Weekend 08/05 & 08/05
Top 5 things to watch in markets in the week ahead – investing
China Is Losing Out as Global Funds Chase Returns in Japan Stocks – bbg
US Inflation Data May Offer Some Comfort to the Fed – bbg
‘Tough Week’ Leaves Bond Traders Girding for Another Key Stretch – bbg
Major Shipper Maersk Warns Of Prolonged And Deeper Downturn In Global Trade – Zerohedge
Inflation Report, Bond Yields in Focus as U.S. Stocks Rally Pauses – Reuters
Friday 08/04
Wall Street Ends Lower After US Jobs Report; Apple Weighs – Reuters
Slowing job growth catalyses bond recovery while AAPL sinks stock market – Newsquawk US Market Wrap
Less Jobs, More Inflation: Stocks Puke, Oil Soars, Yield Curve Steepens – Zerohedge
S&P 500 and Nasdaq tumble for four straight days, notch worst weeks since March – cnbc
JPMorgan Raises US Economic Growth Estimate, No Longer Expects 2023 Recession – Reuters
Instant View: US Jobs Growth Stays Moderate in July, Wage Gains Still Strong – Reuters
Inside Today’s Disastrous Jobs Report: 1 Million Surge In Part-Time Jobs As Full-Timers Crash Amid Staggering Downward Revisions – Zerohedge
July Payrolls Miss Expectations At 187K, Follow Big Downward Revisions, But Unemployment Rate Drops And Earnings Come In Hot – Zerohedge
Futures Rally Fizzles As Apple Slides, Payrolls Loom – Zerohedge
Selloff in Long-Maturity Treasuries Squeezes Recession Wagers – bbg
Maersk Warns of Slower Demand for Container Shipping – Reuters
Stocks in Asia Face Mixed Open After US Bond Rout: Markets Wrap – bbg
PBOC Pledges More Financial Resources for Private Firms – bbg
Thursday 08/03
Usage Of Fed’s Emergency Bailout Facility Hits New High; Money-Market Inflows Continue – Zerohedge
Apple Slides On Weak iPhone Sales, Inventory Surge, 3rd Straight Quarter Of Declining Revenues – Zerohedge
Apple beats soft expectations driven by 8% services growth – cnbc
Amazon Soars After Smashing Expectations On AWS Strength, Guides Higher – Zerohedge
Amazon cloud revenue rise 12%, topping analysts’ estimates – cnbc
Amgen Quarterly Revenue Rises 6%, Profit Beats Street Estimates – Reuters
Airbnb reports continued deceleration in nights and experiences booked- cnbc
Wall Street Closes Near Flat as Treasury Yields Surge; Apple, Amazon to Report – Reuters
Bond rot continues as rates vol spikes and Dollar struggles into NFP – Newsquawk US Market Wrap
Bond Bloodbath Builds, Yield Curve Steepens, Black Gold Bounces Ahead Of Payrolls – Zerohedge
S&P 500 closes lower for a third day as rising bond yields pressure stocks – cnbc
Albemarle Jumps Into Global Race to Reinvent Lithium Production – Reuters
Stocks making the biggest moves midday: Southwest Airlines, Qualcomm, Roku, Clorox and more – cnbc
Bank of America Reversed Recession Call on Strong Jobs and Spending, CEO Says – bbg
US Factory Orders Surged In June, But… – Zerohedge
US Factory Orders Jump in June on Transportation Equipment Demand – Reuters
Services Surveys Signal Stagflation Threat Growing: Slowing Growth, Sticky Inflation – Zerohedge
US Services Sector Slows in July While Prices Pick Up, ISM Survey Shows – Reuters
US Service Sector Activity Expanded at Slower Pace in July – bbg
Global Shipping Costs Creep Higher After 16-Month Freefall – bbg
Saudis Extend 1 Million-Barrel Oil Cut, Say It Can Be Deepened – bbg
US Layoffs Fall to Lowest Level in Nearly a Year – Reuters
Jobless Claims Hover Near 6-Month Lows, Distortions Dominate – Zerohedge
US Initial Jobless Claims Tick Up, Still Near Lowest This Year – bbg
