TOP MARKETS NEWS: Week 05/08 – 05/14

May 8, 2023
  

Weekend 05/13 & 05/14

Top 5 things to watch in markets in the week ahead – investing

Your Saturday US Briefing: Bracing for Migrants; Fear of Default – bbg
Recession Odds Rise To Highest In 40 Years: Fed – Zerohedge
Recession? Corporate America’s Earnings Say It’s Already Arrived – bbg
What Is Pepecoin And Can It Flip Memecoins Like Dogecoin & Shiba Inu? – Zerohedge
Stock Traders Are Nonchalant About US Being on Cusp of Default – bbg
Popular China Stock Trade Runs Into Geopolitical, Growth Risks – cnbc
The S&P Is Up 8% In 2023; Without AI It Would Be Down 2%, Below 3,800 – Zerohedge

 


Friday 05/12

Business Live – guardian

Italy Survives Fitch Judgment in Boost for Meloni Before Moody’s – bbg
US Bank Deposit Outflows Continue, Small Bank Loans Collapse – Reuters
U.S. Bank Deposits Rise in Early May, Lending Little Changed at Record High – Reuters
US Bank Lending Retreated During Week of First Republic Failure – bbg
Stocks and Treasuries grind lower on stagflationary Michigan survey – Newsquawk US Market Wrap
Dollar Soars As Debt-Ceiling Doubts Monkeyhammer Markets – Zerohedge
S&P 500 closes lower, notches a second week of losses, following disappointing consumer sentiment data – cnbc
Crypto market slumps as inflation fears rise and debt ceiling looms – kitco
Bitcoin briefly falls below $26,000, posts worst week since November – cnbc
Debt Ceiling Worries Deepen as Early June U.S. Default Reinforced – Reuters
Stocks making the biggest moves midday: First Solar, News Corp, Charles Schwab, Twilio and more – cnbc
Global Equity Funds See 4th Week of Outflows on Slowdown Worries – Reuters
Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million – bbg
UMich Inflation Expectations Haven’t Been Higher Since 2008; Headline Sentiment Slumped In May – Zerohedge
US Consumer Sentiment Drops to Six-Month Low in May – Reuters

Marketmind: Debt Cap Tick-Tock Leaves Eerie Calm – Reuters

Futures Rise As Luxury Blowout Lifts European Markets; Dollar, Yields Higher – Zerohedge
US Import & Export Prices Signal Massive Deflationary Impulse – Zerohedge
Take Five: A Summit With a Ceiling – Reuters
EUR/USD pares weekly loss above 1.0900 amid US debt ceiling woes ahead of inflation cues – fxstreet
Allianz Posts Big Jump in Profit After Year-Earlier Charge – Reuters
US-China Talks Gives Hope to Investors After Tumultuous Period – bbg
European stocks set for higher open with economic data, earnings in focus – bbg

Asia markets trade mixed as U.S. inflation shows more signs of easing – cnbc
Tencent-Backed Sea’s 112% Rally Has Reasons to Run – bbg
JD Health, Li Auto Likely to Join Hong Kong’s Hang Seng Index – bbg
China Housing Rebound Fizzling Shows Risks to Economic Recovery – bbg

Asia Shares Set for Mixed Open After Bonds Rally: Markets Wrap – bbg

Marketmind: Markets Get Twitchy as Debt Ceiling, Growth Fears Weigh – Reuters

 

