TOP MARKETS NEWS: Week 09/18 – 09/24

Weekend 09/23 & 09/24

Stocks Flash Recession Warning as Trouble Spreads to Industrials – bbg

Core Inflation Gauges Are Falling in US and Euro Zone – bbg
Trouble Ahead: Container Shipping Rates Sinking Further Into The Red – Zerohedge
World Economy Latest: Fed, Bank of England Hold Rates Steady But May Hike Again – bbg


Friday 09/22

UK recession risk mounts as business falters; mortgage lenders cut rates – business live – guardian

UAW targets 38 facilities at GM and Stellantis for expanded strikes, skips Ford – bbg
Domestic US Banks See Big Deposit Outflows Last Week But Loan Volumes Picked Up – Zerohedge
Stocks fail to hold onto initial gains but bonds rise on PMI data – Newsquawk US Market Wrap
Fed-Wary Investors Eye Mounting Risks to US Stock Rally – Reuters
‘Higher For Longer’ Reality-Check Wrecks Bonds, Banks, & Big-Tech – Zerohedge
Dow slides 100 points on Friday, S&P 500 and Nasdaq post worst weeks since March after Fed update – cnbc
Russia’s Diesel Exports Ban Is Risky for Moscow and World Alike – bbg
AI Fantasy Fades as Wall Street Reels From Real-World Rate Jump – bbg
Government Shutdown Could Push Unemployment To 4%, Triggering Recession Start Signal – Zerohedge
US Equity Funds See Biggest Weekly Outflow in Four Weeks – Reuters
Here’s What Stops — And What Doesn’t — If the US Government Shuts Down – bbg
Apple’s iPhone 15 launches in China with people flocking to stores — even as Huawei revival emerges – cnbc
Further loss of US service sector momentum weighs on overall US economic performance – pmi
UAW Boss Says Ford “Serious About Reaching Deal”; Expands Strike To All GM & Stellantis Parts Distribution Centers – Zerohedge
Global Stagflation? US, EU PMIs Signal Slowing Growth, Rising Prices – Zerohedge

European equities lower, PMIs note growth concerns; JPY weaker post-BoJ; US PMI due – Newsquawk US Market Open – Zerohedge
Futures Rebound After Three Day Rout As Rates Ease From 2007 High – Zerohedge
CEOs say AI is about to trigger a boom in productivity after years of stagnation: ‘It’s going to be explosive’ – fortune
Euro zone economy likely contracted this quarter-PMI – Reuters
Eurozone companies see sharpest drop in new orders for almost three years – PMI
Germany ends third quarter in contraction as demand for goods and services falls sharply – PMI
France’s Services Sector Contracts Sharply in September – Flash PMI – Reuters
Rates Spark: Drawing out the cycles – ing
European markets retreat on prospect of higher for longer rates – cnbc

Marketmind: Bank of Japan Also Holds Policy and Stays Dovish – Reuters

Asia markets slide as Bank of Japan leaves monetary policy unchanged – cnbc
Bank of Japan leaves rates unchanged, maintaining ultra-loose monetary policy – cnbc
Cooling AI Boom Drives $14 Billion Outflow From Taiwan Stocks – bbg
Global Funds Double Sales of Japanese Stocks to Most Since 2019 – bbg
Japan Inflation Unexpectedly Steady Ahead of BOJ Decision – bbg

Asia Stocks to Follow US Slump With Focus on BOJ: Markets Wrap – bbg


Thursday 09/21

Business Live – guardian
Morgan Stanley’s Trading Desk Sees ‘Fragility Rising’ in Stocks – bbg

Stock and bond slump deepens after stagflationary data and BoE rate pause – Newsquawk US Market Wrap
Fed Balance Sheet Plunges By Most In Over 3 Years As Retail Money-Market Inflows Continue – Zerohedge
Bond Bloodbath Trounces Tech; Batters Bitcoin, Banks, & Bullion – Zerohedge
Dow tumbles more than 300 points to notch third day of losses amid fears of higher rates, government shutdown – cnbc
Another Yield High as US 10-Year Jumps Above Key 4.5% Level in Post-Fed Bond Rout – bbg
Hyped Trio of IPOs Drop Toward Offer Price With Rates Still High – bbg

Philly Fed Business Survey Crashes Back Into Contraction In September – Zerohedge
Initial & Continuing Jobless Claims Continues To Plunge – Zerohedge
Futures, Global Stocks Tumble As Markets Reel After Fed’s Hawkish Pause – Zerohedge
Turkey’s central bank hikes interest rate to 30% – cnbc
Bank of England leaves interest rates unchanged in surprise move – bbc
Analysis-Fed’s Hawkish Stance Spooks Investors, Though Some Say Peak Rates Near – Reuters
European markets set to open in negative territory ahead of central bank decisions – cnbc

