TOP MARKETS NEWS: Week 01/16 – 01/22

January 16, 2023
  

Weekend 01/21 & 01/22

Top 5 things to watch in markets in the week ahead – investing

Investors Struggle With When to Dive Back Into US Stock Market – bbg
Japan’s Kishida Says Too Early to Discuss BOJ Accord Revision – bbg
Germany Beat Putin’s Energy Squeeze. But for How Long? – bbg

Bullish Calls Mount as Asian Stocks Go On a Tear in the New Year – bbg
The Worst Fears for Global Growth May Be Subsiding – bbg
German Finance Minister Warns Against Quick Decoupling From China – Reuters
US Bond Market Flouting Inflation Looks Increasingly Vulnerable – bbg
Bitcoin Surges Above $23,000; Best Start To A Year Ever… – Zerohedge
Microsoft Kicks Off Tech Earnings Set to Slump Most Since 2016 – bbg
Plunge In Port Of Long Beach Imports Points To Sharply Lower Inflation – Zerohedge
JPMorgan Model Shows Recession Odds Fall Sharply Across Markets – bbg
Charting the Global Economy: Growth in China Slows Significantly – bbg
Bitcoin Reaches Highest Since August Amid Second Weekend Surge – bbg
Western Europe on Track for Snow and Ice This Weekend – bbg

 

Friday 01/20

Tech leads index gains while Tsy curve steepens into FOMC blackout – Newsquawk US Market Wrap
Stocks & Bonds Drop, Commodities & Cryptos Pop As ‘Hard Landing’ Looms – Zerohedge
Stocks close higher Friday, Nasdaq notches third straight week of wins – cnbc
Stocks making the biggest moves midday: Netflix, Coinbase, Alphabet, SVB Financial & more – cnbc
Intesa Shedding Up to €20 Billion of Assets as ECB Faults Risk – bbg
After Brutal Squeeze, Shorts Return With A Vengeance – Zerohedge
Fed Can Likely Slow Runoff as Bank Reserves Near 10% to 11% of GDP – Reuters
Stock Faithful Try to Look Past Bond Market’s Sullen Signals – bbg
Existing Home Sales Slide to Cap Biggest Annual Drop Since 2008 – bbg
Fed Set to Slow Rate Hikes Again and Debate How Much Further to Go – bbg
US Can Slow Inflation Without Unemployment Spike, Fed Study Says – bbg
“Another Difficult Month For Buyers”: US Existing Home Sales Suffer Biggest Annual Drop Ever – Zerohedge

US PREMARKET
BofA Says It’s a Buyer of Worst-Hit European Online Retailers – bbg
Tech Stock Rebound Faces Doubters With Earnings Season Ahead – Reuters
Alibaba Seen Fighting Off Cohen’s Pressure for Stock Buybacks – bbg
Oilfield Services Firm SLB Beats Fourth-Quarter Profit Forecast – Reuters
Fed Set to Slow Rate Hikes Again and Debate How Much Further to Go – bbg
IMF Says Failure to Increase U.S. Debt Ceiling Would Have ‘Serious Repercussions’ – Reuters
Bankrupt Genesis Owes Its Top 50 Creditors $3.4 Billion – bbg
Hedge Fund Industry Lost $125 Billion Worth of Assets in 2022 – HFR – Reuters
Crypto Lender Genesis Files For Bankruptcy, Seen As “Crucial Step To Recover Assets” – Zerohedge
Crypto Lender Genesis Files for Bankruptcy as Crisis Spreads – bbg
European Junk Debt Sales Spring Back to Life as Sentiment Improves – Reuters
US Market Watchers Are Fretting Over the Biggest January Options Expiry in a Decade – bbg
UK Retail Sales Fall Unexpectedly Finishing Worst Year on Record – bbg
U.S. Consumer Staples Stocks Limp After Solid Performance in 2022 – Reuters
Ericsson Sees ‘Uncertainties’ After Earnings Miss Estimates – bbg
Factbox-Crypto’s String of Bankruptcies – Reuters
Goldman, BofA Say European Stocks Rally in 2023 Is Mostly Done – bbg
Gold Near Eight-Month High With Recessionary Clouds Building – bbg
Euro’s Days of Muted Swings Look Numbered – bbg
JPMorgan’s Kolanovic Says US Recession Isn’t Priced Into Stocks – bbg
European markets set for higher open, seeking rebound as investors weigh Fed risks – cnbc

