TOP MARKETS NEWS: Week 08/10 – 08/16

Friday 08/14

Business Live – guardian

Coronavirus vaccine developer CureVac shares surge in U.S. debut – Reuters
Trump tries to push for a coronavirus stimulus deal – after Congress has left town – cnbc
Tesla stock propelled higher by BofA and Morgan Stanley upgrades – Marketwatch
Seven top oil firms downgrade assets by $87bn in nine months – guardian
U.S.-China trade deal review planned for Saturday postponed, sources say – Reuters
Duck Creek’s stock opens 56% above its IPO price – Marketwatch
As silver trades near seven-year highs, here’s why investors continue to pile in – cnbc
Bond buyers blindsided by higher inflation expectations after price pressures resurface – Marketwatch
Electronics Spending Sends US Retail Sales Soaring – Zerohedge
GM should spin off electric-vehicle business, Deutsche Bank says – Marketwatch
US Manufacturing Production Rebounds More Than Expected In July – Zerohedge
U.S. industrial production has solid gain in July, but index remains well below pre-pandemic levels – Marketwatch
Novavax, J&J Ink Covid-19 Vaccine Deals With U.K. for Tens of Millions of Doses – wsj
Ford Is Slashing 10,000 Positions And Closing 6 Factories In Europe – Zerohedge
Fed’s “Direct Money Transfers” Are Coming: Brainard Says Fed Collaborating With MIT On “Hypothetical” Digital Currency – Zerohedge
Rabobank: “Just Wait Until We All Get New Woozly Digital Currencies” – Zerohedge
Fed says it is developing an experimental digital currency – Marketwatch
China to Expand Testing of a Digital Currency – wsj
Seven Million Jobs At Risk As European Airline Industry Could See “Further Declines” – Zerohedge
World shares sink after China data misses forecasts – Reuters
Chinese Econ Data Dump Unexpectedly Bombs As Industrial Production, Retail Sales Miss – Zerohedge

 

08/13

Business Live – guardian
Here are Thursday’s biggest analyst calls of the day: Micron, Walmart, Best Buy, Deere & more – cnbc
Stocks making the biggest moves premarket: Tapestry, 3M, Apple – cnbc

Credit Suisse to Liquidate Natural Gas ETN That Went Parabolic – Bloomberg
Corporate America worries WeChat ban could be bad for business – Reuters
U.S. Treasury yields fall from five-week highs as investors monitor auctions, data – cnbc
Deutsche Telekom ups 2020 guidance – Marketwatch
Italy, Euronext Mull Teaming Up for Borsa Italiana Deal, Sources Say – Bloomberg
Asian stocks grind higher, dollar slips as U.S. data brightens mood – Reuters

Wednesday 08/12

UK falls into recession as GDP tumbles 20.4% in April-June – business live – guardian

Cisco shares dip 6% on tepid earnings outlook, revenue decline – Marketwatch
Coronavirus stimulus: Extra $400 in weekly unemployment turns into $300 and remains delayed – yahoomoney
What it’s like to be in a coronavirus vaccine trial – cnbc
Triple-Inverse Nat Gas ETN Goes Berserk, Explodes By $10,000 In Minutes – Zerohedge
The recovery is faltering, top forecasters say – Marketwatch
US: Inflation reflects Covid unwind – ing
US Consumer Prices Surge As Food & Medical Costs Jump – Zerohedge
OPEC trims 2020 oil demand, sees virus fears weighing on prices – Reuters
Gundlach, Who Correctly Called The 2016 Presidential Election, Predicts Trump Will Win Again – Zerohedge
Electric carmakers seek out blank-check firms for funding as virus spooks private markets – Reuters
There Are Now Less Than 3,000 US Listed Companies And Over 7,000 Global ETFs – Zerohedge
Salesforce cashed out its Zoom stake last quarter, potentially scoring a 600% return in 14 months – businessinsider
America’s Job Market Looked Almost Normal In June. But the Virus Could Be Distorting the Data – barron’s
Dr. Fauci says Russia risks ‘hurting a lot of people’ by rushing coronavirus vaccine – Marketwatch
E.ON cuts 2020 outlook as coronavirus crisis bites – Reuters
Apple supplier Foxconn posts better-than-expected second quarter profit – Reuters
Eurozone industrial production up 9.1% in June – Marketwatch
Will US CPI Signal Start of Inflation? – bk
How the coronavirus pandemic is debunking some long-held myths of the energy industry – cnbc
Admiral to pay special dividend as profit climbs – Marketwatch
Admiral shares up as profits jump 30pc – ukim
Tencent profit surges 37% as games revenue climbs – Marketwatch
Tencent’s expected jump in quarterly revenue could be overshadowed by pending WeChat ban – cnbc
How does UK’s Covid recession compare with previous ones? – guardian
UK set for slow recovery after record second quarter economic decline – ing
Treasury yields pull back ahead of record 10-year sale as stimulus hopes falter – cnbc
Asian markets mostly lower after retreat on Wall Street – Marketwatch
Hang Seng Index slips; tech stocks fall in Hong Kong and mainland China on liquidity tightening – scmp
China stocks drop most in two weeks on weak global sentiment, bank lending data – Reuters
New Zealand central bank expands bond-buying, flags negative rates as nation locks down again – Reuters

