TOP MARKETS NEWS: Week 05/15 – 05/21

May 15, 2023
  

Weekend 05/20 & 05/21

US Inflation Set to Stay Firm in Challenge for the Fed – bbg

Yellen Says June 1 Is ‘Hard Deadline’ for Raising Debt Ceiling – Reuters
Debt Ceiling Negotiations Crumble, McCarthy And Biden To Hold Sunday Call As Impasse Intensifies – Zerohedge
McCarthy Says Debt-Limit Talks With Biden Will Resume Monday – bbg
Traders Brace for Volatility With US Debt Deal Still Elusive – bbg
US Exposure Is Next Headache for Europe Inc. as Dollar Slides – bbg

US Debt-Limit Negotiators Hold Off on Renewed Meetings Saturday – bbg
US Debt-Limit Negotiators Hold Off on Renewed Meetings Saturday – bbg
It’s Time to Rethink Love for Cash With Fed Most Likely ‘Done’ – bbg
Goldman Finds “Most Accurate” Reading Of Current CRE Conditions, Predicts 25% Drop In Office Building Prices – Zerohedge
Charting the Global Economy: China’s Recovery Is Losing Momentum – bbg
A $518 Billion Rally Shows Japan Stocks Are All the Rage in 2023 – bbg
Treasury’s Cash Pile Dwindles to Lowest Since 2021 as Debt-Ceiling Talks Stall – bbg

 


Friday 05/19

Business Live – guardian

Italy Avoids Moody’s Junk Downgrade for Now in Boost for Meloni – bbg
US Bank Deposits and Credit Slip in Latest Week, Fed Data Shows – Reuters
US Bank Deposits Fall for a Third Week While Lending Stays Little Changed – bbg
US Deposit Outflows Accelerated Last Week, Led By Small Banks – Zerohedge
Stocks and bonds sold after fresh debt and banking woes while Powell is more balanced than peers – Newsquawk US Market Wrap
Bumper Week For Banks & Big-Tech But Bonds Suffer Biggest Bloodbath In A Year – Zerohedge
Stocks end Friday lower as GOP negotiators halt debt ceiling talks, S&P 500 notches best week since March – cnbc
Stock Market Keeps Rallying, Defying Doom Scenarios – bbg
Europe Approves World’s First Cryptocurrency Regulationsv – Zerohedge
The stunning tech rally that boosted Meta and Nvidia by over 100% will fizzle out soon, top RBC strategist says – businessinsider
How Japan got its swagger back – ft
Stocks making the biggest moves midday: Foot Locker, Catalent, Occidental Petroleum & more – cnbc
Republican Debt-Ceiling Negotiators Walk Out of Meeting, Say White House ‘Unreasonable’ – bbg
Powell Says Tighter Credit Could Mean a Lower Peak in Rates – bbg

Stocks making the biggest moves premarket: Farfetch, Deere, Applied Materials and more – cnbc
Futures Rise After Breaking Out To New 2023 Highs Ahead Of Powell Speech – Zerohedge
Germany’s DAX Eyes All-Time High as European Stocks Stage Rally – bbg
Even a ‘Mild’ US Recession Comes With Steep Price in Lost Jobs – bbg
BofA Strategist Says Sell US Stocks as AI Seen Forming a Bubble – bbg
European markets poised to open higher as U.S. debt ceiling talks continue – cnbc

Japan stocks surge to highest since 1990 as G-7 meeting is underway – cnbc
Japan Stocks Extend Rally as Nikkei 225 Hovers at 1990 High – bbg
Hedge Fund Capstone Bets on Volatility From BOJ’s Outlier Policy – bbg
Yuan Losses Accelerate, Testing Central Bank’s Tolerance Levels – bbg

Asian Stocks Set for Mixed Open After US Rally: Markets Wrap – bbg

 

Thursday 05/18

Business Live – guardian
Here’s How the Debt-Limit Deal Is Looking as Talks Go Down to the Wire – bbg

