TOP MARKETS NEWS: Week 04/20 – 04/26

Weekend 04/25 & 04/26

Maryland Joins Push To End Lockdowns As China Claims Coronavirus Has Been Eradicated From Wuhan: Live Updates – Zerohedge

Why oil prices went negative and why they can go negative again – cnbc
Unprecedented Pace Of Corporate Debt Issuance Has Crippled Corporate Fundamentals – Zerohedge
Over 40% Of San Diego Residents Turned To Food Banks Last Month – Zerohedge
The 20 minutes that broke the American oil market – oltnews
U.S. oil ETF cuts July contract exposure post CME order to limit holding – Reuters
U.S. oil ETF increases exposure to September contracts as market volatility persists – Reuters
US Banks Are Pulling Back From Lending To European Companies: FT – Zerohedge
Here Are The Key Dates As The World Reopens From The Coronavirus Coma – Zerohedge
The coronavirus has caused a wave of early retirement – yahoofinance

 

 

Friday 04/24

Business Live – guardian

Lufthansa seeking 290 million euro loan for Belgian airline: media – Reuters
French government announces ‘historic’ €7 billion aid package for Air France-KLM – france24

Goldman Sees Global Oil Storage Full In 3-4 Weeks; Expects Another Oil Price Crash – Zerohedge
Emerging market stocks see massive outflow amid oil rout -EPFR – Reuters
More than 50,000 people in the U.S. have died from COVID-19 – latimes
UMich Consumer Sentiment Crashes By Most Ever, Home-Buying Conditions Worst In 37 Years – Zerohedge
US Durable Goods Orders Collapse In Early March Data – Zerohedge

Card issuers are cutting credit limits without warning – cnbc
Fitch Warns Of Record Loan Defaults In April As Economy Implodes – Zerohedge
The post-corona world – robeco
COVID-Chaos Triggers Record Losses For Swiss National Bank – Zerohedge
Near implosion of oil fund is the latest market wackiness leaving traders scratching their heads – cnbc
The growing worry for bondholders: Getting ‘primed’ – Reuters
The light at the end of the tunnel – robeco

Germans aren’t shopping despite stores being open — experts explain why – cnbc

German unemployment to rise beyond 3 million in 2020: IAB – Reuters

Rapid V-shaped recovery from coronavirus unlikely for German economy – Ifo – Reuters

‘Full fury’ of coronavirus sends German business morale to record low – Reuters

Land Bank debt default draws attention to South African state firms’ finances – Reuters
Norway economy takes huge hit from coronavirus outbreak – Reuters
Merkel’s Stimulus Vow Sets Up EU Battle for Recovery Funds – Bloomberg
Coronavirus: Dettol maker says disinfectant should not be ingested ‘under any circumstances’ – sky
UK retailers suffer record sales hit on COVID-19, worse ahead – Reuters
SE Asia Stocks-Most slide on lockdown extension in parts of region, weak global data – Reuters

 

 

Thursday 04/23

Business Live – guardian

U.S. House passes $500 billion coronavirus bill in latest relief package – Reuters
European Summit Flops: No Agreement Reached, Four “Frugal” EU Countries Oppose Grants – Zerohedge
Fed Watch: Forecasting balance sheet bananas and yield curve control – nordea
US airlines report their first losses in years as coronavirus devastates air travel demand – cnbc
First BNP, Now SocGen: French Banks Suffer Huge Losses As Derivative Trade Blows Up – Zerohedge
“Astronomical” U.S. debt from coronavirus measures will reshape the Treasury market – axios
The flood is coming’: Coronavirus could spur unprecedented wave of business bankruptcies – yahoofinance
Oil’s Sub-Zero Wipeout Costs Bank of China Customers $85 Million – Bloomberg
U.S. service sector PMI slumps to record low in April – Marketwatch
Market Mayhem Meets Liquidity Mismatch: At Least 76 European Mutual Funds Were “Gated” In March – Zerohedge
An unemployment rate of 23%? The real jobless picture is coming together – Marketwatch
Economist: Coronavirus recession ‘turning into the Great Depression II’ amid jobless spike – yahoofinance
The US economy has now erased all job gains since the Great Recession – cnbc
Jobless claims jump another 4.4 million — 26 million Americans have lost their jobs to the coronavirus – Marketwatch
US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million – cnbc
U.S. Jobless Claims at 4.43 Million in Labor Rout’s Fifth Week – Bloomberg
Global Container Shipments Set to Fall 30% in Next Few Months – Bloomberg
BOJ To Launch Unlimited QE, Double Corporate Bond Purchases – Zerohedge
Hedge funds suffer worst quarterly outflows since financial crisis – ft

