TOP MARKETS NEWS: Week 04/24 – 04/30

Weekend 04/29 & 04/30

PNC, JPM, Citizens among final bidders in First Republic auction -sources – Reuters
Top 5 things to watch in markets in the week ahead – investing
Wall Street Week Ahead: Recession Worries Simmer Beneath US Stock Market Rally – Reuters

China Reopening Party Over as Emerging Markets Slip Back to Void – bbg
Key Takeaways From a Better-Than-Feared Start to Earnings Season – bbg

China Non-Manufacturing Activity Expands More Slowly in April – Official PMI – Reuters
China Factory Activity Unexpectedly Cools in April – Reuters
China’s Factory Activity Loses Steam as Recovery Concerns Linger – bbg
Fitch Cuts France’s Rating to ‘AA-‘, Revises up Outlook to Stable – Reuters
Signs Are Mounting That a Debt Crunch is Looming: Credit Weekly – bbg
FDIC Asks JPMorgan, PNC for Final First Republic Bids Due Sunday – bbg

 

Friday 04/28

EU economy returns to growth despite surprise German stagnation – business live – guardian
During Banking Turmoil, FHLB Lons Rose to Record $1 Trillion – bbg
First Republic’s Fate Uncertain After Stock’s Harrowing Tumble – bbg

U.S. Bank Deposits Dip in Latest Week – Reuters
Treasuries and Stocks end the month on a high as VIX hits new lows – Newsquawk US Market Wrap
Wall St Climbs as Strong Earnings Offset Slowdown Worries, Fed Meeting in Focus – Reuters
Bonds, Stocks, & Bitcoin Surge Amid Week Of Stagflationary & Systemic Threats – Zerohedge
Dow gains more than 250 points Friday as index finishes best month since January – cnbc
Stocks making the biggest moves midday: First Republic, Snap, Amazon, Intel and more – cnbc
Fed Admits Its Own Failures, Management Error Behind SVB Collapse, Not “Russian Conspiracy Theories” – Zerohedge
Supervisory Staff Shortages Come Into Focus in Fed, FDIC Reviews of Failed Banks – Reuters
Factbox: Highlights From US Regulators’ Reviews of SVB, Signature Failures – Reuters
FDIC Says Signature Oversight Hampered by Lack of New York Staff – bbg
Signature Bank Failure Due to ‘Poor Management,’ US FDIC Report Says – Reuters
Fed report on SVB collapse faults bank’s managers — and central bank regulators – cnbc
First Republic Plunges to Record Low as Rescue Plan Proves Elusive – bbg
First Republic most likely headed for FDIC receivership, sources say; shares drop 40% – cnbc
US Money Market Funds See Biggest Weekly Inflow in Four Weeks – Reuters
US Labor Costs Increase Solidly in First Quarter – Reuters
US Consumers’ Longer-Term Inflation Expectations Tick Higher – bbg
Consumer sentiment unmoved amid persistent high prices – UMICH

US PREMARKET
Instant View: US March PCE Price Index Shows High, but Cooling, Inflation – Reuters
Inflation Gauge Watched by Fed Shows Prices Still Rising While Consumer Spending Stalls – bbg
Key inflation gauge for the Fed rose 0.3% in March as expected – cnbc
Among Some at Fed, Argument Grows for Patience on Wage Costs – Reuters
Exxon, Chevron Profits Are Booming as If Oil Was $145 a Barrel – bbg
Exxon Delivers Record First-Quarter Profit on Higher Output – Reuters
Chevron Tops Estimates With Q1 Profit Gain Despite Slide in Oil Prices – Reuters
IMF warns of ‘disorderly’ house price corrections in Europe as interest rates move higher – cnbc
Eurozone economy grew marginally in the first quarter of 2023, but divergence is high – ing
Euro Zone Grows Marginally at Start of 2023 After Stagnation – Reuters
Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates – cnbc
German economy not out of recessionary danger, yet – ing
German Economy Skirts Recession, but Just for Now – Reuters
Column-Mega Tech Stocks Lure Back Investors for All Seasons :Mike Dolan – Reuters
Euro-Zone Inflation Fluctuations Test ECB as It Weighs Smaller Hike – bbg
German Inflation Slows Unexpectedly After Economy Stagnated – bbg
IMF Calls on ECB to Keep Raising Rates Until Mid-2024, on EU to Tighten Fiscal Policy – Reuters
U.S. Officials Lead Urgent Rescue Talks for First Republic -Sources – Reuters
Amundi Posts Surprise Outflows Even as Profit Beats Estimates – bbg
Rates Spark: The last piece of the jigsaw – ing
European stock markets dip as investors digest earnings, GDP data; NatWest down 6% – cnbc

