TOP MARKETS NEWS: Week 07/18 – 07/24

Weekend 07/23 & 07/24

Energy & Precious Metals – Weekly Review and Outlook – investing
Favored Emerging-Market Trade Loses Luster on Recession Fears – bbg
Rabobank: Welcome To Europe’s New (Ab)normal – Zerohedge
Fed to Inflict More Pain on Economy as It Readies Big Rate Hike – bbg
Bond Sales to Taper Ahead of Rate Hike: U.S. Credit Week Ahead – bbg
JPMorgan’s Michele Says Bonds Have Recession ‘Priced In’ – bbg
Citi’s Contrarian View on China: ‘Economy Is Turning the Corner’ – bbg
Biggest Oil Stock ETF Sees Short Sellers Unwind Bets After Rout – bbg
US Growth Is Looking Sickly as Fed Keeps Hiking Rates: Eco Week – bbg
Markets face what could be the most important week of summer with Fed, earnings and economic data – cnbc
S&P 500 EARNINGS SEASON UPDATE: JULY 22, 2022 – factset


Friday 07/22

Business Live – guardian
SPX posts best week in a month, despite Friday’s losses, ahead of FOMC and Big Tech reports – Newsquawk US Market Wrap

Bonds & Bitcoin Soar On Week As Dismal Data Drives Dovish Dive In Rate-Hike Odds – Zerohedge
S&P 500 sheds nearly 1% Friday on Snap-led tech sell-off, but finishes higher on week – cnbc
Public Pensions Face Worst Funding Decline Since Great Recession – bbg
Stocks making the biggest moves midday: Snap, American Express, Verizon, Seagate and more – CNBC
US PMI Crashes Into Contraction In July: “A Worrying Deterioration In The Economy” – Zerohedge
China’s Keda Industrial Kicks Off Landmark Zurich GDR Sale – bbg
Stocks making the biggest moves premarket: American Express, Verizon, Schlumberger and more – cnbc
Futures Rally Fizzles After Volley Of Disappointing Earnings And Economic News – Zerohedge
Ukraine Downgraded by Fitch as ‘Default-Like’ Process Begins – bbg
Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid – cnbc
BofA Sees UK Recession in 2023 On Higher Inflation and Rates – bbg
Global Money Trickles Back Into Most Unloved Asian Stock Markets – bbg
Germany Bails Out Uniper in Fallout From Russian Gas Squeeze – bbg
German Government Bails Out Uniper From Energy Crisis – Zerohedge
Europe’s banks brace for bumpy ride after cheap money decade – Reuters
PMIs Signal Eurozone Recession Day After First ECB Rate-Hike In 11 Years – Zerohedge
BofA Says Stock Outflows Are Yet to Reflect Investor Pessimism – bbg
Eurozone: PMI drops below 50 in July, confirming recession worries – ing
Eurozone falls into contraction in July, price pressures ease but remain elevated – spglobal
German Economic Activity Unexpectedly Shrinks on Inflation – bbg
GERMANY: Flash PMI data indicates contraction of activity as downturn gathers pace – spglobal
Goldman, UBS Now See Worst Year for Europe Stocks Since 2008 – bbg
European stocks head for lower open as investors track monetary policy, earnings – cnbc
China Bulls Say July’s Slide Is a Blip as Worst Over for Stocks – bbg
Citi Contends China’s Economy Is Actually ‘Turning the Corner – telegraph
Asia-Pacific markets mixed as inflation in Japan inches up – cnbc
Japan to lower growth forecast for fiscal 2022 to around 2% – asianikkei


Thursday 07/21

Business Live – guardian
Duration/tech rally after poor US data offsets ECB’s hawkish hike – Newsquawk US Market Wrap – newsquawk
Lagarde Bids for ECB to Defy History With Third-Time-Lucky Hike – bbg