ConocoPhillips Misses on Profit, Hikes Full-Year Output Forecast – Reuters
Warner Bros Discovery Launches $2.7 Billion Buyback to Axe Debt – bbg
Warner Bros Discovery Beats Estimates on Streaming Losses – bbg
Moderna Raises Covid Shot Sales Guidance on Japan, US Contracts – bbg
Futures Slide Amid Global Selloff As Bond Rout Accelerates – Zerohedge
Analysis-Bank of England Offers ‘Something for Everyone’, Except Sterling – Reuters
BOE Hikes 25bps In Three Way Split, Keeps Forward Guidance For More Hikes – Zerohedge
BOE Raises Rates to 5.25% With Warning Policy Will Remain Tight – bbg
AB InBev Beats Estimates as Growth Abroad Offsets US Slump – bbg
Bud Light owner AB InBev beats forecasts in quarter dominated by boycott – cnbc
SocGen Beats in Lackluster Quarter for Trading Under New CEO – bbg
Societe Generale returns to profit, but comes under pressure in its home market – cnbc
Lufthansa Sees Third Quarter Profit Topping Pre-Pandemic Levels – bbg
ING Earnings Beat Estimates as Credit Provisions Decrease – bbg
Infineon Third-Quarter Sales Rise as Chipmaker Bets on Autos – bbg
Adidas Reports €400 Million in Yeezy Sales – bbg
BMW Raises Outlook for Vehicle Deliveries on Strong EV Demand – bbg
European Stocks Slide as Infineon’s Weak Outlook Weighs on Tech – bbg
European markets lower ahead of Bank of England rate decision – cnbc
Marketmind: Time for Tech – Reuters
Asia markets fall as Wall Street sees sell-off after U.S. credit downgrade – cnbc
China Services Activity Surprisingly Picks up in Private Survey – bbg
Asia Stocks to Fall as US Shares, Treasuries Drop: Markets Wrap – bbg
Wednesday 08/02
Business Live – guardian
Marketmind: Triple-A Headache – Reuters
Yields Surge After Treasury Boosts Auction Sizes More Than Expected, Sees Debt Issuance Tsunami On Deck – Zerohedge
Stocks making the biggest moves after hours: PayPal, Robinhood, Qualcomm, Clorox, DoorDash and more – cnbc
Qualcomm Forecasts Dull Fourth-Quarter Revenue on Weak Smartphone Demand – Reuters
Qualcomm Gives Weak Forecast, Signaling Phone Slump Will Drag On – bbg
Qualcomm sales and forecast come up light as smartphone chip sales fall 25% – cnbc
Albemarle boosts profit forecast on surging lithium demand, shares jump – Reuters
PayPal Sees Pressure on Margins With Loan Provisions Climbing – bbg
PayPal Forecasts Quarterly Revenue Above Estimates as Consumers Shrug Inflation Worries – Reuters
Occidental Petroleum Quarterly Profit Slumps on Lower Energy Prices – Reuters
Shopify Beats Quarterly Revenue Estimates – Reuters
Robinhood Revenue Rises, Boosting Shares – Reuters
US rating downgrade, hot ADP and disappointing AMD earnings weigh on sentiment – Newsquawk US Market Wrap
Banks, Bonds, Big-Tech, Black Gold, & Bullion Battered As Dollar Disregards Downgrade – Zerohedge
Nasdaq drops more than 2% in worst day since February as Fitch downgrade ignites selloff – cnbc
Fitch Downgrade Spotlights US Debt Worry as Recession Fear Fades – bbg
The Fitch analyst behind the U.S. downgrade breaks down the decision—and how the country can regain the top rating – cnbc
AMD Shares Fall as Analysts Worry AI Chip Targets May Be Ambitious – Reuters
Stocks making the biggest moves midday: SolarEdge Technologies, Humana, Starbucks, Robinhood and more – cnbc
U.S. Markets May Not See Lasting Impact From Fitch Downgrade – Reuters
US PREMARKET
BofA Global Research Raises US Growth Forecast on ‘Soft Landing’ Expectation – Reuters
Stocks making the biggest moves premarket: Match Group, CVS, SolarEdge and more – cnbc
