TOP MARKETS NEWS: Week 07/11 – 07/17

July 10, 2022
  

Weekend 07/16 & 07/17

Investors Should Turn to Short-Term Bonds, DWS’s Bianco Says – bbg
Supply Chains Inching Back to Normal Brace for Headwinds of Softer Demand – bbg
G-20 meeting ends without full consensus; food security and inflation top agenda at Bali meeting – cnbc
Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears – cnbc
Gazprom Requests Siemens to Provide Papers on Gas Turbine Return – bbg
Recession fears loom over U.S. value stocks – Reuters

 

 

Friday 07/15

China slowdown adds to global economy fears, and European car sales plunge – business live – guardian

Dow pops more than 600 points in relief rally Friday but closes with weekly losses – cnbc
Fed’s Broad-Based Inflation Expectations Index Rises to Record – BBG
Fed’s Bullard Favors Raising Rates to 3.75% to 4% Range in 2022 – bbg
Oil rises 2% as no immediate Saudi output boost expected – Reuters
The big default? The dozen countries in the danger zone – Reuters
‘Old Fashioned’ US Recession Is Looming, State Street’s CEO Says – bbg
Stocks making the biggest moves midday: Citigroup, Wells Fargo, Pinterest and more – cnbc
Americans’ medium-to-long term inflation expectations retreat in July, U.Michigan says – sharecast
U.S. consumers’ inflation expectations ease in July – U. Mich – Reuters
Citigroup shares surge on profit beat, core business strength – Reuters
Citigroup tops profit estimates as bank benefits from rising interest rates, shares surge 13% – cnbc
Wells Fargo profit falls as the bank sets aside funds for bad loans, company’s shares drop – cnbc
UnitedHealth Delivers Healthy Q2 Results – tipranks
Uniper Starts Using Winter Gas With Urgent Bailout Needed – bbg
Slowdown In Money Creation Could Be Another Recession Signal – Zerohedge
Copper Selloff Deepens, Drops Below $7,000 First Time Since 2020 – bbg
EU to adopt on Friday new Russia sanctions, tweaks to avert food shortages – sources – Reuters
Europe Car Sales Slump to Worst June in Decades on Supply Issues – bbg
Chinese markets are mixed after China’s GDP misses expectations, retail sales grow – cnbc
“The Damage Could Be Huge”: Chinese Banks Tumble, Swept Up In Mortgage Nonpayment Scandal As Borrowers Revolt – Zerohedge
Goldman Cuts China’s Growth Forecast to 3.3% After Weak GDP Data – bbg
China Needs More Stimulus to Offset Growth Slump, Economists Say – bbg
China’s Economy Expands at Slowest Pace Since Wuhan Outbreak – bbg
China’s GDP growth misses expectations in the second quarter – cnbc

Thursday 07/14

Business Live – guardian
Bond Investors Bet the Recession Trade Is Just Getting Started – bbg
BofA Capitulates, Slashes S&P Target To Street Low 3,600 As Recession Unfolds; Warns Of Drop To 3,000 – Zerohedge
Iconic Fed Analyst Calls It: Powell Will Be Forced To End QT Much Sooner Than Expected – Zerohedge

Banks Dump, Bitcoin Pumps, Bullion Slumps As Inflation-Recession Battle Builds – Zerohedge
Dow falls 142 points as Wall Street weighs more aggressive Fed, disappointing bank earnings – cnbc
Italian PM Mario Draghi says he will resign as Rome’s coalition government collapses – cnbc
Fed’s Waller Backs 75 Basis-Point Rate Hike in July After Disappointing CPI Data – bbg
Stocks making the biggest moves midday: JPMorgan Chase, Goldman Sachs, Conagra Brands and more – cnbc
IMF Urges China to Boost Stimulus, Adjust Covid Steps to Counter Slowdown – bbg
There Won’t Be Enough Copper to Meet Climate Goals – bbg
German Economy Is ‘Moving Into Recession,’ Deutsche Bank Says – xtrading
European markets close lower as traders assess inflation; Italy’s FTSE MIB down 3.3% – cnbc
Recession Fears Crash Strongest-Looking Oil Market in Years – bbg
Fertilizer Crisis Shrinking Crops in Eastern Europe Could Worsen – bbg
The Bond Market Selloff in Historical Perspective – libertystreeteconomics
Grain Fields Aflame Are the Latest Threat to Ukrainian Farmers – bbg
Producer Price Inflation Unexpectedly Surges Back Near Record Highs In June – Zerohedge
OPEC Faces a Near-Impossible Production Task in 2023 – bbg
Wholesale prices shoot up near-record 11.3% in June on surge in energy costs – cnbc
US Jobless Claims Rise to Highest Since November in Holiday Week – bbg
Futures Tumble As Dollar Hits Record High; JPM, Morgan Stanley Slide – Zerohedge
Stocks making the biggest moves premarket: JPMorgan, Taiwan Semiconductor, Ericsson and more – cnbc
JPMorgan Credit Costs Hit $1.1 Billion as Dimon Predicts Turmoil – bbg
JPMorgan Tumbles After Revenue Miss, Buyback Suspension, Dire Outlook From Jamie Dimon – Zerohedge
JPMorgan Halts Share Buybacks as Earnings Miss Analyst Estimates – bbg
JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybanks – cnbc
Morgan Stanley Misses Estimates as Investment Banking Slumps – bbg
Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue – cnbc
Europe’s Price Shock Will Last Longer With Less Growth, EU says – bbg
Morgan Stanley Strategists See European Profit Cuts Accelerating – bbg
All Crisis Scenarios Lead to Rome as ECB Starts Raising Rates – bbg
Recession Fears Drive Bond-Fund Playbooks in Emerging Markets – bbg
China’s Budget Deficit Widens 600% as Pandemic Cuts Revenue – bbg
Chip giant TSMC warns of ‘excessive inventory’ at clients – asianikkei
TSMC Profit Beats Estimates in Sign of Strong Tech Demand – bbg
Tokyo Raises Covid Alert to Highest Level as Cases Surge Again – bbg
Hong Kong’s Hang Seng falls while Asia markets trade higher; Singapore tightens monetary policy – cnbc