Marketmind: Amazon Cools, Intel Warms, Japan Hesitates – Reuters
Take Five: Rate Hike Vs Bank Stress – Reuters

Asia markets rise as Japan keeps monetary policy unchanged, yen weakens – cnbc
China’s Stock Gloom Needs More Than a Blockbuster Golden Week – bbg
Yen Hits Weakest Level Against Euro Since 2008 in Wake of BOJ – bbg
Yen Plummets After BOJ Crushes Hawks: Will Take Up To 1.5 Years To Review Current Policy – Zerohedge
BOJ maintains YCC band unchanged, tweaks forward guidance – forexlive
BOJ’s Ueda Scraps Guidance on Rates, Calls Review, Holds Policy – bbg
Bank of Japan sticks to negative rates while announcing policy review – cnbc
Tokyo Inflation Speeds Up, Focusing Attention on BOJ Price View – bbg

Asian Stocks Set to Rise After Tech-Led US Rally: Markets Wrap – bbg

 

 

Thursday 04/27

Business Live – guardian

Fed Emergency Lending to Banks Ticks up Modestly in Latest Week – Reuters
Bank Bailout Facility Usage Soars For 2nd Straight Week, Money Market Inflows Resume – Zerohedge
Stocks making the biggest moves after hours: Amazon, Intel, Snap, Pinterest and more – cnbc
Cloudflare stock plunges more than 20% after revising guidance down – cnbc
Gilead Profit Misses Wall Street Expectations as COVID Drug Sales Decline – Reuters
T-Mobile Misses Estimates for Quarterly Revenue, Wireless Subscriber Additions – Reuters
Pinterest earnings beat by $0.07, revenue topped estimates – investing
Snap Misses Revenue Expectations, Warns of Q2 Decline – Reuters
Snap plunges on first-quarter revenue miss – cnbc
Intel rallies after giving hope of recovery in second half – bbg
Intel reports largest quarterly loss in company history – cnbc
Amazon Raises Investor Fears of Continued Slowing Cloud Growth – bbg
Amazon Revenue Beats on Stable Online Demand, Cloud Strength – Reuters
AImazon Soars After Smashing Expectations, Guiding Higher – Zerohedge
Amazon shares jump more than 10% as cloud, advertising units drive revenue beat – cnbc
Bonds down, Stocks up after strong data and META earnings – Newsquawk US Market Wrap
Bonds & VIX Dumped, Bitcoin & Stocks Pumped As Stagflation Signals Soar – Zerohedge
Wall St Rallies as Earnings Season Boost Offsets Economy Worries – Reuters
Dow and S&P 500 post best day since January; Nasdaq climbs 2% as Big Tech rallies – cnbc
Stocks making the biggest moves midday: Honeywell, Caterpillar, Meta, First Republic & more – cnbc
‘Big CRE Short’ Gains Momentum As Vornado Delays Dividend, Shares Plunge – Zerohedge
“Inflation Is Killing My Business” – Kansas City Fed Survey Slumps To Lowest Since COVID Lockdowns – Zerohedge
US Pending Home Sales Plunged In March As Rates Rebounded – Zerohedge
US Pending Home Sales Fall 5.2%, Biggest Drop Since September – bbg

