TOP MARKETS NEWS: Week 01/23 – 01/29

Weekend 01/28 & 01/29

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

Hong Kong, foreign banks can expect brighter outlook in post zero-Covid China, but will need to rejig strategies – scmp
FOMO-Fueled Tech Rally Steamrolls Over Pile of Earnings Warnings – bbg
Powell’s Narrow Path Would Avoid Routes Taken by Burns, Volcker – bbg

China’s 2022 Smartphone Shipments the Lowest in 10 Years – Research Firm – Reuters
Here’s What Can Go Wrong For Europe’s Powerful Equity Rally – bbg
Bull Market Beckons China Stock Traders as Consumption Revs Up – bbg
Fed Set to Shrink Rate Hikes Again as Inflation Slows – bbg
China Aims to Boost Consumption and Imports as Global Demand Cools – Reuters

Stock-Market Vigilantes Dial Back Penalties for Earnings Misses – bbg
Weaker Orders, Investment Underscore Ailing US Manufacturing – bbg
The Bond-Market Comeback of 2023 Is Heading to First Big Test – bbg
It Won’t Take Much for the ECB to Crush Rate-Cut Bets Next Week – bbg
China Celebrated Lunar New Year Like Covid No Longer Exists – bbg
China Kicks Off 2023 Leading Global Peers in Equity Fundraising – bbg
Stock Gains Whipped Up in Pandemic Bubble Resist Being Popped – bbg
Tiny Crypto ETF’s 100% Surge Puts It Atop Best-Performers Race – bbg
ECB Rate-Hike Week May Feature Slowing Inflation, Stalling GDP – bbg


Friday 01/27

Business Live – guardian

Tesla just had its best week since May 2013 – cnbc
Tesla’s Best Week Since 2013 Spurs Bets That Worst Is Over – bbg
Stocks close higher Friday, Nasdaq posts fourth week of gains – cnbc
Chevron’s $75 Billion Buyback Seems a Smokescreen for Bad Results, Analyst Says – bbg
Recession Fears Pose Challenge to Energy Shares After Stellar Year – Reuters
Stocks making the biggest moves midday: American Express, Intel, Silvergate Capital and more – cnbc
Global Central Banks Preaching on Pay Are Enforcing Squeeze Too – bbg
Boeing to hire 10,000 workers in 2023 as it ramps up production – cnbc
US Inflation Expectations Stabilize as Fed Pause Comes Into View – bbg

Fed’s Favorite Inflation Indicator Drifts Lower (Still Above 30 Year Highs) – Zerohedge
US Saving Rate Jumps to Seven-Month High on ‘Cloudy’ Outlook – bbg
American Express CEO: ‘We aren’t seeing recessionary signals’ – yahoofinance
Chevron Posts Record Profit, Bolstering $75 Billion Buyback Plan – bbg
Electric Vehicles Throw Palladium’s Mega-Rally Into Reverse – Reuters
Rising Interest Rates Have a Sting in the Tail for Europe’s Banks – Reuters
Tesla stock: Here’s Goldman’s ‘most important takeaway’ from Musk’s earnings call – yahoofinance
Fashion Retailer H&M’s Profit Tumbles More Than Expected as Costs Bite – Reuters
Remy Cointreau’s Sales Fall Less Than Feared as China Offsets U.S. Decline – Reuters

Marketmind: Stumbling Away – Reuters

Asia-Pacific stocks rise as Tokyo’s inflation nears 42-year high – cnbc
China looks past Covid as tourist bookings surge for the Lunar New Year – cnbc
Asia-Pacific stocks rise as Tokyo’s inflation nears 42-year high – cnbc
Asia Stocks to Rally as Tech Pulls S&P 500 Higher: Markets Wrap – bbg
Chip Stocks Extend Gains in Asia, Defying Intel’s Sales Warning – bbg
Tokyo Inflation Rises Above 4%, Prompting Yen Gains – bbg
Goldman Sees Highest Base Pay Hike Since 1993 in Japan Talks – bbg
Amundi Fund Takes BOJ Capitulation Trade to Currency Market – bbg
Japan, Netherlands to Join US in Chip Export Controls on China – bbg



