TOP MARKETS NEWS: Week 07/12 – 07/18

Friday 07/16

Business Live – guardian
Britain’s daily Covid cases breach 50,000 for first time since JANUARY – dailymail

Dow drops nearly 300 points on Friday, snaps 3-week winning streak – cnbc
Stocks making the biggest moves midday: State Street, Norwegian Cruise Line, iHeartMedia and more – cnbc
Rents are going through the roof across much of the U.S. – CBS
England’s lifting of Covid lockdowns is a danger to the entire world, experts warn – cnbc
US Retail Sales Surprise To The Upside After Big Downward Revision, Auto Sales Slump – Zerohedge
Futures Rebound As Op-Ex Gamma Trapdoor Looms – Zerohedge
European stocks muted as investors watch data, earnings and delta variant; Ericsson down 8% – cnbc
Goldman Sachs says Covid delta variant could ‘significantly’ hit growth in Southeast Asia – cnbc

Thursday 07/15

Business Live – guardian

S&P 500 closes lower as investors brush off better-than-expected earnings results – cnbc
Dollar Snaps Back Ahead of Retail Sales – bk
IRS sends Child Tax Credit payments to families of 60 million children – yahoofinance
Morgan Stanley Slides After FICC Misses Despite Investment Banking Boom – Zerohedge
Morgan Stanley earnings beat estimates as stock trading and investment banking top expectations – cnbc
MS 2Q21 earnings – ms
Insurer UnitedHealth raises 2021 profit view after results top estimates – cnbc
Bank of England warns it could step in to curb rising inflation – guardian
European markets pull back as investors look to data, earnings, Fed comments; Siemens Gamesa down 16% – cnbc
Daimler reports Q2 preliminary adjusted EBIT of $6.42 billion – Reuters
Chips Giant TSMC Reveals New US and Japan Factory Plans – af
Asian shares advance as China data better than feared – Reuters
Shares in Asia-Pacific mixed as China reports its economy grew in the second quarter – Reuters
China’s economic recovery loses some steam, investors eye more policy easing – Reuters


Wednesday 07/14

Business Live – guardian
Watch Live: Powell Pushes Back Against Tapering Talk – Zerohedge
Key Moderate Dems Not Yet On Board With $3.5 Trillion Spending Package – Zerohedge

Bonds, Bitcoin, Bullion, & Big-Tech Bid As ‘Powell Promises’ Purge PPI Panic – Zerohedge
S&P 500 ekes out small gain as the Federal Reserve stays the course with easy policy – cnbc
Beige Book: Majority Of Contacts Say Inflation Not Transitory Amid Record Shortages Of Everything – Zerohedge
Stocks making the biggest moves midday: Oatly, AMC, Lululemon, American Airlines and more – cnbc
USD Dollar Drops but Why Did NZD Rally and Not CAD? – bk
More Details Of Democrats’ Tax Hike Plans Emerge – Zerohedge
Bank of Canada Tapers Weekly QE To C$2BN, Sees Lift Off In “Sometime In Second Half Of 2022” – Zerohedge
Stocks making the biggest moves premarket: Bank of America, BlackRock, Delta, Peloton and more – cnbc
Futures Rebound As Apple Soars To All Time High; “Dovish” Powell On Deck – Zerohedge
Wells Fargo profit tops expectations with boost from release of money set aside for loan losses – cnbc
Citigroup beats analysts’ estimates for profit, helped by $1.1 billion boost from loans – cnbc
Bank of America shares fall after low interest rates squeeze second-quarter revenue – cnbc
US Producer Prices Soar At Record Pace In June – Zerohedge
Apple Targets 20% Increase In iPhone Production For Next Generation – Zerohedge
The ECB starts work on creating a digital version of the euro – cnbc
European markets inch lower after U.S. inflation report – cnbc
Inflation woes, travel stocks drag Europe shares lower – Reuters
UK inflation surges to 2.5%, highest in nearly 3 years – Reuters
Asia-Pacific stocks mostly fall after hotter-than-expected U.S. inflation report; New Zealand dollar jumps – cnbc
China stocks slip as RRR cut excitement fades, Sino-U.S. tensions weigh – Reuters
China’s bank regulator warns of rising bad loans due to uneven recovery – Reuters
Kiwi Surges After RBNZ Unexpectedly Ends QE Early Amid Inflation Angst – Zerohedge
New Zealand central bank ends bond purchases, paving way for possible rate hikes – Reuters
U.S. Senate Democrats agree to $3.5 trln for budget reconciliation bill – Reuters


Tuesday 07/13

Business Live – guardian

Raging Inflation Sparks Bond Bloodbath, Slams Stocks As Dollar Spikes – Zerohedge
Dow closes 100 points lower as hot inflation report overshadows strong earnings – cnbc
BofA: This Is The End Of The Used Car Price “Explosion”; Negative Payback Will Hammer Future CPI Prints – Zerohedge
Stocks, Bonds, & Bitcoin Slammed After Surging CPI; Dollar, Rate-Hike Expectations Spike – Zerohedge
Transitory? US Core Consumer Prices Are Rising At Fastest Pace In 30 Years – Zerohedge
Stocks making the biggest moves premarket: PepsiCo, JPMorgan, Boeing and others – cnbc
Volkswagen wants half of its vehicle sales to be electric by 2030 – cnbc
Goldman Reports Second Best Quarter In History As Advisory Surge Offsets Trading Slump – Zerohedge
Goldman’s earnings blow past estimates as investment banking revenue boosted by strong IPO market – cnbc
JPM Beats Thanks To $3 Billion Reserve Release But FICC Revenue Misses – Zerohedge
JPMorgan tops estimates after posting $2.3 billion benefit on better-than-expected loan losses – cnbc
Nokia expects to revise upwards its 2021 financial guidance – yahoofinance
European markets head for muted open ahead of big bank earnings – cnbc
Asia shares track Wall Street higher as investors await earnings – Reuters
China’s export growth quickens as global vaccinations, easing lockdowns lift demand – Reuters


Monday 07/12

Business Live – guardian

Big-Tech Bid, Bitcoin Bust As Bonds & The Buck Go Nowhere – Zerohedge
Dow jumps 120 points to close just shy of 35,000 on earnings optimism – cnbc
The Fed’s Complete Taper Timeline – Zerohedge
My Favorite Currency This Week – bk
El Salvador’s move to accept Bitcoin as legal tender could stress the blockchain – fortune
Stocks making the biggest moves midday: Capital One, Disney, Cheesecake Factory, Expedia and more – cnbc
Key Events This Busy Week: Inflation, Powell, China Data Dump And Earnings – Zerohedge
Asia shares relieved by mood shift, hurdles ahead – Reuters