The Energy Revolution That Started in 1954 Is Reaching Its Crescendo – Bloomberg
“Unprecedented Damage To The Euro Zone” – European PMIs Hammered By Record Collapse – Zerohedge
Coronavirus brings UK economy to its knees in April: PMI – Reuters
Euro zone business activity ground to a halt in April: PMI – Reuters
Unprecedented collapse of Eurozone economy amid virus lockdown – markit
China’s unemployment rate may hit 10% – eiu
Emerging Markets May Lead the Coronavirus Rebound – Bloomberg
GM And Ford Are One Step Closer To Losing Billions On Used Car Price Plunge – Zerohedge
Japan Takes Dimmest View on Economy Since Financial Crisis – Bloomberg

Oil surges as producers trim output to respond to demand loss – Reuters

COVID-19 lockdown leads to record contraction in German economy – markit
FRANCE: Activity decline deepens amid ongoing coronavirus shutdowns – markit
Credit Suisse sets aside $584 mln for loan losses – Marketwatch
Why is an oil price plunge not being celebrated by China, the world’s biggest crude buyer? – scmp
Japanese economy sinks deeper in April as virus measures hit – markit

 

 

 

Wednesday 04/22

Business Live – guardian

Lagarde draws line on how far ECB largesse can go – Reuters
Used-Car Prices Cratered. Here’s What That Means for the Auto Universe – Marketwatch
Oil ‘in deep trouble’ as prices hit lowest this century amid plunging demand of coronavirus crisis – fp
11% of global CEOs fear their business won’t survive coronavirus: YPO survey – cnbc
Bank of China sold oil’s May contract into a historic implosion in crude — and retail investors may have gotten crushed – Marketwatch

Jobless claims: Another 4.5 million Americans expected to have filed for unemployment benefits – yahoofinance

Eurozone lockdown live: The risk of an asymmetric recovery – ing
How negative oil prices could set the stage for the next price boom – cnn
About 150-years of oil-price history in one chart illustrates crude’s spectacular plunge below $0 a barrel – Marketwatch
Oklahoma will let struggling oil producers halt output without breaking contracts – Reuters
‘Biblical’ famines could double global hunger as a result of the coronavirus crisis, UN warns – cnbc
UniCredit taking €900 million loan-loss provision as it forecasts eurozone GDP to drop 13% – Marketwatch
Brent oil’s 12% skid on Wednesday puts it on pace for lowest levels since around 1999 – Marketwatch
Oil Tankers Are Surrounding California With Nowhere to Unload – Bloomberg

 

Tuesday 04/21

Business Live – guardian

U.S. economy likely set for U-shaped recovery after deep rut: Reuters poll – Reuters
A negative oil price – a market quirk, or the ‘new normal’? – robeco
$500 billion coronavirus aid package passes U.S. Senate, headed to House – Reuters

Netflix has biggest quarter with nearly 16 million new subscribers signing on – Marketwatch

Interactive Brokers Issues Statement on Crude Oil Contracts and Margin Loss – businesswire
Dow falls 600 points after another oil plunge, bringing its 2-day drop to over 1,200 points – cnbc
Just a fraction of Florida unemployment claims paid: report – thehill