SNAP Craters 25% After Reporting Weakest-Ever Growth, Removes Q3 Guidance, Drags Down All “Socials” – Zerohedge
Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring – cnbc
Bonds & Big-Tech Surge As Ugly Data Hammers Rate-Hike Hopes – Zerohedge
Nasdaq surges more than 1% in third straight positive session as Tesla shares pop – cnbc
Chip Stocks Snap Back as Demand Grows for Phones, Electronics – bbg
Stocks making the biggest moves midday: Danaher, Tesla, AT&T and more – cnbc
Philadelphia Fed Factory Outlook Falls to Lowest Since 1979 – bbg
ECB Hike Showcases the Death of Central Banks’ Forward Guidance – bbg
The ECB has appointed itself as the arbiter of government fiscal policy – forexlive
Euro Tumbles, Spreads Blow Out As Market Realizes ECB’s TPI Is Just Another Useless Word Salad – Zerohedge
ECB Watch: The surprising end of negative rates – nordea
More news from the ECB press conference after first rate hike since 2011 – ing
ECB publishes Transmission Protection Instrument guidance – forexlive
Here’s a Closer Look at the ECB’s New Anti-Fragmentation Tool – bbg
European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years – cnbc
Stocks making the biggest moves premarket: AT&T, DR Horton, Travelers and more – cnbc
Futures Fade Ahead Of ECB Decision During “Extremely Eventful Day” For Europe – Zerohedge
Amazon Gets ‘Whole Foods of Primary Care’ With One Medical Deal – bbg
Tesla shares jump on second-quarter report that was better than analysts feared – cnbc
Italy Set for Early Vote on Sept. 25 After Draghi Resigns – bbg
AT&T shares fall after company says later payments, higher spending are hurting cash flow – cnbc
Apple Can Hit $3 Trillion on Services Shift, Morgan Stanley Says – bbg
Traders Are Predicting Losses in UK Markets If Liz Truss Wins – bbg
China Regulator Vows to Ensure Stalled Home Builds Are Completed – bbg
Russia Moves to Annex Occupied Ukrainian Land by September – bbg
ADB Cuts Asia GDP Forecast as China Sticks to Zero Covid – caixinglobal
The Era of the Single-Stock ETF Has Arrived – bbg
Covid Supply Chain Chaos Is Just a Dress Rehearsal for What’s Next – bbg
Traders Are Hedging Risk Italy Leaves Euro After Draghi Resigns – bbg
Mario Draghi Resigns as Italy’s Prime Minister – bbg
The European Central Bank could be about to go big on its first rate hike in 11 years – cnbc
A Third of UK Homes Seen Falling Into Energy Poverty by October – bbg
Ukraine Devalues Hryvnia to Plug Drain on Foreign Reserves – bbg
Nokia 2Q Profit Beats Estimates in Growing Market for 5G Gear – bbg
European markets head for lower open, anticipating first ECB rate hike in over a decade – cnbc
ECB to Finally Join Global Rate-Hike Club: Decision Guide – bbg
European Gas Prices Fall as Nord Stream’s Restart Brings Relief – bbg
Nord Stream 1 resumes gas flows from Russia to Europe after fears of complete cutoff – cnbc
Japan’s Nikkei rises modestly after Bank of Japan keeps rates on hold; Asia markets mixed – cnbc
BOJ Holds Firm, Putting Growth Fears Ahead of Weak Yen – bbg

Chinese Firms Plan Swiss Share Sale Launch This Week, Sources Say – bbg
China to Repay More Victims Next Week in Biggest Bank Scam – bbg
China deploys tanks to prevent people from withdrawing money from crisis-hit banks; grim reminder of Tiananmen Square incident – et
Overseas Funds Cut China Sovereign Bonds for Record Fifth Month – bbg
Warnings of Sovereign Defaults in Asia Frontier Markets Flare Up – bbg

 


Wednesday
 07/20

Business Live – guardian
Senate advances more than $50 billion bill to boost U.S. semiconductor production – cnbc
Bank Relief From ECB Rate Hike Spoiled by Threat of Windfall Tax – bbg

Stocks making the biggest moves after hours: Carnival, United Airlines, Las Vegas Sands and more – cnbc
United Airlines posts profit on travel surge but holds back on flight growth – cnbc
Alcoa Jumps After Quarterly Profit, Sales Top Analyst Estimates – bbg
Bitcoin Erases Gains After Tesla Discloses Second-Quarter Sales – bbg
Tesla Pumps And Dumps After Earnings Beat; Sells 75% Of All Bitcoins – Zerohedge
Tesla grows revenue 42%, but automotive margins decline – cnbc
Stocks rise, fueled by tech rally, as all major averages touch highest since early June – cnbc
What The Reopening Of Nord Stream 1 Means For Europe – Zerohedge
Calpers Logs Decade-Worst 6.1% Loss as Stocks and Bonds Dive – bbg
Europe’s Power Crunch Cuts Zinc and Aluminum Capacity in Half – bbg
Stocks making the biggest moves midday: Netflix, Las Vegas Sands, Bath & Body Works and more – cnbc
Bitcoin Short-Seller Profits Jump by 50% in June Amid Meltdown – bbg
Car Market Outlook: Recovery Postponed Again – ing
What to Watch for When ECB Unveils Its Anti-Fragmentation Tool – bbg
Americans Are Buying Fewer Staples as Inflation Crimps Budgets – bbg
Record Central Bank Profit to Help Polish Households Buy Coal – bbg
Euro-Zone Consumer Confidence Plunges to Lowest Level on Record – bbg
Almost 5% of German Economy at Risk Over Russian Gas, IMF Warns – bbg
Stocks making the biggest moves premarket: Baker Hughes, Biogen, Netflix and more – cnbc
US Futures Rally Reverses After Europe Proposes Cuts To Nat Gas Consumption – Zerohedge
EU Seeks 15% Cut In Gas Consumption, Including Mandatory Limits In Supply Emergency – Zerohedge

