TOP MARKETS NEWS: Week 04/17 – 04/23

April 18, 2023
  

Weekend 04/22 & 04/23

Top 5 things to watch in markets in the week ahead – investing
Fed’s Next Rate Move May Crystallize With Coming Data: Eco Week – bbg
Ethereum: Goldman’s Shapella Upgrade Post-Mortem (& What Happens Next) – Zerohedge

 

 

Friday 04/21

Business Live – guardian

US Bank Deposits Resume Outflows, Led By Large Institutions; Small Bank Loan Growth Slumped – Zerohedge
Stocks meander while Vix remains at YTD lows but hot data hits bonds – Newsquawk US Market Wrap
Stocks, Bonds, Gold, & Crypto Slide As US Sovereign Risk Roars To Record High – Zerohedge
Wall St Posts Slim Gain Ahead of Big Earnings Week – Reuters
Stocks end Friday’s session little changed, Dow snaps 4-week win streak – cnbc
Factbox-World’s Biggest Lithium Producers – Reuters
Chile Stuns Markets And EV Makers By Nationalizing Lithium Industry Overnight – Zerohedge
Factbox-Chile Lithium Move Latest in Global Resource Nationalism Trend – Reuters
Chile plans to nationalize its vast lithium industry – cnbc
“Brace” – JPMorgan Warns Debt-Ceiling Showdown Means “Non-Trivial Chance Of A Technical Default” On US Treasuries – Zerohedge
Tech Earnings to Test Markets’ ‘Most Crowded’ Trade – Reuters
Stocks making the biggest moves midday: CSX, Pool, Procter & Gamble and more – cnbc
Amazon Rallies After Research Firm Predicts Upbeat Retail Sales – Reuters
US 5-Year Credit Default Swaps Rise to Highest Since 2011 – Reuters
U.S. Company Comments Suggest Upbeat Demand Despite Gloomy Forecasts – Reuters
Recession-Wary Investors Pour $9.1 Billion Into Hedge Funds in First Quarter – Reuters
Column-Evaporating Equity Risk Premium Herds Funds to Bonds: McGeever – Reuters
U.S., Euro Zone Business Activity Accelerates to 11-Month Highs in April – Reuters
US Business Activity Rises to 11-Month High in April – S&P Global Survey – Reuters
US Manufacturing & Services PMIs Unexpectedly Soared In Flash April Survey, Inflation Resurgent – Zerohedge

Marketmind: April Boomlet Mocks Recession Script – Reuters

Freeport-McMoRan Signals More Pain From Labor Shortages as Profit Slumps – Reuters
A recession is coming — and stock markets won’t come through it unscathed, strategist says – cnbc
Futures Slide In Risk-Off End To Volatile Week – Zerohedge
Rate Hike Worries Drive US Bond Funds First Outflow in Three Weeks – Reuters
Stocks making the biggest moves premarket: Procter & Gamble, CSX, PPG Industries and more – cnbc
Procter & Gamble Hikes Prices Again With Scant Pushback, and Boosts Sales View – Reuters
Procter & Gamble beats earnings estimates, raises revenue forecast as prices rise – cnbc
Investors Cut Cash Holdings as Market Focus Shifts to Inflation – Reuters
Take Five: Into the Thick of It – Reuters
Morgan Stanley’s Seth Carpenter Makes Case for a Soft Landing – bbg
SAP outlook cut, but shares rise on strong cloud revenue growth – investing
Economists and policymakers were fretting about a wage-price spiral. Not any more – CNBC
Analysis: Bearish Fundamentals, Buoyant Charts Complicate Outlook for US Stocks – Reuters

Asia Pacific markets lower as Japan’s core inflation holds steady – cnbc
China Passes Guidance for Supporting Private Sector – State Media – Reuters
BofA Joins Four Other Brokerages, Upgrades China’s 2023 GDP Growth Forecast – Reuters

Marketmind: Purchasing Managers of the World, Diverge – Reuters


Thursday 04/20

Business Live – guardian
US Labor Market Cooling; Leading Indicator Flashes Recession – Reuters
US Leading Economic Indicators Tumble For 12th Straight Month, Signal Recession Imminent – Zerohedge

