TOP MARKETS NEWS: Week 10/18 – 10/24

Weekend 10/23 & 10/24

Nordea weekly: The hyperinflationistas are back in town – nordea
Wells Fargo CEO says supply chains ‘will get solved’ in ‘6-to-12 months’ – yahoofinance
Chinese EV maker Xpeng launches upgraded semi-autonomous driving features in a challenge to Tesla – cnbc
Edible Oil Prices Hit Record High As Food Inflation Treat Soars – Zerohedge
Nigeria to launch digital currency on Monday, central bank says – Reuters
JPMorgan Turns Positive On Crypto, Sees “A Bullish Outlook For Bitcoin Into Year-End” – Zerohedge
Week ahead: There is Erdogan and then there is the rest – nordea
Parts Shortages Hit Auto Repair Shops, Taking Weeks To Fix Vehicles – Zerohedge


Friday 10/22

Business Live – guardian

Stocks, Bonds, & Bitcoin Slammed As Powell Confirms Taper Timeline – Zerohedge
Dow closes at a record, posts third-straight positive week – cnbc
“No One Can Tell What’s Ahead” – Brazil Tumbles Into Bear Market Amid Latest Economic Crisis – Zerohedge
Trump’s “Truth” SPAC Halted 5 Times, Now ‘Only’ Up 120% Today – Zerohedge
US Manufacturing Survey Slumps To 7-Month-Low, Services Jump In October – Zerohedge
Russia raises key rate to 7.5%, signals more hikes possible – Reuters
Futures At All Time High On Evergrande Reprieve Despite Intel, Snapchat Collapse – Zerohedge
Chip crunch to hit Renault production more than forecast – cnbc
European markets set to inch higher as China property fears cool; Earnings, data in focus – cnbc
EMERGING MARKETS-Asian stocks broadly higher after Evergrande makes bond payment – Reuters
Asia stocks advance; Evergrande shares jump following reports it will pay interest due on bond – cnbc
China’s Evergrande Makes Last Minute Interest Payment On Dollar Bond, Avoiding Default – Zerohedge
China Evergrande set to avert default as property developer reportedly pays off bond interest – cnbc
China’s land sales slump for second month as developers stay away – Reuters
RBA defends yield target with A$1 bln bond purchase – Reuters


Thursday 10/21

Business Live – guardian

NOAA’s Winter Outlook Warns Of ‘Double Dip’ La Nina, Expect Colder Than Normal Pacific Northwest – Zerohedge
WSB’ers Help Drive Trump’s “TRUTH Social” SPAC Up Over 600% On The Day – Zerohedge
SNAP Crashes After Revenue/ARPU Miss, Blames Apple Privacy Changes, Labor Shortages – Zerohedge
Stocks making the biggest moves after hours: Snap, Intel, Chipotle and more – cnbc
S&P 500 rises to record close, posts 7th straight day of gains on better-than-expected earnings – cnbc
Crypto Slide The Result Of A “87%-Off” Binance Fat Finger – Zerohedge
JPM: “We Could Be Just Weeks Away From Cushing Effectively Running Out Of Crude” – Zerohedge
Trading in Trump-linked SPAC halted as shares soar on social media deal – thehill
“We Could Not Ignore It Anymore” – Houston Firefighters Pension Fund Piles Into Crypto – Zerohedge
Digital dollar would put Fed in direct competition with banks, Fed’s Waller says – Marketwatch
Rabo: The Slow And The Furious (Democrats) – Zerohedge
Yield Curve Re-Flattens After Hitting Resistance, 5Y At 20-Month Highs – Zerohedge
Futures Slide On Stagflation Fears As 10Y Yields Spike – Zerohedge
Lira Crashes To All Time Low After Turkey Shocks With 200bps Rate Cut Despite Soaring Inflation – Zerohedge
Oil and coal-rich countries lobbying to weaken UN climate report, leak shows – guardian
COP26: why carbon pricing is crucial to China’s climate change pledges – SCMP
Barclays profit gets boost from deal-making, following Wall Street’s lead – cnbc
SAP’s cloud business drives quarterly results, raised outlook – Reuters
SAP’s cloud revenue jumps 20% as European software giant ramps up rivalry with Salesforce – cnbc
European markets head for mixed open ahead of busy day for earnings – cnbc
China Evergrande secures extension on defaulted $260 million bond -REDD – Reuters
China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through – cnbc
EMERGING MARKETS-Indonesia stocks, rupiah fall as China coal prices tumble – Reuters


