TOP MARKETS NEWS: Week 10/10 – 10/16

October 9, 2022
  

Weekend 10/15 & 10/16

Top 5 Things to Watch in Markets in the Week Ahead – investing
China’s Lockdowns Take Toll on Limping Economy: Eco Week Ahead – bbg
Xi warns against foreign interference in Taiwan, says China will ‘never promise to renounce’ force – cnbc

Here’s What China Experts Are Saying About Xi’s Big Speech – bbg
China Traders See Tech Focus, More Covid Gloom After Xi’s Speech – bbg
Your Sunday Asia Briefing: ‘Dangerous Storms’ Are Ahead – bbg
Soaring Dollar Leaves Food Piled Up in Ports as World Hunger Grows – bbg
Bruised Bond Bulls See Rate-Hike Pain Sowing Seeds of 2023 Rally – bbg
China’s Communist Party National Congress to wrap up Oct. 22 – asinanikkei
Your Saturday Briefing: Troubling Times for US and UK – bbg
ECB Policymakers Put Balance Sheet Run-Off on the Table – Reuters
Goldman Cuts December ECB Rate Hike Outlook to 50 Basis Points – bbg
How Britain’s Pension Scheme Hedge Became a Trillion Pound Gamble – Reuters
Diesel Hits Chaos Mode in Fresh Blow for Global Economy – bbg
Charting the Global Economy: IMF Warns of Deteriorating Outlook – bbg
New York Diesel Is So Scarce Traders Are Turning to Unusual Source – bbg
Undervalued US Stocks Could Soar 30% Next Year, Siegel Says – bbg
US Earnings to Watch: Bank of America, Goldman, Netflix, Tesla, Snap – bbg
Global Finance Leaders Single Out China as Barrier to Faster Debt Relief – Reuters
Mark Carney: ‘Doubling down on inequality was a surprising choice’ – ft

 

Friday 10/14

Business Live – guardian
Take Five: Calm or Calamity? – Reuters
China’s Inflation Remains Subdued on Lockdowns, Commodity Prices – bbg
China Central Bank to Step up Policy Measures to Boost Economy Ahead of Party Congress – Reuters
Wall Street Banks’ Profits Slide as Economic Clouds Loom, Some Beat Forecasts – Reuters
Cue Dollar Squeeze Panic: Fed Sends A Record $6.3 Billion To Switzerland Via Swap Line – Zerohedge
UK PM Liz Truss announces another huge U-turn and names Jeremy Hunt as finance minister – cnbc
UMich Inflation Expectations Unexpectedly Jumped In October – Zerohedge
Yellen Says New IMF SDR Allocation Not Appropriate at This Time – Reuters