Bank Bailout Facility Usage Rises First Time Since SVB, MM Fund Outflows Soar – Zerohedge
Sentiment wains with NDX weighed on by TSLA as claims ticks higher, Philly Fed falls – Newsquawk US Market Wrap
Debt Ceiling Fears, Fugly Data, & FedSpeak Slam Stocks & Crypto; Gold & Bonds Bid – Zerohedge
Nasdaq closes lower Thursday, dragged by Tesla shares – cnbc
Mercedes-Benz Reports Q1 Adjusted Return on Sales of 14.8% – Reuters
Explainer-Looming US Debt Ceiling Fight Is Starting to Worry Investors – Reuters
Stocks making the biggest moves midday: Tesla, IBM, American Express, AT&T and more – cnbc
Ferragamo Sales Decline Slightly in Q1 Dragged by US – Reuters
US Existing Home Sales Resume Downward Trend in March – Reuters
US Existing Home Sales Resume Slide In March; Home Prices Drop Most In A Decade – Zerohedge

Philly Fed Business Survey Unexpectedly Slumps To ‘Worst Since Lehman’ – Zerohedge
The Number Of Americans Claiming Jobless Benefits Hits 17-Month High – Zerohedge
US Equity Futures Slide As Global Risk Sentiment Turns Sour – Zerohedge
Debt Ceiling Jitters Lift US Credit Default Swaps to Highest Since 2011 – Reuters
AT&T falls most since 2000 on cash flow miss, subscriber falloff – bbg
EU Parliament Backs World’s First Comprehensive Rules for Cryptoassets – Reuters
JPMorgan Sees ‘Non-Trivial Risk’ of a Technical Default on U.S. Treasuries as Debt Ceiling Looms – Reuters
German Producer Prices Rise Less Than Expected in March – Reuters
Nokia Profit Misses Forecast, Expects Stronger Second Half – Reuters
Nokia Misses Estimates Citing Squeeze on Customer Spending – bbg
France’s Renault Plans No Big Price Cuts Despite Tesla Challenge – Reuters
Renault Sales Beat Estimates as EV Pricing Pressure Mounts – bbg
Analysis-Crisis Radar Falls on Fault Lines in Europe’s Commercial Property – Reuters
Oil Extends Losses as US Slowdown Overshadows Stockpile Draw – bbg
Fed’s Williams Says Banking Stress Likely to Tighten Credit – bbg
European markets head for somber open as earnings season continues – cnbc live

Marketmind: Oil Price Relapse – Reuters

Asia markets mixed as investors weigh more Wall Street earnings – cnbc live
Asian Shares, Dollar Wobble on Caution Before Central Bank Meetings – Reuters
TSMC Profit Beats After Chip Demand Fares Better Than Feared – bbg
Analysis-Investors Seek to Break Through Japan Inc’s ‘Value Trap’ – Reuters
Chinese Chip Rival to Samsung Seeks IPO at $14.5 Billion Value – bbg

Asia to See Cautious Open on Mixed Earnings, Rates: Markets Wrap – bbg
Marketmind: Cautious Markets Focus on Central Banks’ Diverging Paths – Reuters
Marketmind: Low Volatility Propping up Risk Appetite – Reuters

 


Wednesday 04/19

Business Live – guardian
UK Inflation Unexpectedly Comes In Red Hot, Remains In The Double Digits – Zerohedge