Jobless Claims Hover Near 17-Month Highs, Flash Recession Signal – Zerohedge
US in ‘Worst of Both Worlds’ With High Inflation, GDP Slowdown – bbg
US Economic Growth Slows in First Quarter as Businesses Draw Down Inventories – Reuters
Stagflation: Q1 GDP Much Weaker Than Expected On Inventory Plunge As Inflation Comes In Red Hot – Zerohedge
US Economic Growth Slows to 1.1% While Inflation Accelerates – bbg
Recession Fears Sidelined For Now as Consumers Prove Resilient – bbg
S&P Futures Rise Above 4,100 Propelled By Tech Earnings, Rate Hike Doubts – Zerohedge
Mastercard Spending Soars as Consumers Flock to Overseas Travel – bbg
Eli Lilly Raises Guidance, Seeks FDA Nod for Weight Loss Drug – bbg
Caterpillar Drops Amid Worries ‘As Good as It Gets’ Creep in – bbg
Valero Kicks off US Refiners’ Earnings With Q1 Profit Beat on Robust Margins – Reuters
American Airlines Sees Topping Profit Forecast as Global Demand Grows – bbg
AstraZeneca Beats Estimates on Strong Emerging Market Sales as COVID Wanes – Reuters
Barclays posts 27% rise in net profit for the first quarter, beats expectations – cnbc
Barclays Beats Profit Expectations on Credit Card Boom – Reuters
Unilever Sales Beat Estimates on Higher Food, Cosmetics Prices – bbg
Unilever Sales Beat Estimates Even as Price Rises Slow – Reuters
Sanofi Profit Beats Estimates as Blockbuster Drug Advances – bbg
SNB provided $121 billion in emergency liquidity to support UBS’ takeover of Credit Suisse – forexlive
Deutsche Bank Steps Up Cost Savings After Traders Trail Peers – bbg
Deutsche Bank logs 11th straight quarterly profit, reveals job cuts – cnbc
Nordea Bank First-Quarter Income From Lending Beats Estimates – bbg
Top Hedge Fund Says ‘Violent’ Emerging-Market Selloff Is Coming – bbg
Oil Erases All Gains Since Surprise OPEC+ Cut on Demand Woes – bbg
European markets head for lower open as nervousness over banking sector continues – cnbc

Asia markets trading mixed as new Bank of Japan chief chairs first policy meeting – cnbc
China Turns Focus to Boosting Jobs as Youth Unemployment Soars – bbg

Asia Stocks Set to Drop, US Futures Rise on Tech: Markets Wrap – bbg


Wednesday 04/26

Business Live – guardian

House votes to pass debt ceiling bill in win for McCarthy – cnn
House approves Republican debt limit plan in win for McCarthy, GOP – thehill
Chinese retailers helped lift Meta’s first-quarter sales in a tough online advertising market – cnbc
Meta shares pop 12% after company reports first sales increase in four quarters, issues optimistic guidance – cnbc
Stocks mixed as First Republic knocks on death’s door but Microsoft keeps the bid in tech
Big-Tech & Bitcoin Jump, Bonds & Bank Stocks Dump As US Default Risk Soars – Zerohedge
Dow, S&P 500 close lower Wednesday as First Republic woes eclipse Big Tech earnings – cnbc
Goldman Says Big US Tax Haul Means Debt-Limit Deadline in July – bbg
A recession may be coming — here’s how long it could last, according to economists – cnbc
Bankers’ pitch to save First Republic: Help us now, or pay more later when it fails – cnbc
Stocks making the biggest moves midday: Microsoft, Chipotle, Boeing, First Republic Bank and more – cnbc
Commodities Bellwether Flashes US Recession Warning – Zerohedge
Tesla’s Base Model Y Is Now $759 Cheaper Than The Average New Vehicle In The US – Zerohedge
OPEC+ Gains Validation as Demand Woes Erase Price Gains From Cut – bbg

US Durable Goods Orders Unexpectedly Soar In March… Thanks To Boeing – Zerohedge
First Republic Shares Slip on Report of Buyers for New Stock – bbg
Futures Rally Fizzles As Banking Fears Resurface – Zerohedge
Stocks making the biggest moves premarket: Activision Blizzard, Chipotle, First Republic Bank & more – cnbc
If Anything, Strategists Want To Sell Europe Rally – Zerohedge
Boeing Beats On Cash Flow, Hikes 737 Output In 7th Straight Money-Losing Quarter – Zerohedge
Roche First-Quarter Sales Beat Expectations on New Drug Revenue – bbg
European markets head for negative open as banking sector jitters return – cnbc