Marketmind: Netflix Flickers – Reuters

ASIA NEWS
Asia-Pacific markets rise as Japan’s inflation data reaches highest since 1981 – cnbc
China Stocks on Cusp of Bull Market as Year of the Tiger Ends – bbg
A Growing Bullish Crowd May Supercharge China’s Stock Market – bbg
China Injects Record Amount of Cash This Week Before Holidays – bbg
BoJ’s Kuroda: Decision taken last month was not a mistake – fxstreet
More People Going Home in China for Lunar New Year Than in 2022 – bbg
Tweaks to Japan’s Inflation Accord Would Flag BOJ Policy Change – bbg
BOJ’s Kuroda Vows to Keep Ultra-Loose Policy – Reuters
Kuroda Signals No Policy Shift After Inflation Hits 41-Year High – bbg
Japan’s Inflation Hits 4% for the First Time Since 1981 – bbg

Asian Stocks Set for Mixed Open After US Stumbles: Markets Wrap – bbg

 

 

Thursday 01/19

Business Live – guardian

Gold Jumps, Dow Dumps YTD Gains As ‘Hard Landing’ & Debt-Ceiling Fears Surge – Zerohedge
Stocks making the biggest moves after hours: Netflix, Nordstrom and more – cnbc
Nordstrom shares sink after retailer posts weak holiday sales and slashes guidance – cnbc
Reed Hastings steps down as Netflix CEO, while Q4 subscribers grow – nyp
Netflix misses on earnings but blows away estimates on subscribers – cnbc
Stocks close lower on Thursday, Dow and S&P 500 notch third day of losses – cnbc
Bank Of America: Brace For A “Sharp Weakening Of The Job Market” – Zerohedge
U.S. Debt Limit Negotiations to Take Time, but Agreement Expected -Moody’s – REUTERS
Bond Traders Bet Big That Fed Policy Rate Hikes Stop Short of 5% – bbg
Column-U.S. Manufacturing Has Probably Entered Recession: Kemp – REUTERS
Column-U.S. Debt Ceiling Saga Softens Fed’s QT: McGeever – REUTERS
Stocks making the biggest moves midday: Norwegian Cruise Line, Allstate, Roblox and more – cnbc
UBS Braces for Hard Landing in US Credit, Favors European Debt – bbg
Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold – cnbc
Analysis-Tesla Uses Its Profits as a Weapon in an EV Price War – REUTERS
Treasury Begins Special Measures to Avoid Breaching US Debt Limit – bbg

US PREMARKET
Stocks making the biggest moves before the bell: Roblox, Discover, Chegg and more – cnbc
US Housing Starts Fall to Cap First Annual Decline Since 2009 – bbg
US Jobless Claims Drop to 190,000, Lowest Level Since September – bbg
U.S. Producer Prices Fall More Than Expected in December – REUTERS
China’s reopening ‘good news’ for growth — but could be inflationary, economists warn at Davos – cnbc
‘Large Number’ of ECB Officials Backed Bigger December Hike – bbg
P&G Relies on Price Hikes to Prop Up Sales as Volumes Shrink – bbg
Germany’s Make-or-Break Moment to Defend Its Auto Industry Is Here – bbg
Account Of The Monetary Policy Meeting Of The Governing Council Of The European Central Bank – ECB
Lagarde promises to ‘stay the course’ on high interest rates – FT
Global Bonds Extend Gains on Increased Demand for Havens – bbg
Explainer-A Looming U.S. Debt Ceiling Fight Is Starting to Worry Investors – Reuters
Hedge Funds Cover Treasury Shorts at Fastest Pace in Four Months – bbg
Global Bond Sales Surge to Record Start of Year at $586 Billion – bbg
American Lithium Says US Funding Will Shore Up Nascent Industry – bbg
European markets head for lower open as investor mood sours – cnbc

Marketmind: Turbulence – Reuters

Asia-Pacific stocks trade mixed after losses on Wall Street – cnbc
China’s Growth Forecasts Raised Into Next Year as Country Reopens – bbg
Asia Hedge Funds Avert Disaster on Scale of Financial Crisis With China’s Reopening – bbg
Recessions Risks Knock Stocks, Speculators Drawn Back to Yen – Reuters

