TOP MARKETS NEWS: Week 10/19 – 10/25

Weekend 10/24 & 10/25

Why Biden’s Tax Hikes Matter: US Households Sit On $1 Trillion In Unrealized Capital Gains – Zerohedge
Ant may raise up to US$17.3b in Shanghai IPO leg: sources – bt

 

Friday 10/23

Business Live – guardian

BofA: Fed Will Use Digital Dollars To Unleash Inflation, Universal Basic Income And Debt Forgiveness – Zerohedge
Stocks Slide To Session Lows After White House Says “Pelosi Making Deal Harder By Not Budging One Inch” – Zerohedge
US Manufacturing Disappoints In Early October PMI Data As Election Anxiety Builds – Zerohedge
China’s bouncing back, but don’t bet on other emerging markets to join the ride – Marketwatch
Stocks making the biggest moves midday: Virgin Galactic, Intel, Snap & more – cnbc
These are the stocks to short when a COVID vaccine is ready, says JPMorgan – Marketwatch
US dollar continues to catch a solid bid. Why? – forexlive
Airbus tells suppliers: plan now for post-crisis output hike – Reuters
US Manufacturing Disappoints In Early October PMI Data As Election Anxiety Builds – Zerohedge
Gilead shares rise after United States approves remdesivir as COVID-19 drug – Reuters
What happens if the U.S. election is contested? – Reuters

Thursday 10/22

Business Live – guardian
Germany’s Virus Situation ‘Very Serious’: Health Body – barrons
Presidential Debate, Stimulus Blow; Tesla Strength – What’s up in Markets – investing
Stocks making the biggest moves in the premarket: Coca-Cola, Tesla, Align Technology, Whirlpool & more – cnbc

Intel stock plunges 10% after data-center sales drop more than expected – Marketwatch
Biden holds edge in swing state polls while his large national lead over Trump shrinks slightly – cnbc
Trump gets last chance to claw back Biden lead at final presidential debate – guardian
American Airlines reports $2.4 billion net loss in third quarter – cnbc
Coca-Cola revenue beats as beverage demand rises from pandemic lows – Reuters
Adidas Prepares Sale of the Reebok Brand: Report – Bloomberg
GM sells out first year of electric Hummer production – Reuters
AT&T stock gains after net profit missed, but revenue beat – Marketwatch
Ant Group IPO gets the green light from regulators for its blockbuster listing – cnn
Unilever third-quarter sales return to growth – Reuters
Coca-Cola, Jobless Claims, Fed Speeches: 3 Things to Watch – investing
Spain is first country in Western Europe to hit 1 million coronavirus cases – latimes

Wednesday 10/21

Business Live – guardian

Tesla Just Reported Earnings. Why Its Stock Is Rising – barrons
Tesla reports fifth consecutive quarter of profits – cnbc
‘It is daunting to think about what the consequences will be.’ With no new stimulus deal, much of America’s temporary financial safety net is set to expire Dec. 31 – Marketwatch
Why EUR Refuses to Fall & the Dollar’s Decline – bk
JPMorgan’s Kolanovic Has Another Warning For Those Expecting A Crushing Biden Victory – Zerohedge
Fed’s Beige Book finds limited pace of U.S. economic growth in early October – Marketwatch
Patient In AstraZeneca COVID-19 Vaccine Trial Dies – Zerohedge
Bitcoin prices surge to highest since 2018 — here’s why – Marketwatch
PayPal gets into crypto with new features for trading and shopping – cnbc

The EU makes market history with record demand for its ‘social’ bonds – cnbc
European Commission issues first emission of EU SURE social bonds – europa
The stock market is set to fall over the next year — and is unprepared for 2 big risks, says Deutsche Bank’s wealth-management arm – Marketwatch
Nikola’s stock surges after GM president said on CNBC he sees ‘spectacular’ opportunity in partnership – Marketwatch
GM unveils Hummer EV as ‘world’s first supertruck’ for $112,600 starting in 2021 – cnbc
European stocks decline for a third-straight session, while U.S. equity futures climb as stimulus optimism hangs on – Marketwatch
Stimulus Talks Hit Dollar, Bonds; Tesla Earnings Due: What’s up in Markets – investing
Bank of England stimulus likely despite higher inflation – ing
Nestle posts lower sales, but lifts 2020 guidance – Marketwatch
Iberdrola Avangrid to buy PNM Resources for $4.32B – Marketwatch
Less carbon, more electric vehicles: automakers prepare for potential Biden win – Reuters
Asian stocks gain, yuan soars as traders bet on U.S. stimulus, again – Reuters

 

Tuesday 10/20

Markets on edge as US stimulus deadline looms – business live – guardian
Coronavirus digest: Ireland goes back into lockdown – dw
Goldman Sachs, Procter & Gamble and GM Rise Premarket – investing

