TOP MARKETS NEWS: Week 09/02 – 09/08

Friday 09/06

JPMorgan Warns Stablecoins Like Libra At Risk From Negative Yields, Creating “System Gridlock” – Zerohedge
“Looks Like A Stagflation Report”: August Private Payrolls Miss Huge, But Hourly Earnings Jump – Zerohedge
China Cuts Required Reserve Ratio Releasing $126BN In Liquidity; Yuan Surges – Zerohedge

 

 

Thursday 09/05

Pound hits five-week high as no-deal Brexit fears ebb – business live – guardian
Hong Kong’s big gainers on ‘olive branch’ Wednesday slide; US, China to talk trade in October – scmp

What happens to longer EUR interest rates around QE announcements? – nordea
China, U.S. to hold trade talks in October: China commerce ministry – Reuters

 

 

Wednesday 09/04

Britain ‘falling into Brexit recession’ as business output shrinks – business live – guardian
UK ‘heading for recession’ after Brexit slowdown — live updates – telegraph
Protest-battered MTR climbing, as Hang Seng and Shanghai benchmarks see early gains – scmp

HOW MUCH ECB QE IS NEEDED? GO BIG, OR GO HOME! – pictet
Fed’s Beige Book Finds US Economy “Modestly Expanding”… So Time For Another Rate Cut – Zerohedge

VanEck SolidX bitcoin trust to sell shares to institutional buyers – Reuters

Deutsche Bank Warns of ‘Grave Side Effects’ From More ECB Cuts – Bloomberg

Hong Kong stocks are surging after leader Carrie Lam looks set to withdraw the extradition bill that sparked months of protest – businessinsider

China’s services sector activities expand faster in August – globaltimes

 

 

 

Tuesday 09/03

Pound plunges below $1.20 as snap election speculation swirls – business live – guardian
Pound hits 34-year low ahead of Brexit showdown — live updates – telegraph
MTR shares get boost from bargain hunters, as China, Hong Kong stocks seesaw – scmp

UBS Slashes GDP Forecast, Sees US Economy On Edge Of Recession Just Ahead Of 2020 Elections – Zerohedge
Here’s how the financial markets typically do in September: It’s not pretty – cnbc
US Manufacturing Weakest In 10 Years As New Export Orders Collapse – Zerohedge
Morgan Stanley: Short growth stocks, get defensive as ‘recession fears emerge’ – cnbc
JP Morgan: The stock market ‘will advance into year-end’ – cnbc
Nickel is surging after Indonesia said it will ban exports of the metal from January – businessinsider
ECB package could include rate cut, tiering, new guidance: sources – Reuters
Sterling falls before Brexit vote, euro down on rate outlook – Reuters
Huawei Accuses Trump Administration Of Harassing Workers, Attacking Network – Zerohedge

Australia central bank holds rates, repeats ‘low for longer’ view – Reuters
Dai-ichi Life cuts equity, dollar exposure as U.S.-China trade war worsens – Reuters

 

 

Monday 09/02

Argentina imposes currency controls as economic crisis deepens – business live – guardian
MTR shares tumble after weekend vandalism by protesters; China stocks rise on improved trade sentiment – scmp

These Were The Best And Worst Performing Assets In Rollercoaster August – Zerohedge
Here’s a list of recession signals that are flashing red – cnbc
Argentina Bonds Fall, Peso Seen Steady as Capital Controls Begin – Bloomberg
Investors Panic-Sell Emerging Market Funds, On Pace For Worst-Ever Outflow  – Zerohedge
JPMorgan Says It’s Finally Time to Buy Stocks Despite Trade Woes – Bloomberg
Slide In Corporate Profits Suggests Recession May Have Already Started – Zerohedge
India: Where has all that stimulus gone? – ing
Eurozone manufacturing slump continues in August – markit
GERMANY: August sees further sharp manufacturing contraction as outlook darkens – markit

Japan manufacturing activity shrinks for fourth month in August: PMI – Reuters
Latest tariff hikes kick in, and U.S. consumers will likely see higher prices – Marketwatch