Thursday 05/11

Business Live – guardian

Bitcoin falls below $27,000 as U.S. regulatory crackdown pressures crypto’s biggest market makers – cnbc
Fed Emergency Bank Loans Soared As Money Market Inflows Continue To Surge – Zerohedge
Risk-sentiment sours on more bank woes but GOOGL offers respite for Nasdaq – Newsquawk US Market Wrap
Wall Street Mostly Lower With Disney; Alphabet Lifts Nasdaq – Reuters
Mouse-House Mullered, Banks Battered, But Mega-Cap Tech Turbocharged – Zerohedge
Dow closes more than 200 points lower for fourth straight day of losses, dragged down by Disney – CNBC
Rand Plummets To Record Low After US Accuses South Africa Of Supplying Weapons To Russia – Zerohedge
Stocks making the biggest moves midday: Peloton, Beyond Meat, Alphabet, PacWest & more – cnbc
What Happens If the US Treasury Runs Out of Cash? Here Are Yellen’s Options – bbg
Alphabet trading at highest since August as Wall Street cheers Google’s A.I. plans – cnbc
The deflating credit bubble could hurt more than just the banks – ft
Citi Sees Companies Racing to Raise Cash as Debt Ceiling Nears – bbg
Elliott Builds 10% Interest in Goodyear, Pushes for Review – bbg
Fed’s Kashkari Says Tight Monetary Policy May Be Needed for ‘Extended’ Time – Reuters
Deposit Outflows After SVB Collapse Concentrated Among ‘Super-Regionals’ – New York Fed Study – Reuters
Oil Falls 2% on Weak US and Chinese Economic Data – Reuters
Big Banks Face Billions in Extra FDIC Fees to Cover SVB Failure – bbg
Big U.S. Lenders to Pay Billions to Replenish Bank Failure Fund – Reuters

Marketmind: Disinflation Cheer, Debt Cap Fear – Reuters

US PREMARKET
US Inflation Renaissance Delayed While China Recovery Stutters – Zerohedge
Peloton Recalls 2.2 Million Exercise Bikes Over Seat Issue – Reuters
US Weekly Jobless Claims Hit 1-1/2-Year High; Inflation Subsiding – Reuters
US Jobless Claims Rise to Highest Since October 2021 in Sign Labor Market Is Cooling – bbg
Job Market Cracks: Initial Claims Unexpectedly Soar To The Highest Since October 2021 – Zerohedge
Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease – cnbc
US Producer Prices Increase Moderately in April – Reuters
US Producer Price Inflation Tumbles To Lowest Since Jan 2021 – Zerohedge
US Producer Prices Increase at Slowest Pace Since Early 2021 – bbg
Dimon Says Regulators Are Likely to Overreact to Banking Turmoil – bbg
Futures Slide As Bank Selloff Returns With Pacwest Tumble – Zerohedge
PacWest Reports Decline in Deposits While Western Alliance’s Grow – bbg
PacWest Shares Plunge After It Reports Drop in Deposits – Reuters
PacWest Shares Crash After Reporting Deposit-Flight Accelerated Last Week – Zerohedge
Bank of England Raises Rates and Bailey Promises to ‘Stay the Course’ – Reuters
BOE Hikes By 25bps, Forecasts Higher Inflation And Warns Of More Tightening – Zerohedge
Bank of England hikes rates by 25 basis points, no longer sees recession – cnbc
Euro Zone Consumers Raise Inflation Expectations – ECB Survey – Reuters
ECB Says Consumers’ Inflation Expectations Rose Significantly – bbg
European Commercial Real Estate Values May Fall Up To 40%: Citi – Zerohedge
EUR/USD: Five factors that could trigger a correction lower – SocGen – fxstreet
Telefonica First-Quarter Profit Falls as Cost Pressures Bite – Reuters
Bayer Sees Profit at Lower End of Forecast on Herbicide’s Price – bbg
Deutsche Telekom Slightly Raises 2023 Profit Outlook – Reuters
ING’s beats Q1 profit forecasts, launches share buyback – Reuters
ING to Buy Back €1.5 Billion of Shares as Rates Fuel Profit Beat – bbg
European stocks set for higher open as markets digest latest U.S. inflation data – cnbc

Asia markets mixed as investors digest U.S. consumer prices; China’s inflation eases – cnbc
China’s Credit, New Loans Plunge as Worries Over Recovery Mount – bbg
China’s Slow Consumer Inflation, Deepening Factory Gate Deflation to Test Policy – Reuters
Consumer prices in China rose 0.1% in April, the slowest rate in two years – cnbc
China Consumer Inflation Weakens to 2-Year Low While PPI Falls – bbg
China Asks State Banks to Cut Deposit Rate Ceilings From May 15 – bbg

