TOP MARKETS NEWS: Week 06/25 – 07/01

Weekend 06/30 & 07/01

Trump: Opponents ‘better just take it easy’ – thehill
Italy’s Salvini Vows To Create Pan-European Association Of Nationalist Parties  – ZeroHedge
Canada tariffs on US goods from ketchup to lawn mowers begin – chron
“2018 Is Looking Increasingly Like 2015”: Why JPMorgan Expects Even More Pain From China – ZeroHedge
Argentina Blew A Billion Dollars To Rescue The Peso On Friday… And Failed – ZeroHedge
China Taps the Brakes on Its Global Push for Influence – nyt
Einhorn Steamrolled: Greenlight Loses Another 8% In June, YTD Plunge Now 19% – ZeroHedge
MEMA Warns that Tariffs on Motor Vehicle Parts Will Cause Job Losses – mema

 

Friday 06/29

Business Live – guardian

Global Stocks Lost Over $10 Trillion In H1, Just Wait For The Second Half – ZeroHedge
Trump Says He Is Working On “Phase 2” Of Tax Plan – ZeroHedge
GM Warns Auto Tariffs Would Kill Jobs, Lead To “Smaller Company” – ZeroHedge
Global Equity Rally On The Brink? – ZeroHedge
Don’t Tell Trump, But The Atlanta & St.Louis Feds Just Slashed Q2 GDP – ZeroHedge
Chicago PMI Beats All Expectations As Stagflation Signals Flash Red – ZeroHedge
Global Stocks Hit By 2nd Largest Weekly Outflow Ever – ZeroHedge
American Spending Grows Faster Than Income For The 29th Straight Month – ZeroHedge
Global Stock Rally Halted By Report Trump May Withdraw From WTO – ZeroHedge
European Yield Curve Collapses On Report ECB Considering “Operation Twist” – ZeroHedge

Eurozone inflation tops ECB target – Marketwatch
BofA: It Feels Just Like Before LTCM And The 1998 Asia Crisis – ZeroHedge
Copper’s in the Firing Line as Trade Tensions Herald 10% Retreat – Bloomberg
German Unemployment Slides Again in Sign Companies Stay Upbeat – Bloomberg
Deutsche Bank shares rise after U.S. stress test failure – Reuters
Xiaomi prices Hong Kong IPO at bottom of range – Marketwatch
China Is Expected to Defend Yuan If It Weakens About 1% Further – Bloomberg
Asia’s worst-performing currency is likely to hit Indian banks’ earnings – economictimes

 

 

Thursday 06/28

Business Live – guardian

Deutsche Bank’s U.S. operations fail second leg of Fed stress tests – Reuters
Corporate Bond Issuance Decelerates to Its Slowest Pace This Year – Bloomberg

India Central Bank Intervenes As Rupee Crashes To Record Low – Zerohedge
Q1 GDP Revised Lower To 2.0% As Q2 GDP Surge Awaits – Zerohedge
Gut Punch for Global Funds Buying China Stocks for First Time – Bloomberg
German Inflation Slowed in June, But Still Above 2% Level  – Bloomberg
Brexit Bulletin: Peering into the Abyss – Bloomberg
China’s currency extends slide to fresh 2018 low – ft
From Brexit to the Balkans, EU Leaders Struggle to Make Progress – Bloomberg
Stocks Struggle, EM Pressured as Trade Clouds Loom: Markets Wrap – Bloomberg

The Indian rupee just tumbled to an all-time low – businessinsider

 

Wednesday 06/27

Business Live – guardian

Stocks Drop, Dollar Spikes After Kudlow Says Trump “Not Retreating On China”  – Zerohedge
We’re probably at peak housing. Here’s what that means – Marketwatch
WTI Spikes Above $72 After Biggest Crude Draw Since Sept 2016 – Zerohedge
Beijing ‘closely watching’ Donald Trump’s plan to restrict Chinese investments – scmp
Core Durable Goods Slump In May As Capital Spending Proxy Disappoints  – Zerohedge
Trump Decides Against Harshest Measures on China Investments – Bloomberg

