TOP MARKETS NEWS: Week 08/01 – 08/07

Weekend 08/06 & 08/07

Senate Democrats pass climate, tax and health care bill after marathon voting session – abcnews
Senate Passes $740 Billion Tax, Climate Package — Will Go To House Next – Zerohedge
US Inflation Respite Won’t Divert Fed Rate-Hike Plans: Eco Week – bbg
Top 5 Things to Watch in Markets in the Week Ahead – investing

US Inflation Peak in Sight But Debate Rages Over What Comes Next – bbg
China’s export growth gains steam despite weakening global demand – cnbc
China’s Export Growth Beats Expectations, Offering Support – bbg
Buyback Bonanza Could Fill Lag in Repurchase-Tax Effective Date – bbg
Bond Traders on Collision Course With Fed Over Longer-Term View – bbg
S&P 500 EARNINGS SEASON UPDATE: AUGUST 5, 2022 – factset


Friday 08/05

Business Live – guardian
Hot jobs report sends yields & Dollar flying as Fed pivot belittled – Newsquawk US Market Wrap

Italy’s Rating Outlook Cut to Negative by Moody’s on Politics – bbg
Job Gains & Powell’s Pains Demolish Dovish-Dreams, Spark Market Turmoil This Week – Zerohedge
Dow rebounds to flat as Wall Street weighs strong jobs report, more Fed action – CNBC
Danger ahead: The U.S. economy has yet to face its biggest recession challenge – cnbc
Consumer Credit Surged In June, 2nd Largest Monthly Increase Ever – Zerohedge
Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings – cnbc
Amazon to acquire maker of Roomba vacuums for roughly $1.7 billion – cnbc
Forward guidance will be back by the end of this year; FX implications – BofA – forexlive
European stocks close lower after strong U.S. jobs report; Rheinmetall down 12% – cnbc
AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop – bbg
July Payrolls Smash Expectations Soaring To 528K, Wages Come In Red Hot As Unemployment Rate Drops – Zerohedge
Stocks making the biggest moves premarket: Expedia, Block, Lyft and more – cnbc
World Food Prices Drop for Fourth Month as Grain Gets Cheaper – bbg
Global Stocks Are Being Shunned Again, Bank of America Says – bbg
Taiwan stocks shake off China’s military drills to rise 2%; Asia shares trade higher – cnbc

Thursday 08/04

Business Live – guardian
Cyclical assets stumble as BoE heralds a deep recession – Newsquawk US Market Wrap – newsquawk

Hawkish-er FedSpeak Crushes Crude & Crypto; Bonds & Bullion Bid – Zerohedge
Dow slips as Wall Street awaits July jobs report – cnbc
Goldman Turns Bearish: The Bottom Is Not In Yet And The Higher This Rally Goes, The Greater The Fall – Zerohedge
It’s Not 1970 Or 1980 – Zerohedge
Insiders Are Dumping The Most Stocks Since January As Retail Buying-Panic Re-Emerges – Zerohedge
Stocks making the biggest moves midday: Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more – cnbc
As Oil Tumbles To Pre-Ukraine Lows, Asia Just Can’t Get Enough Pushing Saudi Prices To New Record High – Zerohedge
Coinbase shares soar in boost from meme traders, BlackRock crypto deal – cnbc
The Misery Index Is At Recession Levels – Zerohedge
BlackRock to Shutter Russia ETF That Once Held $800 Million – bbg
Futures Flat As Crushing 37bps Curve Inversion Screams Recession – Zerohedge
Alibaba shares pop 6% after earnings beat — but reports first flat revenue growth in history – cnbc
UK Energy Price Cap Estimate Tops £4,000 for the First Time – bbg
Pound Crashes After BOE Hikes By Most Since 1995, Starts Gilt Sales Yet Warns Of Crushing Stagflationary Recession – Zerohedge
Bank of England’s Bailey warns UK faces ‘very big’ inflation shock, defends historic rate hike – cnbc
German Oil Refiner Is Seeing ‘Run on Heating Oil and Diesel’ – bbg
Goldman, Bernstein Strategists Say Stocks Rally Can Fizzle Out – bbg
Wage share dynamics and second-round effects on inflation after energy price surges in the 1970s and today – europa
US Recession Odds Are Falling Fast, JPMorgan Trading Model Shows – bbg
European Stocks Higher; Corporate Earnings, German Factory Orders Help – Reuters
Rolls-Royce Sees Jet Engine Demand Boosted by Long-Haul Revival – bbg
German Orders Drop as Inflation, Supply Disruptions Prevail – bbg
Bayer Lifts Forecast Amid Sustained Boom in Farming Prices – bbg
ING Beats Estimates After ‘Modest’ Provisions for Bad Loans – bbg
Lufthansa Gives Upbeat Outlook as Fare Surge Survives Disruption – bbg
IMF tells Europe to let consumers bear the brunt of higher bills to encourage energy saving – cnbc
Credit Agricole’s Investment Bank Drives Earnings Beat – bbg
European markets head for higher open; big Bank of England hike expected – cnbc
Goldman Affirms Bullish China Stocks Call in Face of Taiwan Rift – bbg
Hong Kong’s Hang Seng lead gains in Asia; Alibaba rises around 4% ahead of earnings – cnbc
Toyota Keeps Conservative Profit Outlook, Shares Decline – bbg
SoftBank Raises $22 Billion by Selling Alibaba Derivatives – bbg


Wednesday 08/03

Business Live – guardian
Stocks at highest level since June after strong ISM Services and Pelosi fade – Newsquawk US Market Wrap – NEWSQUAWK

