TOP MARKETS NEWS: Week 05/22 – 05/28

May 22, 2023
  

Weekend 05/27 & 05/28

Top 5 things to watch in markets in the week ahead – investing
US Jobs Report Is Set to Provide Some Solace to the Fed – bbg
Bond Traders Are Starting to Eye Potential Risks Beyond the Debt Ceiling – bbg
Explainer-US Debt Ceiling Deal’s Winding Road to Passage in Congress – bbg

“Hard Pass”: Here’s What’s In The Debt Ceiling Deal Republicans Are About To Nuke – Zerohedge
Congress has just days to approve a Biden-McCarthy debt-ceiling deal and avoid calamity: ‘I’ll debate this bill with anybody’ – fortune
Biden and McCarthy have a debt ceiling deal. Here’s what’s in it. – yahoofinance
Après debt ceiling deal, le T-bill déluge – ft
Analysis-Why a US Debt Deal May Only Provide Short-Term Relief for Markets – Reuters
US Debt, China’s Jet and Modi’s Opening: Sunday Asia Briefing – bbg

Investors React to Tentative US Debt Ceiling Deal – Reuters
McCarthy and Biden reach agreement in principle on debt limit – politico
Debt-Limit Deal Sets Up Tough Battle for Passage in Congress – bbg
Factbox-What’s in the Debt Ceiling Deal Biden, McCarthy Agreed? – Reuters
Key Takeaways From Deal Biden, GOP Sealed to Avert US Default – bbg
Reaction: Biden, McCarthy Debt Ceiling Deal – Reuters
Biden, McCarthy Reach Tentative US Debt Ceiling Deal – Reuters
White House, Republicans Reach Deal to Avert US Default – bbg
Key GOP Negotiator Says ‘Thorny’ Issues Unsettled in Debt Deal – bbg
Here’s Why Buying a Chunk of America Can Be an Inflation Hedge – bbg
Charting the Global Economy: German Growth Outlook Deteriorates – bbg

 


Friday 05/26

Business Live – guardian
Yellen Sets June 5 as X-Date in US Debt-Ceiling Standoff – bbg

Treasury Cash Pile Hits Lowest Level Since 2017 as Debt Talks Drag On – bbg
US Bank Lending, Deposits Increase in Sign of Stable Credit – bbg
Stocks rally Friday on hopes for a debt ceiling deal, Nasdaq notches fifth straight week of wins – cnbc
AI Is Becoming the Stock Market’s Answer to Everything – bbg
Ford, Tesla Shares Jump Over 7% on Superchargers Deal – Reuters
Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more – cnbc
Analysis-Investing in AI: How to Avoid the Hype – Reuters

Instant View: Stubborn US April PCE Inflation Revives Focus on June Fed Hike – Reuters
Strong US Consumer Spending, Inflation Readings Put Fed in Tough Spot – Reuters
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed – cnbc
US Money Market Funds See Big Inflows Amid Debt Ceiling Caution – Reuters
Stocks making the biggest moves premarket: Marvell Technology, Gap, RH & more – cnbc
Oil Holds Decline as Investors Digest Moscow’s Message on OPEC+ – bbg
Take Five: Push and Pull – Reuters

Marketmind: Debt Deal Is Near, Fed Peak Is Not – Reuters

Asia markets mostly rise after Wall Street sees tech rally – cnbc
China Stocks Rout Extends as Traders Rush to Sell Before Holiday – bbg
Tokyo Inflation Slows, Supporting BOJ’s Price View for Now – bbg

Asia to Follow US Rally With Debt Talks in Focus: Markets Wrap – bbg

 


Thursday 05/25

Business Live – guardian
McCarthy Says He Spoke With Trump About US Debt Ceiling Talks – Reuters
Explainer-Why Are Nvidia’s Shares Soaring and What Is Its Role in the AI Boom? – Reuters
Fed Traders Are Fully Pricing In Another Rate Hike Once Again – bbg

Stocks making the biggest moves after hours: Gap, Marvell Technology, RH, Ulta and more – cnbc
NDX soars on NVDA moonshot; debt ceiling optimism puts pressure back on the Fed – Newsquawk US Market Wrap
Bank Bailout Facility Usage Hits New Record High As Money-Market Fund Inflows Soared Again Last Week – Zerohedge
Wall Street Ends Higher as Nvidia Sparks Rush for AI Stocks – Reuters
NVDA Adds Record Market Cap; Everything Else Dumps As Debt-Ceiling Idiocy Continues – Zerohedge
Nasdaq closes about 1.7% higher Thursday as Nvidia’s surge powers tech rally: Live updates – cnbc
How the A.I. explosion could save the market and maybe the economy – cnbc
Goldman: Mutual Funds Flood Into MegaTech Stocks As They Start Cutting Cash Allocations – Zerohedge
US Treasury Debt Announcement Signals to Some June 1 Is Not ‘X-Date’ – Reuters
US Must Make Its Mid-June Interest Payment to Avoid Downgrade, Moody’s Says – bbg
Semiconductor Index Surges With Nvidia Leading Race to AI ‘Gold Rush’- Reuters
Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms – cnbc
Kyle Bass Urges Investors to Develop Data Centers in a Play for AI – bbg
A.I. cryptocurrencies jump after Nvidia reports booming artificial intelligence demand – cnbc
Stocks making the biggest moves midday: Nvidia, Monolithic Power Systems, Ralph Lauren and more – cnbc