Fed Emergency Bank Bailout Facility Hits Record High; Money Market Inflows Suggest Deposit Run Not Over Yet – Zerohedge
Dollar and yields soar on strong data and more hawkish Fed Speak ahead of Powell – Newsquawk US Market Wrap
Hawkish FedSpeak Batters Bonds & Bullion; Tech Melt-Up Accelerates – Zerohedge
S&P 500 jumps nearly 1% Thursday for highest close since August as traders hope for debt ceiling resolution – cnbc
Stocks making the biggest moves midday: Walmart, Netflix, Alibaba, Nvidia & more – cnbc
Netflix stock jumps 10% as it boasts ad-tier growth – cnbc
Disney Abandons Billion-Dollar Florida Development Plan, Shutters ‘Galactic Starcruiser’ Hotel Amid DeSantis Suit – Zerohedge
Micron Is Said to Get $1.5 Billion From Japan for Next-Gen Chips – bbg
US Manufacturers Can’t Shake That Inflation Feeling Even as Supply Snarls Ease – Reuters
US Leading Economic Indicators Tumble For 13th Straight Month, “Weaknesses Were Widespread” – Zerohedge
McCarthy Predicts US Debt-Limit Deal on House Floor Next Week – bbg
AI Data-Center Boom Will Spur Energy Crisis, Chip CEO Warns – bbg
Zero-Day Options Are Reordering the Way the Stock Market Behaves – bbg
US Existing Home Sales Decline Re-Accelerates As Rates Rebound – Zerohedge
US Existing-Home Sales Fall to Three-Month Low, While Prices Retreat – bbg

US PREMARKET
Initial Jobless Claims Dipped Last Week After MA Fraud Fix – Zerohedge
US Weekly Jobless Claims Fall; Labor Market Defying Recession Fears – Reuters
US Jobless Claims Tumbled Last Week After Fraud-Inflated Jump – bbg
Alibaba Misses Revenue Estimate, Approves Cloud Unit Spinoff – Reuters
Alibaba plans to list cloud division as quarterly revenue misses expectations – cnbc
Alibaba Plans Unit IPOs After Sales Disappoint in Shaky Economy – bbg
Walmart Beats Across The Board, Boosts Guidance But Warns of Spending Softness As Quarter Progressed – Zerohedge
Walmart Lifts Profit Outlook But Stays Cautious on US Consumers – bbg
US Futures, Global Markets Rise On Continued Debt Ceiling Optimism – Zerohedge
Nasdaq 100’s Big Recovery Faces a Key Tipping Point – bbg
Global debt nears record highs as rate hikes trigger ‘crisis of adaptation,’ top trade body says – cnbc
Why Is the US Dollar So Strong Again? – Reuters
BT Chief Says AI Linked to 10,000 of Total Planned Job Cuts – bbg
Burberry Sales Rise as Shoppers in China Splurge Again – bbg
European markets head for higher open as U.S. debt ceiling talks make progress – cnbc

Marketmind: US Debt Ceiling Drama Aside, World Economy Looks Shaky – Reuters
Marketmind: Get Ready for the Debt Ceiling Rally – Reuters

Asia markets rise as Wall Street lifted by hopes of debt ceiling deal – cnbc
Asian Stocks Rally on Wall Street’s Lead Amid Debt Ceiling Optimism – Reuters
Nomura Slashes Profit Targets Across Board, Plans Major Review – bbg
Australian Unemployment Rises, Easing Rate-Hike Pressure – bbg
Analysis-‘Big Money Never Buys Cheap’: Why Investors Are Waiting on Japan – Reuters
Japan Emerges From Recession on Post-COVID Consumer Rebound – Reuters
Japan’s Sticky Prices Seen Pushing BOJ to Mull Higher Forecasts – bbg
Japan’s Imports Fall for the First Time in Over Two Years – bbg

Asia Stocks to Rise as US Gains on Debt Deal Hope: Markets Wrap – bbg

 


Wednesday 05/17

Business Live – guardian
Biden, McCarthy Push Forward Towards Deal on US Debt Ceiling – Reuters

Stocks making the biggest moves after hours: Take-Two Interactive, Cisco Systems and more – cnbc
Cisco Gives Strong Sales Forecast In Sign Companies Are Still Spending on IT – bbg
Stocks surge on debt ceiling optimism, regional bank recovery, and retail earnings – Newsquawk US Market Wrap
Wall St Rallies on Debt Ceiling Hopes, Regional Bank Rebound – Reuters
Banks Bounce Again As Massive Short Squeeze Lifts Stocks; Bonds Battered – Zerohedge
Stocks close higher Wednesday, Dow surges 400 points as traders grow optimistic on a debt ceiling deal: Live updates – cnbc
Goldman Sachs says A.I. could push S&P 500 profits up by 30% in the next decade – cnbc
Homebuilder Stocks Soar to New Highs on Insatiable Demand for Housing – bbg
Fraud in Massachusetts Is Boosting US Weekly Jobless Claims, Economists Say – Reuters
Treasury’s Plunging Cash Pile Raises Risk of Early June X-Date – bbg
Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more – cnbc
Analysis-Overexposed US Regional Banks Could Sell Commercial Property Loans – Reuters