 

 

Tuesday 08/11

Business Live – guardian
Stock market live updates: Dow up 300, S&P 500 flirts with record, transports up 1.5% – cnbc
Stocks advance toward record high on stimulus; gold crashes – Reuters

Moderna stock pops after agreement to sell at least 100 million COVID-19 vaccine doses to U.S. government – Marketwatch
Tesla stock soars 7% on 5-to-1 stock split news – Marketwatch
At least 1 million people may not get Trump’s $400 unemployment boost – cnbc
Rates Spark: time to get real with yields – ing
S&P 500 nears record high on stimulus bets – Reuters
Financial ETFs surge as investors bet on left-behind sectors – Marketwatch
Trump’s COVID orders too little, too late to help U.S. economy, experts say – Reuters
Airline stocks rally as travel demand increases, reaching new post-COVID-19 highs – Marketwatch
Why Morgan Stanley Expects 10Y Yields To Be “Much Higher” Over The Next 3-6 Months – Zerohedge
Trump’s $400 unemployment boost would give Americans $708 a week, on average – cnbc
Here’s how Goldman says the S&P 500 would react to more U.S.-China tariffs and why November’s election result is key – Marketwatch
European shares end near 3-week high as auto, travel sectors rally – Reuters
German yields have their best day in a month as sentiment picks up – Reuters
10-year Treasury yield pops back above 0.60% as traders brace for key bond auction – Marketwatch
Stocks in Europe rally on hopes over U.S. stimulus, virus trends – Marketwatch
Inovio Pharmaceuticals sheds 12% after earnings miss, update on its COVID-19 vaccine – businessinsider
Dr. Fauci tells Americans to be mindful of these important limitations about any future coronavirus vaccine – Marketwatch
U.K. jobs picture looks bleak with 7.5 million furloughed or away from their job – Marketwatch
China auto sales rise for fourth straight month – Marketwatch
U.S. will have a delayed effect of ‘seeing the normal effects of recession,’ says JPMorgan’s Dimon – Marketwatch

Monday 08/10

Markets lifted by hopes of economic recovery from Covid-19 slump – business live – guardian

What’s Behind The Bizzare Break Between Breakevens And Crashing Real Rates – Zerohedge
President Trump’s executive order does not extend the eviction moratorium—here’s what to know – cnbc
COVID-19 vaccine could be available by year-end or early next year: report – cgtn
There are six major forces that could derail the crowded tech trade, Citi says – cnbc
JPMorgan’s chief U.S. equity strategist says investors should be looking to buy virus laggards – cnbc

El-Erian says the biggest threat to stock market rally is wave of corporate bankruptcies – CNBC
Foot Locker’s stock soars after outlook for surprise second-quarter profit and sales increase – Marketwatch
The Covid-19 Crisis Has Wiped Out Nearly Half Of Black Small Businesses – FORBES
Stocks extend gains following Trump’s coronavirus executive orders – thehill
Key Events In The Coming Quiet Week: CPI, Retail Sales, End Of Earnings Season – Zerohedge
Asian shares cautious as Sino-U.S. tensions weigh – Reuters
China’s factory deflation slows in July as recovery gains strength – Reuters
Furious Democrats Faced With A Daunting Question: Will They Dare To Challenge Trump’s Stimulus Orders – Zerohedge