Marketmind: AAA Fears Vie With AI Frenzy – Reuters

Two Key Gauges of US Economic Activity Diverged in First Quarter – bbg
Q1 GDP Revised Higher As Core PCE Comes In Hotter Than Expected – Zerohedge
Initial Jobless Claims Rise After Massachusetts Fraud Revisions – Zerohedge
US Jobless Claims Tick Up While Prior Weeks Revised Lower – bbg
US Futures Jump Led By Record-Breaking Surge In Nvidia – Zerohedge
Ralph Lauren Results Top Estimates as Shoppers Snap up Polos, Pricey Sweaters – Reuters
Wall Street Is Rethinking Its Gloomy Outlook for Stock Market – bbg
The Market Is Not The Economy: Germany Enters Recession With DAX At Record High – Zerohedge
German Economy Entered Recession as Inflation Hurt Consumers – Reuters
Europe’s Economic Engine Is Breaking Down – bbg
German economy fell into winter recession – ing
German economy enters recession as first-quarter GDP data is revised lower – cnbc
European markets head for cautiously higher open as debt ceiling talks overshadow sentiment – cnbc

Hong Kong stocks fall 2% and below two-month low; Bank of Korea holds rates – cnbc
BOJ’s Ueda Says Wages Aren’t the Goal, Keeps Speculators in Dark – bbg
China Stocks Rout Extends as Traders Rush to Sell Before Holiday – bbg
BOJ’s Ueda Says Targeting Shorter-Duration Bond Yield Among Future Options – Reuters

Nasdaq Futures Rally as Nvidia Turns Sentiment: Markets Wrap – bbg
Morning Brief: US Credit Rating at Risk; China’s Interbank Repo Turnover Hits Record; ECB Must Still Raise Interest-Rates More – cb

 

Wednesday 05/24

Business Live – guardian
Debt ceiling talks make progress, but House will leave town with no deal – cnbc

Fitch puts United States’ AAA rating on negative watch, citing debt ceiling fight – cnbc
Nvidia Explodes Higher To New All Time High On Blowout Earnings; Guides 50% Above Estimates – Zerohedge
Nvidia’s Rosy Forecast Shows Chipmaker Benefiting From AI Boom – bbg
Nvidia Forecasts Second-Quarter Revenue Above Estimates – Reuters
Nvidia shares spike 18% on huge forecast beat driven by A.I. chip demand – cnbc
Stocks fall on default risk, yields rise on hot UK CPI and hawkish Waller – Newsquawk US Market Wrap
Dow drops for a fourth straight day on U.S. default worries as debt ceiling talks stumble – cnbc
AI Intrigues ETF Managers as Both Investment and Tool – bbg
FOMC Minutes Show “Some” Fed Officials Push For More Hikes, Sees “Mild Recession In 2023” – Zerohedge
Fed Officials Split on Support for More Hikes, Minutes Show – bbg
GOP, Biden Negotiators Resume Talks Amid Debt Default Impasse – bbg
Higher Interest Rates Boost Hedge Fund Stock Borrowing to Record High – Goldman – Reuters
Stocks making the biggest moves midday: Abercrombie & Fitch, Palo Alto Networks, Moderna and more – cnbc
Fed’s Waller Says Choice to Hike or Skip in June Hinges on Data – bbg
T-Bills No Longer the Only Market Getting Jittery About the Debt Ceiling Fight – bbg

Stocks making the biggest moves premarket: Moderna, Kohl’s, Intuit, Analog Devices & more – cnbc
Abercrombie & Fitch Soars on Profit Beat, Improved Full-Year Outlook – bbg
Futures Slide, European Stocks Tumble On Barrage Of Global Bad News – Zerohedge
European banks are stronger than their U.S. rivals, analysts say. Here’s why – cnbc
Record Profit Expectations Are “Unsustainable” – Zerohedge
Record Dividends No Match for Recession Worries Gripping Market – bbg
What US Treasury Debt Payments Are at Risk of Default? – Reuters
Copper Slides Below $8,000 on Disappointing China Recovery – bbg
US Money Market Fund Assets Hit Record Highs Despite Debt-Ceiling Fears – Reuters
US Faces $48 Trillion Moment of Truth This Decade, McKinsey Says – bbg
There Is ‘More Room’ for Dollar Strength, Goldman Sachs Says – bbg
Fed Builds Real-Time Financial Twitter Sentiment Index – Zerohedge
Fed Tracks Market Sentiment With New Index Built from 4.4 Million Tweets – bbg
European markets head for negative open as U.S. debt ceiling talks stumble; U.K. inflation falls to 8.7 – cnbc

