TOP MARKETS NEWS: Week 06/08 – 06/14

Weekend 06/13 & 06/14

Record spikes in new coronavirus cases, hospitalizations sweep parts of U.S. – Reuters
Beijing partial shut down imposed after new coronavirus outbreak at market – forexlive

Spain plans 3.7 billion euro auto sector aid package, says PM – Reuters
“The Bill Is Coming Due” – Market Faces “Epic Battle Of Control” In Weeks Ahead – Zerohedge
Currencies Struggle, All Eyes on Consumer Comeback Next Week – bk


Friday 06/12

Business Live – guardian
CDC Contradicts White House, Says Lockdowns May Be Necessary If COVID-19 Makes Dramatic Comeback: Live Updates – Zerohedge

Emerging Market Stocks Are a Mess—Except for This Group of Outperformers – barrons
Morgan Stanley And Goldman Both Downgrade Tesla Citing China, Demand And Valuation – Zerohedge
Florida Sees Highest Single-Day Increase in Covid-19 Cases – barrons
American Airlines sees 90% slump in second-quarter revenue – Reuters
Bankrupt car rental firm Hertz to offer up to $1 billion in shares – Reuters
UK economy contracted by 20.4% in April, the largest monthly fall on record – cnbc
Global shares, oil slump as coronavirus fears take hold – Reuters

 

 

 

Thursday 06/11

Global stock markets fall as downbeat Fed punctures euphoria – business live – guardian
Texas Reports Record Jump In COVID-19 Infections As US Total Tops 2 Million: Live Updates – Zerohedge

Stocks Crash, Euro Cracks & Risk Currencies Tumble – bk
Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points – cnbc
Why are we in a recession if the stock market is recovering? – cnbc
Jobless Claims Continue To Surge, Dashing V-Shaped Payrolls Surprise Hopes – Zerohedge
Bank of America’s top equity strategist is looking for these signals to get more bullish on stocks – Marketwatch
Morgan Stanley Says Risk BOE Will Cut Rates Below Zero Is Real – Bloomberg
Oil prices hit by record U.S. crude inventories, bearish Fed – Reuters
FX Daily:Powell put and second waves – ing

 

 

Wednesday 06/10

Business Live – guardian

Fed vows to support U.S. economy’s ‘long road’ to recovery after dire 2020 – Reuters
Fed Review: A little less conversation, a little more action, please – nordea
Six things we learned from Powell and the FOMC – forexlive
Dollar Falls to Multi-Month Lows as Fed Signals No Hikes through 2022 – bk
The U.S. shale oil industry may collapse, new report says, after Goldman warns crude is set for a fall – Marketwatch
Read the Federal Reserve’s June statement – Marketwatch
Goldman Made $1 Billion As Oil Plunged Below Zero – Zerohedge
NetEase shares jump over 8% at the open on their first day of trading in Hong Kong – cnbc
Core Consumer Price Growth Hits 9 Year Low Despite Soaring Food & Booze Costs – Zerohedge
OECD Warns Of Deepest Global Downturn In Century, Second Virus Wave – Zerohedge
OECD sees deepest peace-time slump in a century – Reuters
The world economy on a tightrope – oecd
What No “V”? World Bank Forecasts “Subdued” Recovery In Global Economy In 2021 – Zerohedge
French industrial production plunges in April – Marketwatch
ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt – sources – Reuters
DoubleLine’s Gundlach bearish on U.S. dollar, says stocks ‘lofty’ – Reuters
China factory gate deflation deepens on global demand slump – Reuters

 

 

 

 

Tuesday 06/09

European shares slide despite Nasdaq record; German exports collapse – business live – guardian
Nasdaq releases its top 25 ETFs for the last week and month — here’s what’s working – cnbc

Goldman: Positioning Indicators Signal The First Stage Of FOMO – Zerohedge
Kyle Bass called the housing crash. Now he’s launching a new fund that will reportedly use 200-times leverage to bet on a Hong Kong currency collapse. – businessinsider
Why One Bank Thinks Retail Euphoria Will “Force The Fed’s Hand” To End The Meltup – Zerohedge
The U.S. is officially in a recession. Will it actually become a depression? – cnbc
Move Over Tesla: Sales-Less Nikola Becomes World’s Largest Truck-Maker – Zerohedge
To bail out or not: Governments decide whether to aid Asia’s embattled airlines – fortune
Goldman Sachs expects oil rally to run out of steam soon – Reuters
German exports saw record decline in April – Marketwatch
Asia stocks extend rally as economic recovery hopes boost confidence – Reuters

 

 

Monday 06/08

Business Live – guardian

“Break The Glass” – Guggenheim’s Minerd Warns Fed May Start Buying Gold To Support Dollar Hegemony – Zerohedge
Fed expands Main Street lending program to allow smaller, bigger loans – foxbusiness
The Longest Expansion In History Is Officially Over: The US Entered Recession In February, NBER Finds – Zerohedge
NBER Determination of the February 2020 Peak in Economic Activity – nber
U.S. oil refiners’ shares rebound to pre-lockdown levels – Reuters
Market Cap Of Bankrupt Hertz Approaches $1 Billion Amid Unstoppable Flood Of Retail Buyers – Zerohedge
Goldman Turns Bearish On Oil Again, Sees Brent Dropping Back To $35/bbl – Zerohedge
“This Is Just The Start”: US Bankruptcies Soar 48% In May, Most Since Financial Crisis – Zerohedge