TOP MARKETS NEWS: Week 06/18 – 06/24

Weeekend 06/23 & 06/24

Erdogan declares victory in Turkish election – cnn
BIS Confirms Banks Use “Lehman-Style Trick” To Disguise Debt, Engage In “Window Dressing” – Zerohedge

China Moves to Shore Up Economy as Slowdown and Trade Fight Loom – nyt

China Cuts Reserve Ratio, Unlocks 700BN Yuan Amid Rising Trade War, Mass Defaults And Margin Calls – Zerohedge
This Is What A Global Trade War Could Look Like  – Zerohedge
Rickards Warns ‘A New Global Debt Crisis Has Begun’ – Zerohedge



Friday 06/22

Business Live – guardian

Trump Threatens 20% Tariffs On All Cars Coming Into US; Euro, Car Stocks Slide – Zerohedge
Manufacturing PMI Plunges To 7-Month Lows: Orders Tumble As Prices Soar – Zerohedge
Merrill: “The cost of a trade war” – calculatedriskblog

OPEC ministers strike deal on oil production levels – cnbc
Service sector helps Eurozone growth kick higher in June – markit
German growth ticks up but remains in low gear – markit
German SPD Said Preparing For New Elections, Euro Slides – Zerohedge
Pakistan Panic: 3rd Currency Devaluation In 2018 Sends Sovereign Risk Soaring Above Argentina, Ukraine – Zerohedge
Busy Week Gets Busier as Russell Shuffle Spurs Indexing Frenzy – Bloomberg

Cryptocurrencies Fall After Japan’s Regulator Censures Exchanges – Bloomberg
Japanese Manufacturing sector growth picks up in June – markit



Thursday 06/21

Business Live – guardian

Goldman, Morgan Stanley Say Test Scores May Not Curb Payouts – Bloomberg
Lagarde Puts Spotlight on Italy Spending Ahead of IMF Visit – Bloomberg
Emerging Markets Now Face a Political Gauntlet: Elections Guide – Bloomberg
Fitch Revises Deutsche Bank’s Outlook to Negative; Affirms at ‘BBB+’ – fitch

Every bank had enough capital after stress test, Fed says – Marketwatch

Philly Fed Crashes Most In 4 Years To Lowest Since Election – Zerohedge

Inside Goldman Sachs’s Play to Squeeze Italy’s Riskiest Credit – Bloomberg
Goldman Says Emerging Markets Flash Green, Buy Local Debt – bloombergquint
Saudis Take Oil Consumers’ Side as OPEC Nears Pivotal Talks – Bloomberg
Russia Raises Retirement Age Above Life Expectancy For 40% Of Men – Zerohedge
GE may now be a buy after getting kicked out of the Dow. Here’s why – cnbc
India Joins China, Europe in Hitting Back at Trump on Trade – Bloomberg
Swiss National Bank leaves expansionary policy unchanged – Reuters
Italian bonds, stocks sell off on report of govt’s eurosceptic appointment – Reuters
Moscovici: Eurogroup needs new monitoring scheme to keep tabs on Greece – politico
China acts to help small firms hit by credit squeeze – atimes
Why this US economic recovery has been different, in one chart – businessinsider
As Trade Wars Heat Up, So Do Emerging Markets – ii
Saudi Arabia eyes $40bn in foreign investment inflows after MSCI decision – ft
Saudi bourse will be ready for capital inflows after MSCI EM inclusion – Reuters



Wednesday 06/20

China calls for calm as trade war fears grow – business live – guardian

Argentina Wins Upgrade to Emerging Status After Nine Years – Bloomberg

Someone Just Dumped A Record $320 Million Of Emerging Market Bond ETF – Zerohedge

IT’S A BIDDING WAR: Disney boosts its offer for 21st Century Fox assets to $71. 3 billion – businessinsider
Trade War Starts to Hit Businesses With Daimler Cutting Outlook – Bloomberg

This Is The Greatest Short-Squeeze In History – Zerohedge

Sovereign Debt Writedowns Draw Closer in Franco-German Plan – Bloomberg

Philippine’s Hike Not Enough for Asia’s Worst Market: Analysts – Bloomberg
Existing Home Sales Slump To Lowest Since Jan: “Housing Affordability Is Becoming A Crisis” – Zerohedge
Nomura says that China cannot match US tariffs ‘one-for-one’ – FOREXLIVE
China’s economy shows signs of slowing. A trade war won’t help – cnn
Emerging Asia to Suffer Most From Strong Dollar, Macquarie Says – Bloomberg
China’s Investment in the U.S. Is Collapsing as Trade War Flares – Bloomberg
China could be on the verge of stoking its financial fire even further – businessinsider
China at Risk of Losing Title of World’s Number Two Stock Market – Bloomberg
A $600 Billion Decision Looms for Saudis, Argentina on MSCI Nod – Bloomberg
China stocks extend slump, temper Asian bounce as trade war anxiety grows – Reuters
The world’s hottest tech companies are now worth more than $5 trillion, and they could be pointing out the next big bubble – businessinsider
South Korean crypto exchange Bithumb says $30 million stolen by hackers – Marketwatch
PAUL TUDOR JONES: The next US recession will be ‘frightening’ – businessinsider
De-Dollarization Escalates: Russia Sells Off Record Amount Of US Treasury Bonds – Zerohedge



