TOP MARKETS NEWS: Week 02/20 – 02/26

February 20, 2023
  

Weekend 02/25 & 02/26

Top 5 things to watch in markets in the week ahead – investing
Week Ahead: Feb ISM Services and Auto Sales to Show Jan U.S. Data Were Exaggerated – investing

Your Sunday Asia Briefing: Energy Shock and China Stocks Shift – bbg
The Year That Redrew the Energy Map – bbg
A Second-Half Stock-Market Rally Is Still in Play Despite Rout – bbg
Emerging Markets Will Have to Weather Another Dollar Hurrah – bbg

With No End in Sight, War Threatens Europe’s 2023 Stock Rally – bbg
Supply Chains Have Healed Yet Their Mark on Inflation to Endure – bbg
China’s Upcoming Congress Spurs Optimism on Mainland Stocks – bbg
A One-Way Market Foils Stock Pickers as Fed Trounces Everything – bbg
Euro-Area’s Core Inflation Problem to Come to the Fore – bbg
Bets on the Year of the Bond Are Still on Even as Losses Return – bbg
G-20 Nations Understand BOJ’s Ongoing Easing, Kuroda Says – bbg
Berkshire Posts Record Operating Earnings Amid Economic Turmoil – bbg
Charting the Global Economy: Inflation Quickens in US, Europe – bbg

Take Five: Strap in for No Landing – Reuters

Friday 02/24

Business Live – guardian
Fed Needs a Recession to Win Inflation Fight, Study Shows – Reuters
One Year of War in Europe: How the Dollar, Energy and Food Prices Swirled – Reuters

Wall St Ends Sharply Down, Posts Biggest Weekly Drop of 2023 – Reuters
Stocks close lower Friday after hot inflation report; major averages log worst week in 2023 – cnbc
U.S. Economic Resilience Could Add Luster to Semiconductor Shares – Reuters
Analysis-Investors Wary of Chinese Assets as Political Risk Ramps Up – Reuters
Warnings of a Stock Market Bubble Finally Prove Too Much for S&P 500 – bbg
Factbox-The Countries in the Grip of Debt Crises – Reuters
Fed Officials Flag Risk of Sticky Inflation as PCE Comes in Hot – bbg

US PREMARKET
U.S. Inflation Accelerates in January, Consumer Spending Surges – Reuters
Key Fed inflation measure rose 0.6% in January, more than expected – cnbc
Futures Slide With All Eyes On PCE Inflation – Zerohedge
German Economy Shrinks 0.4% in Fourth Quarter, Weak Start to 2023 Seen – Reuters
Recession fears return after German economy shrank 0.4% in fourth quarter – ft
War Anniversary Hangs Over Meeting of World’s Top Finance Chiefs – bbg
BASF to Cut 2,600 Jobs to Save Costs in Energy Crisis – bbg

Marketmind: Kuroda 2.0 – Reuters

 

Asia markets trade mixed, Bank of Japan nominee Ueda speaks; Japan’s inflation reaches 41-year high – cnbc
China’s online shoppers started the year cautiously, Alibaba says – cnbc
China Set to Overhaul Financial System Giving Xi More Control – bbg
China Prepares to Police AI as ChatGPT Frenzy Spreads – bbg
Ueda Says BOJ Must Mull Normalization If Price Outlook Improves – bbg


Asia Stocks to Open Mixed After Bumpy US Session: Markets Wrap – bbg


Thursday 02/23

Business Live – guardian
US May Release Intelligence Showing China Poised To Transfer Arms To Russia – Zerohedge

Stocks making the biggest moves after hours: Block, Carvana, Boeing and more – cnbc
Beyond Meat Forecasts 2023 Revenue Above Market Expectations – Reuters
Warner Bros Discovery Reports Fourth-Quarter Loss – Reuters
Stocks firmer after hot labour market data and PCE revisions shrugged off – Newsquawk US Market Wrap
0DTE Call-Buyers Rescue Stocks From CTA-Slam, Bonds Bid – Zerohedge
Stocks close higher Thursday, S&P 500 snaps four-day losing streak: Live updates – cnbc
China ‘Almost Certainly’ Gave Russia Dual-Use Aid, Blinken Says – bbg
Short-Dated Options Trade Behind Thursday’s U.S. Stock Market Choppiness -Nomura’s McElligott – Reuters
Summers Sees Signals of a Sharp Drop-Off in Economic Activity – bbg
Stocks making the biggest moves midday: Domino’s Pizza, Lucid, Nvidia, Nikola and more – cnbc
U.S. Regulators Warn Banks to Be on Alert for Crypto-Related Liquidity Risks – Reuters
Lucid, Nikola and Lordstown Motors Miss EV Goals by Big Margins – bbg
Netflix Lowers Price of Plans by Up to 50% in Over 100 Countries – bbg

