TOP MARKETS NEWS: Week 10/21 – 10/27

Weekend 10.26 & 10.27

Top 5 things to watch in markets in the week ahead – investing

Yen Weakens, Japan Stocks Face Pressure on Election Blow to LDP – bbg
USD/JPY is above 153 on the Japanese election result – yen plunge – forexlive
Ishiba Needs to Find Friends Fast After Japan Election Setback – bbg
Japan’s Nikkei and Yen Set to Lurch on Political Uncertainty – Reuters
Japan’s Ruling Coalition To Lose Majority For First Time Since 2009: What Happens Next And How Will Markets React – Zerohedge
A 10-Day Test Is Coming for Bond Market Battered by Selloff – bbg
Nvidia-Backed Tech Company Looking To Buy Land Near Nuclear Power In Japan – Zerohedge
Big Tech Stocks Lose Some of Their Aura as Earnings Growth Slows – bbg

US October Nonfarm Payrolls Seen Taking a Hit From Striking Aerospace, Hotel Workers – Reuters
Growth, Storm-Impacted Jobs Numbers to Set Table Ahead of Fed Policy Meeting – bbg
BOJ May Offer Less Dovish Signs as US Recession Fears Ease, Rates on Hold – Reuters
Stocks Rally Faces Gauntlet of Tech Earnings, Jobs Data, Election – Reuters
New Zealand May Have a Solution for the World’s $100 Trillion Public Debt – BBG
As S&P Rally Broadens Beyond Tech, Profit Growth Remains Elusive – bbg

Friday 10.25

Here Are 5 Industries With the Most at Stake in Presidential Election – bbg

France Rating Outlook Cut to Negative by Moody’s on Deficit Woes – bbg
Bank Deposits & Money-Markets See Huge Inflows As Tax-Day Passes – Zerohedge
Stocks mixed as big tech rally keeps Nasdaq bid while Bonds take a hit – Newsquawk US Market Wrap
Stocks Break Six-Week Win-Streak, Gold Hits Record High As ‘Trump Trade’ Takes Off – Zerohedge
Nasdaq Closes Higher Ahead of Heavy Week of Earnings – Reuters
Nasdaq rises to hit new all-time high Friday as rest of market languishes – cnbc
Deckers Outdoor Shares Dash Ahead on Surging Demand for Hoka Shoes – Reuters
Stocks making the biggest moves midday: Tapestry, Capri, L3Harris Technologies and more – cnbc
Third-Quarter iPhone Sales In China Fall As Huawei Competition Heats Up – Zerohedge
Apple Gets Sell Rating as ‘Unrealistic’ Expectations Turn KeyBanc Bearish – bbg
Tesla Stock Rally Steamrolls Shorts, Erasing Year’s Gains in One Day – bbg
BRICS Summit Puts Focus On Dethroning US Dollar As Putin Unveils ‘BRICS Banknote’ – Zerohedge
Unreal(ized) Gains Tax: An Economic Earthquake In The Making – Zerohedge
European Stocks Steady as Investors Digest Disappointing Results – bbg
European Shares End Week in the Red as Earnings Disappoint – Reuters
Whiplash Week for US Bonds Suggests More Volatility on Horizon – bbg
Dems Lose Faith As UMich Sentiment Expectations Dip In October – Zerohedge
US Consumer Moods Brighten, Among Republicans in Particular – Reuters
US Consumer Sentiment Rises to Six-Month High on Rate Relief – bbg
El-Erian Says Soaring Gold Is Driven by Dollar Diversification – bbg

 