Asia markets mixed as Wall Street banking fears reignite – cnbc
Heat Waves, Cyclones Are Impacting Stock Markets Across Asia – bbg
China Stock Selloff Eases After $446 Billion in Value Wiped Out – bbg
Analysis-Market Calm Invites Risk of BOJ Shockn – Reuters
Yen Traders Need to Be Wary of One-Way Bullish Bets, RBC Says – bbg
US-Listed China Stocks See $100 Billion Wipeout in Jittery Month – bbg

Asian Stocks Set to Fall, US Futures Gain on Tech: Markets Wrap – bbg


Tuesday 04/25

Business Live – guardian

Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman Warns – bbg
PacWest Says Deposits Now Stable After Turmoil Slammed Stock – bbg
Stocks making the biggest moves after hours: Enphase Energy, PacWest Bancorp, Chipotle, Microsoft and more – cnbc
Visa Posts Jump in Quarterly Profit on Higher Transactions – Reuters
Visa Sees International Travel Spending Unexpectedly Accelerate – bbg
Microsoft Beats Quarterly Revenue Estimates – Reuters
MSFT Shares Jump After Top- & Bottom-Line Beat, But Cloud Growth Slowed – Zerohedge
Google-Parent Alphabet’s Revenue Beats on Ad, Cloud Strength – Reuters
Alphabet Shares Rise on Revenue Beat As Ad Sales Recover – bbg
Alphabet Surges On Across The Board Beat, Solid Google Cloud Results; New $70BN Stock Buyback – Zerohedge
Google’s cloud business turns profitable for the first time on record – cnbc
Risk off as bank fears reignite in wake of FRC deposit exodus – Newsquawk US Market Wrap
Wall St Ends Lower as Weak Earnings Fan Fears of Economic Slowdown – Reuters
Stocks close lower Tuesday as investors’ bank fears return, Dow sheds more than 300 points – cnbc
Lending Slowdown After Banking Crisis Is ‘Concerning,’ UBS Says – bbg
Regional Bank Stocks Extend Skid as First Republic Rout Deepens – bbg
JPMorgan Overthrows JPMorgan for Crown of Largest Actively Managed ETF – bbg
Gucci Sales Growth Sputters as Kering Label Faces Transition – bbg
First Republic’s Strategic Options ‘Very Challenging’ – Fitch – Reuters
First Republic Shares Plunge After Earnings Call Without Questions – bbg
First Republic’s Deposit Exodus Has Analysts Most Bearish Ever – bbg
Stocks making the biggest moves midday: First Republic Bank, PepsiCo, Fiserv and more – cnbc
‘Hope’ Hits Pre-Trump Lows As Regional Fed Surveys Slump – Zerohedge
US Consumer Confidence Hits Nine-Month Low; Housing Market Bottoming Out – Reuters
US Consumer Confidence Dips to Lowest Since July as Outlook Dims – bbg
Conference Board Confidence Slumps In April, Inflation Expectations Remain High – Zerohedge
Housing-Market Bottom Raises Hopes That US Can Avoid Recession – bbg
US New Home Sales Spike In March (At High-End) As Homebuilder Incentives Soar – Zerohedge
US Home Price Growth Slowest In A Decade, San Francisco Crashes – Zerohedge