US PREMARKET
US Fourth-Quarter GDP Revised Lower on Weaker Consumer Spending – bbg
Q4 GDP Revised Lower As Core PCE Unexpectedly Comes In Hot – Zerohedge
Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate) – bea
S&P Futures Rebound Above 4,000, Boosted By Surging Nvidia – Zerohedge
Nikola Misses on Revenue, Deliveries With Weak Growth for 2023 – bbg
Moderna misses on earnings as costs rise from surplus production capacity, lower Covid shot demand – cnbc
Newmont’s Gold Output Stagnates as It Chases Big Takeover – bbg
Alibaba Beats Quarterly Revenue Estimates as COVID Curbs Ease – Reuters
Alibaba Profit Beats After Cost Cuts Outweigh Sales Malaise – bbg
Alibaba shares rally 6% after massive earnings beat – cnbc
Nvidia Results Show Its Growing Lead in AI Chip Race – Reuters
AI Mania Propels Nvidia Value by Nearly $200 Billion This Year – bbg
Euro Zone Inflation Marginally Higher in Jan; Core Also Lifted – Reuters
Euro-Zone Core Inflation at Record Set to Embolden ECB Hawks – bbg
Telefonica Hits Earnings Targets, Forecasts Steady Growth – Reuters
Rolls-Royce Starts Strategic Review as CEO Seeks Higher Returns – bbg
European markets head for positive open as investors react to Fed minutes – cnbc

Marketmind: Blue Chips Cheered Up – Reuters

Asia markets mixed as Fed minutes signaled more hikes ahead; Bank of Korea holds rates – cnbc
Asia Stocks See Bright Side After Nvidia Sounds Upbeat – Reuters
China’s Consumer Market Shows ‘Strong’ Recovery in January – Commerce Ministry – Reuters
China’s consumer market shows ‘strong’ recovery in January – commerce ministry – forexlive
China’s ChatGPT Stock Frenzy Cools Amid Reported Regulatory Ban – bbg
China Halts Some Classes Amid School Covid Cluster, Flu’s Return – bbg

Marketmind: A New R* – Reuters

Asia Stocks Face Pressure as Fed Minutes Sow Doubt: Markets Wrap – bbg
Marketmind: Up, up and Away – Reuters

 

Wednesday 02/22

Business Live – guardian
Ukraine war live updates: Moscow unrepentant after suspending nuclear arms treaty with U.S.; Putin courts Beijing ahead of Xi trip – cnbc
China Says Ready To “Join Forces With Russia” To “Defend National Interests” As Putin Confirms Xi Visit – Zerohedge
China Calls Russia Ties ‘Solid as Rock’ Amid Ukraine Peace Push – bbg

Stocks making the biggest moves after hours: Etsy, Lucid, Bumble, Moderna and more – cnbc
Nvidia Gives Strong Forecast as AI Helps Fuel Computing Demand – bbg
Nvidia Soars 8% After Beating Earnings, Guiding Higher Than Expected – Zerohedge
Nvidia stock rises after slight beat driven by A.I. chips – cnbc
EBay Climbs After Revenue Forecast Tops Estimates – bbg
WTI Extends Losses After Another Massive Crude Build – Zerohedge
Stocks and bonds off highs after hawkish-leaning FOMC minutes – Newsquawk US Market Wrap
Bonds & Dollar Bid As Fed Minutes Spark Selloff In Stocks & Gold – Zerohedge
S&P 500 notches fourth day of losses after Fed minutes reaffirm tough stance on inflation – cnbc
Explainer: the Rise of 0DTE Stock Options and How They Could Be a Risk to Markets – Reuters
Fed Worries Over Economic Risks From Prolonged Debt-Limit Talks – bbg
FOMC Minutes Suggest Fed Fears Financial Conditions Decoupling, Warns About High Equity Valuations – Zerohedge
Fed Minutes Show Officials Mulled Financial Stability Risk Amid Aggressive Hikes – Reuters
Fed minutes show members resolved to keep fighting inflation with rate hikes – cnbc
‘Cash is no longer trash’: Market forecaster Jim Bianco warns stocks face stiff competition – cnbc
Bond king Jeffrey Gundlach: Here comes the hard economic landing – yahoofinance
Bill Gates Buys Heineken Stake, Despite Saying He’s ‘Not a Big Beer Drinker’ – Reuters
Stocks making the biggest moves midday: Palo Alto Networks, Coinbase, Dick’s Sporting Goods, Amazon and more – cnbc
Oil Drops 3% as High Inflation Risks Stoke Demand Worries – Reuters
Meta Plans ‘Thousands’ More Job Cuts Across Company, WaPo Says – bbg

