TOP MARKETS NEWS: Week 05/31 – 06/06

Weekend 06/25 & 06/06

Higher interest rates would be good for the country, Treasury Secretary Yellen says – cnbc
Here’s Why El Salvador Wants To Be The First Country To Formally Adopt Bitcoin – forbes
“Shot Heard Around The World” – El Salvador President Pushes Bill To Adopt Bitcoin As Legal Tender – Zerohedge
El Salvador’s president to propose making Bitcoin legal tender – thehill
Morgan Stanley: “We Are Getting A Lot Of Client Pushback On Our Call For A 15% Drop” – Zerohedge
“We Took Out The June 2007 Highs”: Morgan Stanley’s Sell Signal Just Hit An All Time High – Zerohedge
Cryptos Tumble After Musk Tweets “Cumrocket To The Moon” – Zerohedge
Explainer: What is a global minimum tax and what will it mean? – Reuters
Lumber Prices Slump As Historic Boom Hits A Wall – Zerohedge
G-7 nations reach historic deal on global tax reform – cnbc
Week ahead: Nowadays people know the price of everything, and the value of nothing – nordea

 

 

Friday 06/04

Business Live – guardian

Dollar & Bond Yields Plunge To End Meme-orable Week – Zerohedge
S&P 500 rises on Friday to close out winning week near a record high – cnbc
Biden rejects new GOP infrastructure offer but will meet with Sen. Capito again Monday – cnbc
Stagflation Signals Soaring As Factory Orders Tumbled In April – Zerohedge
Dollar Dumps On Disappointing Jobs Data, Bonds & Stocks Bid – Zerohedge
May Payrolls Miss: 559K Jobs Added, Below Expectations; Unemployment Rate Drops – Zerohedge
Futures Coiled Ahead Of Closely Watched Jobs Report – Zerohedge
Global money market funds lure massive inflows in the week to June 2 – Lipper – Reuters
European markets set to open lower ahead of U.S. jobs report – cnbc
Global funds return to China’s favourite F&B stocks, add more small-cap companies, brokerage says – scmp


Thursday 06/03

Oil at two-year high as demand recovers – business live – guardian
Biden Signals ‘Major Changes’ To Tax Proposal To Win GOP Support – Zerohedge
Forexlive Americas FX news wrap. US dollar moves higher on better data ahead of US jobs report tomorrow – forexlive

Goldman Prime: Massive Short Covering Leads To Biggest Hedge Fund Rout Since March – Zerohedge
Dollar Spikes Most In 9 Months As Meme-Mania Distracts Markets – Zerohedge
Dow ends day flat as economic comeback plays offset losses in tech – cnbc
Dollar Soars Ahead of Payrolls but Can the Rally Last? – bk
Bill Ackman’s Pershing Square confirms talks to buy 10% of Universal Music at $4 billion – cnbc
Ford And General Motors Are Blowing EV Sales Out Of The Water – Zerohedge
Biden proposes 15% corporate minimum tax to win Republican backing of infrastructure plan – Reuters
Jefferies Prime Brokerage Suspends Short Sales In AMC, GameStop And MicroVision – Zerohedge
Tesla shares drop on report of steep May sales decline in China – cnbc
US dollar stalls as the employment component of ISM services falls – forexlive
Low-tax stocks slide after report says Biden is pushing for a 15% minimum corporate rate – cnbc
Explainer: What is a gamma squeeze and how did it drive up AMC’s stock price? – Reuters
Here are Thursday’s biggest analyst calls of the day: Amazon, Boeing, Nvidia, SolarEdge & more – cnbc
Services Surveys Signal Stagflation As Firms Increasingly “Pass On Higher Costs To Clients” – Zerohedge
ADP Employment Surges In May Led By Services Rebound – Zerohedge
Russia’s $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets – Zerohedge
Euro zone business growth soared in May as restrictions eased -PMI – Reuters
Airlines slump in London on report government won’t add new destinations to safe list – Marketwatch
Asian equities clock biggest foreign outflows since March 2020 – Reuters
China shares settle lower as consumer boost fades – Reuters

 