US PREMARKET
US Housing Starts Rise in Sign Home Construction Is Stabilizing – bbg
US X-Date Is Now June 5 As Treasury Burns $52BN Cash In One Day, Only $87BN Left – Zerohedge
US Cash Balance Falls Most Since March Amid Debt-Limit Standoff – bbg
Stocks making the biggest premarket moves: Western Alliance, TJX, Wynn, Tesla & more – cnbc
Futures Rise Amid Renewed Hope For Debt Ceiling Breakthrough – Zerohedge
Western Alliance Leads US Regional Banks Higher as Deposits Rise – bbg
Target Sets Cautious Tone as Consumers Turn Thrifty – Reuters
Target Keeps Annual Outlook Despite ‘Softening Sales Trends’ – bbg
Goldman Strategists See Potential Profit Boom From AI – bbg
Euro Zone Inflation Ticks up in April – Reuters
JPMorgan Asset Says Markets Are Right to Bet Fed Cuts Are Coming – bbg
Europe Car Sales Up in April as Output Gains on Better Supply – bbg
Commerzbank’s Higher Interest Guidance Disappoints Investors – bbg
Siemens raises full year outlook after 2nd quarter sales beat – Reuters
Siemens Hikes Outlook Again After Revenue, Orders Surge – bbg
Morning Brief: Cautious Optimism On Debt Ceiling Deal; China’s New Home Prices Rise at Slower Pace; Europe Car Sales Up In April – cb
European stocks head for lower open as U.S. debt ceiling talks overshadow market sentiment – cnbc

Marketmind: Fed Rates to Stay Higher for Longer, Debt Drama Goes On – Reuters

Asia markets mixed as investors digest economic data from the region, U.S. debt ceiling looms – cnbc
Nomura, Barclays Cut China 2023 GDP Forecasts as Recovery Sputters – Reuters
Tencent posts fastest jump in quarterly revenue in more than a year after China reopens – cnbc
Tencent’s Revenue Grows Most in Over a Year After China Reopens – bbg
Asia-Beating Japan Stocks Seen Rising 10% More on Earnings Boost – bbg
Japanese Stocks Just Hit A 33 Year High And “Have Further To Go” – Zerohedge
Japan Economy Grows More Than Expected After Technical Recession – bbg
Wall Street Splits on Cutting China GDP After April Data Miss – bbg

Asia Stocks Set for Mixed Open; US Futures Muted: Markets Wrap – bbg

Tuesday 05/16

Business Live – guardian
Biden will cut international trip short as Washington scrambles to avoid debt default – cnbc

McCarthy credits Biden with changing ‘scope’ of debt ceiling talks – thehill
Stocks and bonds lower after mixed data, Fed speak, debt ceiling talks and earnings – Newsquawk US Market Wrap
Biden & Bad Data: Big-Tech Bid, Banks Skid; Bonds & Bullion Breakdown – Zerohedge
Dow closes more than 300 points lower on discouraging Home Depot forecast, debt ceiling concerns – cnbc
This Is What Hedge Funds Bought And Sold In Q1: 13F Summary – Zerohedge
Stocks making the biggest moves midday: Horizon Therapeutics, Capital One, RH, Home Depot and more – cnbc
Global Economy Risks a Stall as China, Germany Juggernauts Slow – bbg
Alphabet Adds $115 Billion in Value After Defying AI Doubters – bbg
U.S. Business Inventories Fall in March – Reuters

