TOP MARKETS NEWS: Week 04/15 – 04/21

Thursday 04/18

Stocks Blog: Mainland, Hong Kong markets taking a spin downward – SCMP

US Services PMI Crashes To 2-Year Lows, Signals GDP Slump – Zerohedge
US Retail Sales Surge Most Since 2017 – Zerohedge
Philly Fed manufacturing index declines in April as outlook drops to three-year low – Marketwatch
Here We Go Again: Pinterest, Zoom Price Above Range In Latest Batch Of ‘Unicorn’ IPOs – Zerohedge
Why Credit Suisse says tech stocks are actually defensive (hint: it’s the cash) – Marketwatch
S handbags, helicopters and hazelnuts all put on $20 billion EU tariff list after Boeing ruling – cnbc
Big corporates back crypto ‘plumbing’ despite currency caution – Reuters
Germany’s private sector sees modest growth in April as resilient services performance continues to offset manufacturing weakness – markit
Major banks raise China growth forecasts after surprise GDP numbers — some are still cautious – cnbc

Two more rounds of talks set for May amid hope the US-China trade war is ending – SCMP




Wednesday 04/17

Business Live – guardian
Stocks Blog: China stocks climbing on strong growth data – scmp

Beige Book Downgrades US Economy Outlook To “Slight-To-Modest” – Zerohedge
Morgan Stanley leans on wealth management to beat estimates – Reuters
US Trade Deficit Shrinks As Exports To China Surge – Zerohedge
The Bank of Japan Is Now A Top-10 Shareholder In 50% Of All Japanese Companies – Zerohedge
Turkey’s economy is spiraling — and a new election will make things worse – cnbc
Two-Thirds Of Wall Street Investors Positioned For “Secular Stagnation”, See Late 2020 Recession – Zerohedge
Bridgewater Warns Of Much Lower Equity Prices As Margins Shrink – Zerohedge
China’s economy grew 6.4% in Q1, beating expectations – Marketwatch
Bank of Japan to be top shareholder of Japan stocks – asianikkei
Japan exports hit by weak China demand, raising risk of economic contraction – Reuters



Tuesday 04/16

Business Live – guardian
Stocks Blog: China, Hong Kong stocks take a spin upward – scmp

IBM Tumbles After Reporting Worst Revenue In 17 Years As Cloud Hits Air Pocket – Zerohedge
ECB Credibility Crumbles As “Significant Minority” Of Governors Say Growth Projections “Overly Optimistic” – Zerohedge
Bank of America Slashes Expenses As Trading Revenues Slump – Zerohedge
Lufthansa reports loss as fuel costs rise and overcapacity weighs – Reuters



Monday 04/15

Markets in risk-on mood amid hopes of US-China trade deal – business live – guardian
Stocks Blog: Shanghai erasing big daily run-up – scmp

Goldman Trading Revenues Disappoint In Quarter Salvaged By Surge In M&A Deals – zerohedge
Fed’s Charles Evans tells CNBC rates can stay unchanged into fall of 2020 – cnbc

Worried a recession is coming, U.S. online lenders reduce risk – Reuters
Key Events This Week: China GDP, Global PMIs, US Retail Sales And Lots Of Earnings – zerohedge
U.S. waters down demand China ax subsidies in push for trade deal – sources – Reuters
Asian shares buoyed by optimism on U.S.-China trade talks – Reuters