US PREMARKET
US Durable Goods Orders Revised Lower… Again! – Zerohedge
US Core Capital Goods Orders Solid; Business Equipment Spending a Touch Cooler – Reuters
BofA’s Hartnett Says Bets on Gold Are Rising Before US Election – bbg
Colgate-Palmolive Lifts Lower End of 2024 Results Forecast on Steady Demand – Reuters
Futures Rise As Yields Fall Despite Growing Trumpflation Concerns – Zerohedge
ECB Says Consumer Inflation Expectations Kept Falling Last Month – bbg
Europe’s Return to Zero Rates? :Mike Dolan – Reuters
German Business Sentiment Rises, Giving Rare Boost to Ailing Economy – Reuters
Sanofi Profit Lifted by Early Vaccine Sales, Dupixent Growth – bbg
Porsche, Mercedes Pledge Cost Cuts After China Slump Hits Profit – bbg
Mercedes to Step up Cost Cuts After Earnings Halve – Reuters
European stocks close slightly lower; Mercedes, Remy Cointreau fall after earnings disappoint – cnbc

Asia-Pacific markets mostly rise ahead of Japan elections; Tokyo inflation slows – cnbc
Stimulus Matters More Than US Election for Chinese Stocks – bbg
China’s Stimulus Aims to Boost Consumption, Top Official Says – bbg
China Lawmakers to Meet During US Election Amid Stimulus Hopes – bbg
Tokyo Inflation Slows Below 2% Ahead of Election, BOJ Meet – bbg
Chinese Stimulus Insufficient to Curb Deflation Risks, IMF Says – Reuters


Thursday 10.24

Business Live – guardian
Nobody Actually Reads Anything – Zerohedge
BlackRock’s Boivin Says Disputed US Election Is Underpriced Risk – bbg
US Sovereign Credit Default Swaps Rise on Election, Debt Ceiling Jitters – Reuters
Widening U.S. Fiscal Deficit a Growing Worry, Says Scope Ratings – Reuters

Stocks making the biggest moves after hours: Dexcom, Capri, Skechers, Capital One and more – cnbc
Stocks and bonds catch a bid; TSLA soars on strong earnings – Newsquawk US Market Wrap
Traders Buy Everything They Sold Yesterday As Rate-Cut Expectations Rebound – Zerohedge
Nasdaq, S&P End Higher as Tesla Jumps, Yields Pull Back – Reuters
S&P 500 rises to end three-day losing run, lifted by surge in Tesla – cnbc
Stocks making the biggest moves midday: Tesla, IBM, Whirlpool, Molina Healthcare and more – cnbc
Palladium Soars After US Seeks Sanctions On Russian Exports, Goldman Warns Of Gamma Squeeze – Zerohedge
US New Home Sales Jumped In September As Rates Fell, But… – Zerohedge
“Firms Are Worried” – US Manufacturing Survey Signals 3rd Straight Month Of Contraction – Zerohedge
US Business Activity Rises in October; Price Pressures Easing – Reuters
Growth in US Business Activity Picks Up on Strength in Services – bbg

 

US PREMARKET
Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more – cnbc
US Labor Market Plodding Along, but Jobs Becoming More Scarce – Reuters
Continuing Jobless Claims Jump To 3 Year Highs – Zerohedge
Futures Rebound After 3 Day Slide As Tesla Surge Lifts Tech, Yields Slide – Ζerohedge
American Airlines Lifts Profit View on Higher Pricing, Sales Strategy Correction – Reuters
Northrop Grumman Lifts 2024 Profit Forecast Again as Global Defense Spending Climbs – Reuters
UPS Returns to Profit, Revenue Growth Ahead of Crucial Holidays; Shares Jump – Reuters
Trump Bets Are Dictating Dollar’s Rally, Says Standard Chartered – bbg
European Auto Stocks Take Heart From Signs of Earnings Relief – bbg
Euro-Zone Private-Sector Economy Fails to Grow for Second Month – bbg
Renault Bucks Europe’s Auto Slump on New Model Demand – bbg
Orange Third-Quarter Sales Rise as French Market Revenue Grows – bbg
Barclays profit jumps 23% in third quarter, beating expectations – cnbc
European stocks set for another mixed open with more earnings to come – cnbc

Asia markets mostly fall after Wall Street extends declines; South Korea avoids technical recession – cnbc
SK Hynix Posts Record Profit After AI Demand Powers On – bbg
Currency Strategists See Risk of Yen Sliding Back as Far as 160 – bbg