 

 

Tuesday 07/19

Business Live – guardian

Netflix Surges After Smaller Than Expected Subscriber Loss, Warns Soaring Dollar Is Hammering Results – Zerohedge
Bitcoin, Brent, & Big-Tech Bid As Putin-Promises Trumped Piss-Poor Permits – Zerohedge
Lagarde Redoubles ECB Push on Bond Tool to Reach Deal This Week – bbg
Biggest Wall Street Bear Turns Bullish After “Record Pessimism”, “Full Investor Capitulation” – Zerohedge
Gas Crisis May Force Fertilizer Giant Yara to Further Cut Output – bbg
Futures Jump, Dollar Slides As Euro Surges On Hawkish ECB Report – Zerohedge
Europe’s Heat Wave Starts to Hamstring Its Energy Infrastructure – bbg
Big Yen Short Is Over for Global Traders Even as Tokyo Piles In – bbg
Italy’s crisis comes at an excruciating moment for the eurozone – telegraph
Santander UK Raises Pay for 60% of Staff to Help With Inflation – bbg
Sharp Drop for Euro-Zone Inflation in 2023 Looks Likely – bbg
Citi’s Manthey Sees Europe Stocks Falling 10% If Russia Cuts Gas – bbg
European Commission Doesn’t Expect Russia to Restart Nord Stream – bbg
Macau to Reopen Casinos Saturday as Virus Cases Ebb, Reuters Reports – bbg
Asia-Pacific markets mostly lower after a positive start to the week – cnbc
China Covid Cases Jump to Almost 700 as Shanghai Widens Testing – bbg

 

Monday 07/18

Business Live – guardian

IBM Slides After Slashing Full Year Cash Flow Forecast – Zerohedge
IBM second-quarter results beat on top and bottom lines – cnbc
Brent, Bitcoin, And Bonds Bounce As Rotten Apple Wrecks Tech – Zerohedge
Dow sheds more than 200 points in late-day pullback as a busy week of earnings begins – cnbc
China Has Dumped Over $100 Billion Of US Treasuries In The Last 6 Months – Zerohedge
Quarles Says Fed Should Have Hiked Rates Before Taper Finished – bbg
Stocks making the biggest moves midday: Goldman Sachs, Delta, Boeing, Tesla and more – cnbc
Apple Sued Over Apple Pay, Accused of Antitrust Violations – bbg
Apple Plunge Drags Down Market After Reports Of Hiring & Spending Slowdown – Zerohedge
Apple Plans to Slow Hiring and Spending for Some Teams Next Year – bbg
Bank ETF Sees Record Outflow Streak as Recession Fears Mount – bbg
Homebuilder Confidence Collapses In July – Zerohedge
Stocks making the biggest moves in the premarket: Goldman Sachs, Synchrony Financial, Coinbase and more – cnbc
Futures Jump As Traders Scale Back Fed Hike Expectations As Economy Slumps – Zerohedge
Trader Behind Huge Fed Funds Wager Bags $14 Million in First Day – bbg
Goldman Sachs crushes analysts’ expectations on strong bond trading results – cnbc
Bank of America revenue tops expectations as lender benefits from higher interest rates – cnbc
Morgan Stanley’s Wilson Sees Stock Losses Even If No Recession – bbg
Gazprom Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely – Zerohedge
Gazprom Declares Force Majeure on Some European Gas Buyers – bbg
Russian Gas Supply Halt Risks 1.5% Cut to EU’s GDP in Worst Case Scenario – bbg
Europe Power Firms’ Debt Soars to $1.7 Trillion on Energy Crisis – bbg
European Gas Prices Jump as Heat Wave Boosts Cooling Demand – bbg
Key Events This Week: Is Europe About To Snap – Zerohedge
The ECB’s New Bond Tool May Be Tested Sooner Than Expected – bbg
Italy Enters Crunch Week With Draghi’s Government on the Brink – bbg
Nordea Bank Profit Beats Estimates as Lending Growth Continues – bbg
European markets head for cautiously higher open, continuing positive global trend – cnbc
Beijing Panics, Scrambles To Halt Mortgage Boycott By “Urging” Banks To Rush Developer Loans – Zerohedge
China Asks Banks to Fund Housing Projects Amid Mortgage Boycotts – bbg
Hong Kong stocks rise more than 2% as Asia markets gain; New Zealand inflation at 32-year high – cnbc
Goldman’s Oppenheimer Says Premature to Dismiss Inflation Fears – bbg
With Bearish Sentiment Off The Charts, $5.5 Billion In Daily Stock Buybacks Set To Flood Markets – Zerohedge

With Bearish Sentiment Off The Charts, $5.5 Billion In Daily Stock Buybacks Set To Flood Markets – Zerohedge