Stocks making the biggest moves after hours: Tesla, Las Vegas Sands, IBM and more – cnbc
Las Vegas Sands Leads Casinos Higher on Signs of Macau Recovery – bbg
Tesla misses estimates as price cuts squeeze profit margins – bbg
Tesla Slides As Raging Price War Leads To Revenue, Earnings Miss, Margin Drop – Zerohedge
Tesla’s Margins Drop on Aggressive Discounting, Shares Fall – Reuters
Tesla net income and earnings drop more than 20% from last year – cnbc
IBM Misses First-Quarter Revenue Estimates as Corporate IT Spending Shrinks – Reuters
IBM earnings top estimates as margins expand – cnbc
Hot UK CPI ignites global hawkish repricing, equity vol still tumbles – Newsquawk US Market Wrap – Zerohedge
Regional Banks Rip Higher As Inflation Spooks Bonds, Bitcoin, & Bullion – Zerohedge
S&P 500 ends Wednesday flat as investors digest major earnings from the likes of Netflix, Morgan Stanley – cnbc
Beige Book Sees Slowdown In Employment And Inflation, Sharp Tightening In Credit Standards And Spike In “Liquidity” Concerns – Zerohedge
US Economy Stalls as Credit Narrows, Fed’s Beige Book Says – bbg
As US Debt-Ceiling Debacle Looms, Goldman Warns Of Stock & Bond Yield Declines, Dollar Bid – Zerohedge
Corporate Bonds Are Being Cut to Junk at Fastest Pace Since 2020 – bbg
US Treasury’s Cash Pile Jumps $108 Billion on Tax Day – bbg
Barclays to Shut 21 ETNs a Year After ‘Staggering’ Note Blunder – bbg
Stocks making the biggest moves midday: Rivian, Western Alliance, Peloton and more – cnbc
Wall Street Banks Sailed Through a Quarter of Collapsed Lenders – bbg
“It Wasn’t A Mistake Or Slip”: Lagarde Hints At Raising Central Bank Inflation Target – Zerohedge
Column-‘Peak Fed’ Aggravates U.S. Debt Ceiling Strains: McGeever – Reuters
House Moderates Float US Debt-Limit Extension Until December – bbg
Analysis-Why Is UK Inflation So High? – Reuters
More Americans Are Losing Their Homes as Foreclosures on US Properties Rise – bbg
Record Demand Pushes Silver Into New Era of Deficits, Silver Institute Says – Reuters
Foreign Investors Set Sights on Turkey After Elections – Reuters

Marketmind: Crowded Bonds Unnerved – Reuters

Futures Slide After Hawkish Bullard Comments, Red Hot UK Inflation – Zerohedge
Stocks making the biggest moves premarket: United Airlines, Netflix, Morgan Stanley and more – cnbc
L’Oreal Beats Expectations With Strong Sales in U.S., Europe – Reuters
Citigroup Hikes 2023 Global Growth Forecast, Sees US Recession Only in Q4 – Reuters
Morgan Stanley Beats Estimates as Wealth Management Shines – Reuters
Morgan Stanley Revenue Tops Estimates Even as Provisions Jump – bbg
Morgan Stanley tops analysts’ expectations on better-than-expected trading results – cnbc
EURO AREA Annual inflation down to 6.9% in the euro area – europa
ASML Sales Outlook Beats Estimates as Demand Remains Strong – bbg
US Stock Bulls Ignore 100 Years of Recessions at Their Peril – bbg
Analysis-Banking Crisis Scars Struggling U.S. Real Estate Stocks – Reuters
Crypto Crashes Amid Cascade Of Long Liquidations – Zerohedge
Q1 Earnings Season Starts Off With A Bang… And The Best Beat Rate In Over 10 Years – Zerohedge
Stocks Face Hit as $800 Billion Stimulus to Fade, Citi Says – bbg
London’s Housing Crisis Is About To Get Worse – bbg
Tesla Drops Model 3, Model Y Prices on Eve of Quarterly Earnings – bbg
European markets set for flat open as investors digest comments by Fed officials – cnbc

Marketmind: Sterling’s Inflation Test – Reuters

 

Asia markets trade mixed as Fed officials seem divided on rate hikes ahead – cnbc
China Says Drafting Plans to Boost Recovery, Expansion of Consumption – Reuters
Analysis-China’s ‘atypical’ deflation cycle gives central bank a headache – investing
Japanese Stocks Have Longest Rally in a Year Amid Buffett Boost – bbg
BOJ Is Said to Be Wary of Tweaking YCC Soon After Banking Crisis – bbg
Man Group Shares Warren Buffett’s Renewed Optimism for Japanese Stocks – bbg
$1 Billion Sale Marks First Major Bank’s AT1 Bond Offer Since Credit Suisse Wipeout – bbg