Hedge Fund Managers See Echo of Past Crashes in Markets – Bloomberg
China think tank warns of potential ‘financial panic’ in leaked note – scmp
Automakers to Trump: Tariffs will drive up auto prices and cost thousands of jobs – cnbc
Global Markets Slide As Trade Fears Return: China Bear Market Deepens, Deutsche Hits Record Low – Zerohedge
Morgan Stanley Sees ‘Rolling Bear’ Reaching High-Quality Stocks – Bloomberg
BOJ is top-10 shareholder in 40% of Japan’s listed companies – asianikkei
China is languishing in bear market territory amid ‘worrisome’ trade news – cnbc
China H Shares, Once World’s Hottest, Tumble Into Bear Market – Bloomberg

CNY: A trade war weapon – Nomura – forexlive
China guides yuan to six-month low against dollar – Marketwatch

 

 

 

Tuesday 06/26

Chinese stocks enter bear market as trade war tensions grow – business live – guardian

Automakers to warn Trump of $45 billion higher vehicle costs if tariff imposed – Reuters
Canada’s Biggest Steelmaker Sees Layoffs From U.S. Tariffs – Bloomberg
‘Outright Bear’ Ahead for Emerging Markets, Morgan Stanley Says – Bloomberg

U.S. tariffs funnel Asian steel to Canada’s oil industry – Reuters
Goldman Gauge of U.S. Financial Health Flashes Warning on Risk  – Bloomberg
Oil is rallying after the State Department says all countries must send Iran oil imports to zero by November – businessinsider

US Banks Are Down 12 Days In A Row – The Longest Losing Streak In History – Zerohedge

Global Trade Stumbled Even Before Trump Upped the Ante: Chart – Bloomberg

What is most important this week? – Nordea Markets – forexcrunch
Intel shares slide after Bernstein downgrade – cnbc
BofA Shows The Staggering Amount Of Stock It Bought Back For Clients – Zerohedge
Auto dealers are selling fewer new cars. Here’s why the industry isn’t nervous – cnbc
GE says it plans to ‘adjust’ the dividend after health-care spinoff – cnbc

‘Death cross’ forms in gold for first time since 2016, even as stock market slumps – Marketwatch

Yuan Fixing Today May Be Sign China Is Wary of Slump, RBC Says – Bloomberg
Asia Junk Bond Rout Divides Veterans on $121 Billion Market – Bloomberg
GSAM’s Patel Says Trade War Risks Now More Than Just Talk – Bloomberg
Chinese Stocks Poised to Enter Bear Market – Bloomberg
Global stocks fall as trade row intensifies, dollar wobbles – Reuters
Here’s why ‘FAANG’ stocks could actually be hurt by a trade war – businessinsider
GE’s exit from the Dow will change the index’s calculation in an important way – Marketwatch
Morgan Stanley says rates are done going higher: ‘That’s right, 3.12 percent was it’ – cnbc

 

 

Monday 06/25

Trade war fears hit markets as Trump threatens China investments – business live – guardian

Nomura: Here Is The Real Reason Behind The “Global Growth Scare” – Zerohedge
China Begins to Question Whether It’s Ready for a Trade War – Bloomberg
UBS Sees a Big Emerging-Market Rebound In the Second Half – Bloomberg
A $525 billion German banking behemoth wants to use robots to write its research reports – businessinsider
Big spenders: S&P 500 stock buybacks set record in 1Q – ap
Tariff Threats Spark Record Emerging Market Equity Outflows – Bloomberg

Intel downgraded due to ‘lack of leadership’ after CEO resignation; shares fall – cnbc

Goldman Sachs Says U.S. Oil Drama Trumps OPEC’s Vienna Chaos – Bloomberg
Harley-Davidson warns European tariffs will cause a ‘tremendous cost increase’ (HOG) – businessinsider
OPEC’s Newest Member May Boost Output as Much as 65% This Year – Bloomberg
Global Trade Concerns Spur a Correction for Singapore Equities – Bloomberg
Key Events This Week: PCE, Durables, And The EU Summit – Zerohedge
‘PAYBACK’: JP Morgan explains why 2018 hasn’t gone to script for financial markets – businessinsider
BOJ should continue powerful easing, guard against side effects: June meeting summary – Reuters