Marketmind: UK Awaits CPI; US Debt Standoff Casts Long Shadow – Reuters

Asia markets slide; New Zealand raises rates and industrials weigh on Hong Kong – cnbc
Asia Stocks Falter, NZ $ Stumbles as RBNZ Signals Hikes Over – Reuters
Chinese Stocks Close to Erasing 2023 Gain as Headwinds Intensify – bbg
China prepares for new wave of covid cases from XBB variants – wp
Japanese Stocks Extend Losses as US Debt Woes Spur Profit Taking – bbg
China’s Record-Breaking Push to Dominate Solar Tech Will Spur Clean Energy Across The World – bbg
RBNZ Raises Cash Rate by 25 Bps to 5.5%, Now at Forecast Peak – Reuters

Asian Stocks to Fall as Debt Impasse Fuels Caution: Markets Wrap – bbg

 


Tuesday 05/23

Explainer-How Could a US Debt Ceiling Default Hit Regular Americans? – Reuters
WTI Extends Saudi-Driven Gains After Big Surprise Crude, Gasoline Draws – Zerohedge
Stocks hit on debt ceiling impasse and US-China trade dispute – Newsquawk US Market Wrap
Debt-Ceiling Doubts Finally Weigh On Stocks; Bonds & Gold Bid – Zerohedge
S&P 500 closes 1% lower Tuesday as debt ceiling talks drag on in Washington – cnbc
AI-Powered ETF Getting Left Behind by an AI-Powered Stock Rally – bbg
Consumer Weakness Confirmed: All Consumer Companies Missed On Comps Today And Spoke To Slowdown In Spending – Zerohedge
U.S. Mid-Cap Retailers Slip After Latest Batch of Results – Reuters
Stocks making the biggest moves midday: Yelp, AutoZone, Lowe’s, Apple and more – cnbc
Powell Meets With Group of House Democrats Amid Debt-Limit Fight – bbg
Regional Fed Surveys Signal Slump, Buck PMI Bounce – Zerohedge
US Services PMI Soars To 13-Mo Highs, Manufacturing Tumbles Back Into Contraction – Zerohedge
US Business Activity Rises to 13-Month High in May, S&P Global Survey Shows – Reuters
US New-Home Sales Unexpectedly Rise to a More Than One-Year High – bbg

Futures Slide As Debt Ceiling Talks Enter 11th Hour, European PMIs Crumble – Zerohedge
Weakest European Firms Face Highest Amount of Maturing Debt Since 2015 – DB – Reuters
Cut Stocks, Buy Gold, Hold Your Cash, JPMorgan’s Kolanovic Says – bbg
Micron’s China Blow Darkens Its Path Toward Recovery – bbg
Luxury Stocks Take $30 Billion Hit as LVMH, Hermes Lead Slump – bbg
Euro, Cable Tumble After Ugly PMIs; Manufacturing Weakest Since COVID Lockdowns – Zerohedge
Euro Zone Business Growth Solid in May but Shows Signs of Easing -Flash PMI – Reuters
Services Drive Acceleration in German Business Activity in May -Flash PMI – Reuters

Marketmind: Fed Hawks Re-Emerge, Dollar Pumped – Reuters
Marketmind: Can PMIs Reprise Their April Surprise? – Reuters


Monday 05/22

Business Live – guardian

Zoom Raises Annual Sales Forecast in Sign Pandemic-Era Customers Here to Stay – bbg
Markets in trepidation mode ahead of Biden/McCarthy debt limit meet – Newsquawk US Market Wrap
Despite Hawkish FedSpeak & Deposit Outflows, Banks Lead Squeezy Stocks Higher; Hedges Hit Record High – Zerohedge
S&P 500 closes little changed on Monday as pivotal debt ceiling meeting looms, Nasdaq hits highest level since August – cnbc
Stocks risk ‘sharp’ reaction if debt ceiling talks go awry: JPMorgan – yahoofinance
Stocks making the biggest premarket moves: Apple, Meta, Micron, PacWest and more – cnbc
Mega Merger Monday: Chevron Buys PDC; Mubadala Buys Fortress; Mizuho Buys Evercore – Zerohedge
Biden-McCarthy Meeting on Debt Limit Comes as Time Runs Short – bbg
Markets Edgy as US Debt Ceiling Talks Near Crunch Time – Reuters
Goldman Says Treasury Will Drop Under Its Cash Minimum June 8-9 – bbg
European markets head for cautious open as U.S. debt ceiling talks are set to resume – cnbc

Asia markets mostly rise as Tokyo stocks extend rally, China leaves loan rates unchanged – cnbc
China Holds Lending Rates Steady; Market Sees Reserve Ratio Cut as Next Move – Reuters
China’s Banks Keep Lending Rates Unchanged After PBOC’s Hold – bbg
Yen Set to Inflict More Pain on Investors’ Bullish Convictions – bbg

Stock Futures Decline, Currencies in Tight Ranges: Markets Wrap – bbg

Key Events This Week: FOMC Minutes, Core PCE And Durables But All Eyes On Debt Ceiling Drama – Zerohedge
Week Ahead: Debt-Ceiling Angst; FOMC Minutes; BOE, ECB and FED Speakers; Preliminary PMIs; U.S. Data – cb

 

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