US Industrial Production Unexpectedly Jumped In April – Zerohedge
US Manufacturing Production Surges in April on Motor Vehicles – Reuters
Production at US Manufacturers Rebounds After March Slump – bbg
US Consumer Spending Appears Solid Early in Second Quarter – Reuters
Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation – cnbc
US Retail Sales Increase in Sign of Steady Consumer Spending – bbg
Headline US Retail Sales Disappoints In April, Slowest Annual Growth Since May 2020 – Zerohedge
Sea Misses Profit Estimates, Showing Turnaround Still Fragile – bbg
Home Depot Plunges After Worst Revenue Miss In 20 Years, Slashes Guidance; Blames Weather, Lumber And Faltering Consumer – Zerohedge
Futures Drop After China Dismal Data Dump, Debt Ceiling Debate Enters Crunchtime – Zerohedge
German ZEW Investor Outlook Drops Sharply On Local, US Concerns – livesquawk
German Recession Fears Resurface as Investor Outlook Weakens – bbg
Vodafone shares drop 7% after record 11,000 jobs cut as CEO says telco ‘must change’ – cnbc
Vodafone to Slash 11,000 Jobs in New CEO’s Turnaround Plan – bbg
Oil Edges Higher With US Seeking Crude for Strategic Reserves – bbg
European markets lose momentum as economic and political uncertainty weigh on sentiment – cnbc

Marketmind: Biden, Republicans Set for Debt Ceiling Face-Off – Reuters
Marketmind: Europe Has a Data Fest, and Growth Worries – Reuters

Asia markets trading mixed as investors digest key China’s April activity data – cnbc
China Data Dump Total Disaster; Youth Unemployment Hits Record High – Zerohedge
China’s Economic Recovery Worries Mount as Data Disappoints – bbg
China’s economic data misses expectations as economy continues to show uneven recovery – cnbc
Japan’s Topix Set for Highest Level in More Than Three Decades – bbg

Asia Stocks Set for Mixed Open, US Debt Talks Near: Markets Wrap – bbg


Monday 05/15

Business Live – guardian
Biden Expresses Optimism on Debt Limit, but a Deal Remains Elusive – nyt
Explainer-Biden’s Budget Vs. Republican Debt Ceiling Bill on Spending, Deficits, Taxes – Reuters

Michael Burry Didn’t Sell, Instead He Loaded Up On Regional Banks: Here Are All The “Big Short’s” Latest Stock Holdings – Zerohedge
Here Is What Warren Buffett Bought And Sold In Q1 – Zerohedge
China Suddenly Buys TSYs Amid March US Banking Crisis, Gold Reserves Hit Record High – Zerohedge
S&P 500 closes higher as debt ceiling negotiations in Washington are set to resume – cnbc
US Plans to Buy 3 Million Barrels for Strategic Oil Reserve – bbg
End Of Rate Hikes Won’t Be All Clear For Equities – Zerohedge
FX Talking: The rocky path to a weaker dollar – ing
Stocks making the biggest moves midday: Shake Shack, Charles Schwab, Activision Blizzard and more – cnbc
Washington’s Window for Resolving the US Debt Ceiling Is Closing – bbg
JPMorgan’s Kolanovic Sees Stock Selloff as US Debt Talks Drag On – bbg
‘Big Short’ Investor Burry Bet on Regional Banks in First Quarter – Reuters
Fed’s Bostic, Goolsbee Favor Policy Pause to Watch Credit Impact – bbg

New York Factory Activity Slumps in May – NY Fed – Reuters
Empire Fed Manufacturing Survey Collapsed In April – Biggest Drop Ever (Ex-COVID) – Zerohedge
Morgan Stanley’s Wilson Sees Stock Swings on Debt Ceiling Debate – bbg
Euro Zone Industry Output Falls Sharply, With Ireland Plunge – Reuters
Euro-Zone Inflation Outlook Raised by EU on Surge in Core Prices – bbg
Turkey Heads for Runoff Ballot as Erdogan Has Lead and Momentum – bbg
European markets open in mixed territory as Turkish election comes into focus – cnbc

Asia-Pacific markets mixed; Thailand’s election results in focus, baht strengthens – cnbc
Japan’s Megabanks Resist Buybacks After Predicting Bumper Profit – bbg
Another China Defaulter Gets Liquidation Order as Pressure Grows – bbg

US Equity Futures Fall; Baht Gains, Rand Rallies: Markets Wrap – bbg
Siemens, Burberry May Spring Surprises: EMEA Earnings – bbg

Week Ahead: BOE, ECB and Fed Speakers; EC Spring Forecasts; G-7 Leaders Summit; US Data; Debt Ceiling Talks – cb
Key Events This Week: Retail Sales, Retail Earnings And Lots Of Fed Speakers – Zerohedge
What to Watch in China’s Economic Data as Recovery Loses Steam – bbg

 

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