Wednesday 10/20

Business Live – guardian
Sinema blows up Dems’ plans to tax high earners, corporations – politico

IBM shares drop on weaker-than-expected quarterly revenue – cnbc
Tesla posts record revenue and profits in third quarter – cnbc
Tesla Fluctuates After Beating Margin, EPS Expectations But Missing On Sales – Zerohedge
Dollar Dumps, Gold Jumps, Bitcoin Pumps To Record High – Zerohedge
Dow jumps to a new all-time high, S&P 500 notches 6-day win streak – cnbc
Beige Book Hints That US Has Passed “Peak Shortage” – Zerohedge
Fed report shows wage pressures amid ‘modest to moderate’ economic growth – Reuters
Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says – cnbc
Pinterest Soars After PayPal Reportedly Exploring Acquisition At $70/Shar – Zerohedge
Netflix Slides After Stellar Results Were Not Stellar Enough: Wall Street Reacts – Zerohedge
Stocks making the biggest moves midday: Pinterest, Sonos, Anthem and more – cnbc
Bitcoin Options Open Interest Tops $14B as ProShares ETF ‘BITO’ Goes Live – coindesk
There are millions of jobs, but a shortage of workers: Economists explain why that’s worrying – cnbc
First Solar and SolarEdge Are Falling. Why Solar Stocks Got Downgraded – barrons
Facebook might be changing its name, but its controversies will continue to follow it – yahoofinance
Coinbase will offer customers a ‘get paid in crypto’ direct deposit option – cnbc
Futures Flat As Bitcoin Nears All-Time High, Yen Tumbles To 4 Year Low – Zerohedge
The “Sugar High” Is Over: Nomura Warns US Economy Has Entered “Slowdown” Phase – Zerohedge
AutoStore, Norway’s biggest IPO in two decades, valued at $12.4 billion – Reuters
European stocks fall as Kering, ASML’s downbeat results weigh – Reuters
European markets muted amid mixed global market sentiment; Nestle climbs 3.5% – cnbc
Alibaba shares surge 7% after Jack Ma appears in Europe and company releases new chip – cnbc
Alibaba expands cloud business abroad with new data centers in Asia, stepping up rivalry with Amazon – cnbc
China stocks dip amid policy uncertainty; coal shares slump – Reuters
Hong Kong stocks lead gains in Asia as China keeps its benchmark lending rate unchanged – cnbc
China Home Prices Drop For The First Time Since 2015 As Existing Home Sales Crash 63% – Zerohedge
China’s new home prices stall for first time since COVID-19 – Reuters
Japan’s export growth slows; import costs weigh on recovery hopes – Reuters
China central bank injects 100 billion yuan via reverse repos – Reuters


