TOP MARKETS NEWS: Week 04/03 – 04/09

April 3, 2023
  

Weekend 04/08 & 04/09

Top 5 things to watch in markets in the week ahead – investing
US Consumer Prices Are Seen Staying Firm, Testing the Fed – bbg

Japan Inc. Sells Record Short Bonds Amid BOJ Tightening Bets – bbg
Ex-BOJ Deputy Governor Nakaso Predicts Tweak or End to YCC -Nikkei – Reuters
Charting the Global Economy: US Job Growth Cools; Oil Up on OPEC – bbg
A $1.5 Trillion Wall of Debt is Looming for US Commercial Properties – bbg
OPEC+ Shock Revives Oil Bulls Even as Demand Warnings Flash – bbg
US Inflation Data to Test Market’s Bets on Future Fed Easing – Reuters

 


Friday 04/07

Bank Deposits Edge up After Record Outflows, Fed Data Shows – Reuters
US Bank Lending Slumps by Most on Record in Final Weeks of March – bbg
US Consumer Credit Increased in February at a More Moderate Pace – bbg
Fed Traders Boost May Hike Bets After Better-Than-Expected Jobs – bbg
Job Market Softens Only a Bit, Keeping Fed on Track for May Hike – bbg
US Payrolls Rise Moderates in March, Participation Rate Firms – Reuters
US Economy Still Churning Out Jobs at Brisk Clip; Wage Pressures Subsiding – Reuters
Job growth totals 236,000 in March, near expectations as hiring pace slows – cnbc
Tesla Cuts Model S and X Prices for Third Time This Year – bbg

US Equity Futures Little Changed Before Jobs Data: Markets Wrap – bbg

 

Thursday 04/06

Business Live – guardian

Borrowing From Key Fed Lending Facilities Cools a Bit in Latest Week – Reuters
Fed Balance Sheet Shrank By Most In 34 Months But Bank Bailout Facility Usage Rises – Zerohedge
Traders take profit from ‘recession trade’ into NFP and Easter despite jobless claims spike – Newsquawk US Market Wrap
Bonds Best, Gold Good, Banks & Big-Tech Bad, & Jobs Ugly – Zerohedge
S&P 500 ends Thursday higher, but suffers its first down week in four – cnbc
Biden Is Set to Propose Toughest-Ever Rules on Car Pollution to Spur EVs – bbg
Fed’s Bullard Says Lower Bond Yields to Offset Banking Strains – bbg
Explainer-How Are Money Market Funds Preparing for a Potential Debt Ceiling Crisis? – Reuters
What Happens After The End Of Fed Rate-Hikes – Zerohedge
US Dividend Funds See Biggest Quarterly Outflows in 2-1/2 Years – Reuters
Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more – cnbc
NY Fed Index Shows Global Supply Chain Pressures Eased Further in March – Reuters
These are the countries that will be ‘most hit’ if oil prices reach $100 – cnbc
A ‘credit crunch’ is already under way and may result in a recession, economist warns – Marketwatch
Column-Another Fed Milestone? Policy Peak With Negative Real Rates: McGeever – Reuters
IMF Warns Global Growth Outlook Weakest In Over 30 Years – Zerohedge
IMF Warns Five-Year Global Growth Outlook Is Weakest Since 1990 – bbg

Marketmind: and It Was All Going So Well – Reuters

Take Five: an Uneasy Calm – Reuters
Jobless Claims Explode Higher After BLS ‘Revisions’; Tech Layoffs On ‘2001’ Pace – Zerohedge
US Weekly Jobless Claims Drop; Revisions Suggest Labor Market Looser – Reuters
US Jobless Claims Beat Estimates After Updated Seasonal Factors – bbg
Futures Flat Ahead Of Jobless Claims As Treasury Yields Plunge For 7th Day – Zerohedge
Strong industrial data take away recession risk in Germany – ing
German Industrial Output Rises More Than Expected in February – Reuters
Inflation Could Make or Break Rebounding 60/40 Portfolio – bbg
What I learnt from three banking crises – ft
Small Businesses File For Bankruptcy At Record Pace, Surpassing COVID Crash – Zerohedge
World Stocks Survive Banking Turmoil – but for How Long? – Reuters
Exclusive-German Banks Hit by Wave of Complaints From Savers – bbg

