TOP MARKETS NEWS: Week 01/27 – 02/02

Weekend 02/01 & 02/02

Wuhan Coronavirus Looks Increasingly Like a Pandemic, Experts Say – nyt
Coronavirus kills Chinese man in Philippines, first death outside China – Reuters

PBOC to Supply Cash to Aid Stability in Virus-Hit China Markets – Bloomberg

Fears of global economic slowdown as virus follows trade war – guardian

U.S. confirms its eighth case of coronavirus, quarantine in effect – Reuters
The Coronavirus Is Infecting the Global Economy. Here’s How – Bloomberg
How Bad Will the Coronavirus Outbreak Get? Here Are 6 Key Factors – nyt
China facing global isolation as virus toll rises – Reuters
China death toll reaches 259; WHO warns countries to prepare – ap
Week ahead: All roads lead to Wuhan – nordea
Donald Trump is ‘just wrong’ about the economy, says Nobel Prize-winner Joseph Stiglitz – yf


Friday 01/31

Hong Kong stocks head down amid losses in Chinese banks and insurers – scmp
Coronavirus Live Updates: Delta, United and American Airlines Suspend Flights to China – nyt

China has resources, resolve to effectively meet novel coronavirus challenge: IMF – xinhuanet
Real Selling Begins As CTAs Start Liquidating, Dealer Gamma Flips Negative – Zerohedge
Chicago PMI Plunges To Lowest In 4 Years – Zerohedge
The coronavirus could cost China’s economy $60 billion this quarter. Beijing will have to act fast to avert a bigger hit – cnn
‘Burning Bodies In Secret’ – New Accounts From Wuhan Detail Coronavirus Outbreak – Zerohedge
Investors Flee Junk-Bond Funds, Pour Record Cash Into High-Grade – Bloomberg
Coronavirus: A ‘true black swan in the making’ or a ‘tactical opportunity’? – iw
Caterpillar earnings come in at $2.63, vs $2.37 EPS expected, but shares fall – cnbc
Eurozone growth close to stalling as French and Italian GDPs shrink – guardian
Goldman Sachs warns Wuhan coronavirus will hit US economic growth this quarter – businessinsider
Once out of the EU, Britain will have no more excuses for poor economic performance – telegraph
Two coronavirus cases found in Italy – ansa
INDIA: GDP growth seen at 6-6.5 per cent for 2020-21: Economic Survey – et



Thursday 01/30

Business Live – gaurdian
Coronavirus live updates: Russia closes China border as outbreak tops 7,900 cases with 170 deaths – cnbc
First Case Of Human-To-Human Coronavirus Infection Confirmed In US: Live Updates – Zerohedge

Amazon earnings return to growth in holiday season, sending stock soaring toward $1 trillion valuation – Marketwatch
History suggests a downward trek for stocks when Fed stops buying T-bills, expert says – Marketwatch
China needs to prepare for consequences of virus – gt
WHO declares China coronavirus that’s killed 171 a global health emergency – cnbc
Wilbur Ross Says China’s Coronavirus Outbreak Will “Help Bring Jobs Back To America” – Zerohedge

U.S. economy misses Trump’s 3% growth target in 2019 – Reuters

Cautiously optimistic Bank of England catches markets off-guard – ing
Coronavirus: Its Impact On Oil Markets Till Now – investing
Oil falls amid spread of Wuhan virus, rising crude inventories – Reuters
SARS Versus Wuhan: The Difference Between Then & Now – Zerohedge
Euro zone sentiment jumps in January as industry fears recede – Reuters
China virus deaths rise to 170 as hit to global economy looms – Reuters



Wednesday 01/29

Hong Kong stocks slump 3% on coronavirus fears, but Apple results cheer traders – business live – guardian
Coronavirus live updates: Coronavirus outbreak tops 6,000 cases in China, exceeding SARS epidemic – cnbc

Tesla spikes on earnings beat, says Model Y production underway – cnbc
Facebook hits 2.5 billion monthly users, but revenue growth is slowing – cnn
Fed Leaves Rates Unch, Extends Repo Bailout Facility, Downgrades Consumer Health – Zerohedge