Tuesday 10/19

Business Live – guardian

Stocks making the biggest moves after hours: Netflix, United Airlines, Interactive Brokers & more – cnbc
United Airlines posts higher-than-expected revenue after travel demand rebounded – cnbc
Netflix posts solid beats on earnings and new subscribers – cnbc
Netflix Jumps After Blowing Away Expectations, Guides To A Whopper Q4 – Zerohedge
Bitcoin futures ETF started trading today, but one crypto expert says it’s ‘not something for retail investors to buy’ – cnbc
Bitcoin Surges To Record High, Dollar Dives As US Economic Outlook Plummets – Zerohedge
S&P 500 rises on strong earnings for its fifth positive day in a row – cnbc
ProShares’ bitcoin futures ETF sees the 2nd-heaviest debut volume on record with 24 million shares traded – businessinsider
Atlanta Fed Says US Economy Suddenly On Verge Of Contraction – Zerohedge
Dip-Buyers Pile Into Crypto, FundStrat Forecast Bitcoin $168k From Expected ETF Flows – Zerohedge
BofA trims China’s growth forecast again as power crunch bites – Reuters
Stocks making the biggest moves midday: Ulta, ProShares Bitcoin Strategy ETF, ChargePoint and more – cnbc
Investors now hold a record $72 billion in crypto assets, as fund managers piled into bitcoin ahead of the launch of the first futures ETF – businessinsider
Winter Is Coming: Russia Signals No Extra Gas For Europe Without Nord Stream 2 – Zerohedge
IMF downgrades its growth forecast for Asia, says Covid still ‘ravaging’ the region – cnbc
Facebook Chooses Coinbase As “Custody Partner” For Digital Wallet Ahead Of Stablecoin Launch – Zerohedge
Futures Top 4,500 As Market Meltup Accelerates – Zerohedge
P&G earnings top estimates as price hikes help offset some costs. Warns more inflation ahead – cnbc
J&J Covid vaccine added $502 million to third-quarter sales – cnbc
EUR/USD jumps to three-week highs near 1.1650 amid falling dollar, yields – fxstreet
European markets head for positive open following global gains – cnbc
China needs new growth engines as property drags down economy, says analyst – cnbc
Asia-Pacific markets higher as tech stocks regionally rise – cnbc
Shares of China’s Xiaomi jump 5% on news it will mass produce its own electric cars in 2024 – cnbc
Chinese property bonds firm after Kaisa and Sunac make coupon payments – Reuters
New Alibaba server chip is a milestone in China’s drive for semiconductor self-sufficiency – fortune
China to issue US dollar bonds in four tranches of up to 30 years – term sheet – Reuters

Monday 10/18

Business Live – guardian

Bitcoin, Bonds, & Big-Tech Bounce As The Dollar Drops To Key Support – Zerohedge
S&P 500, Nasdaq notch fourth day of gains as investors await key earnings – cnbc
Powell’s Stock Trades Leaked, Show Multi-Million Sale As Market Tanked – Zerohedge
Stocks making the biggest moves midday: Disney, State Street, Occidental and more – cnbc
UK: Another energy firm goes bust: Goto Energy – dailymail
Chaos Strikes In Copper-Town – Zerohedge
Supply chain chaos is already hitting global growth. And it’s about to get worse – cnbc
Uranium Stocks Soar After World’s Largest Producer Announces Launch Of Physical Uranium Fund – Zerohedge
US Industrial Production Unexpectedly Plunges In September – Zerohedge
Stocks making the biggest moves in the premarket: Zillow, Revance Therapeutics, Albertsons and more – cnbc
What Bitcoin’s New Exchange (Day) Traded Fund Means – Zerohedge
Bitcoin’s Futures ETF To Launch Tuesday – Zerohedge
First bitcoin futures ETF to make its debut Tuesday on the NYSE, ProShares says – cnbc
Futures Slide On Renewed China Slowdown, Rate Hike Fears – Zerohedge
These Countries Are The Most Reliant On Coal – Zerohedge
OPEC misses crude output targets, straining global oil supply – Bloomberg
“This Looks Like An Absolute Disaster”: UK Short-Term Yields Blow Up Most Since 2010 As Frantic Traders Front-Run BOE Rate Hikes – Zerohedge
Philips lowers outlook as recall, parts shortages bite – cnbc
European markets make lackluster start to the trading week; THG up 16% – cnbc
China Q3 GDP Growth Disappoints, Inflation Expected To Stay “High For Some Time” – Zerohedge