TOP MARKETS NEWS: Week 02/17 – 02/23

Weekend 02/22 & 02/23

South Korea on highest alert against coronavirus as virus cases soar – Reuters
New Chinese study indicates novel coronavirus did not originate in Huanan seafood market – globaltimes

Coronavirus fears spoiled a solid earnings season and will further dominate markets ahead – cnbc
Italy imposes draconian rules to stop spread of coronavirus – guardian
Italy battles ‘explosion’ of coronavirus cases as third patient dies – Reuters

Central bankers will look at options for responding to coronavirus: Mnuchin – Reuters
FX weekly: Get ready for USD yield curve control – nordea
Latest on coronavirus spreading in China and beyond – Reuters
Japan, The Fed, & The Limits Of QE – Zerohedge
Honda’s Philippine unit to close auto production plant – Reuters
South Korea reports an eight-fold jump in viral infections – cbs
China’s central bank vows to take more steps to support virus-hit economy – Reuters
Samsung Electronics confirms coronavirus case at phone factory complex in South Korea – Reuters
Week ahead: Dude, where’s my car(s)? – nordea
World’s financial firms risk $1 trillion in losses if slow to act on climate change: report – Reuters
Equity Update: Sentiment Fades – saxo
Taiwan quarterly: Coronavirus and politics take a toll – ing
Dry Bulk Shipping Report – etfmg



Friday 02/21

Coronavirus to cost global airlines nearly $30bn this year – business live – guardian
Coronavirus live updates: Coca-Cola takes an earnings hit, Iran confirms more cases – cnbc

10 Italian Towns In Lockdown Over Coronavirus Fears – ibtimes
Fed ponders financial market impacts as it considers new tools – yahoofinance
Yield Curve Collapse Accelerates After Fed’s Brainard Hints At Japanification – Zerohedge

JP Morgan economists warn climate crisis is threat to human race – guardian
Governor Lael Brainard: Monetary Policy Strategies and Tools When Inflation and Interest Rates Are Low – fed
13,000 Missing Flights: The Global Consequences of the Coronavirus – nyt
The Collapse Of This Historic Correlation Suggests A Major Crisis Is Imminent – Zerohedge
Treasury Yields Plunge To Record Lows As US PMI Collapses Into Contraction – Zerohedge
China starts to get back to work as leaders worry about people’s jobs – cnbc

Column: Coronavirus is double shock for China’s giant aluminium sector – Reuters

Turning point of coronavirus outbreak in China has not come: politburo – Reuters

UBS Has Game Plan for a Value Rotation, If It Finally Happens – Bloomberg
30-year Treasury bond yield breaks to all-time low as coronavirus fears lift havens – Marketwatch
Beijing Metro Traffic Down 91%; China Car Sales Down 90%; Shanghai Stocks…Rising – forbes
Gold heads for fresh 52-week high above $1,600 as government bond yields skid lower – Marketwatch

China’s Citic, AIbank to lend Haidilao restaurants 2.1 billion yuan – Reuters
The Rise of the Models: Asset Allocation Considerations – investmentsandwealth
King Dollar rules as virus threatens global growth – Reuters
Major forecasts update: King USD – nordea
Recovering factories keep UK economy on track in February: PMIs – Reuters
Euro zone February business growth better than expected: PMIs – Reuters
Pain for Asian Banks Is Just Starting as Virus Batters Loans – Bloomberg
Eurozone business bucks virus impact as growth hits six-month high – markit
German private sector expansion holds steady in February: PMIs – Reuters
February ‘flash’ PMI signals modest growth of German economy despite slump in exports – markit
French business activity firms in February despite manufacturing slump: PMIs – Reuters
FRANCE: Quicker rise in private sector output despite renewed production decline – markit
Coronavirus: China’s car sales collapse, as officials warn of sharp trade decline to come – scmp
China Car Sales Slump 92% in First Half of February on Virus – Bloomberg
South Korean Coronavirus Cases Explode After “Super Spreader” Event – Zerohedge
Global central bankers scour shopping malls, manufacturers for coronavirus playbook – Reuters
Coronavirus on G20 agenda as China reports uptick in cases – Reuters
‘Sell on Friday’ is China stock traders’ hedge against coronavirus jitters and weekend blues – scmp
China advances drug, therapy research against COVID-19 – gt



Thursday 02/20

Airline profits hit in latest sign of coronavirus impact on global economy – business live – guardian
Stock market live Thursday: Dow down 130 after sudden midday drop, gold 7-year high, E-Trade surges – cnbc