Marketmind: Weary Markets Wary of Recession – Reuters

India holds rate in surprise move; Asia markets fall as Wall Street assesses slowing growth – cnbc
And Then There Were Three: India Is Latest Central Bank To Pause Rate Hikes – Zerohedge
Analysis-New BOJ Chief to Slowly Unwind Kuroda’s Policy Experiment – Reuters
China’s Services Activity Surges to More Than Two-Year High – bbg
Australia’s Commercial Property Sector at Risk After Bank Turmoil, Says RBA – bbg
BOJ’s Kuroda Leaves $11.7 Trillion ‘Shock and Awe’ Experiment to His Successor – bbg

Asia Stocks Set to Echo US Dip on Recession Fears: Markets Wrap – bbg

 

Wednesday 04/05

S&P 500 Ends Lower as Recession Fears Take Center Stage – Reuters
Risk off after US data sparks growth concerns – Newsquawk US Market Wrap
Banks & Big-Tech Breakdown On Bad Data, Fed Flip-Flop Sparks Dovish Dive In Rates – Zerohedge
Nasdaq falls 1% for three-day losing streak after weak economic data – cnbc
BlackRock Hired to Sell $114 Billion in Failed Banks’ Securities – bbg
Ether is rallying ahead of major upgrade that will let holders more easily access their tokens – cnbc
Glencore’s Big Bid for Teck Extends Canada’s Mining-Deal Heritage – bbg
The US braces for a harder landing – ing
Stocks making the biggest moves midday: Nvidia, Palantir, Western Alliance, Johnson & Johnson and more – cnbc
Treasury 10-Year Yield Reaches 2023 Low as Soft Data Accumulate – bbg
ECB Officials Rally Behind Call That Rate Hikes Will Soon End – bbg
Column-‘Fragmentation’ the Buzzword – and What It Costs: Mike Dolan – bbg
Saudi Arabia Hikes Prices for Asian Oil Sales After OPEC+ Cuts – bbg
ISM Services Slumps In March As Export Orders Collapse – Zerohedge
U.S. Service Sector Slows in March; Inflation Cooling – ISM Survey – Reuters
US Service Gauge Falls More Than Expected as Demand Moderates – bbg

Markets Labor Under Recession Cloud – Reuters

US PREMARKET
US Trade Deficit Widens for a Third Month to $70.5 Billion – bbg
ADP Employment Report Confirms Labor Market Weakness In March – Zerohedge
US Companies Add Fewer Jobs Than Forecast, ADP Data Show – bbg
Private payrolls rose by 145,000 in March, well below expectations, ADP says – cnbc
Stocks making the biggest moves premarket: Johnson & Johnson, FedEx, Zions and more – cnbc
Futures Dip Ahead Of Private Payrolls Data, After Hawkish Surprise Out Of New Zealand – Zerohedge
Americans Emulate Europe and Work Less, Posing Problem for Fed – bbg
Bills, Notes, Or Bonds? – Zerohedge
FedEx Targets $4 Billion Cost Cuts by Merging Delivery Networks – bbg
Euro Zone Recovery Gathered Pace in March on Demand for Services -PMI – Reuters
German industrial orders surged in February – ing
OPEC+ Cuts Give Extra Lift to Already-Tight Corner of Oil Market – bbg
Gold Holds Surge Past $2,000 With Record High Suddenly in Sight – bbg
Pimco’s Browne Says US Stocks Ignore Threats of Recession, Banks – bbg
One Shale Executive Correctly Called OPEC+’s Surprise Output Cut – bbg
European markets set for flat open as investor uncertainty resurfaces – cnbc

Marketmind: Jolted Markets Fret About Economy, Fed Rate Path – bbg

 

ASIA NEWS
New Zealand hikes interest rate by 50 basis points in a surprise move; Asia markets mixed – cnbc
RBNZ Stuns Market With Bigger Rate Rise, More Tightening Seen – Reuters
Chinese economy dragged down by external demand – ing
New Zealand Unexpectedly Lifts Key Rate by Half Percentage Point – bbg
BOJ Could End Yield Curve Control in April, Ex-Official Says – bbg