ECB’s Rehn Sees QT Starting in 2023 Once Neutral Rate Is Reached – bbg
ECB Should Start Shrinking Balance Sheet Next Year, Nagel Says – bbg
Tesla Sinks 50% From November Record High as Troubles Pile Up – bbg
Cathie Wood’s Main ETF Closes at Five-Year Low in 78% Drop From Record – bbg
Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company – cnbc
Stocks and Bonds hit as inflation expectations rise – Newsquawk US Market Wrap
BofA Sees Glimmers of Hope as Pain Lingers for Stock Investors – bbg
Up to 15 years of gains wiped from some gilt ETFs – ft
Catrusstrophe & Consumer Prices Clobber Bonds, Bullion, & Big-Tech – Zerohedge
Dow closes 400 points lower to end a wild week of trading – cnbc
L&G Brings Forward Pension Cash Requests to Avoid BOE Cliffedge – bbg
Europe Set to Allow Bank Guarantees to Ease Energy Margin Chaos – bbg
Harvard loses money in 2022 fiscal year as tumbling stocks hurt endowments – Reuters
Deflation Will Become The Problem When “Something Breaks” Zerohedge
Stocks making the biggest moves midday: JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more – cnbc
Comparing The Speed Of US Interest Rate Hikes (1988-2022) – Zerohedge
Fed Is Set to Target Even Higher Rates as Inflation Stays Stubborn – bbg
US Year-Ahead Inflation Views Rise for First Time Since March – bbg
US Treasury Asks Major Banks if It Should Buy Back U.S. Government Bonds – Reuters
UK Bonds Surge at Open on U-Turn Bets After Week of Market Chaos – bbg
As Citi’s Traders Struggle, Consumers Prop Up the Bank’s Profit – bbg
Citigroup reports 25% decline in third-quarter profits but tops revenue expectations – cnbc
Citigroup Beats Profit Estimates as Rate Hikes Bolster Lending Business – Reuters
U.S. Equity Funds Face Outflows for Third Successive Week – Reuters
Global Equity, Bond Funds See Outflows for Eighth Successive Week – Reuters
Wells Fargo Profit Falls on Sales Scandal Costs, Higher Reserves – Reuters
Natural Gas Heads for Longest US Losing Streak in 21 Years – bbg
IMF Support Surges to Record, With $700 Billion to Deploy – bbg
Real US Retail Sales Tumble (Again) In September – Zerohedge
US Retail Sales Stagnate as Inflation, Rates Hit Consumers – bbg
Futures Flat Amid Firehose Of News, Start Of Earnings Season – Zerohedge
Euro Zone Bonds Ease as Inflation Regains Centre-Stage – Reuters
’60/40′ Portfolios Are Facing Worst Returns in 100 Years: BofA – Reuters
UBS Joins Wall Street Chorus Warning of More US Credit Defaults – bbg
Morgan Stanley Slides After Equity Trading, Investment Banking Revs Miss – Zerohedge
Morgan Stanley Profit Misses Estimate as Deals Drought Extends – Reuters
Morgan Stanley posts third-quarter profit miss as investment banking revenue collapses 55% – cnbc
JPM Beats Thanks To Record Net Interest Income Despite Surge In Credit Loss Provisions, $1 Billion In “Investment Security Losses” – Zerohedge
JPMorgan Profit Beats Estimates on Gains From Higher Interest Rates – Reuters
JPMorgan Chase tops analysts’ estimates for third-quarter profit on gains from interest income – cnbc
Rates Spark: Keeping up the hawkish pressure – ing
BofA Strategists See More Pain in Store Before Stocks Reach Low – bbg
UnitedHealth Expects Strong 2023 Earnings as COVID Costs Ease – Reuters
UK money funds draw ‘gigantic’ inflows as pensions build up war chests – ft
Citi Says Dollar Peak Will Only Come When World Economy Recovers – bbg
German Car Industry Baulks at Supplier Demands Over Energy Hikes – Reuters
German Wholesale Prices Jump Further in September – Reuters
ECB’s Maijoor Calls for Bank Dividend Restraint as Economy Slows – bbg
European markets rise on UK fiscal U-turn hopes; Stoxx 600 up 1.5% – cnbc
Marketmind: Shaken but Not Stirred – Reuters
Analysis-ECB ‘QT’ May Be Next Challenge for Tumultuous Markets – Reuters

Asia News
Texas Pension With $184 Billion to Halve China Stock Allocation – bbg
Rising Rates Evoke Fears of 1990s Asia Crisis for Emerging Markets – bbg
Asia Spent $50 Billion in September to Defend Currencies From Strong US Dollar – bbg
Asian Shares Rally on China Stimulus, UK Fiscal U-Turn Hopes – Reuters
Japan stocks up more than 3%, Asia markets gain after Wall Street’s rally – cnbc
China’s consumer prices jump by the most in more than two years – cnbc
China Stocks Jump Before Party Congress, Aiding Big Asia Rally – bbg
Asia Stocks Set to Join Wild Ride Higher After CPI: Markets Wrap – bbg

 

Thursday 10/13

Business Live – guardian
ECB Staff Sees Lower Rate Peak Than Market, Sources Say – Reuters