Wednesday 06/02

Business Live – guardian

Fed says it will start unwinding its corporate bond holdings – Zerohedge
FX Breakouts or Fake outs? It Rests on NFPs – bk
Beige Book: Economy expanded at a somewhat faster rate – forexlive
Microsoft to unveil new version of Windows on June 24 – cnbc
French car parts group PHE’s IPO stalls amid signs of investor fatigue – Reuters
Hedge fund assets soar to record high amid boom in trading profits – cnbc
Cryptocurrencies show inflows after record outflows in previous two weeks – CoinShares – Reuters
Stocks making the biggest moves midday: Etsy, Cinemark, DXC & more – cnbc
Germany may take part in Lufthansa capital increase – Reuters
Futures Stuck At 4200 Gamma Pin As Traders Fixate On Meme Stocks – Zerohedge
Sterling steadies at $1.41 as traders weigh potential delays in June reopening – Reuters
Tesla recalls 6,000 cars over risk of loose bolts – cnbc
5 things to know before the stock market opens Wednesday – cnbc
How to trade Europe’s incoming ‘revenge spend,’ according to BlackRock – cnbc


Tuesday 06/01

Business Live – guardian
Stock market news live updates: Stocks trade mixed with technology shares under pressure – yahoofinance

Zoom shows 191% revenue growth but signals a slowdown ahead – cnbc
Stocks start June flat despite energy rally, Dow adds 40 points – cnbc
“A Reset Is Required”: Why Morgan Stanley Sees Pain In The Next 6 Months – Zerohedge
Fed’s Liquidity Bomb Pushes Key Benchmark Rate Closer To Zero – Zerohedge
OPEC+ Agrees To Boost Oil Output In July As Demand Rises – Zerohedge
Stocks Suddenly Puke As VIX Rebounds From Mini-Flash-Crash – Zerohedge
Here are Tuesday’s biggest analyst calls of the day: McDonald’s, Vail, Nio, AMC & more – cnbc
US Manufacturing Surveys Scream Stagflation As “Expectations Have Moderated” – Zerohedge
The EU is finally ready to tap markets in a $900 billion stimulus push – cnbc
Rabo: Both The US And China Want A Reflationary Weaker Currency AND Lower Commodity Prices – Zerohedge
How the World Ran Out of Everything – nyt
World Stocks Hit Record As US Futures Jump, Oil Spikes Above $70 – Zerohedge
Citi upgrades Nio, says growing electric vehicle demand in China can lift stock more than 50% – cnbc
RBNZ’s Hawkesby: Rates, not QE, main tool for the central bank – fxstreet
Eurozone inflation tops ECB target for first time since 2018 – ft
Euro area annual inflation up to 2.0% – eurostat
Rates Spark: Emotional rollercoaster – ing
European markets set for mixed open as investors await key economic data – cnbc
Daimler to pay Nokia patent fees, ending German legal spat – Reuters
Cyberattack hits world’s largest meat supplier – NBC
Dollar in doldrums as traders ponder Fed policy path; sterling soars – Reuters
Brent hits $70 on demand prospects of U.S. summer driving season – Reuters
Investors Cheer After RBI Clarifies Crypto Trading Isn’t Banned – Bloomberg
Asian equities perched at month high ahead of U.S. jobs data – Reuters
Asia’s factories sustain expansion but supply squeeze dims outlook – Reuters
Australia’s central bank holds rate at near zero as economy bolts ahead – Reuters

 

Monday 05/31

World stocks set for 4th month of gains in data-heavy week – Reuters

Oil climbs $1 ahead of Iran and OPEC+ meetings – forexlive
In Less Than Two Weeks, Millions Of Americans Will Lose Unemployment Benefits – Zerohedge
German inflation pushes further above ECB target in May – Reuters
India’s economic growth picks up in Jan-March, before huge COVID-19 wave – Reuters
Morgan Stanley Asks What To Do When Everything Is Expensive – Zerohedge
KKR, CD&R take data analytics firm Cloudera private for $4.7 bln – Reuters
European stocks retreat from record highs, Deutsche Bank drags – Reuters
European markets weaker as investors digest inflation data; Deutsche Bank slips 2% – cnbc
For first time under Gov Kuroda, BOJ holds off on buying ETFs for entire month – Reuters
Currency Wars Return: China Hikes FX Reserve Ratio For First Time In 14 Years In Bid To Weaken Yuan – Zerohedge
China raises banks’ FX requirements to rein in yuan – Reuters
PBOC raises FX reserve requirement ratio from 5% to 7% – FOREXLIVE
Japan’s Nikkei 225 falls almost 1%; China says its manufacturing activity grew at a slightly slower pace in May – cnbc
China Allows Families To Have Up To 3 Children Amid Dramatic Drop In Birth Rates – Zerohedge
Growth in China’s services sector accelerates in May – official PMI – Reuters
China’s factory activity grows at slightly slower pace as raw materials costs surge – Reuters
NZ central bank says keeping stimulus longer better than taking away too soon – Reuters
Japan’s April factory output rises on capital goods demand – Reuters