Daly Dumps On Dovish Dreams But Stocks Scream Higher Anyway – Zerohedge
Stocks rally to reverse two-day slide, surging on rosy earnings results and economic data – cnbc
Explosion In Retail Buying Revealed As Source Of Latest Market Meltup, Tesla Stock Surge – Zerohedge
Global economic growth at 2-year low as developed world output contracts for 1st time since June 2020 – spglobal
Services PMI Signals “Strong Likelihood” Of 3rd Straight Quarterly US GDP Contraction – Zerohedge
Stocks making the biggest moves premarket: CVS, Under Armour, Moderna and more – cnbc
OPEC+ set to approve minuscule oil output rise in rebuff to Biden – cnbc
Moderna’s 2Q earnings beat expectations, but it writes off $500 million in expiring Covid shots – cnbc
CVS Health raises full-year forecast after beating second-quarter expectations – cnbc
Under Armour cuts profit outlook for the full year as promotions eat into margins – cnbc
Axa Profit Rises on Asset-Management Growth, Insurance Pricing – bbg
BMW Beats Expectations on Strong Demand Offsetting Chip Woes – bbg
European markets slightly lower as cautious sentiment persists; Avast up 42% – cnbc
Commerzbank Profit Beats Estimates as Europe Rates Begin Rise – bbg
SocGen posts second-quarter loss after taking 3.3 billion euro hit on Russia exit – cnbc
Asia markets mostly higher as investors monitor Pelosi’s visit to Taiwan – cnbc
China’s $26 Billion Pivot From Infrastructure to Emergency Loans – bbg
China Services Activity Sees Big Pick Up in July, Survey Shows – bbg


Tuesday 08/02

Business Live – guardian

PayPal Surges on Savings From Cost Cuts, Elliott Investment – bbg
AMD beats on earnings and revenue, but third-quarter forecast comes in light – cnbc
Robinhood cutting about 23% of jobs – cnbc
Airbnb reports record-breaking bookings, announces $2 billion buyback – cnbc
Starbucks beats earnings and revenue estimates, despite lockdowns in China – cnbc
Pelosi Plane & Powell’s Pals Prompt More Market Mayhem – Zerohedge
Stocks fall a second day on U.S.-China tensions, hawkish comments from Fed leaders – cnbc
Stocks making the biggest moves midday: Uber, Pinterest, Caterpillar and more – cnbc
Nomura Warns Rates Will Be “Higher For Longer” – A “Re-Tightening” Of Policy Rhetoric Is Imminent – Zerohedge
US Household Debt Surpasses $16 Trillion on Higher Mortgages – bbg
Hong Kong Tech Firm ‘Thanks’ Investors After Shares Soar Over 6000% From IPO – Zerohedge
ECB Spent Billions to Shield Italy Using First Line of Defense – bbg
Caterpillar Says China Sales Slow as Demand Dented In Asia – bbg
US Job Openings Fall to 10.7 Million, Lowest Since September – bbg
TD to Buy Cowen for $1.3 Billion to Bulk Up Capital Markets – bbg
“Miserable” German Retail Sales Crash The Most On Record As Europe Slumps Into Recession – Zerohedge
German Labor Shortages Menace Half of Companies Across Economy – bbg
Oil major BP boosts dividend as quarterly profits jump on high commodity prices – cnbc
China shares down around 3%, Asia markets drop as geopolitical tensions rise over Pelosi visit – cnbc


Monday 08/01

Business Live – guardian
S&P 500 starts August little changed following its best month since 2020 – cnbc live

Pinterest climbs on user numbers and Elliott investment even as financials disappoint – cnbc
Markets Turmoil As Bad News Is Not Great News Anymore – Zerohedge
Barrage Of Central Bankers Warn Markets Powell Hasn’t “Pivoted” But Is It Too Late – Zerohedge
Stocks making the biggest moves midday: PerkinElmer, Boeing, Global Payments, Bumble and more – cnbc
Here Are The Best And Worst Performing Assets In July And YTD – Zerohedge
“No One Is Positioned For Any Good News:” Record Shorting In Tech Ensures ‘Most Hated Rally’ Will Continue – Zerohedge
Atlanta Fed Slashes Q3 GDP Growth As PMI Plunges – Zerohedge
Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck – cnbc
Weak Manufacturing Surveys Signal ‘Peak Inflation’; Plunge in Orders, Production, & Jobs – Zerohedge
Stocks making the biggest moves in the premarket: Boeing, Nio, Check Point Software and more – cnbc
Futures, Oil Fall As Searing Rally Wobbles – Zerohedge
Shares of Chinese EV makers Nio and Li Auto rise as July car deliveries jump – cnbc
Key Events This Busy Week: Jobs, ISM, And Even More Central Banks And Earnings – Zerohedge
Europe’s Bond Agony Eases After Best Monthly Return on Record – bbg
Goldman Sachs’s Kostin Says US Results Season Better Than Feared – bbg
Most Euro-Zone Consumers Didn’t Actually Save More in Pandemic – bbg
European markets make a cautious start to August trading; HSBC up 6% – cnbc
Heineken Beats Estimates as Customers Unfazed by Inflation – bbg
China markets rise after private survey shows Chinese factory activity grew; HSBC shares up 5% – cnbc
China Property Stocks Extend Declines on Sales Slump, Evergrande – bbg
China Banks May Face $350 Billion in Losses From Property Crisis – bbg
HSBC Profit Beats Estimate, Vows to Restore Dividends – bbg
Asia Factory Activity Tumbles on Supply Snarls and Weaker Demand – bbg