Bloomberg
German economy is slumping on anti-virus curbs, Bundesbank says – Reuters
Analysis: Electric shock – German auto stocks get a new lease of life – Reuters
European markets mostly lower, with investors watching Turkey; travel stocks fall on virus fears – cnbc
Key Events This Week: PMIs And Powell Trifecta – Zerohedge
SNB balance sheet nears 1 trillion francs after FX spending – Reuters
Third Covid wave hits Europe: Lockdowns imposed and vaccines remain a problem – cnbc
Fresh travel warning for Britons hits airline stocks – Reuters
Japanese shares tumble after chip plant fire, car makers hit – Reuters
Japan falls 2% in mixed Asia-Pacific trading day; Turkish lira weakens sharply against the dollar – cnbc
BOJ bought 50.1 billion yen of Japan stock ETFs on Monday-central bank data – Reuters
Analysis: Turkey steps into abyss with latest central bank boss ousting – Reuters
Capital Controls Imminent As Turkey Slides “Beyond Point Of No Return” – Zerohedge
Charts show that Europe’s third coronavirus wave has begun – cnbc
Goldman’s Clients Are Starting To Sweat The Coming Tax Hikes – Zerohedge
Saudi Aramco profit slumps 44% after Covid-battered year, but maintains dividend – cnbc

 

 

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