Tuesday 06/19

Markets slide as Trump threatens China with $200bn of new tariffs – business live – guardian

GE booted from the Dow, to be replaced by Walgreens – cnbc
The Corporate Yield Curve Has Just Inverted – Zerohedge
Hedge-fund boss who predicted ‘87 crash says next recession will be ‘really frightening’ – Marketwatch
As Greece Ends a Decade of Bailouts, Problems Linger for Europe – nyt
How the US ended up in an escalating trade dispute with China – cnbc
Why North Korea Is the Right Model for Understanding Tariffs – oppenheimer
Dollar, yen, Swiss franc rise on latest U.S. tariff threat – Reuters
Permits Plunge But Starts Surge As Housing Data Suggests Rough Future Ahead – Zerohedge
Wealth of millionaires surges 10.6% to top $70 trillion for the first time – usatoday
Merkel-Macron meeting is ‘moment of truth’ for Europe: French minister – Reuters

Stock market investors are acting as if a genuine U.S.-China trade war has erupted – Marketwatch
What Trump Gets Right About Europe – nyt
Secret ETF Trades Revealed by MiFID Point to Market 70% Larger – Bloomberg
Explainer: What can Beijing do if China-U.S. trade row worsens? – Reuters
The Fed said it’s hiking rates four times this year, but the market’s not convinced – cnbc
China slams U.S. ‘blackmailing’ as Trump issues new trade threat – Reuters
Swiss Commodity Trading Giant Trafigura Suffers 50% Profit Hit – Zerohedge
Banks in Denmark Are Granting Risky Mortgages, Supervisor Warns – Bloomberg
All global currencies will become cryptocurrencies, CEO of Goldman-backed start-up says – cnbc
Rising Trade-War Clamor Batters Emerging Markets as Rand Tumbles – Bloomberg
China’s Xiaomi cuts valuation to $55 billion-$70 billion: sources – Reuters
Summers Warns the Biggest Economies Are Not Prepared for Another Recession – Bloomberg
China Stocks Plunge to Two-Year Low on Tariff Threat; Yuan Sinks – bloombergquint

China continues to inject funds into market – xinhuanet

Asian stocks sink, led by Apple suppliers, on Trump’s latest tariff threat – Marketwatch
Trump threatens all-out trade war with China, tariffs on $200 billion worth of goods – businessinsider
Recession Signals: The Yield Curve vs. Unemployment Rate Troughs – fedstlouis



Monday 06/18

Business Live – guardian

Trump reportedly told Apple that tariffs against China would spare iPhones – Marketwatch
Food stamp enrollment falls to 8-year low as Trump clamps down on fraud, economy improves – foxnews
The Hidden Risk Of A Trade Deficit Reduction – Zerohedge
Why Three Rescues Didn’t Solve Greece’s Debt Problem – Bloomberg
Trump seeks additional $200 billion in tariffs against China – and threatens even more – Marketwatch
U.S. Utilities Cut to Negative in First as Moody’s Warns of Debt – Bloomberg
The “Worst Case Scenario”: A 10% Tariff On All US Imports & Exports Would Slash S&P EPS By 11% – Zerohedge

Goldman Sachs still sees oil rallying over $80 despite market concerns over key OPEC meeting – cnbc

UBS Group CEO: I’m really worried about Trump-China trade war threats getting ‘out of control’ – cnbc
Could bitcoin break the internet? – Marketwatch
Merkel accepts CSU offer to delay ban on migrants: DPA – Reuters

Emerging Asia Hit by Biggest Foreign Investor Exodus Since 2008 – Bloomberg

Nikkei leads Asian markets lower amid U.S.-China trade tensions – Marketwatch
Key Events This Week: Sintra Jawboning Orgy, PMIs And Non-Stop Central Bank Speakers – Zerohedge
China’s tariffs on U.S. oil would disrupt $1 billion monthly business – Reuters
Eurozone braces for row with Greece over bailout exit terms – guardian
OPEC Discusses Output Hike of Up to 600,000 Barrels a Day – Bloomberg
Oil slides; Google bets on China; Internet tax decision – cnn
Japan posts first trade deficit in 3 months in May  – Marketwatch
American FX Outlook: Draghi’s ceremonial speech headlines the day of political uncertainty – fxstreet
The performance of major asset classes so far in 2018, in one chart – businessinsider
Funds buy US stocks, exit Europe – thestar