Dollar Dips on CPI; Asia Stocks Outlook Mixed: Markets Wrap – bbg
Marketmind: US Debt Drama Crashes Japan’s G7 Party – Reuters

 

 

Wednesday 05/10

Business Live – guardian
Here Are the Key Takeaways From US CPI Report for April – bbg
Here’s everything Google just announced: A $1,799 folding phone, A.I. in Search and more – cnbc

Beyond Meat Reports Smaller Quarterly Loss on Cost Cuts, Higher Demand – Reuters
Beyond Meat Rises as International Sales Outpace Expectations – bbg
Robinhood Revenue Surges as Higher Rates Bolster Interest Income – Reuters
Disney Tumbles Below $100 After Paying Subs Slide Following Sharp Price Increase – Zerohedge
Disney streaming loss narrows; shares dip on subscriber miss – bbg
Hulu content will be added to Disney+ to create a ‘one app experience,’ Iger says – cnbc
Treasuries rip on CPI and choppy risk appetite – Newsquawk US Market Wrap
Nasdaq Rallies as Investors Cheer Inflation Data, Alphabet – Reuters
CPI Slip Sparks Market Chaos: Banks & Bond Yields Battered As Rate-Hike Odds Collapse – Zerohedge
Nasdaq closes 1% higher Wednesday after inflation data is cooler than anticipated – cnbc
Google’s AI Is Coming to More Companies Near You – Reuters
Stocks making the biggest moves midday: Roblox, Icahn Enterprises, Rivian, Airbnb and more – cnbc
Airbnb’s Gloomy Forecast Weighs on Hotel, Airline Stocks – Reuters
US Credit Crunch Didn’t Start With SVB Collapse, and May Not End There – Reuters

Analysis: Inflation May Not Be Cooling Fast Enough to Justify Stock Valuations – Reuters
Stocks making the biggest moves before the bell: Rivian, Airbnb, Twilio, Dutch Bros and more – cnbc
Google will label fake images created with its A.I. – cnbc
Google to Revamp Search With Generative AI Tools, But Gradually – bbg
Google I/O Keynote 2023: Products, AI Tools to Expect During Stream – bbg
Futures Slide Ahead Of Closely-Watched CPI Report – Zerohedge
Fed Gets Room to Hold in June as Inflation Shows Sign of Cooling – bbg
Headline CPI Dips To 2-Year Low; Shelter Costs Roll Over – Zerohedge
US April CPI Rise Gives Fed Little Room for Pivot Soon – Instant View – Reuters
US inflation continues to run too hot, but there are glimmers of hope – ing
US Inflation Slowdown in Sight as Key Drivers Show Cooling – bbg
Inflation rate eases to 4.9% in April, less than expectations – cnbc
Roblox Tops Quarterly Bookings Estimates on Higher Gaming Demand – Reuters
Roblox Earnings Miss Estimates on a Drop in Player Spending – bbg
Roblox stock up after company reports strong booking, user engagement growth – cnbc
Dr Oil’s pessimistic mood – ft
Another month of contracting industrial production in Italy – ing
ABN Amro Profit Beats Estimates as Lending Income Increases – bbg
Italy Industry Output Falls Unexpectedly in March – Reuters
Stocks Will Rally If Inflation Data Is Soft, Goldman and JPMorgan Say – bbg
Goldman’s Hammack Sees ‘Real Risk’ to Dollar From Debt-Cap Brawl – bbg
Key German Utility Warns Energy Crisis ‘Not Over Yet’ – bbg
European markets head for positive open as investors await U.S. inflation data – cnbc

Asia markets fall as investors await key U.S. inflation numbers – cnbc
China Junk Dollar Bonds Hit Five-Month Low as Worries Spread – bbg
Toyota Profit Outlook in Line With Estimates, to Buy Back Shares – bbg