Asia Stocks to Drop on Deepening Growth Concerns: Markets Wrap – bbg

 


Wednesday 01/18

Business Live – guardian

Alcoa Drops as Shipments Seen Stagnating on Shaky Demand – bbg
WTI Extends Losses After API Reports Big Crude Build – Zerohedge
Fed Policymakers Call for Target Interest Rate Above 5% to Beat Inflation – Reuters
Stocks reversed BoJ rally after dismal data and hawkish Fed Speak – Newsquawk US Market Wrap
Stocks & Bond Yields Slump As ‘Soft Landing’ Story Crashes – Zerohedge
S&P 500 posts worst day in more than a month, Dow closes 600 points lower – cnbc
Regional Banks Drop as Uncertainty, Inverted Yield Curve Dim Outlook – bbg
Crypto Firm Genesis Preparing to File for Bankruptcy – Bloomberg News – Reuters
Fed’s Beige Book Says US Price Growth Seen Moderating in 2023 – bbg
Beige Book Finds “Little Growth” Ahead”, Increasing Difficulty For Retailers To Pass Cost Increases – Zerohedge
Tesla Is on Both Offense and Defense in Its First-Ever Price War – bbg
Bitzlato Crypto Exchange Founder Arrested for Money Laundering – bbg
There’s an Upbeat Signal Buried Beneath the Stock Market’s Surface – bbg
Stocks making the biggest moves midday: Microsoft, Moderna, Mobileye, Chegg and more – cnbc
Summers Is More Optimistic on US Outlook Than He Was a Few Months Ago – bbg

US PREMARKET
US production plunge adds to fears we could already be in recession – ing
US: Manufacturing sector is already in recession – Wells Fargo – fxstreet
‘Soft Landing’ Narrative Nuked As US Industrial Production Plunges In December – Zerohedge
U.S. Manufacturing Output Tumbles in December – Reuters
US Retail Sales Tumbled In December – Zerohedge
US Retail Sales Slide by Most in a Year in Broad-Based Decline – bbg
Aramco Sees Oil Demand Picking Up on China and Aviation Recovery – bbg
Dollar at Lowest Since April After US Producer Prices Report – bbg
US Producer Prices Plunge Most Since COVID Lockdowns – Zerohedge
US Producer Price Index Declines by Most Since Start of Pandemic – bbg
Fed’s Bullard Says US Rates ‘Almost’ in Restrictive Territory – bbg
Futures Drift Higher After BOJ Reversal, Await PPI And Retail Sales – Zerohedge
Global Crude Demand Forecasted To Hit Record On Full China Reopening – Zerohedge
Oil Market Faces Bigger Surplus Even as China Reopens, IEA Says – bbg
Microsoft Cuts Include Gaming Divisions Behind Halo, Starfield – bbg
Microsoft plans 10,000 job cuts, will take US$1.2B charge – bbg
Bond Market’s Reset Breathes New Life Into Battered 60/40 Funds – bbg
WTI drops back below $82 despite upbeat IEA’s oil market report – FXSTREET
China Driving Dollar More Than Fed Hikes, BofA Strategists Say – bbg
Digital Currency Group Halts Dividend Payment to Conserve Cash – bbg
JPMorgan’s Kolanovic Cuts Equity Allocation Again on Growth Risk – bbg
European markets head for mixed open as global economic outlook remains uncertain – cnbc

ASIA NEWS
Japan stocks rise more than 2% as BoJ makes no change to yield range – cnbc
China: Growth forecast revised higher to 5.5% for 2023 – Danske Bank – fxstreet
China’s Lunar New Year Exodus Threatens More Factory Disruption – bbg
China’s economy looks set for a rebound in 2023, but a lot depends on one variable, KraneShares says – cnbc
USD/JPY: Current year-end target of 125 should probably be closer to 120 – ING – fxstreet
This Is The “Technical Tweak” Unveiled By The BOJ Which Is Equivalent To Strengthening Policy Easing – Zerohedge
Japan Debt Trajectory at Risk as Possibility of Tightening Rises – FITCH
Japan Banks Fall After BOJ Damps Hopes for Early Policy Shift – bbg
Analysis-BOJ Has Markets Bracing for More Bond, FX Turmoil as Shift Seen Inevitable – Reuters
Yen Slumps, Bond Futures Soar as BOJ Yield-Curve-Control Stays – bbg
Japanese yen weakens as Bank of Japan makes no changes to yield curve range – cnbc
BOJ Holds Policy as It Pushes Back Against Market Speculation – bbg
Goldman Sachs Lifts China’s Economic Growth Forecast to 5.5% – bbg
China Reports Big Jump in Foreign Capital Inflows on Reopening Bets – Reuters