US PREMARKET
Financial Watchdog Warns Many Existing Stablecoins Would Not Meet International Regulation Standards – ibtimes
Stocks making the biggest moves premarket: Coinbase, Palo Alto Networks, Toll Brothers and more – cnbc
Chipmaker Intel Cuts Dividend to Lowest Since 2007 to Save Cash – Reuters
Intel slashes dividend by over 65%, to 12.5 cents – cnbc
Futures Rebound As Yields, Dollar Drop, Fed Minutes Loom – Zerohedge
Baidu Beats Fourth-Quarter Revenue Estimates, Flags Chatbot Launch – Reuters
Citigroup Expects ‘Less Hard’ Landing for Global Economy This Year – Reuters
Citigroup Expects ‘Less Hard’ Landing for Global Economy This Year – Reuters
German Inflation Remains High at Start of Year – Reuters
Rates Spark: Hawkish rates alongside higher inflation expectations – ing
Global Bonds Are Set to Erase 2023 Gains – bbg
Danone Eyes Better Margins in 2023, Q4 Sales Top Estimates – Reuters
Rio Tinto Lowers Dividend as Profits Hurt by Weaker Commodities – bbg
Stellantis Tops Forecasts in H2, Announces 1.5 Billion Euro Share Buy-Back – Reuters
Stellantis to Buy Back $1.5 Billion Shares After Record Year – bbg
Auto giant Stellantis posts record annual profit, announces $4.47 billion shareholder payout – cnbc
European stocks head for lower open as markets await latest Fed minutes – cnbc

Marketmind: Hang on a Minute – Reuters

 

Asia markets fall as New Zealand hikes rates to 14-year high; Hong Kong releases budget – cnbc
Hong Kong Stocks Head for Correction as Growth Headwinds Build – bbg
Is Asia’s bull market over? Strategists say there’s room for stocks to rally further – cnbc
New Zealand Delivers Half-Point Rate Hike, Still Sees 5.5% Peak – bbg
Investors Watch Japan’s Spring Wage Talks for Clues on BOJ Moves – bbg
Toyota Agrees to Biggest Wage Hike for Workers in 20 Years – bbg
Japan’s Key Yield Rises Above 0.5% BOJ Ceiling for Second Day – bbg
China Travel Demand Fails to Pick Up Despite Reopening, AirAsia X Says – bbg
Hong Kong Will Hand Out More Cash Vouchers to Boost Economy – bbg

Asia Stocks to Follow US Shares Lower on Fed Fears: Markets Wrap – bbg

 

 

Tuesday 02/21

Business Live – guardian
FX Daily: Geopolitical risk strikes back – ing

Coinbase beats on revenue and earnings, but usage continues to decline – cnbc
Hot PMI data raises Fed terminal pricing, hitting stocks and bonds – Newsquawk US Market Wrap
Bond Bloodbath Triggers Biggest Stock Puke Of Year – Zerohedge
Dow closes nearly 700 points lower in broad selloff, as all indexes cap their worst day of 2023: Live updates – cnbc
Wall Street in Line to Reap Benefits of US Crypto Custody Shake-Up – bbg
Tesla Scales Back German Battery Plans, Won Over by U.S. Incentives – Reuters
Solar Industry Facing Whiplash From Volatile Equipment Prices – bbg
Airlines Turn Market Darlings as Covid Forces Financial Clean Up – bbg
US NatGas Prices Plunge To 28-Month Low On Oversupply Conditions – Zerohedge
BlackRock ‘Overweights’ China, Treasuries as Inflation Lingers – Reuters
Peter Schiff: Here’s Why Inflation Is Going To Get Worse – Zerohedge
Stocks making the biggest moves midday: Home Depot, DocuSign, General Mills and more – cnbc
The Fed Just Hinted That The New Inflation Target Will Be 2.8% – Zerohedge
Falling Gas Costs, Rising Carbon Prices Spur Change in Fuel Dynamics – Reuters
Walmart, Home Depot: Here Are The Major Companies Raising Employee Wages In 2023 – forbes
Walmart and Home Depot are getting ready for a consumer slowdown – cnbc
Energy Traders, Flush With Cash, Are Moving Into Crops and Metals – bbg
U.S. Home Sales Post 12th Straight Monthly Drop; House Price Inflation Slows – Reuters
US PMIs Beat Expectations In Flash Feb Print: “Stoke Wageprice Spiral Concerns” – Zerohedge
U.S. Business Activity Rebounds to Eight-Month High in February S&P Global Survey – Reuters
US Business Activity Steadies, Boosted by Pickup in Services – bbg