ECB Presentation Envisages Start of Balance Sheet Rundown in Q2, Sources Say – Reuters
G-20 Warns of Rising Risks, Calls for Coordinated Responses – bbg
Why Stocks Swung Nearly 5% in One Day – bbg
Stocks and Dollar whipsaw after hot CPI – Newsquawk US Market Wrap
Soaring CPI & Extreme Pre-Positioning Sparks Massive Swings Across Markets – Zerohedge
Dow closes 2.8% higher after 1,300 point intraday turnaround – cnbc
Stocks making the biggest moves midday: Digital World, Domino’s, Revlon, Albertsons and more – cnbc
With Just 26 Days of Heating Oil, US Households Face Costliest Winter in Decades – bbg
IMF’s Georgieva Says 28 Countries Have Expressed Interest in New IMF Support – Reuters
Stocks Erase CPI Losses After ECB Headlines – Zerohedge
Netflix Plans to Launch $7-a-Month Streaming Plan With Advertising – bbg
IMF Draws Up Nightmare Scenario Of Housing Crisis – Zerohedge
Instant View: US Sept CPI Fortifies Case for Fed Hawkishness – Reuters
As the Western world looks for ‘Western fuel,’ Canadian nuclear fuel firm is buying into Westinghouse Electric Co. – post-gazette
US Retirees Get a 8.7% Boost in Social Security, Most Since 1981 – bbg
US Mortgage Rates Surge to Highest in 20 Years, Reaching 6.92% – bbg
US Core CPI Surges To 40 Year Highs; Food & Shelter Costs Soar – Zerohedge
Here’s the inflation breakdown for September 2022 — in one chart – cnbc
Core U.S. inflation rises to 40-year high, securing big Fed hike – bbg
Time Isn’t Right to Raise Inflation Targets From 2%, IMF Says – bbg
Futures Rip Higher Amid Reports Of Truss Mini Budget “U-Turn” As CPI Looms – Zerohedge
Delta Expects Unquenched Demand for Travel to Fuel Profit – Reuters
Delta forecasts another profit after summer boom drives record revenue – cnbc
Pound, Gilts Surge as UK Officials Discuss U-Turn on Tax Cuts – bbg
OPEC+ Cuts Risk Oil-Price Spike and World Recession, IEA Warns – bbg
Oil Market Report – October 2022 – iea
Aluminum Heads For More Supply Chaos as Biden Weighs Russia Ban – bbg
German Harmonised Inflation +10.9% Y/y in September – Reuters
Kwarteng Says BOE Will Be to Blame If UK Markets Slide Next Week – bbg
Pensions Chaos Deepens Fears Over UK Shadow Banking Risks – bbg
Marketmind: Absolutely, Absolutely! – Reuters
UK Pension Funds Selling Stokes Fear Across Global Bond Markets – bbg
Explainer-Will Market Mayhem Erupt if US Bans Russian Aluminium? – Reuters
Fear Grips Treasuries Buyers Burned by Relentless Rise in Yields – bbg
European stocks retreat as investors brace themselves for U.S. inflation data – cnbc
BOJ Tightens Grip on Market as 10-Year Bond Ownership Nears 70% – bbg
Asia-Pacific markets fall ahead of U.S. inflation data – cnbc
Chinese Local Governments Buying Houses to Aid Property Sector – bbg
India’s Economy Faces Significant External Headwinds, IMF Says – bbg
China Property Debt Crisis Deepens as State-Aided Firm Defaults – bbg
China Faces Its ‘Sputnik’ Moment as US Export Curbs Deal a Blow to Its Chip Ambitions – Reuters
China’s Pain From Deflating Housing Bubble Will Linger for Years – bbg
Shanghai Covid Cases Jump to Three-Month High as Schools Close – bbg
TSMC Earnings Top Estimates as Chip Industry Braces for Slowdown – bbg
Yen Falls to New 24-Year Low as Kuroda Vows Ultra-Loose Policy – bbg

 


Wednesday 10/12

Business Live – guardian

Biden’s ‘Slight’ Recession Would Mean Economic Pain for Millions – bbg
Stocks making the biggest moves after hours: Digital World, Victoria’s Secret and more – cnbc
S&P 500 closes lower, notching six days of losses ahead of key inflation report – cnbc
Sept FOMC Showed Agreement on Higher Rates for Longer – Reuters
Inflation cut in half: Moody’s Analytics’ Mark Zandi sees major relief within six months – cnbc
ECB Closing in on Rule Change to Shave Banking Profits, Sources Say – Reuters
Wholesale prices rose 0.4% in September, more than expected as inflation persists – cnbc
Fed’s Net Income Turned Negative in September, but It Was No Surprise – Reuters
Further 20% fall in U.S. stocks ‘certainly possible,’ says IMF director – cnbc
UK economy shrinks by 0.3% on back of manufacturing slump – guardian
Pound Reverses Loss on Report BOE to Extend Bond Purchases – bbg
European markets head for lower open as investors look ahead to U.S. inflation data – cnbc
Hong Kong stocks drop 2% in mixed Asia trade amid fears of slowing growth; yen weakens past 146 – cnbc
Japan Warns Against Yen Sell-Off, Eyes Intervention – Reuters
Yen Weakens Past Level That Triggered Last Japan Intervention – bbg
Biden Says ‘Very Slight’ Recession Possible, But Downplays Risk – bbg
‘Hurricane’ of Risks Threatens Emerging Nations, G-20 Chief Says – bbg
Marketmind: What a Fine Mess – Reuters

 