 

Wednesday 07/13

Business Live – guardian
The Flood Begins: Bank Of America Now Forecasts “Mild Recession” Starting In Second Half Of 2022 – Zerohedge

Dow slides 200 points, stocks dip as inflation hits highest level since 1981 – cnbc
Fed’s Bostic Says June CPI Concerning, ‘Everything in Play’ – bbg
Stocks Need to Fall More to Price In the Hit of a US Recession – bbg
Bear Case Is Now Base Case for Strategist Cutting S&P 500 Forecast – bbg
Soaring US Inflation Hits Factory Workers, Spelling Danger for Democrats in Midterms – bbg
Central Banks Rush to Quell Inflation Crisis They Helped Create – bbg
Inflation reaches highest level since 1981: ‘We don’t see relief in sight,’ says economist – cnbc
3 reasons why we’ve had the opposite response in US 10-year yields to this CPI report – FOREXLIVE
Foreign Central Banks Call The Top In Yields With Record Indirects In Stellar 30Y Auction – Zerohedge
Stocks making the biggest moves midday: Twitter, Unity Software, Delta Air Lines and more – cnbc
Unity to Buy IronSource in $4.4 Billion Deal to Boost Ad Tech – bbg
New Job Openings Drop In 47 States, Nationally Down 17% – Zerohedge
Bank Of Canada “Front Loads” Tightening, Shocks Market With 100bps Rate-Hike – Zerohedge
Bank Of America Becomes Latest Financial Institution To Forecast Recession – forbes
A Mild US Recession Is Coming This Year, Bank of America Economists Say – bbg
Wall Street Reacts To Today’s Shocking CPI Print – Zerohedge
IMF Warns It Will Cut Global Growth Forecast Again With ‘Darkened’ Outlook – bbg
Stocks making the biggest moves premarket: Delta Air Lines, Twitter, Snap and more – cnbc
Hard Times for Stock Pickers as Quants Roar Back, Bernstein Says – bbg
Short Seller Hindenburg Research Accumulates “Significant” Long Position In Twitter – Zerohedge
European Stocks Dealt Fresh Blow as Euro Slips to Dollar Parity – bbg
Fed Swaps Price In One-in-Three Chance of Full Point July Rate Hike – bbg
Biden Calls Shock Inflation Report ‘Out of Date’ Due to Declining US Gasoline Prices – bbg
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify – cnbc
Rents in US Rise at Fastest Pace Since 1986, Buoying Inflation – bbg
US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month – Zerohedge
Green Tech Boom Threatened as Solar Prices Surge to Decade High – bbg
Futures Grind Higher With All Eyes On Red-Hot CPI – Zerohedge
EU Plans Steps to Cushion Impact of Sudden Russian Gas Halt – bbg
Delta’s Profit Miss Signals Cost-Increase Spiral for US Airlines – bbg
Container Rates Slump As “Bullwhip Effect” Enters Terminal Phase – Zerohedge
Germany in Talks With Shell for LNG to Replace Russian Supplies – bbg
Russia Earns More Despite Lower Oil Exports in June, IEA Says – bbg
Oil Prices Threaten Economy as Demand Growth Slows, IEA Says – bbg
Deutsche Bank Says Weak US Corporate Earnings Largely Priced In – bbg
European markets set for lower open as investors brace themselves for U.S. inflation data – cnbc
Beijing Scraps China’s First COVID Vaccine Mandate In Just 48 Hours After Furious Social Response – Zerohedge
PBOC Sees Liquidity More Than Ample in Sign of Unlikely Rate Cut – bbg
Tianqi Lithium plunges in market debut as Asia stocks mostly rise; two central banks raise rates – cnbc
Shanghai Covid Cases Plateau as People Urged to Stockpile Food – bbg
China’s Trade Surplus Hits Record After Shanghai Reopens – bbg
Bank of Korea Joins Jumbo Hikers as Inflation Fight Heats Up – bbg