Why stock-market investors are starting to focus on Biden’s narrowing lead against Trump – Marketwatch
Snap stock rockets up after surprise earnings beat – Marketwatch
Netflix subscription gains screech lower as pandemic wears on, stock falls 5% – Marketwatch
Only a third of Americans plan to vote in person on Election Day – fortune
GM Investing $2 Billion to Transition Spring Hill, Tennessee Plant to Build Electric Vehicles, including Cadillac LYRIQ – gm
5 key things to know about the Google antitrust lawsuit – fortune
Brexit: non-event or knockout blow to EU recovery? – ing
A third of US hotels could disappear: report – yahoofinance
Factbox: Key arguments in U.S. antitrust suit vs Google – Reuters
U.S. Department of Justice files antitrust suit against Google – Cramer and others on what it means for Alphabet – cnbc
After charges against Google, road map to antitrust changes contains many potential routes – Marketwatch
DOJ to file antitrust lawsuit against Google – CNBC
GM’s official run for Tesla starts with its electric Hummer debut Tuesday night – CNBC
Technology stocks may be about to drown in their own greatness, says JPMorgan – Marketwatch
Republicans running short on time and money to defend Senate majority – Reuters
Procter & Gamble Reports 9% Sales Growth in Q1; Lifts Guidance – investing
EU’s First Social Bonds Prove Magnet for Record $275 Billion – Bloomberg
Alibaba takes 6.1% stake in travel retailer Dufry – Marketwatch
European stocks fall on political stalemate, while earnings highlight pandemic winners including UBS and Logitech – Marketwatch
BMW 3Q auto unit cash flow exceeded expectations – Marketwatch
Trading boom pushes UBS to best third quarter in a decade – yahoofinance
UBS sets aside $1.5B for buybacks after strong 3Q – Marketwatch
Reckitt Benckiser disinfection brands drive growth – Marketwatch
Logitech reports 75% jump in quarterly sales, raises full-year outlook – Reuters
China digital currency: Shenzhen consumers spend 8.8 million yuan in largest trial of digital yuan – scmp
Moderna CEO eyes December for COVID vaccine – Marketwatch

Monday 10/19

Business Live – guardian
Global COVID-19 Cases Top 40 Million As Wales Enacts Emergency “Firebreak” Lockdown: Live Updates – Zerohedge

Intel reaches $9 billion deal to sell NAND unit to SK Hynix – Marketwatch
IBM reports third straight quarter of revenue declines – cnbc
Dow drops more than 400 points as stimulus uncertainty grows and coronavirus cases rise – cnbc
From ‘Hope’ To ‘Nope’: Stocks Tumble After “Disagreements Remain” On COVID Relief – Zerohedge
47% Of Biden Supporters Will Vote By Mail; 86% Of Trump Votes Will Be In Person: What This Means For The Election – Zerohedge
The average American has $90,460 in debt—here’s how much debt Americans have at every age – cnbc
FX: Looming Stimulus Deadline Spooks Investors – bk
Fiscal stimulus may not be enough to boost bank stocks, says J.P. Morgan – Marketwatch
Wales to impose two-week deep firebreak: ‘everyone must stay at home’ – Reuters
Powell Lays Out The Key Reasons Why The Fed Is Moving Toward Digital Dollars – Zerohedge
US Elections: What’s in it for Europe? – ing
European banks are set for a better earnings season as bad loan payouts stabilize – cnbc
Factbox: What a Joe Biden win could mean for financial policy – Reuters
‘The dot-com bubble on steroids’: Why growth stocks can keep going a while longer, strategists say – Marketwatch
A blue wave on Election Day may unleash $2.5 trillion in stimulus, Goldman Sachs says – yahoofinance
Goldman Sachs says Democratic sweep would unleash ‘substantially’ more stimulus – cnbc
Oil struggles for direction as coronavirus cases accelerate, Libya boosts output – Marketwatch
Key Events This Week: Final Presidential Debate, Earnings And PMIs – Zerohedge
Why tech IPOs are flourishing in the U.S. and China — but not Europe – cnbc
Philips 3Q beats, targets higher profitability – Marketwatch
Danone restores 2020 guidance, lays out revamp – Marketwatch
Asian markets jump on vaccine, U.S. aid hopes; gains capped by China data – Reuters
China’s economic recovery quickens as consumption returns – Reuters
Japan export decline slows dramatically as U.S.-bound car shipments jump – Reuters
These states suffer the worst unemployment as coronavirus pandemic recovery lags – yahoofinance
8 million Americans slipped into poverty amid coronavirus pandemic, new study says – nbcnews