Asia Stocks Set for Muted Open Before BOJ Meeting: Markets Wrap – bbg

 

 

Tuesday 01/17

Business Live – guardian
Column-Bank of Japan Shift Exposes Global Bond Cracks: McGeever – REUTERS

Moderna says RSV vaccine is 84% effective at preventing disease in older adults – CNBC
United Air’s First-Quarter Profit Is More Than Double Estimates – bbg
United results top estimates as demand remains resilient despite high fares – CNBC
Dovish ECB sources clouded by hawkish BoJ risk – Newsquawk US Market Wrap
BoJ, Beijing, & Brussels Leave Banks, Bonds, Big-Tech, Bitcoin, & Bullion ‘Mixed’ After Long-Weekend – Zerohedge
Dow closes almost 400 points lower and snaps 4-day win streak, pressured by Goldman shares – CNBC
Microsoft to Cut Thousands of Jobs Across Divisions – Reports – REUTERS
Citi CEO Says Fed Could Slow Interest Rate Hikes by Early Summer – CNBC – REUTERS
Five Key Takeaways From Chancellor Scholz’s Bloomberg Interview – bbg
Scholz Sees Germany Avoiding Recession With New Gas Supplies – bbg
U.S. Household Spending Gains Moderated in December, NY Fed Says – REUTERS
Stocks making the biggest moves midday: Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more – cnbc
ECB Is Pondering Slower Hikes After Half Point in February – bbg
Factbox-European Companies Cut Jobs as Economy Sputters – REUTERS
Roblox Surges as Gain in Bookings Spurs Optimism – bbg
Don’t Get Blindsided By Cooling Prices, JPMorgan’s Michele Says – bbg
Wall Street Abandons Bearish Euro Calls as Outlook Mellows – bbg
Tesla’s Retail Sales in China Surged After Price Cut -Brokerage Data – REUTERS

US PREMARKET
New York Manufacturing Activity Plunges to Lowest Since May 2020 – bbg
OPEC says Chinese oil demand to rebound in 2023 after drop – Reuters
Wall Street Investment Banking Slammed, as Execs Hope for More Confidence Ahead – REUTERS
High Costs Weigh Down Goldman, Morgan Stanley Amid Slump in Deals – bbg
Morgan Stanley Shares Rise After Top-Line Beat; FICC Disappoints, Loan Loss Provisions Jump – Zerohedge
Morgan Stanley Beats as Wealth Management Hits Record – bbg
Morgan Stanley shares jump nearly 6% as bank’s earnings top estimates on record wealth management revenue – CNBC
Goldman Tumbles After Big Revenue, EPS Miss; Loan Loss Provisions Soar 183% – Zerohedge
Goldman Sachs’s Trading Beat Cushions Consumer, Dealmaking Slump – bbg
Goldman Sachs posts its worst earnings miss in a decade as revenue falls while expenses rise – cnbc
Futures Trim Losses As Focus Turns To Earnings – Zerohedge
German Economy Expected to Contract Slightly in 2023 – BDI – Reuters
BofA Global Fund Manager: Shows Allocation to U.S. Stocks Collapses – Reuters
Euro Area’s Best Bond Trade of the Year Is at Risk of Unwinding – bbg
Oil Holds Decline Ahead of Chinese GDP Data and OPEC Outlook – bbg
Crypto Mining Stocks Eye Best Month in a Year Atop Bitcoin Jump – bbg
European markets head for lower open as economic concerns dominate Davos – cnbc