Asian Stocks Set for Cautious Open Before CPI Data: Markets Wrap – bbg


Tuesday 05/09

Business Live – guardian

Stocks making the biggest moves after hours: Airbnb, Twilio, Rivian, Occidental Petroleum and more – cnbc
Occidental Petroleum Misses Quarterly Profit Estimates – Reuters
Electronic Arts’ Quarterly Bookings Beat Estimates – Reuters
Rivian reports a narrower-than-expected quarterly loss, reaffirms EV production target – cnbc
Airbnb Tumbles as Muted Outlook Signals Cracks in Travel Demand – bbg
Airbnb drops 10% after earnings report offers cautious outlook for Q2 – cnbc
Stocks lower ahead of CPI while debt limit talks remain in limbo – Newsquawk US Market Wrap
Bullion & Black Gold Bid; Regional Banks Skid Ahead Of CPI – Zerohedge
Stocks close lower as investors eye inflation data, White House meeting on debt ceiling – cnbc
PayPal Tumbles 12%, Eyes Lowest Close Since 2017 – Reuters
US Banks’ Deposit Challenges to Pressure Profitability, Credit and Capital – fitch
Druckenmiller Says US on Brink of a Recession, Sees Hard Landing – bbg
CRE Crisis Crosses Atlantic: Sweden’s Largest Commercial Landlord SBB Implodes After Getting Junked, Halting Dividend – Zerohedge
Factbox-U.S. Corporate Bankruptcies at Highest Level Since 2010 – Reuters
Banks’ Tighter Lending Signals Fewer Loans, Wider Credit Spreads – Zerohedge
Buyback Bonanza Powers $2.2 Billion Into US Stocks, BofA Says – bbg
Stocks making the biggest moves midday: Palantir, Novavax, Under Armour and more – cnbc
Goldman Sachs Warns of Stock Volatility as Quant Traders Pile In – bbg

US PREMARKET
Stocks making the biggest moves premarket: Palantir, Skyworks, Under Armour and more – cnbc
Futures Slide As Small Bank Selling Returns – Zerohedge
Nikola to Pause Production, Cut Costs After Quarterly Loss – Reuters
Under Armour Expects Dull Annual Sales, Profit as Demand Slows – Reuters
Under Armour Delivers Full-Year Earnings Warning as Woes Linger – bbg
Novavax to Cut a Quarter of Global Workforce as Pandemic Eases – bbg
Novavax shares rise after company unveils positive vaccine data, plan to cut 25% of workforce – cnbc
US Small Business Sentiment Slumps to More Than 10-Year Low – Reuters
JPMorgan Strategists Call End of Euro-Area Stocks’ Outperformance – bbg
ECB Rate Increases May Not Be Finished in July, Kazaks Warns – bbg
Daimler Truck Sees Higher Returns as Supply Chains, Demand Improve – Reuters
Schwab Began Hedging Interest-Rate Risk With About $3.9 Billion in Derivatives – bbg
European markets head for higher open as investors look ahead to U.S. inflation reports – cnbc

Marketmind: Showdown on the Ceiling – Reuters

Asia markets trade mixed as China’s trade surplus beats expectations – cnbc
Bank of China’s 22% Stock Surge Prompts Question on Unusual Trading – bbg
China’s Shrinking Imports, Slower Exports Growth Darken Economic Outlook – Reuters
China’s Exports Rose in April in Boost to Economic Recovery – bbg
China’s exports rose 8.5%, continuing its growth streak at a slower pace – cnbc
BOJ Will End Yield Curve Control Once Stable Inflation Target in Sight, Ueda Says – bbg
Japan’s Spending Downturn, Wages Decline Heighten Pressure on Economy – Reuters
Japan Real Wages Drop for 12th Straight Month, as BOJ, Kishida Scrutinize Pay – bbg