 

US PREMARKET
Explainer-Why Germany Doesn’t Like the EU’s Debt Reform Proposals – Reuters
3 reasons the current stock market rally of 2023 could stall – yahoofinance
Retail Investors Pour $1.5 Billion Each Day Into US Markets, The “Highest Amount Ever Recorded” – Zerohedge
Stocks making the biggest premarket moves: Walmart, Home Depot, Vir Biotechnology and more – cnbc
Futures Slide, Yields Jump On Higher For Longer Concerns – Zerohedge
US Treasury Warns Chinese Companies On Tech Supplies to Russia – bbg
Biden Says Putin Will Never Find Victory in His War on Ukraine – bbg
Putin Suspends New START Nuclear Treaty, Puts Missiles On Combat Readiness – Zerohedge
General Mills Lifts Sales, Profit Forecasts on Price Hikes, Steady Demand – Reuters
Goldman Sachs Expects ECB to Raise Rates Thrice This Year – Reuters
Walmart Sees Lower 2023 Performance in Time of Economic Uncertainty – Reuters
Walmart Tumbles as Profit Outlook Signals Another Rocky Year – bbg
Home Depot Flags Profit Hit From Slowing Demand, Rising Wages in 2023 – Reuters
Home Depot misses on revenue, issues muted outlook – cnbc
Analysis-Fed’s Quandary: Can the Economy Keep Motoring and Inflation Fall? – Reuters
Tesla Undercuts Average US Car by Almost $5,000 in EV Shakeout – bbg
Analysis-Pain and Gain for Industry as EU Carbon Hits 100 Euros – Reuters
Europe’s Carbon Price Hits a Record €100 as Economy Rebounds From Energy Crisis – bbg
German Investor Morale Recovers More Than Expected – ZEW – Reuters
Eurozone PMI shows strong increase in February – ing
Euro Zone Business Growth at 9-Month High as Services Supports -Flash PMI – Reuters
Morgan Stanley’s Wilson Says S&P 500 Could Drop 26% in Months – bbg
Porsche’s Record €2.7 Billion Schuldschein Shows Debt’s Appeal – bbg
BofA and JPMorgan Say the European Rally Will Fizzle Out Soon – bbg
HSBC Considers Special Payout After Earnings Jump – bbg
HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimates – cnbc
European markets open lower with Fed in focus – cnbc

Marketmind: Too Flashy? – Reuters
MarketMind: Cast Away – Reuters

Asia markets mixed as investors digest private surveys on factory activity – cnbc
Japan’s Key Yield Rises Above BOJ Cap on Bets of Policy Tweak – bbg
China Softens Stance On Crypto? Hong Kong Outlines Plan To Allow Retail Investors Into ‘Virtual Assets’ – Zerohedge
China’s Clogged Roads Show Economic Recovery Gathering Pace – bbg
China’s Reopening Boost to Commodities Comes With Caveats – bbg
Incoming BOJ Head to Speak in Diet as Markets Renew Attack on Yield Cap – Reuters
The Yen Regains Place as Most Attractive Bet to Fund Carry Trades – bbg

Asia Stock Futures Mixed, US Contracts Edge Lower: Markets Wrap – bbg

 

Monday 02/20

Business Live – guardian

Global Oil Demand Climbs to an All-Time High in December – JODI Data – ief
JPMorgan Strategists Say Stock Rally Will Fade – bbg
Euro Area Braces for Era of Central-Bank Losses After QE Binge – bbg
The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market – cnbc
European markets dip as investors await Fed notes – cnbc

Marketmind: Up, up and Away – Reuters

ASIA NEWS
Chinese stocks up 2% after central bank leaves rates unchanged; Asia markets rise – cnbc
Reopening to recovery: Goldman Sachs sees China stocks surging as much as 24% by end of 2023 – cnbc
Goldman Strategists See 24% Jump in Chinese Stocks by Yearend – bbg
Hong Kong Plans to Let Retail Sector Trade Larger Crypto Tokens – bbg
Hong Kong Airport’s Passenger Volume Surges as China Reopens – bbg
China Bond Outflows Resume as Foreigners Return to Selling – bbg
China Holds Lending Benchmarks for 6th Month, but More Easing Seen – Reuters
Chinese Banks Keep Lending Rates Unchanged After PBOC Holds – bbg
BOJ Watchers Flag Outside Risk of March Surprise to Help Ueda – bbg
China Quietly Pivots From Land Sale Limits to Stem Housing Slump – bbg

Dollar Rises, Stocks Face Headwinds From Fed Rates: Markets Wrap – bbg
Here Are Five Charts to Watch in Global Commodities This Week – bbg

 

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