What’s Next For Oil As Prices Go Negative? – Zerohedge

Who may have gotten crushed — or won big — by the historic plunge below $0 a barrel for oil? – Marketwatch

The Third Largest Oil ETN Is Liquidating – Zerohedge

US Oil Fund, a popular oil ETF known for ticker ‘USO,’ plunges 20% after brief halt – cnbc
Here Are The ‘Publicly Traded’ Companies That Quietly Got A ‘Small Business’ Bailout – Zerohedge
Korean Exotic Notes Get Wiped Out With Oil’s Plunge Below Zero – Bloomberg
Who Was Panic Selling Oil Today? Goldman Answers – Zerohedge
Danish parents are refusing to send their children back to school as COVID-19 lockdown lifts – weforum
Saudi Arabia is the winner from oil’s historic price plunge, analysts say – cnbc
Fitch downgrades 10 European banks and warns coronavirus impact could lead to more – cnbc
Oil price crash, what next? – Reuters
World’s Biggest Oil Storage Firm Says Almost All Space Sold – Bloomberg
Virgin Australia falls to virus crisis, appoints administrator to find investor – cnbc

UK employment growth slowed in March as COVID began to hit: ONS – Reuters
Australia to suffer a ‘once in a century’ economic contraction: central bank governor – Reuters
S.Korea’s April 1-20 exports collapse as pandemic paralyses production, demand – Reuters

 

 

Monday 04/20

Business Live – guardian
U.S. Oil Prices Plunge Into Negative Territory: Live Markets Updates – nyt

Here Is The Full Explanation Behind Today’s Unprecedented Negative Oil Price – Zerohedge
Why the May CL oil contract traded (and is trading) at a negative price – forexlive

As crude oil drops to historic lows, chart analyst sees 90-year record for energy stocks – cnbc

Dow drops more than 500 points to start the week after historic oil plunge – cnbc

Yes, oil prices are negative. No, you won’t get paid to fill up your tank – axios
Spot U.S. oil futures crash below zero with nowhere to store crude – Reuters
Here’s The Next Problem: Where Do 100 Million Oil Barrels Get Delivered… And What Happens Next Month? – Zerohedge

U.S. taxpayers set to be major investors in the struggling airline industry – Marketwatch

Major asset managers reject Argentina debt restructuring proposal – Reuters
Nearly all physical oil in the United States is trading negative – forexlive
Oil price crashes into negative territory for the first time in history amid pandemic – Reuters
WTI Plunges to Historic Lows – energyintel
Oil prices plunge into negative territory in historic collapse – axios
An oil futures contract expiring Tuesday turned negative as demand for crude collapses – cnbc

These U.S. oil companies are most at risk in the danger zone – Marketwatch

U.S. restaurants on track to lose $240 billion by end of 2020: survey – Reuters

U.S. crude oil storage is filling rapidly – Reuters
S&P 500 cash spending will “plunge by a record 33%” in 2020 firms scramble to shore up balance sheets, says Goldman Sachs – Marketwatc
Chicago Fed economic index takes recessionary plunge in March – Reuters
Fed’s National Activity Index Crashes Into Deep Recession Territory – Zerohedge
Historic Oil Crash Sends Canadian Oil Prices Negative – Zerohedge

Spanish economy could shrink up to 12.4% in 2020: Bank of Spain – Reuters
The Coming Default Crisis With Online Loans – forbes
Philips says Q1 profit dropped 76% – Marketwatch
Key Events In This Extremely Chaotic, Action-Packed Week – Zerohedge
Japan to boost stimulus to $1.1 trillion as virus threatens deeper recession – Reuters
GLOBAL MARKETS-Asia shares turn cautious, U.S. crude crushed – Reuters
Asian markets mixed as China cuts benchmark lending rates – Marketwatch
China Lowers Benchmark Rate for Second Time This Year, May Cut Again This Quarter – yicaiglobal
Japan’s exports fell more than expected in March – Marketwatch