Tuesday 10/11

Business Live – guardian

The Bailey Ultimatum sees late session dash for cash – Newsquawk US Market Wrap 
BoE’s Bailey Sparks Market Chaos With Pension Fund Threat – Zerohedge
S&P 500 closes lower, notches 5-day losing streak ahead of key inflation report – cnbc
IMF Chief Economist Says Central Banks’ Inflation Fight to Last Into 2024 – Reuters
IMF Chief Economist says central bank fight against inflation will continue well into 2024 – forexlive
Funding Panic Imminent? Fed Quietly Sends $3.1 Billion To Switzerland Via Swap Line – Zerohedge
Fed Hikes Last Year Would Have Only Modestly Curbed Inflation in 2022, Study Says – bbg
BOE’s Bailey Has a Message for Funds: ‘You’ve Got Three Days’ to Wind Up Positions – bbg
Bank Of England To Global Markets: ‘You Have 3 Days To Sell All The Things’ – Zerohedge
U.S. Corporate Bond ETFs Plunge in Global Debt Market Rout – Reuters
UK bond market moves are dramatic — and confusing. And analysts think it could get worse – cnbc
Diesel Back Above $5, Gas Prices Continue To Rise As “Ugly Inflation” Returns – Zerohedge
Stocks making the biggest moves midday: Amgen, Uber, Lyft, Zscaler and more – cnbc
LVMH Sales Jump as Strong Dollar Boosts Europe Demand – Reuters
LVMH Sales Soar as Dior Owner Boosted By Traveling Americans – bbg
NY Fed 1-Year Inflation Expectations Slide To 12 Month Low As Household Spending Expectations Crater Most On Record – Zerohedge
US Consumers’ Inflation Views Ease for Next Year But Worsen for Long Term – bbg
NY Fed Survey Finds Big Drop in Expected Spending Plans – Reuters
Inflation expectations ease, while spending outlook tumbles, Fed consumer survey shows – cnbc
Jamie Dimon’s S&P 500 Bear Market: Brutal, Far From Unimaginable – bbg
China Property, Russia Drive Emerging Market Q3 Corporate Defaults – JPMorgan – Reuters
Credibility Crisis in the UK Deepens Rate and Inflation Risks – bbg
El-Erian Says Economy Is Starting to ‘Go Through the Windshield’ – bbg
IMF Warns Inflation Fight, Geopolitical Events Driving up Financial Stability Risks – Reuters
Financial-Stability Risk Rising to Crisis-Like Level, IMF Says – bbg
Italy Faces Looming Recession Due to Gas Dependence, IMF Says – bbg
IMF Latest: Recession Risks Seen Rising as Fed Fights Inflation – bbg
IMF Raises Latam 2022 Growth Forecasts; Sees Inflation Dip in 2023 – Reuters
IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’ – cnbc
JPMorgan’s Michele Warns Mighty Dollar May Trigger Next Crisis – bbg
Europe Carmakers Could See Output Plummet by Millions, S&P Says – bbg
US Retailers Looking Past China for Suppliers See Costs Jump 30% – bbg
Europe Rushing to Secure Gas Sparks Record High LNG Ship Rates – bbg
China CDS Hit Highest in More Than Five Years – S&P Global Market Intelligence – Reuters
Credit Suisse Facing $8 Billion Capital Shortfall, Goldman Says – bbg
Market Chaos Throws Doubt on BOE’s Plan to Flip to Selling Bonds – bbg
Factbox-What Are Index-Linked Bonds and Why Is the Bank of England Is Buying Them? – Reuters
British Pensions Step up Multi-Billion-Pound Asset Fire Sale as Need for Cash Soars – Reuters
BOE Steps in After Bond Market ‘Dysfunction’: The London Rush – bbg
France To Spend €100 Billion To… Fight Inflation – Zerohedge
Goldman Sachs Says Too Early to Factor a Fed Pivot Into Markets – bbg
Plunging PC Shipments Threaten Tech Stocks – bbg
PC Shipments Plummet as Macroeconomic Worries Bite – bbg
Analysis-Global Bonds Move in Lockstep, Ramping up Investors’ Risk – Reuters
Rates Spark: the never-ending gilt calamity – ing
Bank of England to Buy Inflation-Linked UK Gilts – Reuters
Bank of England expands bond market intervention in effort to quell volatility – cnbc
European markets head for lower open as global growth concerns persist – cnbc
China’s Flood of Fuels May Provide Some Relief to Diesel Crunch – bbg
China Markets Keep Showing Any Reopening Bets Are Fool’s Errand – bbg
Taiwan stocks down more than 4% in mixed Asia trade as TSMC plunges 8% – cnbc
Tesla’s Record Sales After Shanghai Upgrade Lead China EV Surge – bbg
Bernanke Urges Attention to Crisis Risks Amid War, Dollar Surge – bbg

 


