TOP MARKETS NEWS: Week 08/19 – 08/25

Friday 08/23

Business Live – guardian
Solid earnings from AIA and China Life sustain Hang Seng – scmp

China to retaliate with new tariffs on another $75 billion worth of US goods, including autos – cnbc
Japan’s First Minus-Yield Agency Bond Prices as Rates Plunge – Bloomberg
Japan, U.S. negotiators fail to reach agreement on trade, to extend talks – Reuters
Italy elections look likely as experts cast doubt on a new left-wing alliance – cnbc
US-China trade war turmoil and global economic gloom cast a dark shadow on Asian equity markets – scmp
Another Asian central bank cuts interest rates — analysts say the region’s not done easing yet – cnbc

 

 

Thursday 08/22

Business Live – guardian
Henderson, Bank of East Asia weigh on Hang Seng as stocks are on course for worst quarter since 2015 – scmp


Recession Alarm: US Manufacturing PMI Unexpectedly Crashes Into Contraction With Lowest Print In 10 Years – Zerohedge
Russell 2000 company debt hits all-time high, can small-cap woes get any worse? – Μarketwatch

ECB eyes stimulus package as growth looks weaker: minutes – Reuters

 

 

Wednesday 08/21

Business Live – guardian
Xiaomi earnings, Trump trade remarks continue to drive Hong Kong, China markets – scmp

Fed was divided on rate cut, wanted to avoid appearing on path for more cuts – Reuters
Germany sells new 30-year bond with negative yield, a first – Reuters
Bond yields a one-way bet? Loosening Europe’s purse strings will end trend – Reuters

 

 

Tuesday 08/20

UK factories suffer from Brexit and trade war tensions – business live – guardian
Shenzhen, Huawei related stocks boost Chinese markets after US reprieve – scmp live

China may have a new way of boosting its economy. Here’s what the central bank just did – cnbc
McKinsey Sees ‘Ominous’ Signs of Another Asian Debt Crisis – Bloomberg

Buy Gold ‘At Any Level,’ Mobius Says as Central Bankers Ease – Bloomberg
Shareholder payouts hit an all-time high for the quarter, but growth is slowing – cnbc
BHP annual profit more than doubles – Marketwatch
China lowers interest rate as part of market-oriented reform amid slowing economy – scmp
China trims lending rates with new benchmark, more rate cuts expected – Reuters
Baidu profit falls 62%, weakest sales in 2 years – Marketwatch
Pimco looks to offload ultra-hot bonds after huge rally – ft

 

 

Monday 08/19

Germany could be falling into recession, warns Bundesbank – business live – guardian
China markets at highest level since July 1 on plans for Shenzhen, Trump’s hint on trade deal progress – scmp

White House reportedly looks at payroll tax cut as a way to stop an economic downturn – cnbc
Morgan Stanley Unleashes Doom: “Both The Fed, And The Trade War Puts Have Now Expired” – Zerohedge
Jackson Hole Preview – saxo
Trump says Fed should cut rates by at least 1% ‘with perhaps some quantitative easing’ – cnbc
Stocks Climb As Ross Confirms Another 90-Day Delay On Huawei Blacklist – Zerohedge
Hedge funds sell oil as global economy slows – Reuters
German economy could continue to shrink: Bundesbank – Reuters
Is The Tariff War Turning Into A Currency War? – schwab
Mass Exodus: Near Record Outflows For Financial Service Funds – Zerohedge

Stocks are soaring on fresh hopes of a ‘tidal wave’ of government stimulus and an end to the US-China trade war – businessinsider

SNB Sight Deposits Surge, Suggesting Interventions to Curb Franc – Bloomberg
Key Events This Week: All Eyes On Jackson Hole – Zerohedge
Baidu has already lost over $60 billion since its peak — and earnings are expected to fall further – cnbc
China’s central bank now has ‘bigger say’ over lending rates, but analysts question level of impact – scmp
China Unveils Its Own Libor: How China’s Interest Rate Reform Will Work – Zerohedge
China liberalises interest rate system, a step closer to free floating currency – ing
China to introduce market-driven lending rate – ft
China’s new lending benchmark to be based on medium-term rates; shares rally on rate cut hopes – Reuters
China takes bolder steps to cut lending rates for firms – xinhuanet
China’s central bank launches interest rate reform to cut costs – global times
US economists expect recession in 2020 or 2021: survey – afp
Exports in free fall as US-China trade war jolts Japan’s economy – scmp