Asia Stocks Set for Mixed Open as Volatility Falls: Markets Wrap – bbg
Marketmind: Central Banks on Pause Patrol – Reuters

 

Tuesday 04/18

House Republicans Plan to Vote on Debt Limit, Spending Cuts Next Week – bbg
Stocks making the biggest moves after hours: Netflix, United Airlines, Western Alliance, Interactive Brokers and more – cnbc
Netflix Dumps’n’Pumps After Subscriber Miss; Slashed Forward Guidance – Zerohedge
Netflix Reports Mixed Earnings as Password Crackdown Set to Expand – Reuters
Netflix is off to another slow start with subscriber miss – bbg
United Airlines Sees Return to Profit on ‘Strong’ International Travel Demand – Reuters
Hawkish Fed speak and mixed data sees Treasuries flatten but stocks little changed – Newsquawk US Market Wrap
US Sovereign Risk Nears Record High; Yield Curve Screams Recession As VIXtermination Continues – Zerohedge
S&P 500 ends Tuesday little changed as earnings season picks up steam – cnbc
Anti-Ark ETF Creator Looks to Repeat Trick After Losing Fund – bbg
CRE Giant Brookfield Defaults On $161 Million Debt For DC Office Buildings – Zerohedge
White House Will Keep a Close Eye on Commercial Real Estate, Adviser Says – bbg
Hedge Fund Titan Marshall Warns Real Estate Is Next Shoe to Drop – bbg
US Paychecks Are Outpacing Inflation – bbg
EU Advances €43 Billion Plan to Make More Semiconductors – bbg
Goldman Changes ECB Call, Now Sees 3.75% Terminal Rate – bbg
Stocks making the biggest moves midday: Southwest Airlines, Goldman Sachs, Bellus Health and more – cnbc
US Debt Ceiling Deadline Could Be Sooner Than Anticipated, Banks Warn – Reuters
Nvidia Surges to Year High After Bearish HSBC Analyst Capitulates – Reuters
This Year’s Top Bond Investors Disagree on Depth of US Recession – bbg
Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’ – cnbc

US PREMARKET
S&P Futures Hit 2 Month High: 4,200 Looms As Record Bearish Sentiment Leads To Another Meltup – Zerohedge
US Housing Starts Decline, Dragged Down by Multifamily Units – bbg
Lockheed Martin Taps Strong Defense Demand to Beat Results Estimates – Reuters
More US Consumers Are Falling Behind on Payments – Reuters
BNY Mellon’s First-Quarter Deposits Beat Analyst Estimates – bbg
Goldman Slides After FICC Revenue Unexpectedly Tumbles – Zerohedge
Goldman Sachs Profit Falls on Sluggish Deals and Bond Trading, Marcus Loss – Reuters
Goldman’s Traders Miss Out on Wall Street’s Fixed-Income Boom – bbg
Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans – cnbc
Investors Most Underweight Stocks Versus Bonds Since 2009, BofA Says – bbg
Bank of America Jumps On Blowout Earnings As Big Banks Feast On Small Bank Corpses – Zerohedge
BofA Profit Beats Estimates as It Cashes in on Higher Rates, Bond Trading – Reuters
BofA Tops Estimates as Fixed-Income Traders Fuel Profits – bbg
Bank of America posts first-quarter results that top expectations on higher rates – cnbc
J&J Issues Cautious 2023 Forecast, Shares Fall – Reuters
European stocks close higher as investors assess earnings; Stoxx 600 hit 14-month high – cnbc

Marketmind: China’s Economy Gathers Pace but Markets Unimpressed – Reuters
Marketmind: Global Pulse Picks Up, Rates Creep Higher Again – Reuters

 

Asia markets trade mixed as China first quarter GDP beats expectations – cnbc
J.P.Morgan, Citi Upgrade China’s 2023 Full-Year GDP Growth Forecast – Reuters
Instant View: China’s Economy Grew 4.5% Year-On-Year in Q1, Above Expectations – Reuters
China’s economy grew 4.5% in the first quarter, the fastest pace in a year – cnbc

Monday 04/17

 

 

 

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