TOP MARKETS NEWS: Week 03/09 – 03/15

Weekend 03/14 & 03/15

Coronavirus pandemic spreads around the globe – cnn

Bank of Israel launches QE measures to ease market volatility – Reuters
Federal Reserve acts on a Sunday evening to slash rates to near zero – forexlive
Federal Reserve slashes rates to zero, restarts QE – yahoofinance
Federal Reserve cuts interest rates to near zero in attempt to prop up US economy – guardian
Fed cuts interest rates to zero percent amid coronavirus fallout – thehill

Fed slashes rates in emergency coronavirus move; U.S. death toll hits 62 – Reuters
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program – cnbc

Fed Panics: Powell Cuts Rates To Zero, Announces $700BN QE5, Unveils Enhanced Global Swap Lines – Zerohedge
Federal Reserve issues FOMC statement – fed
Fed slashes key interest rates to 0% and announces $700 billion QE program, dollar swap to address coronavirus panic – Μarketwatch

New Zealand Unexpectedly Slashes Rates by 75bps To Record Low 0.25%; Warns Kiwi QE Coming – Zerohedge

The World Is Hit With A $12 Trillion Dollar Margin Call – Zerohedge
Goldman Takes Out The Chainsaw: Cuts US Q2 GDP To -5%; Says Recession Has Begun – Zerohedge
Coronavirus: Epidemiological models show Europe faces Italy-like surges within weeks – independent

Visualizing the History of Pandemics – visualcapitalist
France closes restaurants, cafes, movie theaters and other nonessential shops to fight coronavirus – cnbc
Bailout of Air France-KLM not being considered the table at this stage – French official – Reuters

Here’s what could really sink the global economy: $19 trillion in risky corporate debt – cnn

Bridgewater’s Macro Fund Crashes 20% Amid Historic Turmoil – Zerohedge
After 79% Sales Crash In February, China Automakers Beg Government For Bailout – Zerohedge
Coronavirus will bankrupt more people than it kills — and that’s the real global emergency – independent
‘Over-reacting is better than non-reacting’ – academics around the world share thoughts on coronavirus – weforum
What the stock market tells us about the consequences of COVID-19 – voxeu
Keith Wade: Is the world now heading for recession? – schroders



Friday 03/13

Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic – Marketwatch
Trump Declares National Emergency Over Coronavirus – Zerohedge
Get Ready For Your Lifestyle To Change Indefinitely Because Of This Coronavirus Pandemic – Zerohedge
Oil Surges After Trump Orders DOE To Fill Up Strategic Petroleum Reserve – Zerohedge
Bank of Canada Announces Emergency 50bps Rate Cut, As FinMin Unveils C$10BN Support Program – Zerohedge
“The Biggest VaR Shock In History”: Here’s The Reason Behind The Market’s Insane Moves In One Chart – Zerohedge
“Essentially Nothing Left To Sell In Stocks” – Nomura Thinks The Risk-Parity Deleveraging Rout Is Over – Zerohedge
NY Fed Announces Emergency QE, Will Buy $37BN In Bonds; Yields Tumble – Zerohedge
A bigger and deeper targeted RRR cut from China – ing





Thursday 03/12

Stock markets tumble as Trump’s Europe travel ban shocks investors – business live – guardian
Trump Bans All Travel From Europe For 30 Days; Tom Hanks Infected; NBA Suspends Season: Live Updates – Zerohedge

The Most Unloved Bull Market Finally Comes to an End – Bloomberg
Plunging Wall Street stocks end record bull run – Reuters
Coronavirus market rout threatens to wipe out Trump’s stock market gains since his election – cnbc
Bazooka Fired: Fed Unleashes $1.5 Trillion Repo Bailout, Expands “Not QE” To QE5 – Zerohedge
Risk Parity Funds Just Suffered The Biggest Loss In History  – Zerohedge
ECB Unexpectedly Keeps Rates Unchanged, Boost QE By €120BN, Expands TLTRO Terms – Zerohedge
ECB approves fresh stimulus for reeling economy but keeps rates steady – Reuters
BofA’s Shocking Warning: The Treasury Market Is No Longer Functioning Normally  – Zerohedge
Global Systemically Important Bank Stocks Crash To Record Low – Zerohedge
Fed Injects $198 Billion Via Repos To Unfreeze Paralyzed Funding Markets – Zerohedge



Wednesday 03/11

Bank of England says emergency rate cut will protect firms and jobs – business live – guardian