Stocks Waver on US Election Risks, Yen Advances: Markets Wrap – bbg


Wednesday 10.23

Business Live – guardian
European stocks could rally after US election into 2025, Barclays says – investing
Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says – cnbc
Treasuries Extend Slide as Traders Worry About the Bond Market – bbg
Harris vs. Trump: Piper Sandler boosts odds for a GOP sweep – investing
How markets are viewing the impact of Trump vs. Harris? – investing

IBM stock slips on disappointing consulting and infrastructure revenue – cnbc
Five Takeaways From Tesla’s Third-Quarter Earnings Report – bbg
Tesla Soars After Unexpected Jump In Profit Margin Suggests Price War Is Over – Zerohedge
Tesla Earnings Surpass Expectations After Strong Deliveries – bbg
Tesla shares jump 10% on profit beat as company benefits from environmental credits – cnbc
Stocks & Bonds hit with Dollar bid in touted Trump Trade – Newsquawk US Market Wrap
Traders Sell Everything As Dollar & Yields Soar To 3-Month Highs – Zerohedge
Wall Street Closes Down, Pressured by Tech Losses and Worries About Rates – Reuters
Dow tumbles 400 points, suffering worst day since early September – CNBC
Dollar’s Path to Best Month in Two Years Fueled by Election, Fed – bbg
Surge in Treasury ‘Term Premium’ Warns of Rising Bond Risks – bbg
Ugly, Dovish Beige Book Warns Of Manufacturing Decline In “Most Districts”, Greenlights Further Rate Cuts – Zerohedge
Stocks making the biggest moves midday: McDonald’s, Spirit Airlines, Boeing, AT&T and more – cnbc
AAPL Slides After Analyst Warns iPhone 16 Orders Cut By 10 Million Units – Zerohedge
US Must Act Now to Change Path of Rising Debt, IMF’s Gaspar Says – bbg
IMF Fiscal Chief Says U.S. Debt Sustainable, but It’s Time for Consolidation – Reuters
Polymarket Cracks Down On US Users As Election Odds Soar In Favor Of Trump – Zerohedge
Qualcomm shares fall after report of Arm threat to scrap key license in escalating dispute – cnbc
20Y Auction Tails Badly Despite Solid Internals – Zerohedge
Trump Can Tap the Brakes on the EV Revolution, But Not Stop It – bbg
Gucci Crisis Drags Kering Shares To Largest Annual Drop Since 2008 – Zerohedge
France’s Kering Warns on 2024 Operating Profit as Gucci Sales Fall – Reuters
European Stocks Drop With Earnings Center Stage; L’Oreal Falls – bbg
US Existing Home Sales Slump To Lowest Since 2010 – Zerohedge
September home sales drop to lowest level since 2010 – cnbc
Bank of Canada Slashes Rates For 4th Straight Month In Biggest Rate Cut Since Covid – Zerohedge

 

US PREMARKET
NextEra sees strong data center interest in restarting Iowa nuclear plant, CEO says – cnbc
US Futures Slide For A Third Day As Dollar, Yield Storm Higher On Trumpflation Trade – Zerohedge
AT&T Exceeds Wireless Subscriber Estimates on Demand for Premium Plans – Reuters
Boeing Expects to Burn Cash Next Year as CEO Says There’s No Quick Fix for Ailing Planemaker – Reuters
Coca-Cola tops earnings estimates, as higher prices offset sluggish demand – cnbc
Another Catastrophic Quarter From Boeing – Zerohedge
Lloyds Says Resilient Borrowers Help Earnings Beat Estimates – bbg
Iberdrola Earnings Climb 23% on Growth in Power and Retail – bbg
Deutsche Bank Flags Credit Risks as Returns to Profit in Third Quarter – Reuters
Deutsche Bank swings back to profit in the third quarter, beating expectations – cnbc
Europe’s markets head for mixed open as traders focus on earnings, including Deutsche Bank – cnbc