ASIA NEWS
Asia-Pacific markets mostly fall as investors digest Chinese economic data – cnbc
Asian Bonds in 2022 Saw First Foreign Outflows in Six Years – Reuters
China’s Better-Than-Expected GDP Fuels Hopes for Rebound – bbg
China reports 3% GDP growth for 2022 as December retail sales, industrial production beat estimates – cnbc
China’s Population Starts Shrinking, First Drop Since 1960s – bbg
China’s population falls for first time since 1961 – BBC
BOJ Is Less Than A Year Away From Running Out Of Bonds To Buy – Zerohedge
Japan Yields Top BOJ Cap for Third Day on Eve of Crucial Policy Decision – REUTERS
Japan’s Largest Trade Union Head Says 2023 Is Pivotal for Wages – bbg
Basis Trade Is Back in Japan’s Bond Market as BOJ Meeting Nears – bbg
Will BOJ’s Kuroda deliver another surprise this week? 5 things to know – asianikkei
Bets of More BOJ Tweaks Cut Credit Deals While Boosting Spreads – bbg
New BOJ Governor Nominee Likely to Be Presented to Parliament Feb 10 -Sources – Reuters

Asian Stocks Trade Mixed as New Year Rally Stalls: Markets Wrap – bbg

 

 

Monday 01/16

Business Live – guardian
Debt ceiling battle, gas prices tumble, Didi relieved – what’s moving markets – investing

As China reopens and data surprises, economists are starting to get less gloomy – cnbc
Germany, Italy GDP Will Fall Below Pre-Covid Level, Moody’s Says – bbg
OECD chief says China’s reopening ‘overwhelmingly positive’ to help tackle global inflation crisis – cnbc
European Shares Near 9-Month High as New Year Rally Continues – REUTERS
China reopening boosts copper outlook – ing
Goldman Sees ‘Bullish Concoction’ for Global Commodities – bbg
EUR/USD 2023 forecast, as per forex strategists – investing
EUR/USD to work its way back to the 1.15 area – ING – fxstreet
Morgan Stanley Cuts Year-End Dollar Forecast – REUTERS
EUR/USD: We’re giving our euro dollar forecast a factory reset – ing
Futures Dip As Dollar Rebounds From 8 Month Low – Zerohedge
Volkswagen Relishes Competition in Chinese EV Market – REUTERS
European Gas Slides as Ample Supplies Outweigh Brief Cold Spell – bbg
Morgan Stanley Says European Stocks Can Extend Lead Over the US – bbg
Tesla’s China price cuts squeeze used-car dealers, but interest in second-hand Model 3s and Model Ys rises – SCMP
Germany’s Debt Dilemma Tempts Finance Chief Into Bending Rules – bbg
US Dollar Shorts Become Favorite Trade as Fed Seen Slowing Hikes – bbg
ECB Interest Rates Seen Hitting Peak of 3.25% Before Cut in July – bbg
Treasuries Will Leave Europe’s Bonds in the Dust, Investors Say – bbg
European markets head for higher open; World Economic Forum kicks off in Davos – cnbc

Marketmind: Let It Go – REUTERS

 

Shenzhen stocks rise 2%, Asia markets mixed on cooled U.S. inflation outlook – cnbc
Tencent Shares Nearly Double From October Low as Crackdown Eases – bbg
Didi Wins Approval to Relaunch Mobile Apps as Crackdown Eases – bbg
China Boost for Flagging World Economy Looms as Reopening Starts – bbg
What Is Happening in Japan’s Bond Market? – REUTERS
Japan’s Top Economic Panel Debates Potential Shift Away From ‘Abenomics’ – REUTERS
Bank of Japan could announce major policy shift this week as bond yields top limit again – cnbc
Japan’s inflation acceleration sets up a hawkish BoJ stance – FXPRO
Analysis: BOJ’s Yield Curve Control in Danger as Policy Backfires – REUTERS
Explainer-How Does Japan’s Yield Curve Control Work? – REUTERS
Factbox: BOJ’s Possible Next Step as Market Attacks Yield Policy – REUTERS
Yen Option Cost Jumps to Three-Year High on BOJ Surprise Concern – bbg
Traders Eye Chance of More BOJ Tweaks With ‘Pandora’s Box Open’ – bbg
Japan 10-Year Yield Rises Above BOJ’s Ceiling for Second Day – bbg
Japan CEOs Facing Inflation Are Talking More About Merit-Based Pay – bbg

Asia Stocks Set for Support From Wall Street Rally: Markets Wrap – bbg
Week Ahead: Davos WEF; BOJ Meeting; ECB Minutes; FOMC Beige Book; U.S. Data; China GDP; Chinese New Lunar Year Starts – cb

 

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