Fed’s Repo Response Isn’t Fueling the Stock Market – Bloomberg
New coronavirus spreads as readily as 1918 Spanish flu and probably originated in bats – latimes
GE beats profit, cash flow estimates on aviation, lower spending – Reuters
China Q1 growth may dip below 5% as virus spreads -Academy of Social Sciences economist – Reuters

Boeing posts first annual loss in more than two decades as 737 Max crisis continues – cnbc
‘Peak Car’ May Be Past, German CEO Says – Bloomberg
Swiss pharmaceutical giant warns finding a coronavirus vaccine will take ‘over a year’ – cnbc

Santander posts profit beat amid rise in customers and stronger capital position – cnbc
China virus turns Macau into gambling ghost town – Reuters
For airlines, China boom now exposes them to risk as coronavirus slams market – Reuters
Airlines halt China flights as virus toll hits 132 – afp



Tuesday 01/28

Markets gripped by coronavirus growth fears – business live – guardian

Apple rises as earnings and iPhone sales smash expectations – cnbc
Americans Haven’t Been This Confident In The Current Economy Since The Peak Of The DotCom Bubble – Zerohedge
‘Lehman-type’ moment? Analysts warn that markets are too complacent over coronavirus risks – cnbc
U.S. Budget Deficit Expected to Pass $1 Trillion This Year – time
How the stock market has performed during past viral outbreaks, as coronavirus infects 4,500 – Marketwatch
Multi-Billion Levered Options Strategy Fund Finally Faces The Music For Fraud – Zerohedge
Durable-goods orders get big boost from the military, but business investment weak again – Marketwatch

UK government statement on Huawei 5G network decision – Reuters
Novel coronavirus outbreak may reach peak in one week or about 10 days: expert – xinhuanet
German auto supplier Webasto says two employees infected with coronavirus – Reuters

China says death toll from coronavirus rises to 106, confirmed cases hits 4,515 – Reuters
Asian suppliers warn Apple about coronavirus impact – assianikkei



Monday 01/27

Stocks and oil slide on fears over China virus outbreak – business live – guardian
China warns coronavirus can spread before symptoms show – live – cnn

Morgan Stanley: “The Correction Has Begun” But The Fed Will Keep It To 5%  – Zerohedge
BlackRock’s bond chief Rieder sees yields dropping further amid risks from virus and election – cnbc
JPMorgan: Please Buy This Dip – Zerohedge
MacKenzie Bezos sells $400 million of her Amazon shares – cnbc
Fail to Act on Climate and You’re Fired, Pension Fund Says – Bloomberg
Oil tumbles into bear market, hits more than 3-month low on fears coronavirus will slow global growth – cnbc
China Closes Foxconn, Johnson & Johnson, And Samsung Factories Amid Virus Outbreak  – Zerohedge
J&J scientific officer ‘pretty confident’ they can create coronavirus vaccine as outbreak widens – cnbc
Global: Wuhan vs. previous outbreaks – nordea
China coronavirus: Hong Kong medical experts call for ‘draconian’ measures in city as research estimates there are already 44,000 cases in Wuhan – scmp
Investors pulled nearly $100 billion from hedge funds in 2019, but UBS insists popularity isn’t waning – cnbc
A Perfect Storm: Coronavirus, Major Earnings Reports And An Overvalued Market Could Slam Investors This Week – forbes
China virus outbreak pressures already weakened economy – Reuters

Global stock markets roiled as China’s coronavirus spreads – cnbc
Gloomy services outlook pushes down German business morale – Reuters

Italy’s government is still weak, despite election blow to rival Salvini – cnbc
Kuwait could need $180 billion in financing over the next six years: IMF – Reuters
Research China – Uncertainty on the rise on the back of corona virus – danske
Hong Kong markets to open as normal amid Wuhan coronavirus fears, but bourse cancels Year of the Rat opening ceremony – scmp