Asia Stocks Poised for Mixed Open; Dollar Steady: Markets Wrap – bbg

Monday 05/08

Stocks making the biggest moves after hours: Lucid, Palantir, PayPal and more – cnbc
Western Digital Corp Sees Weak Fourth Quarter on Slower Recovery for Memory Chips – Reuters
PayPal Raises Full-Year Profit Above Estimates on E-Commerce Strength, Cost Cuts – Reuters
PayPal Raises Full-Year Profit Forecast as Payment Volumes Soar – bbg
EV Maker Lucid’s Quarterly Revenue Misses Estimates on Weak Demand – Reuters
Palantir Jumps on Forecast to Turn Profit Every Quarter in 2023 – Reuters
Palantir Gains After Posting Rosy Forecast, Touting Demand for AI Tools – cnbc
Palantir soars 28% on earnings beat and prediction of full-year profitability – cnbc
Stocks and Dollar chop while yields climb on expectedly ominous Fed survey – Newsquawk US Market Wrap
Wall Street Subdued on Bleak Earnings Ahead of Inflation Data – Reuters
Credit Squeeze “Vibes” Leave Bonds & Banks Lower; Bitcoin Battered By Binance Blockages – Zerohedge
S&P 500 ends Monday little changed as investors look ahead to key inflation reports – cnbc
Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows – cnbc
Banks Tighten Credit Terms, See Loan Demand Drop, Fed Survey Shows – Reuters
Fed Says Banks Kept Tightening Loan Standards in First Quarter – bbg
SLOOS Finds Even Tighter Credit Standards, A Collapse In C&I Loan Demand, And A Dire Outlook For Rest Of 2023 – Zerohedge
Stocks making the biggest moves midday: Berkshire Hathaway, Catalent, Tyson Foods, Zscaler and more – cnbc
Worst Isn’t Over for US Stock Market, JPMorgan’s Kolanovic Warns – bbg
Here’s what Google will show at I/O this week – cnbc
Goldman Sachs Joins Barclays in Bet Against Fed Rate Cuts This Year – bbg
US Wholesale Inventories Unchanged for Second Straight Month; Sales Drop – Reuters
Fed’s Lending survey may give the central bank room to pause – forexlive
NY Fed Finds Inflation Expectations Mixed, As Spending Growth Outlook Tumbles To Two Year Low – Zerohedge
US Consumers’ Inflation Expectations Mixed in April, NY Fed Report Shows – Reuters
New York Fed survey sees one year expected inflation down to 4.4% from 4.7% last month – forexlive

Marketmind: Debt Ceiling Countdown – Reuters

US PREMARKET
Stocks making the biggest premarket moves: PacWest, Berkshire Hathaway, American Airlines, AMC and more – cnbc
Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff – bbg
Futures Rise As Regional Banks Squeezed Higher – Zerohedge
Morgan Stanley’s Wilson Says Economy Signaling Weaker Earnings – bbg
German Industrial Output Slumps, Recession Fears Rise – Reuters
Germany’s Industrial Plunge Makes Winter Recession a Possibility – bbg
Bank Stocks Nearing a Crisis-Era Threshold Raises Warning Sign – bbg
Preferreds Get Burned in Historic Rout Spreading From Banks – bbg

Asia markets largely rise after Wall Street rebounds on Friday – cnbc
Asia Shares Mostly Higher, Focus on US Bank Data – Reuters
Bank Troubles to Test Japan Stocks as Traders Return From Break – bbg
Japanese Firms to Face Reality Check as Yen Set to Strengthen After Fed Signals Pause – bbg
Bank of Japan Debated Risk of Inflation Overshoot in March – Reuters

Asian Shares to Rise After US Financials Rebound: Markets Wrap – bbg

Marketmind: Markets Await US Banks’ Take on Credit Squeeze – Reuters
Marketmind: Following Friday’s Feel-Good Factor – Reuters

Week Ahead: U.S. CPI; U.S. and Canada Senior Loan Officer Opinion Surveys; Debt Ceiling Discussions;
BOE Meeting; China CPI & PPI – cb
Key Events This week: CPI, PPI And The All-Important SLOOS – Zerohedge

 

 

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