Asia Stocks Face Headwinds as US Rally Hits Wall: Markets Wrap – bbg
Marketmind: Markets Get a JOLT From the Blue – Reuters

 


Tuesday 04/04

Business Live – guardian
Explainer-How Will OPEC’s Production Cut Affect US Gasoline Prices? – Reuters
Analysis-OPEC+ in Driver’s Seat as Oil Supply Growth Lags Demand – Reuters

Wall Street Ends Down as Weak Economic Data Fuels Recession Fears – Reuters
Tumble in US job openings hits cyclical assets – Newsquawk US Market Wrap
‘Bad News’ Is No Longer ‘Good News’ As Jacked-Up Jobs Data & Jamie Dimon Jolt Markets – Zerohedge
Stocks close lower Tuesday, Dow and S&P 500 snap four-day win streaks as economic worries loom – cnbc
Gordon Johnson: Despite Positive China Numbers, Tesla’s Q1 Earnings Setting Up For “Epic Disaster” – Zerohedge
Gundlach’s DoubleLine Launches Real Estate and Mortgage ETFs at Tricky Time – bbg
OPEC+ Cut Set to Trigger More Competition for Latin America Oil – bbg
Morgan Stanley analysts are forecasting something ‘worse than in the Great Financial Crisis’ for commercial real estate – fortune
Traders Bet Fed Won’t Raise Rates Further as Job Market Cools – Reuters
Stocks making the biggest moves midday: General Motors, AMC, Virgin Orbit, Kinross Gold and more – cnbc
C3.ai Shares Drop After Short-Seller Alleges ‘Accounting Issues’ – bbg
Gold & Bonds Soar After Weak Jobs, Manufacturing Data; Rate-Cut Odds Soar – Zerohedge
US Labor Market Loosening as Job Openings Approach Two-Year Low – Reuters
JOB OPENINGS AND LABOR TURNOVER – FEBRUARY 2023 – bls
Labor Market Finally Cracks: Job Openings, Hires Crash To Lowest Since May 2021, Miss Every Estimate – Zerohedge
Job openings tumbled below 10 million in February for the first time in nearly two years – cnbc
U.S. Factory Orders Post Second Straight Monthly Decline in February – Reuters

Marketmind: Markets Brush off OPEC as Factories Stall – Reuters

US PREMARKET
S&P Futures Extend Gains For A Fifth Day, Near 8-Month High – Zerohedge
Stocks making the biggest moves premarket: Etsy, Boeing, Virgin Orbit and more – cnbc
British Pound Leads European Currency Rebound – bbg
Trading Volatility Is the New Reality for Bond Investors – bbg
Euro Zone Producer Prices Fall for Fifth Straight Month in Feb – Reuters
EU housing market boom ends with first quarterly price fall since 2015 – FT
OPEC+ Output Cuts to Support Short-Term Prices, May Push Market into Deficit – fitchratings
Rates Spark: Higher oil prices meet a slowing global economy – ing
JPMorgan’s Kolanovic Warns Stocks Are in ‘Calm Before the Storm’ – bbg
Sentiment Toward Stocks Hasn’t Been This Bad in Years, Bank of America Says – bbg
European stocks head for higher open, brushing off concerns over oil markets – cnbc

Asia markets mostly rise as Australia’s central bank holds rates steady, Aussie falls – cnbc
Hong Kong Intervenes in FX Market For First Time in Seven Weeks – bbg
Australia Pauses Tightening Cycle Amid Economic Uncertainty – bbg
BOJ Should Review Yield Curve Control Under Ueda, Ex-Finance Official Says – bbg

Futures Show Cautious Open as Asia Weighs Oil Risk: Markets Wrap – bbg

 

 

Monday 04/03

Investor Fears Over Inflation, Growth Reignited by OPEC+ Move – bbg
These Were The Best And Worst Performing Assets In March And Q1 – Zerohedge