Monday 10/10

Putin Escalates With Civilian Strikes as Army Struggles at Front – bbg
Russian Strike Hits German Consulate In Ukraine’s Capital: “Unacceptable Escalation” – Zerohedge
Factbox-Strained Emerging Economies in Focus at the IMF World Bank Meeting – Reuters
US Equities Suddenly Soar After German Denial, Brainard Dovishness – Zerohedge
‘This debate to some extent is over.’ Major economies are already in a global recession, Morgan Stanley strategist says – fortune
S&P 500 LIKELY TO REPORT EARNINGS GROWTH OF 6% TO 7% FOR Q3 2022 – factset

Marketmind: the Song Remains the Same – Reuters
Stocks and Bonds off lows as Brainard taunts ‘pivot’ fiends – Newsquawk US Market Wrap
Bonds, Big-Tech, Bitcoin, & Bullion All Battered As British Bond Market Breaks Again – Zerohedge
Nasdaq closes at 2-year low on Monday, hurt by slumping chip stocks – cnbc
Commodities Rally Boosted Latin America Growth Outlook, IIF Says – bbg
Emerging Markets Already in Crisis Situation, Deutsche Bank Says in Report – bbg
PayPal Stock ‘Fined’ 6% After Flood Of Users Cancel Over $2,500 ‘Misinformation’ Debacle – Zerohedge
Brainard Offers Case for Caution as Fed Hikes Rates Aggressively – bbg
Fed’s Brainard: It will take time for cumulative tightening to bring inflation down – FOREXLIVE
“It’s A Global Margin Call. I Hope We Survive” – Zerohedge
Germany Backtracks, Rejects Earlier Report On Joint EU Debt Issuance After Yields Soar – Zerohedge
Nasdaq Hits 2-Year Low As JPMorgan Billionaire Warns It Could Take Months For Stock Market To Bottom – FORBES
Credit Card Rates Just Hit A Record As The Average Car Loan Rises To Fresh All Time High – Zerohedge
Payrolls Turn Negative Next Quarter And Stay There For All 2023: BofA – Zerohedge
The Effects Of Quantitative Tightening: Less Liquidity, More Volatility – Zerohedge
Stocks making the biggest moves midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and more – cnbc
“This Is Serious”: Jamie Dimon Says S&P Could Shed Another 20%, Warns Of US Recession In 6 To 9 Months – Zerohedge
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months – cnbc
UK Gilts Slump as Government Fails to Woo Investors – Reuters
Germany Backs Joint EU Debt for Loans to Ease Energy Crisis – bbg
World Bank’s Malpass, IMF’s Georgieva See Rising Risks of Global Recession – Reuters
Futures Slide, Global Chip Stocks Tumble On Hard-Landing Fears, Latest China Tech Curbs – Zerohedge
Stocks making the biggest moves in the premarket: Ford, General Motors, Rivian and more – cnbc
Russia Loses 60% of Its Seaborne Crude Market in Europe – bbg
EU Countries Eye Deal on More Energy Measures Within Weeks – Reuters
Key Events This Week: All Eyes On CPI (Also On Fed Minutes, UMich, Retail Sale And Earningss) – Zerohedge
German Companies Look at Offshore Production as Energy Prices Rocket – Reuters
Ford And GM Slump After UBS Downgrades – Zerohedge
Ford, GM and Other Carmakers Face 50% Profit Slump Next Year, UBS Analysts Say – bbg
Marketmind: Dollar Feeds on Stress – Reuters
Bernanke Shares Nobel Prize in Economics for Crisis Research – bbg
Nobel economics prize awarded to U.S.-based economists including Bernanke for work on financial crises – cnbc
Bank of England strengthens emergency stimulus to help ease market turmoil – cnbc
BoE Doubles Potential Bond Buy-Backs as Emergency Plan Nears End – Reuters
Tech Earnings Matter More Than Ever as the Bubble Deflates – bbg
Goldman, Morgan Stanley Strategists Brace for Tough Earnings – bbg
Pension Funds at Center of Gilt Rout Get New Way to Tap BOE Cash – bbg
Marketmind: Jobs Growth, Fed Indigestion – Reuters
Nissan Seeks to Reshape Alliance by Backing Renault EV Business – bbg
European Gas Prices Drop to 3-Month Low Amid Strong LNG Imports – bbg
Chinese chip stocks in Hong Kong plunge on new U.S. export rules; Asia markets drop – cnbc
China Chip Stocks Drop as Biden Tightens Rules on US Tech Access – bbg
Marketmind: China Back for Dollar Thwack – Reuters
Stocks Face Brutal Earnings Season With All Eyes on Apple: MLIV Pulse – bbg

EARNINGS INSIGHT – FACTSET

 

 

 

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