Morgan Stanley to buy online-brokerage giant E-Trade for $13 billion – businessinsider
Swiss bank Julius Baer slammed for money laundering failures – Reuters
Firms struggle for survival via salary cuts, layoffs amid COVID-19 – globaltimes
Spotlight: U.S. businesses, economists highlight China’s key role in supply chain amid coronavirus outbreak – xinhuanet

BOJ’s Kuroda warns of coronavirus impact on economy – breakingthenews
Vanishing Spreads Are Ringing Alarms in Risky Debt Markets – Bloomberg
Taiwan’s Foxconn warns of negative revenue impact from virus outbreak – Reuters
AXA posts strong net profit rise for 2019 and lifts its dividend – Marketwatch
Maersk warns of coronavirus impact as earnings miss expectations – Marketwatch
Air France-KLM warns of coronavirus hit as 2019 profit falls – Marketwatch
FX Update: USDJPY saw most violent single day rally in over 20 years – saxo
S&P Global Ratings revises Renault’s outlook to negative, affirms BBB ratings – spglobal
Shanghai banks issue 1.31 bln yuan in cheap loans amid virus outbreak – Reuters
Factbox: China takes major steps to prop up coronavirus-hit economy – Reuters
China cuts benchmark lending rate as economy struggles to shake off virus shock – Reuters


Wednesday 02/19

Business Live – guardian

FOMC Minutes See Rates “Appropriate”, Warn Of “Elevated” Asset Levels, Suggest ‘NotQE’ Tapering Imminent – Zerohedge
Goldman says market underestimating coronavirus risk: ‘Correction is looking much more probable’ – cnbc
US Producer Prices Rise At Fastest Pace In 9 Months As Service Costs Soar – Zerohedge
Are The Japanese Losing Faith? Yen Crashes Near Record Lows Against Gold – Zerohedge
Adidas’ China business activity falls 85% due to coronavirus – Reuters
Both Gold and Risk Rally – Why? – bk
Which Supply Chains Are Most At Risk: The Answer In One Chart – Zerohedge
Overseas investors continue to increase holdings of Chinese bonds – xinhua
China considers cash injections, mergers to bail out stricken airlines – scmp
China’s virus-hit industrial cities start to ease transport curbs, restore production – Reuters
Asia stocks rise on lull in virus worry, euro still weak – Reuters


Tuesday 02/18

Apple’s coronavirus warning spooks markets – business live – guardian

Morgan Stanley: Is This Cycle So Broken That Nothing Makes Sense Anymore – Zerohedge
Jaguar Land Rover UK Factory To Run Out of Chinese Parts In Weeks – Zerohedge
Berkshire Dips Into ETF Market With Two Bets for a Pension Plan – Bloomberg
Yellen Says Fed Should Buy Stocks In The Next Crisis – Zerohedge
20 years after dot-com peak, tech dominance keeps investors on edge – Reuters
“This Is The Wake Up Call” – Apple Virus Shock To Hit Semiconductor Suppliers – Zerohedge
Gold Surges Back Above $1,600, 30Y Yield Tumbles Below 2.00%, Stocks ‘Dip’ – Zerohedge
mpire State manufacturing index hits highest level in nine months – Marketwatch
Singapore unveils US$4.6 billion economic boost in budget to battle coronavirus outbreak – scmp
Franklin Resources to buy Legg Mason, forming $1.5 trillion asset manager – cnbc
Intesa’s Midnight Raid on UBI Set to Spur Italian Bank Mergers – Bloomberg
Glencore posts first annual loss in four years as impairments bite – Reuters
European new car sales down 7.4% in January: ACEA – Reuters
HSBC cuts headcount by 35,000 in deep overhaul – ap
HSBC 2019 profit falls 33%, misses estimates – Reuters



Monday 02/17

Japan’s economy shrinks; Cathay Pacific’s coronavirus warning – business live – guardian

“The Situation Is Evolving” – Apple Cuts Guidance Due To Virus Disruptions – Zerohedge
Apart from the major indexes like the S&P 500, markets are behaving like it is late in the cycle, says Morgan Stanley strategist – Marketwatch
Sustainability disclosures by European companies generally poor: study – Reuters
The impact of the coronavirus on the European economy – economist

EU eyes single record of real-time share prices in markets review – Reuters
German growth to remain weak in Q1 as coronavirus hits: Bundesbank – Reuters
U.S. firms in China report staff shortages, say coronavirus hitting global operations: AmCham – Reuters
Asian shares near three-week highs on Chinese support measures; Japan skids – Reuters
Japan’s economy is shrinking and a recession looks ‘all but inevitable’ – cnn
Japan on brink of recession as economy contracts, virus heightens risk – Reuters
China is disinfecting and destroying cash to contain the coronavirus – cnn