Thursday 01/26

Business Live – guardian

Marketmind: Parsing the Peak, Sidestepping a Slump – Reuters

Stocks making the biggest moves after hours: Intel, Visa, Hasbro and more – cnbc
Visa Profit Rises on Resilient Consumer Spending – Reuters
Intel’s horrible quarter revealed an inventory glut and underused factories – cnbc
Intel Craters After Shockingly Bad Earnings, Catastrophic Guidance – Zerohedge
Intel Forecasts First-Quarter Revenue Below Expectations – Reuters
Intel shares drop on weak quarterly results and expectations for another quarter of losses – cnbc
Stocks, yields, and oil rise on strong GDP and falling jobless claims – Newsquawk US Market Wrap
Bonds & Bullion Drop, Stocks & Dollar Pop On Hawkish Rate-Hike-Odds Shift – Zerohedge
Nasdaq closes 1.7% higher as Tesla pops, Dow adds 200 points – cnbc
Bed Bath & Beyond Says It Received Default Notice From JPMorgan – bbg
Bed Bath & Beyond shares plunge after retailer warns it doesn’t have the cash to pay down debts – cnbc
Stocks making the biggest moves midday: Chevron, Tesla, Seagate Technology, United Rentals and more – cnbc
Sherwin-Williams Sees ‘Very Challenging’ 2023 as Housing Market Slows – bbg
Dow Plans 2,000 Job Cuts Under Plan to Save $1 Billion in Costs – bbg
BuzzFeed Shares Triple on Plans to Embrace OpenAI for Content – bbg
S&P 500, Nasdaq Rise on Tesla Boost – Reuters
Luxury Group LVMH’s Sales Defy Downturn as Shoppers Splurge – Reuters
LVMH Sales Growth Slows at End of Record Year for Dior Owner – bbg
Earnings Optimism Helps European Shares Snap Two-Day Dip – Reuters

Futures Rise Boosted By Solid Tesla Earnings, Chevron’s Giant Buyback – Zerohedge
New Home Sales Just Suffered Biggest Annual Drop Since Oct 2021, Median Price Tumbled – Zerohedge
U.S. New Home Sales Post Third Straight Monthly Gain – Reuters
US Home Sales Eke Out Gain to Cap Disappointing Year on Rates – bbg
U.S. Core Capital Goods Orders Fall in December – Reuters
US Core Durable Goods Order Growth Weakest In 2 Years, Aircraft Orders Surge – Zerohedge
US growth – but not for the best reasons – ing
Q4 GDP Stronger Than Expected Due To Surge In Inventories, Offsetting Drop In Personal Consumption; Sets Up Negative Q1 Print – Zerohedge
A Few Comments on Q4 GDP and Investment – CR
US economy beats expectations with 2.9% growth – ft
US GDP Expands at Healthy 2.9% Pace While Slowdown Signs Mount – bbg
U.S. GDP Grows in Fourth Quarter; Weekly Jobless Claims Fall – Reuters
U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom – cnbc
Powell Perplexed: Initial Jobless Claims Plunge To 9-Month Lows – Zerohedge
Stocks making the biggest moves premarket: Southwest, Tesla, Las Vegas Sands and more – cnbc
Mastercard Warns of Slower Revenue Growth as Travel Growth Plateaus – Reuters
American Airlines Forecasts Higher Profit on Buoyant Travel Demand – Reuters
American Airlines beats fourth-quarter profit expectations as higher fares buoy revenue – cnbc
Southwest Airlines Forecasts First-Quarter Loss on Cancellations Impact – Reuters
Southwest Air Sees First-Quarter Loss After December Breakdown – bbg
Southwest forecasts lingering losses as bookings slow in wake of holiday meltdown – cnbc
Northrop Grumman Expects Strong 2023 Revenue as Weapon Demand Surges – Reuters
U.S. Inflation Roller Coaster Prompts Fresh Look at Long-Ignored Money Supply – Reuters
Why QT Is Forcing the ECB to Rethink Its Monetary-Policy Levers – bbg
Diageo Beats Forecasts as Drinkers Shrug Off Inflation Squeeze – bbg
STMicro’s 2023 Outlook Beats Estimates on Strong Auto Demand – bbg
SAP Plans to Sell Qualtrics Stake, Cut 3,000 Jobs – bbg
Nokia Beats Fourth-Quarter Estimates Amid ‘Robust’ Demand – bbg
Nokia’s Quarterly Profit Beats Expectations – Reuters
Deutsche Bank Fund Unit Doubles Down on ETF Target Amid Outflows – bbg
Global Phone Shipments Plunge Most Ever as Consumers Spend Less – bbg
European markets head for higher open as positive momentum builds – cnbc