Crude climbs after OPEC cuts; yields and Dollar dip on month-end hangover – Newsquawk US Market Wrap
Ugly Data & Oil Shock: Stagflation Threat Sparks Bond & Gold Gains; Banks & The Buck Dumped – Zerohedge
S&P 500 Ends Higher as Oil Stocks Rally; Tesla Tumbles – Reuters
Dow closes 300 points higher to begin April’s trading, S&P 500 notches fourth day of gains – cnbc
Stock ETFs See Lowest Quarterly Inflow Since Start of Pandemic – bbg
FDIC Plans to Offer $60 Billion of Signature Loans in the Coming Months – bbg
US Gasoline Prices Seen Rebounding to $4 a Gallon on OPEC+ Cut – bbg
Don’t Expect US Shale to Quickly Fill the Gap Left by OPEC+ Cut – bbg
US Energy Stocks Join European Peers’ Rally After Surprise Oil Output Cut – Reuters
Energy Sector Notches Its Best Day Since October on OPEC+ Cut – bbg
OPEC+ Wants to Make Oil Speculators Think Twice With Shock Cut – bbg
Wharton Professor Jeremy Siegel says the surge in oil prices won’t be a big problem for inflation as natural gas keeps plummeting – businessinsider
Stocks making the biggest moves midday: Tesla, Marathon Oil, WWE, UnitedHealth and more – cnbc
GM Quarterly Auto Sales Rise 17.6% – Reuters
Shock OPEC+ Output Cuts to Hit Demand and Rates for Oil Tankers – bbg
OPEC+ to cut oil output, signaling clear break with U.S. – asianikkei
OPEC+ just made the Fed’s job more complicated. Here’s what it did — and what could be next – cnbc
Tesla shares slip as margin worries overshadow record deliveries – yahoofinance
Biden’s EV Tax Credit Rules Leave Carmakers in the Dark — Again – bbg
ISM Manufacturing Tumbles To Post-COVID Lows, Employment Slumps – Zerohedge
New York Gasoline Prices May Jump This Summer as Europe Exports Less – bbg
ECB Half-Point Hike ‘Still on Cards’ for May, Holzmann Says – bbg

Marketmind: Crude Cut Complicates Q2 – Reuters

Oil Soars, Futures Flat After Shock OPEC Output Cut – Zerohedge
AI and Robotics ETFs Are Hotter for Traders Than Crypto in 2023 – bbg
Stocks making the biggest moves premarket: Marathon Oil, Macy’s, WWE and more – cnbc
OPEC+ Output Cut Set to Wipe Out This Quarter’s Oil Surplus – bbg
Euro Zone Factory Downturn Deepened in March -PMI – bbg
Oil Prices Soar On Hedge Fund Short Squeeze – Zerohedge
German Manufacturing Activity Downturn Deepened in March -PMI – Reuters
Why One Firm’s 3,612% Return Is Drawing the Ire of Hedge Funds – bbg
Morgan Stanley Strategist Says US Tech Stocks’ Rally Is Overdone – bbg
Europe’s Inflation Crisis Pulls Governments Into a Food Fight – bbg
Oil Price Jolt Compounds the Inflation Puzzle for Central Banks – bbg
$100 Oil to Tighter Markets: Here’s What Analysts See After OPEC+ Shock Cut – bbg
Treasury Yields Rise as Jump in Oil Adds to Inflation Concerns – bbg
Biden’s Limited Options to Respond to OPEC+’s Surprise Oil Cut – bbg
Key Events This Week: Good Friday Payrolls, JOLTS, ISM And Even More Fed Speakers – Zerohedge
Oil prices surge 8% after OPEC’s surprise output cut; analysts warn of $100 per barrel – cnbc
European markets head for mixed open; surprise OPEC+ cut watched closely – cnbc

Asia markets rise as oil surges after surprise OPEC+ cut; investors digest factory data – cnbc
Asia’s Factories Encounter Hurdles in Further North-South Split – bbg
Beijing’s Micron Probe Spurs $12 Billion Rally in China Chip Stocks – bbg
China New Home Sales Rise Sharply in March – Survey – bbg
Japan’s Manufacturer Sentiment Worsens to Two-Year Low – bbg
Emerging Market Era More Grind Than Go-Go After Rough Start – bbg

US Stock Futures Fall, Yen Weakens as Oil Rallies: Markets Wrap – bbg
Week Ahead: U.S. Employment Report; BOE, ECB & FED Speakers; Macron Visits China – christophe_barraud

 

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