Futures Slide Ahead Of Mega Tech Earnings – Zerohedge
Raytheon’s Profit Rises on China Aviation Boost – Reuters
GM Lifts Guidance, but Cautions Price Gains Won’t Last – Reuters
Verizon’s Tepid Results Underscore Wireless Slowdown, Tough Competition – Reuters
GE Raises Profit Outlook Even as Economic Risks Mount – Reuters
UPS Revenue at Low End of Estimates as Retail Sales Slow- bbg
UPS shares fall after delivery giant reports disappointing earnings – cnbc
McDonald’s Sales Surge on More Visits Amid Recession Threat – Reuters
McDonald’s earnings beat estimates as U.S. traffic grows despite price hikes – cnbc
Halliburton Beats Quarterly Profit Estimates as Pricing Improves – Reuters
PepsiCo’s Price Hikes, Steady Demand Add Sparkle to Annual Forecast – Reuters
PepsiCo raises outlook as quarterly results beat expectations – cnbc
General Motors raises 2023 guidance as first-quarter earnings beat expectations – cnbc
Spotify’s Monthly Active Users Top 500 Million, Beat Estimate – Reuters
Santander Q1 net profit up in Europe, offsetting weaker Brazil and U.S. units – cnbc
Spain’s Santander Q1 Net Profit Rises 1% Vs Same Period a Year Ago – Reuters
KitKat and Nescafe owner Nestle says it’s raised prices by nearly 10% so far this year – cnbc
Nestle Revenue Growth Accelerates, Helped by Price Increases – bbg
Nestle Beats Quarterly Sales Estimates as Prices Rise Sharply – Reuters
Novartis Lifts Full-Year Earnings on Higher Prescriptions – Reuters
UBS net profit drops 52% in the first quarter due to hit from U.S. legal battle – cnbc
European stock markets fall after flurry of earnings; banks down 1.8% – CNBC

Marketmind: Zooming in on AI, Rates and Chips Wars – Reuters

Asia markets largely fall as investors await Big Tech earnings – cnbc


Monday 04/24

Business Live – guardian

First Republic pursues strategic options as deposits slump – bbg
First Republic Bank Deposits Fall 41%, Shares Slide – Reuters
First Republic Tumbles After Deposits Plunge More Than Expected; Borrows $100BN From Fed, FHLB, JPM – Zerohedge
First Republic says deposits tumbled 40% to $104.5 billion in 1Q, but have stabilized since – cnbc
Dollar and yields fall on growth concerns after soft US data – Newsquawk US Market Wrap
Bonds Bid, Stocks Skid As Debt-Ceiling Doubts Soar – Zerohedge
Nasdaq closes lower Monday as investors prepare for Big Tech earnings – cnbc
Investors Flock to One-Month Bills on US Debt Ceiling Jitters, Shun Others – Reuters
Investors Buy Up Earnings Wins, Sending Stocks Higher Than Usual- bbg
Bayer Confirms 2023 Sales, Earnings Outlook – Reuters
Stocks making the biggest moves midday: Fox, Albemarle, First Republic and more – cnbc
Four Scenarios That Could Send Oil Prices To $200 – Zerohedge
“Business Has Gotten Stupid Slow” – Dallas Fed Manufacturing Survey Slumps To Post-COVID Lows – Zerohedge

 

Stocks making the biggest premarket moves: Coca-Cola, First Solar, C3.ai and more – cnbc
Coca-Cola Gets a Lift From Higher Prices, Steady Demand – bbg
Coca-Cola earnings beat estimates, fueled by price hikes and higher demand – cnbc
Analysis-Germany’s ‘Very Generous’ Pay Deal May Complicate ECB’s Inflation Fight – Reuters
German Economy Likely Grew in Q1, Beating Expectations – Bundesbank – Reuters
German Business Sentiment Improves Slightly in April – Reuters
“Magnitude Of Losses And Outflows Is Alarming:” Credit Suisse Hemorrhages $69 Billion In Assets – Zerohedge
Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse – cnbc
European stocks head for mixed open as global markets stumble slightly – cnbc

Marketmind: Tech Tally in Focus, China Alarms Europe – Reuters

Asia-Pacific markets largely down after Wall Street posts weekly loss – cnbc

Stock Futures Edge Lower as Dollar Trades Mixed: Markets Wrap – bbg
Week Ahead: BOJ Meeting; U.S. Data; ECB Speakers; Yoon Meets Biden – cb
Key Events This Very Busy Week: Fed Blackout, GDP, PCE, BOJ, And Earnings Galore – Zerohedge