Marketmind: Parsing the Peak, Sidestepping a Slump – Reuters
Marketmind: Heading for a Soft Landing? – Reuters

Asia-Pacific markets trade mixed as investors digest slew of economic data – cnbc
Hong Kong stocks approach 11-month high as traders load up on Alibaba, BYD and EV makers in post-Lunar holiday rally – scmp
Asian Shares Scale Fresh 7-Month High as Hong Kong Trade Resumes – Reuters
China Stocks Rally in Hong Kong as Holiday Spending Recovers – bbg
Macau Visitors Jump More Than 300% on China Holiday Travel Boom – bbg
Borrowing to Drive Japan’s Debt Over 1,100 Trillion Yen for First Time -Draft – Reuters
IMF Urges BOJ to Let Long-Term Yields Rise, Be Ready to Raise Rates – Reuters
IMF Says BOJ Should Consider More Long-Term Yield Flexibility – bbg
Indonesia Signals End of Hikes as Fed Peak Rate Comes to View – bbg
Hyundai Motor’s Q4 Net Profit Triples but Misses Expectations – Reuters
Fear of BOJ Turning Hawkish Spurs 94% Jump in Shorter Bond Sales – bbg
BOJ’s Bond Purchases Lead to Some Being Thrown Out of Key Index – bbg
BOJ Record Suggests High Hopes for Expanded Fund Operations – bbg
BoJ January policy meeting Summary of Opinions: Price rises accelerating – fxstreet

Asia Trading to Ramp Up Amid Upbeat Sentiment: Markets Wrap – bbg
Marketmind: Gloomy Economic Signals – Reuters


Wednesday 01/25

Business Live – guardian

Chevron to Buy Back $75 Billion in Stock After Record Profits – bbg
IBM to Cut About 3,900 Workers, Still Hiring in ‘Higher Growth’ Areas – bbg
IBM Reports Highest Annual Revenue Growth in a Decade – Reuters
IBM tops revenue estimates, says it will cut 3,900 jobs – cnbc
Tesla Beats On Top And Bottom Line As Margins Slump – Zerohedge
Tesla Slightly Beats Quarterly Revenue Estimates; Sees 37% Delivery Growth This Year – Reuters
Tesla Seeks to Boost Output Quickly as Profit Beats Estimates – bbg
Tesla reports record revenue and beats on earnings – cnbc
Newsquawk US Market Wrap: Stocks and bonds recover as BoC makes final hike
S&P 500 Closes Slightly Red as Weak Corporate Guidance Fuels Recession Fears – Reuters
Wash-Out, Rinse Weak-Hands, Repeat The Squeeze: Gold Rips As Equity Traders Buy The F**king Dip – Zerohedge
Nasdaq closes slightly lower for a second day as earnings season rolls on – cnbc
Factbox-The U.S. Treasury’s Tools to Avoid Breaching Debt Limit – Reuters
U.S. stocks trade off lows as Tesla erases 4% plunge – bbg
Analysis-Wall Street Heavyweights Warn of Pain Ahead Despite Market’s Recent Reprieve – Reuters
Microsoft’s growth rate may have just bottomed: Analyst – yahoofinance
Stocks making the biggest moves midday: Sunrun, U.S. Bancorp, Alphabet, AT&T and more – cnbc
Debt Ceiling Anxiety Tracker: What to Watch as Crunch Time Nears – bbg
Key US Inflation Gauge Seen Slowing But Leaving Fed Wanting More – bbg
JPMorgan’s Kolanovic Says Stock Rally to Clash With Slowdown – bbg
The First Pause: Bank Of Canada Hikes 25bps As Expected, Will Hold Rates As It “Assesses Impact” – Zerohedge
Bank of Canada Raises Rates, Says It Is Likely to Pause for Now – Reuters
Europe’s Stellar Stocks and Bonds Rally Has Gone Too Far – Amundi – Reuters
Emerging Markets No Longer at Cliff’s Edge, but LatAm More Exposed, Moody’s Says – Reuters

Futures Slide On Ugly Microsoft Outlook, Renewed War Escalation Fears – Zerohedge