Marketmind: Fed Fireworks Set Nervy Stage for BoE – Reuters

Asia markets fall after Fed holds rates, but signals higher rates for longer – cnbc
MSCI’s China Gauge Set for 10-Month Low as Pessimism Persists – bbg
Emerging-Market Stocks Set to Erase 2023 Gains – bbg

Asia Stocks Face Headwinds From Wall Street Slide: Markets Wrap – bbg


Wednesday 09/20

UK inflation rate drops to 6.7%, easing pressure to keep raising interest rates – business live – guardian
Fed declines to hike, but points to rates staying higher for longer – cnbc

Fed holds US rates steady, but markets are reluctant to buy into the more hawkish messaging – ing
FedEx Shares Pop on Hefty Profit Beat, UPS Customer Wins – Reuters
Bond Traders See Yields Marching Higher After September Fed Meeting – bbg
Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more – cnbc

Stocks making the biggest moves premarket: Pinterest, Instacart, Bausch Health and more – cnbc
Nio’s $1 Billion Convertible Bond Adds to Boom for Asian Issuers – bbg
Cathie Wood’s Ark Buys Rize ETF in Big Bet on European Growth – bbg
Europe Car Sales Jump 21% as EVs Help Extend Growth Streak – bbg
European stocks set for mixed open as global markets await the Fed’s rate decision – cnbc

Asia markets fall as China keeps benchmark loan rates unchanged; Fed decision on horizon – cnbc
China leaves benchmark lending rates unchanged in September – cnbc
BOJ Speculation Shifts to Negative Rate Policy From Yield Cap – bbg

Asia Stocks Set for Cautious Start as Fed in Focus: Markets Wrap – cnbc


Tuesday 09/19

Business Live – guardian
Canada Consumer Price Index, August 2023 – 150statcan

Instacart closes up 12% in Nasdaq debut, after first-day rally sputters – cnbc
The Dow closes 100 points lower as the Federal Reserve’s rate decision approaches – cnbc

UAW Boss Warns “Strikes Will Expand” Friday If Automakers Fail To Make “Substantial Progress” In Labor Talks – Zerohedge
Stocks making the biggest moves premarket: Carnival, Deere, Super Micro Computer and more – cnbc
OECD Economic Outlook, Interim Report September 2023: Confronting Inflation and Low Growth – oecd
European markets set for mixed open ahead of Fed meeting – cnbc

Asia markets fall ahead of Australian central bank minutes – cnbc
BlackRock Strategists Downgrade China Stocks on Growth Concerns – bbg
China’s Worst Capital Outflow in Years Spells More Yuan Pressure – bbg

Asia Stocks Face Mixed Open With Focus on Rates: Markets Wrap – bbg



Monday 09/18

Oil Surges To $95 As China Crude Stockpiles Hits A Record 1.14 Billion Barrels – Zerohedge

Markets chop in the calm before the central bank storm – Newsquawk US Market Wrap
Wall Street Moves Sideways as Investors Look to Fed – Reuters
Bitcoin & Big-Tech Pump-And-Dump; Gold Gains As Yield-Curve Crushed – Zerohedge
S&P 500 closes little changed Monday as traders await Fed policy meeting – cnbc
Here’s How The Market Will React To Next Week’s Government Shutdown: Lessons From The Past – Zerohedge
Olive oil prices surge over 100% to record highs, sparking cooking oil thefts – cnbc
Stocks making the biggest moves midday: Marathon Petroleum, Tesla, Moderna and more – cnbc
Nikola Jumps After Hiring General Motors, Dell Veteran Mary Chan – bbg
Will Oil Hit $100? It Already Did in Some Markets – Reuters
Arm Falls After Bernstein Downplays Boost Stock May See From AI – bbg
In the Market: Fed Beware the Banking Crisis of March – Reuters
Apple’s latest iPhone preorder data is ‘better than feared,’ Morgan Stanley says – cnbc
Tesla Slips After Goldman Lowers Earnings Target, Citing Price Cut Pressure – Zerohedge

Marketmind: Dot Plots, Oil Blots and Auto Strikes – Reuters

Stocks making the biggest moves premarket: DoorDash, Arm, PayPal and more – cnbc
ECB to Tackle Excess Liquidity in Next Stage of Inflation Fight -Sources – Reuters
“This Week Will Be Bumpy”: S&P Futures Slide, Europe & Asia Slump With Brent At $95 Ahead Of Central Bank Barrage – Zerohedge
Factbox-Key Targets in SocGen’s New Strategy Plan – Reuters
SocGen’s Krupa Targets Costs, Capital to Win Back Investors – bbg
European markets open in negative territory, with Fed in the spotlight this week; SocGen down 6% – cnbc

Asia markets fall ahead of closely watched central bank decisions this week – cnbc

Asia Stocks Look Set to Fall on Wall Street Losses: Markets Wrap – bbg
Week Ahead Preview: BOE, BOJ and FED Meetings; ECB Speakers; OECD Economic Outlook; U.S. Housing Data – cb
Key Events This Busy Week: Central Banks Galore, Including Fed, BOJ And BOE – Zerohedge