Dow Crashes Into Bear Market – Fastest Drawdown In Market History – Zerohedge
Earnings Expectations Are Starting To Plunge: Here Are The Most-Impacted Sectors – Zerohedge
Fed Boosts Size Of Repo Bailout Facility For 2nd Time In A Week Following Liquidity Collapse – Zerohedge
At least 150 publicly-traded companies have warned investors the coronavirus could harm business – cnbc
WHO Declares Covid-19 A Pandemic, Deeply Concerned At “Alarming Level Of Inaction” – Zerohedge
Boeing To Drawdown Full $13.8 Billion Revolver, Hinting At Imminent Bank Lending Freeze – Zerohedge
“Fallen Angel” Day Arrives: $140 Billion In Energy Debt At Risk Of Imminent Downgrade To Junk – Zerohedge
Deutsche Bank Delays Repayment on $1.25 Billion of Debt as Coronavirus Hits Market – usnews
Wall Street Stressed About Corporate Bonds As Coronavirus Crisis Mounts – forbes

EM equities: wary of second-round effects – PICTET

A popular hedge fund trade is nearing a ‘danger zone’ as rates tumble – yahoofinance
Goldman Sachs says the bull market is over – yahoofinance

Goldman Calls It: “The Bull Market Is Ending”; Cuts S&P Target To 2,450 – Zerohedge

Italy Suspends Mortgage Payments, Businesses Dying As Panicked Residents Hoard Food – Zerohedge

Chinese city in Hubei reverses relaxation policy, to continue transport ban – Reuters
Markets climb after Bank of England’s emergency coronavirus rate cut – yahoofinance

Bank of England announces emergency rate cut of 50 basis points – Marketwatch

Stocks wilt on growing doubts about U.S. virus response – Reuters



Tuesday 03/10

Trump’s coronavirus tax cut plan lifts markets after Crash Monday – business live – guardian

Fiscal stimulus talk is the main mover of the market – cnbc
Here’s what happened to the stock market on Tuesday – cnbc
H2O warns clients of ‘surprisingly large’ losses after market turmoil – ft
Robert Shiller: Coronavirus is creating a ‘dangerous time’ for markets, panic is just starting – cnbc
After Steamrolling Clients, JPMorgan Says Buy Some More (But Admits S&P May Crater To 2,300) – Zerohedge
It Begins: Occidental Is First US Energy Major To Slash Dividend, CapEx – Zerohedge
Oil crash makes Danish wind power firm the Nordics’ biggest energy company – Reuters
Funding Freeze Getting Worse: Dealers Demand Record $216BN In Liquidity From Fed Repo – Zerohedge
Over 100 Homebuilders Go Bust in China as Virus Strains Deepen – Bloomberg
What you need to know about the coronavirus today – Reuters
“Mission Accomplished”?: President Xi Declares Victory Over Coronavirus In Visit To Wuhan – Zerohedge


Monday 03/09

Business Live – guardian
US stocks plummet on coronavirus fears: March 9, 2020 – cnn
Stock market live Monday: Stocks post major losses, Dow’s worst point drop ever, Oil tanks 24% – cnbc
Extreme volatility will last two weeks as oil prices crash and stocks plunge Here’s how to trade it, strategist says – Marketwatch

Coronavirus can travel twice as far as official ‘safe distance’ and stay in air for 30 minutes, Chinese study finds – scmp
Wall Street clobbered as crude plummets, virus crisis deepens – Reuters
Stocks – Dow in Biggest One-Day Points Plunge Ever as Bears Run Riot – investing
Think it’s bad now? Wait a month, says hedge-fund manager Kyle Bass – Marketwatch
Dow loses over 2,000 points, worst single-day drop ever, as oil prices crash – nypost
Why the Outlook for the Economy Just Got Worse – nyt
Dick Bove Sees Oil Shock Dealing ‘Body Blow’ to Ailing Banks – Bloomberg
Factbox: A 7% plunge in the S&P just triggered a trading halt. Here’s how circuit breakers work – Reuters
Goldman Now Sees Fed Cutting Rate Back to Record Low  – Bloomberg
Italy extends coronavirus measures nationwide – bbc

Analyzing oil’s drop coupled with a pop in coronavirus fears – wf

Market plunge: This is not 2008 – blackrock

Bond King Gundlach says ‘things have to get worse’ in the market – cnbc

10-year Treasury yield hits new all-time low of 0.318% amid historic flight to bonds  – cnbc
Rabobank: “Oil Vey” – Zerohedge
Yen, Swiss franc soar as risk appetite plunges on oil, coronavirus  – cnbc

OPEC price war one of three worst things that could hit virus-wracked markets, JPMorgan strategist says – cnbc

German exports to China slumped 6.5% year on year in January – Reuters

Kuroda says BOJ will take appropriate action with eye on markets, virus impact – Reuters
Japan ready to respond to FX volatility based on G7/G20 accord-MOF – Reuters
Investor fears rise over recession, bear market as coronavirus spreads in U.S. – Reuters
10-year Treasury yield continues plunge, dropping to a new record low of 0.3469% – cnbc
A Very Deflationary Outcome Has Begun: Blame The Fed – Zerohedge
FX weekly: A great big bucket of bummerballs – nordea
Oil prices plunge as much as 30% after OPEC deal failure sparks price war – cnbc