Germany Will Likely Have a Technical Recession, Habeck Says – bbg
Nasdaq Futures Drop 1% After Microsoft’s Bleak Outlook – Reuters
Microsoft’s Dour Outlook Raises Red Flags for Tech Sector – Reuters
US Short Seller Takes on Asia’s Richest Man After Targeting Nikola and Twitter – bbg
Stocks making the biggest moves premarket: Boeing, News Corp, AT&T, Microsoft and more – cnbc
Five Key Things to Watch in Tesla’s Earnings Report – bbg
Freeport-McMoRan Quarterly Profit Falls on Lower Copper Price – Reuters
AT&T Forecasts Annual Profit Below Estimates – Reuters
Boeing Tumbles On Unexpected Q4 Loss As High Costs Hit Earnings – Zerohedge
Boeing Reports Quarterly Loss as High Costs Hamper Recovery – bbg
Boeing Reports Loss, but First Positive Free Cash Flow Since 2018 – Reuters
Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demand – cnbc
Germany Expects to Defy Energy Crisis With Growth This Year – bbg
German recession ‘very unlikely’ given brighter business sentiment, Ifo head says – cnbc
German Business Outlook Brightens as Recession May Be Avoided – bbg
ASML Forecast Beats Estimates on Strong Demand for Chip Gear – bbg
Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions – cnbc
Tech Drags European Stocks Lower on Earnings Jitters – Reuters
European markets lower despite improved German sentiment, positive PMI data – cnbc

Marketmind: Cloudy Outlook – Reuters
Stock Rally Ebbs on Busy Day for Corporate Results: Markets Wrap – bbg

China Lunar New Year Travel, Box Office Rebound After Covid Zero – bbg
Japan Cuts View of Economy as Trade Weakens Amid Global Slowdown – bbg
Elliott Stake Report Spurs Japan Stock’s Biggest Jump Since 2008 – bbg
New BOJ Governor Likely to Move Away From Special Stimulus, Ex-Official Says – bbg


Tuesday 01/24

Business Live – guardian

Microsoft’s forecast suggests gloomy tech environment will continue – cnbc
Microsoft Erases Gains After Saying Azure Growth to Decelerate – bbg
Microsoft beats on earnings as cloud unit shows strong growth – cnbc
Dollar & Bonds choppy on mixed data and Geopolitical tensions – Newsquawk US Market Wrap
Dow closes 100 points higher for third consecutive day of gains – cnbc
Bond Traders Hedge Prospect That This May Be Fed’s Final Hike – bbg
Yellen Reports New Debt-Limit Accounting Maneuver to Congress – bbg
Stellar 2Y Auction Sees Bond Market Mocking Fed’s “Higher For Longer” – Zerohedge
Latin America’s Top Economies See Faster-Than-Expected Inflation – bbg
Stocks making the biggest moves midday: 3M, Paccar, Bed Bath & Beyond, AMD and more – cnbc
Morgan Stanley IM Says the Decade of Emerging Markets Has Begun – bbg
‘Scared the Hell Out of Me’: NYSE’s Wild Start Rattles Traders – bbg
Market Goes Haywire With Dozens Of NYSE Trading Halts At The Open After “Technical Glitch” – Zerohedge
U.S Business Activity Downturn Eases Slightly; Euro Zone Back to Growth – Reuters
“Rate Cuts *And* QT?” – Zerohedge
U.S. Business Activity Still Soft in Early 2023, but Outlook Perks Up – Reuters
US PMIs Decline “Among The Steepest Since The Global Financial Crisis” In January – Zerohedge
US Business Activity Shrinks for Seventh Month, Prices Rise – bbg


Futures Dip As Tech Rally Faces First Major Test With Microsoft Earnings – Zerohedge