Tuesday 07/12

Business Live – guardian

The Global Energy Crisis May Get Worse, IEA’s Birol Warns – bbg
Oil slides on strong dollar and weaker demand outlook – cnbc
IMF Chief Warns of Debt Crisis as Higher Rates Follow Covid, War – bbg
Markets Plan Doomsday Scenarios If Russia Turns Off the Gas – bbg

June Inflation Report Online Is a Fake, Bureau of Labor Statistics Says – bbg
IMF Cuts US Growth Forecasts Raises Jobless Estimates on Inflation Risks – bbg
‘Fake CPI’ Report Spooks Stocks; Yield Curve Inverts, Crude Crashes On Stagflation Scares – Zerohedge
Dow drops more than 100 points, stocks fall ahead of key inflation report – cnbc
The World Braces For Europe’s July 22 “Doomsday” – Zerohedge
Bill Gross Blasts “Ignorant” Fed For Enabling “Global Supernova”, Says Hike Rates ASAP, But… – Zerohedge
OPEC Remains 1 Million Barrels/Day Below Target – Zerohedge
OPEC’s First 2023 Outlook Shows No Relief for Oil Market Squeeze – bbg
WHO Chief Warns of Rising Infections, Deaths From New Covid Wave – bbg
Stocks making the biggest moves midday: Gap, Peloton, Boeing, American Airlines, Twitter and more – cnbc
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns – Zerohedge
Spain to Impose Exceptional Tax on Banks, Prime Minister Says – bbg
There’s No US Recession Until an Obscure Panel of ‘Eggheads’ Says It Is So – bbg
European stocks close higher as euro hovers close to dollar parity; EDF shares up 6% – cnbc
French Heat and Drought Shrinks Wheat Harvest in Key EU Exporter – bbg
Fed, ECB to begin rate cuts as soon as middle of next year – Nomura – forexlive
Millions of Americans Regret Quitting in the Great Resignation – bbg
Futures, Yields, Oil And Gold Slide As German Confidence Plummets To 2011 Lows, Euro Hits Parity – Zerohedge
PepsiCo Boosts Outlook as Consumers Keep Buying Despite Inflation – bbg
PepsiCo raises revenue outlook after sales and profit top expectations – cnbc
Wall Street Traders Set for $27.8 Billion Haul From Wild Markets – bbg
Germany Plans “Warm Up Spaces” In Response To Gas Shortages – Zerohedge
Heathrow Asks Airlines to Stop Selling Seats to Ease Staff Woes – bbg
Euro Tumbles To Dollar Parity For First Time Since 2002 – Zerohedge
German Investor Confidence Sinks to Worst Since Debt Crisis – bbg
Europe holds its breath as Putin shuts off the gas – dailymail
Europe On High Alert: July Shutdown Of Nord Stream Pipeline Has The EU Worried – Zerohedge
European Gas Futures Gain Amid Deeper Norwegian Supply Cuts – bbg
UK Recession Threat is Now Almost 50-50 for Economists – bbg
EDF Jumps on Report France to Pay 8 Billion Euros to Nationalize – bbg
Goldman Cools on Copper as Europe’s Energy Woes Threaten Demand – bbg
China Developers Suffer Broad Bond Selloff Amid Lockdown Fears – bbg
Top Performing Emerging Market Fund Sounds Alarm on Debt Defaults – bbg
European markets head for another negative open as investors await inflation data – cnbc
Global Bonds Rebound as Growth Fears Overwhelm Inflation Nerves – bbg
JPMorgan’s Kolanovic Hedges Risk-On Wager, Cuts Corporate Debt – bbg
China Credit Growth Explodes To 4th Highest Ever In June… It’s Still Not Enough – Zerohedge
China Locks Down Wugang City For Three Days on One Covid Case – bbg
Japanese stocks lead losses in Asia as risk-off sentiment takes hold – cnbc
China’s Imports of Key Commodities Set to Make a Patchy Recovery on Growing Mobility – bbg
China Tech Stocks Drop on Regulatory Fines, Broad Sector Decline – bbg
China to Advance Repayments for Customers in Biggest Bank Scam – bbg
Anger in Shanghai as Covid’s Return Spurs Fears of New Lockdown – bbg