“The Market Is Looking For Excuses To Take Profits”: Futures Slide As US Downgrade Shakes Sentiment – Reuters
CVS Health Begins Cost Saving Plan Ahead of Uncertain 2024 – Reuters
Ferrari’s Personal Touch on Cars Helps It Lift Forecasts – Reuters
Global Equities Enjoy Their Best Year-to-Date Gain Since 2009 – bbg
Treasuries Edge Up as Haven as Fitch Downgrade Spurs Volatility – bbg
Summers, El-Erian Pile Criticism on Fitch US-Downgrade Decision – bbg
US Credit Rating Downgraded From AAA by Fitch – bbg
Europe markets expected to open lower as investors digest earnings and U.S. rating downgrade – cnbc
Nikkei leads losses in Asia and falls over 2%; Hong Kong also selling off as Fitch downgrades U.S. – cnbc
China Moves to Roll Out Pro-Growth Policies as Economy Struggles – bbg
China’s Oil Demand May Have Peaked for 2023 in Blow to Bulls – bbg
Nomura Shares Tumble Most in Two Years After Profit Miss – bbg
BOJ’s Key Policy Architect Says YCC Shift Doesn’t Mean Exit – bbg
Treasury Futures Up, Dollar Slips on Fitch Fallout: Markets Wrap – bbg
Tuesday 08/01
AMD Gains After Chipmaker Tops Estimates, Makes AI Inroads – bbg
AMD revenue falls 18% as PC market shows continued weakness – cnbc
Pinterest Revenue Beats Estimates on Shopping Push – bbg
Pinterest expenses skyrocket during the second quarter – cnbc
MicroStrategy Returns to Profitability With Rebound in Bitcoin – bbg
Starbucks Revenue Misses Estimates as Its US Growth Slips – bbg
Starbucks beats earnings estimates, but sales disappoint despite China boom – cnbc
Cyclicals lag in risk-off trade in wake of soft data – Newsquawk US Market Wrap
S&P 500, Nasdaq Start August Lower Ahead of Busy Earnings Week – Reuters
Banks, Bonds, & Bullion Battered As Dollar Rips To Start August – Zerohedge
S&P 500 slips to kick off August, Dow notches small gain after touching highest level in over a year – cnbc
Oppenheimer Strategist Projects S&P 500 Will Eclipse Record High by Year End – Reuters
Stocks making the biggest moves midday: Coinbase, SoFi, DoorDash and more – cnbc
European Stocks Muted While UK Outperforms on HSBC, BP Earnings – bbg
JPMorgan’s Trading Desk Says Record S&P 500 ‘Feels Inevitable’ – bbg
Tupperware Pops with 800% Surge as Meme Trade Burns Shorts – bbg
Wheels Come Off The “Strong Jobs” Myth: Job Openings Drop To 2 year Low As Number Of Hires And Quits Plunge – Zerohedge
Job openings, layoffs declined in June in a positive sign for the labor market – cnbc
US Job Openings Fall to Lowest Level Since April 2021 – bbg
US Manufacturing Surveys Confirm Contraction; Employment Weakest Since COVID Lockdowns – Zerohedge
US Manufacturing Activity Contracts for a Ninth-Straight Month – bbg
US PREMARKET
Uber Shares Fall as Fears Over Lyft’s Pricing Eclipse First Operating Profit – Reuters
Uber shares drop after revenue miss, despite first operating profit – cnbc
Caterpillar’s 2023 Margin Forecast, Upbeat Results Send Shares to Record High – Reuters
Caterpillar Says China Demand Slowdown Even Worse Than Thought – bbg
Pfizer Misses Quarterly Sales Estimates, Lowering Outlook – bbg
Norwegian Cruise Sails South as Higher Costs Hit Q3 Profit Target – Reuters
Merck Raises 2023 Sales Forecast as Top Drugs Beat Street Estimates – Reuters
Futures Drop And Dollar Spikes As Bulls Get Cold Feet – Zerohedge
German Unemployment Falls Unexpectedly in July – Reuters
Euro Zone Factory July Activity Fell at Fastest Pace Since Onset of COVID -PMI – Reuters
BMW Warns About EV Production “Headwinds” As Tesla Price War Heats Up – Zerohedge
Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10% – cnbc
HSBC sees 89% rise in quarterly pre-tax profit, beating analysts’ expectations – cnbc
Exxon About To Become ‘Lithium Kingpin’? Talks Begin With Tesla, Ford, Volkswagen, Reports Say – Zerohedge
Marketmind: Testing the ‘Goldilocks’ View of the Global Economy – Reuters
ASIA NEWS
Asia markets mixed as private survey showed China’s factory activity fell in July – cnbc
Chinese EV maker Xpeng sees highest deliveries this year but is eclipsed by rivals Nio, Li Auto – cnbc
Wall Street Is Gaming Out Global Spillover Threat From BOJ Shock – bbg
Australia’s central bank leaves rates unchanged at 4.1% – cnbc
Toyota Profit Tops Estimates, Sticks to Full-Year Forecasts – bbg
Monday 07/31
Stocks making the biggest moves after hours: Yum China, Western Digital, ZoomInfo and more – cnbc
S&P 500, Nasdaq notch modest gains Monday, rise for the fifth straight month – cnbc
Hedge Funds ‘Throwing In Towel’ on Stocks as Rally Forces Unwind – bbg
Apple, Meta Hot Streaks Fuel Nasdaq 100’s July Rally – bbg
Traders Pay $200,000 a Day to Ship Gas as Tankers Become Scarce Ahead of Winter – bbg
Stocks making the biggest moves midday: SoFi, ON Semiconductor, Disney, Sweetgreen and more – cnbc
Disney Taps Two Former Executives to Help Sell ESPN Stake – bbg
US Banks Report Tighter Credit, Weaker Loan Demand -Fed Survey – Reuters
Fed Says US Banks Tightened Credit Further in Wake of Failures – bbg
US PREMARKET
Stocks making the biggest moves premarket: Hasbro, Adobe, GoodRx, SBA Communications and more – cnbc
Adobe Could Add Another 25% to Its Blistering Rally, Morgan Stanley Says – bbg
Euro-Zone Bounces Back From Economic Stagnation But Core Inflation Remains ‘Sticky’ – Zerohedge
Euro Zone Pulls Out of Dip With Higher Growth Than Expected – Reuters
Euro Zone Inflation Falls Further in Comforting Sign for ECB – Reuters
Heineken Lowers Earnings Forecast as Beer Consumption Drops – bbg
Goldman Upgrades Oil Demand Outlook as Market Tempers Growth Pessimism – Reuters
Citigroup Lifts S&P 500’s Year-End Target to 4,600 – Reuters
Morgan Stanley Strategists Say US Stocks Are in a 2019-Like Rally – bbg
Europe markets open lower as investors look to euro zone inflation data, Bank of England decision – cnbc
Marketmind: Wall St Shines, China Misses Again – Reuters
Marketmind: Beijing Stimulus Given Benefit of the Doubt – Reuters
ASIA NEWS
Asia markets rise as China’s factory activity contracts for fourth straight month – cnbc
Goldman, Morgan Stanley See BOJ Tweak Boosting Japanese Stocks – bbg
Explainer-After Surprise Tweak, What Now for BOJ’s Yield Curve Control? – Reuters
BOJ Minutes Show Kuroda’s ‘Shock and Awe’ Approach Wasn’t for Long-Term – bbg
Chinese Stocks Extend Rally as Optimism Builds Over Stimulus – bbg
Everything China Is Doing to Juice Its Flagging Economy – bbg
China to Announce More Measures to Boost Consumption – bbg
China Consumer Spending Slows, Reining In Growth, Survey Shows – bbg
China’s Manufacturing Keeps Shrinking, Weighing on Recovery – bbg
Contraction in China factory activity extends into a fourth month – cnbc
Asian Equities Set to Advance; Dollar Opens Lower: Markets Wrap – bbg
Five Key Charts to Watch in Global Commodity Markets This Week – bbg
Week Ahead Preview: BOE and RBA Meetings; US Employment Report; US Senior Loan Officer Survey; Eurozone Data; OPEC+ Vitual Meeting – CB
Key Events This Week: Jobs, ISMs, SLOOS And Earnings Gallore – Zerohedge