Corporate Bond Bonanza May Be Too Much, Too Soon – bbg
Debt-Limit Fight Risks Early End to Fed Quantitative Tightening – bbg
Extremely Tight Market Could Push Copper Prices To Record Highs – Zerohedge
Futures Edge Lower as Earnings Roll In, Chipmakers Retreat – bbg
Pound Tumbles, UK Bonds Lead Rally on Darkening Economic Outlook – bbg
“Labor Hoarding”: New Theory Emerges To Explain The Lack Of Labor Market Collapse – Zerohedge
OPEC+ Panel Unlikely to Tweak Oil Policy at Feb. 1 Meeting, Sources Say – Reuters
Europe Bond Sales Break €240 Billion in Busiest-Ever January – bbg
Bernstein Strategists Say Europe Stock Rally Has Further to Run – bbg
Lockheed Martin Profit Outlook Disappoints as Supply, Labor Squeeze Persists – bbg
Verizon Quarterly Wireless Subscriber Additions Top Estimates – Reuters
Verizon’s Profit Forecast Misses Estimates Amid Mobile Woes – bbg
Explainer-Shutdown? Default? Washington’s Risky New Debt Ceiling Standoff – Reuters
GE Forecasts Annual Profit, Cash Gains Amid Focus on Aerospace – bbg
GE’s 2023 Profit Forecast Weighed Down by Renewable Business – Reuters
J&J Forecasts Strong 2023 Profit on Pharma Boost – Reuters
J&J Guides to Higher Full-Year Earnings Than Expected – bbg
3M to Cut 2,500 Jobs as Demand Weakens, Profit Drops – Reuters
3M Tumbles After Huge Miss Despite Slashing Guidance Twice, Fires 2,500; Sees “Significant” Decline In Electronics Demand – Zerohedge
3M to Cut 2,500 Jobs as Outlook Signals More Turbulence – bbg
Halliburton Aims to Pay Out Half of Free Cash Flow to Investors – bbg
Halliburton Tops Wall St. Quarterly Profit Estimates – Reuters
U.S. Homebuilder D.R. Horton Beats Quarterly Profit Estimates – Reuters
Aerospace Major Raytheon Beats Profit Estimates on Strong Travel Demand – Reuters
After a Long, Cold Year, Investors Are Flocking Back to Europe – Reuters
UK Businesses Signal Output Fell at Sharpest Pace in Two Years – bbg
Germany’s Economic Pressure Eases as Services Return to Growth – bbg
Euro-Area Business Activity Unexpectedly Grows at Start of Year – bbg
Pickup in French Manufacturing Offers Hope as Services Sector Still Weak -Flash PMI – Reuters
European Shares Slide, Euro Steady as Data Tees up ECB Rate Hikes – Reuters
European markets pull back even as flash PMI data shows return to growth for euro zone – cnbc

Markedmind: It’s All About the Weather – Reuters

Asia-Pacific markets rise as most of the region observes Lunar New Year holidays – cnbc
Japan Higher Rates Expand Debt Pile, Balanced Budget Seen Delayed Again – Reuters


Monday 01/23

Business Live – guardian

Stocks rally as tech leads ahead of earnings – Newsquawk US Market Wrap
‘Leading Indicators’ Roar Recession As Nasdaq Soars To Best Start To Year Since 2001 – Zerohedge
Nasdaq jumps 2%, Dow closes 250 points higher as investors weigh Fed rate path – cnbc
Chip Stocks Rally After Barclays Says Worst for Sector Rout Over – bbg
Euro-Area Consumer Confidence Rises to Highest in Nearly a Year – bbg
Late-Cycle Behavior Leaves Stocks Wide Open To More Downside – Zerohedge

Salesforce Job Cuts, Big Deals at Stake as Elliott Pushes for Profit – bbg
Activist Investors Swarm Salesforce – Zerohedge
Nvidia to Win Big From ChatGPT Hype, Predicts Wall Street – bbg
Futures Steady As Fed Blackout Begins, China On Holiday, Earnings Galore – Zerohedge
Morgan Stanley’s Wilson Says US Stocks Aren’t Pricing Weak Data – bbg
Morgan Stanley Economists Stick by ‘Softish’ Landing US Forecast – bbg
European Markets Showing Signs Of Overheating – Zerohedge
Europe Is Bracing for a Sharp and Abrupt Real Estate Reversal – bbg
Hedge Fund CIO: “Median Oil Prices Are $40 At The End Of A Recession: It’s Double That Now With The Global Economy Bottoming” – Zerohedge
“Widespread Weakness” Across US Leading Economic Indicators “Signal Recession In The Near-Term” – Zerohedge
US Dollar Slips After Fed Officials Make Case for Slower Hikes – bbg
Activist Elliott Management Takes Stake in Salesforce – bbg
Key Events This Week: Core PCE, PMIs, GDP, Durables, Fed Blackout And Earnings – Zerohedge
Hedge Fund Bond Split With Institutions May Signal Fed Cycle End – bbg
European markets cautious as investors weigh economic outlook – cnbc

Asia-Pacific shares higher, many markets closed for Lunar New Year – cnbc
Japan Premier Kishida Seeks Labor Market Shakeup to Raise Pay – bbg
Asset Managers Turn Yen Bullish for the First Time Since 2021 – bbg

Asia Stocks Sentiment Buoyed by Tech, Fed Comments: Markets Wrap – bbg