TOP MARKETS NEWS: Week 06/29 – 07/05

Friday 07/03

Business Live – guardian


A top economist says the $4 trillion federal deficit isn’t the problem — it’s how we’re spending the money – businessinsider
Asian markets gain following upbeat U.S. jobs report – Marketwatch

Thursday 07/02

Business Live – guardian

Where The June Jobs Were: Who Is Hiring And Who Is Firing – Zerohedge
BLS Admits “Survey Error” Continues, Resulting In Artificially Lower Unemployment Rate – Zerohedge
Rebound In US Factory Orders Disappoints In May – Zerohedge
“Great Job Numbers” Trump Booms As Payrolls Soar By Record 4.8 Million, Crushing Expectations – Zerohedge
Clouds may be parting for dividend investors – Reuters
Tesla shares surge 9% to record high after 2nd-quarter deliveries beat estimates – businessinsider
Tesla Says It Delivered 90,650 Vehicles In Q2, Beating Estimates – Zerohedge
China Inches Closer to Merging Top Brokers in Industry Shakeup – Bloomberg
Spain’s June jobless rises by 0.13% m/m to 3.86 million as coronavirus lockdown ends – Reuters
Hong Kong stocks kick off third quarter with gains, rise on coronavirus vaccine hope, better US and China economic data – scmp
Asian stocks rise on vaccine hopes, eyes on U.S. payrolls – Reuters

 

 

 

Wednesday 07/01

Business Live – guardian

JPMorgan Spots A Big Problem For Stocks – Zerohedge
The Best And Worst Performing Assets In June, Q2 And 2020 YTD – Zerohedge
FOMC Minutes Suggest Fed Will Keep Buying Bonds “For Many Years”, Shuns Yield Curve Control – Zerohedge
Fed officials see need for ‘highly accommodative’ policy ahead, minutes show – cnbc
Tech Tycoons Flood Hong Kong With $20 Billion of Stock Listings – Bloomberg
Tesla becomes most valuable automaker in latest stock rally – Reuters
GM’s U.S. vehicle deliveries fall 34% in Q2 – Marketwatch
U.S. Democrats push to extend $600 weekly coronavirus unemployment benefit – Reuters
US Manufacturing Survey Jumps By Record In June (In Contraction & Expansion) – Zerohedge
Pizza Hut’s largest U.S. franchisee files for Chapter 11 bankruptcy – NBC
Pfizer stock jumps after it reports positive data in early-stage coronavirus vaccine trial – cnbc
BioNTech’s stock halted, Pfizer shares jump on promising COVID-19 vaccine data – Marketwatch
U.S. private payrolls miss expectations in June – ADP – Reuters
Manufacturing slump eases as world emerges from pandemic – Reuters
Swedish central bank boosts QE programme to fight pandemic downturn – Reuters
German unemployment rises less than expected in June – Reuters
Asia’s factory pain eases as region emerges from pandemic – Reuters

 

 

 

Tuesday 06/30

Global markets post best quarter in a decade as China’s factories strengthen – business live -guardian
New Flu Virus With “Pandemic Potential” Emerges In China – Zerohedge

Markets Drift on Mild Bearish Tilt – bk
Former ECB member warns that corporate solvency ‘trouble’ is coming – cnbc
Global hedge fund liquidations surge as coronavirus hurts returns – Reuters
Coronavirus: Airbus to slash 15,000 jobs from global workforce – yahoofinance
Inovio’s 860% year-to-date rally takes a breather after the release of Phase I data for company’s COVID-19 vaccine candidate (INO) – businessinsider
The Dow can hit 30,000 by 2021 if Republicans keep the Senate and the coronavirus is contained, Wharton professor Jeremy Siegel says – businessinsider
Dr. Anthony Fauci says new virus in China has traits of 2009 H1N1 and 1918 pandemic flu – cnbc
Micron earnings show spike in memory sales, forecast suggests more of the same – Marketwatch
Microsoft Reportedly Cuts Facebook/Instagram Advertising – nasdaq
Chicago PMI Suffers Biggest Miss In 5 Years As ‘V’ Hope Fades – Zerohedge

Bailout or Backstop? Lawmakers May Focus on Fed’s Corporate Bond Buying -nyt
Royal Dutch Shell To Write Down Up To $22 Billion After COVID Hit – Zerohedge
Shell to write down as much as $22 billion in wake of coronavirus – Reuters
UK economy shows biggest drop in 40 years in early 2020 – Reuters
83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal – Zerohedge
Here’s Why The WHO Thinks ‘The Worst Is Yet To Come’ From Coronavirus – forbes
China’s factory activity quickens, but pandemic drags on exporters and recovery – Reuters
China Manufacturing Employment Contracts, Demand Disappoints Despite Headline PMIs Beat – Zerohedge
Japan factory output slumps as economy sinks deeper in recession – Reuters
Asia stocks up as China PMI, U.S. data help cap strong quarter despite virus woes – Reuters

 

 

Monday 06/29

Markets nervous as Covid-19 cases keep rising – business live – guardian
Markets Flat and Wary as Week Begins – bk

$6.47 trillion investment giant BlackRock’s top strategist says US stocks face a reckoning ahead of a ‘tumultuous’ presidential election – businessinsider
‘FOMO’ Is in Early Stages With Plenty of Cash for Dips, DBS Says – Bloomberg
Mystery of $2bn of loans backed by fake gold in China – asianikkei
Facebook Shares Poised to Fall After Starbucks Joins Ad Pullback – Bloomberg
BP to sell petrochemicals unit to Ineos for $5 billion – Reuters
‘The Enron of Germany’: Wirecard scandal casts a shadow on corporate governance – cnbc
Key Events In THe Coming Holiday-Shortened Week – Zerohedge
Vietnam’s second-quarter GDP growth hits record low due to pandemic – Reuters
Indonesia Nears Deal With Central Bank on Deficit Funding – Bloomberg
‘Extreme inequality was the preexisting condition’: How COVID-19 widened America’s wealth gap – abc