 


Monday 07/11

Business Live – guardian
Macau Orders All Casinos Shut Amid City’s Biggest COVID Surge Yet – Zerohedge
Prepare for the U.S. dollar hit on S&P 500, big tech earnings – cnbc

S&P 500 loses 1%, Nasdaq breaks 5-day win streak ahead of earnings season – cnbc
Stock Drubbings Finally Convince Holdout Analysts to Get Real – bbg
Peter Schiff: This Won’t Be A Short Shallow Recession – Zerohedge
Texas grid operator tells residents to curb power as heat hits record highs – cnbc
Global Investors Dump Bonds of Chinese Banks That Lent Heavily to Russia – wsj
Musk’s Debt Bankers Would Avoid Steep Losses If Deal Falls Apart – bbg
One Bank Warns To Brace For A “Huge” CPI Surge, But It’s All Downhill From There – Zerohedge
Rivian planning layoffs that could target about 5% of staff, report says – cnbc
Homebuyers are canceling deals at the highest rate since the start of the pandemic – cnbc
Eurogroup, 11 July 2022 – europa
From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it – cnbc
Leveraged ETFs Betting Against US Stocks Draw in $1.4 Billion – bbg
Stocks making the biggest moves midday: Twitter, Wynn Resorts, Lululemon, Nio and more – cnbc
BlackRock: Don’t BTFD! – Zerohedge
BlackRock Warns Against Dip Buying as High-Volatility Era Dawns – bbg
Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades – cnbc
Bill Gross Sees T-Bills Trumping Stocks, Bonds as Recession Looms Large – bbg
Cash-Like ETFs Are Finally Paying Pennies Again – bbg
Russia’s War Machine Still Getting Plenty of Cash From Oil – bbg
Credit-Card Data Point to Weak US Consumer in June, Lenders Say – bbg
Inflation Expectations Three Years Out Ease to 3.6%, NY Fed Survey Shows – bbg
Inflation Expectations Increase at Short Term, But Decline at Medium and Longer Terms; Home Price Growth Expectations Decline Sharply – nyfed
Goldman Repeats ZeroHedge Analysis, Concludes “A Labor Market Slowdown Is Well Underway” – Zerohedge
US Payroll Gains Overstate Job Growth, Goldman’s Hatzius Warns – bbg
Key Events This Week: CPI, PPI And The Start Of Q2 Earnings Season – Zerohedge
Bitcoin Miners Shut Off Rigs as Texas Power Grid Nears Brink – bbg
Summer Blackout Fears Fuel 300% Jump in Gauge of US Power-Plant Profit – bbg
Fed’s George Warns Raising Rates Too Fast Risks ‘Oversteering’ – bbg
Euro Plunges to Fresh Two-Decade Low as Dollar Runs Rampant – bbg
Stocks making the biggest moves in the premarket: Twitter, Wynn Resorts, Las Vegas Sands and more – cnbc
Futures Slide On Renewed China Covid Lockdown Fears As Traders Brace For Q2 Earnings, Red Hot CPI – Zerohedge
European markets set to slide at the open as investors prepare for more U.S. inflation data – cnbc
Hong Kong’s Hang Seng index down around 3% as heavyweights Tencent, Alibaba plunge – cnbc
Chinese bank depositors face police in angry protest – asianikkei
Protesters demanding frozen millions from Chinese banks face rough-handling in tussle with security – abc

The mystery of how quantitative tightening will affect markets – ft
Michelin CEO Sees Mild Recession, Car Market Rebound by 2024 – bbg
S&P 500 LIKELY TO REPORT EARNINGS GROWTH BETWEEN 9% AND 12% FOR Q2 2022 – facteset
Is a Recession Coming? Investors Turn to Earnings for Clues – bbg
Fed Braces as Another Big US Inflation Number Looms: Eco Week – bbg
Another hot inflation report and the start of earnings season make for a challenging week ahead – cnbc

previous week – notes

Are We There Yet? What Do Payrolls Tell Us About The Timing Of The Next Recession – Zerohedge
AOK boss Reimann warns of contribution shock: “Cash registers are empty” – newsingermany
Citi Joins Man Group and PineBridge as Bullish on China Stocks – bbg
Stock Faithful Revive Prayers That All the Bad News Is Priced In – bbg
Nasdaq rises for fifth-straight day after strong jobs report as Wall Street notches winning week – cnbc
Big payroll gains push recession fears into the corner — for now – cnbc
Banks line up for French state buyout of EDF – ft
Why Next Week Will Be Decisive For U.S. Markets In 2022 – investing
Historic cascade of defaults is coming for emerging markets – BBG

 

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