Asia stocks mostly rise after Wall Street rally stalls; Tokyo Metro shares soar on debut – cnbc
IMF warns on China’s property market worsening as it cuts country’s growth outlook – cnbc
China’s Historic Stock Jump Unlikely to Find Support in Earnings – bbg
Goldman Cuts Indian Stocks as UBS Says It’s Time to Buy the Dip – bbg

 

Tuesday 10.22

Business Live – guardian
Polymarket Is Singlehandedly Moving The Entire US Bond Market – Zerohedge
JPMorgan, at Odds With Goldman, Sees Solid Run Ahead for Stocks – bbg

Starbucks shares slide after coffee chain says sales fell again, suspends outlook – cnbc
L’Oreal Third Quarter Sales Disappoint as China Spends Less on Beauty – Reuters
Dollar strength continues, with T-Notes hit in technical trade & oil buoyed by the Middle East – Newsquawk US Market Wrap
Wall St Closes Little Changed While Investors Digest Yields, Earnings – Reuters
Gold Hits New Record High As ‘Trump Trade’ Takes Off; Crude & Mega-Caps Gain – Zerohedge
Dow posts back-to-back loss Tuesday as Wall Street’s rally pauses – cnbc
Qualcomm, Alphabet Team up for Automotive AI; Mercedes Inks Chip Deal – Reuters
Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more – cnbc
Trump-linked Phunware’s stock set for biggest gain since March on ‘insane volume’ – Marketwatch
Polymarket Cracks Down on US-Based Users as Whale Bets on Trump – Reuters

 

US PREMARKET
Futures Slide As Global Yields Surge – Zerohedge
Paul Tudor Jones says market reckoning on spending is coming after election: ‘We are going to be broke’ – cnbc
Stocks making the biggest moves premarket: Cheesecake Factory, Sherwin-Williams, 3M and more – cnbc
3M Raises Full-Year Profit Target a Second Time Under Brown – bbg
Philip Morris Shares Soar on Strong Third Quarter – Reuters
Freeport-McMoRan Sees Data Centers Boosting Copper Demand, Beats Q3 Results Estimates – Reuters
Verizon Expects Capex to Rise Next Year on Network Expansion Efforts – Reuters
GM Reports “Solid” Demand For High Margin Vehicles, Tweaks Guidance Higher – Zerohedge
GM raises 2024 earnings guidance after easily topping Wall Street’s third-quarter expectations – cnbc
Lockheed Martin Shares Slide 5% on F-35 Headwinds Despite Lifting Profit and Sales Forecast – Reuters
Goldman Sees Risk of 10% Drop in Euro If Trump Wins US Election – bbg
“The Risks Are Building To The Downside”: IMF Cuts Global Growth Forecast After Warning Global Debt To Hit $100 Trillion – Zerohedge
IMF Lowers Global Growth Forecast, Warns of Increasing Risks – bbg
Germany Approves Plans for €19 Billion Hydrogen Network – Reuters
SAP Shares Hit All-Time High After Upbeat Cloud Business Outlook – Reuters
“In Crisis Mode”: EU Automakers Slide Into First Sales Slump In Two Years – Zerohedge
US in Talks With Asian Nations to Deploy Small Nuclear Reactors – bbg
Saab Profit Rises, Sees Sales Growth at Upper End of Forecast Range – Reuters
SAP shares jump as cloud strength drives beat and raise performance in Q3 – investing
European stocks head for mixed open as earnings dominate attention – cnbc

Asia markets lower after major U.S. indexes slip; Hyundai Motor India shares drop on trading debut – cnbc
Yen Selling Set to Intensify During North American Trading Hours – bbg
Bank Indonesia Intervenes as Trump, Fed Jitters Weigh on Rupiah – bbg
Hyundai Motor India’s Shares Slide in Debut After Record IPO – bbg
Indian Rupee Faces Slow Grind Lower on Oil, China Rotation Risks – bbg

Stocks, Bonds Dip as Fed and Election Risks Weigh: Markets Wrap – bbg

 


Monday 10.21

Business Live – guardian
What the US Election Means for Markets – bbg
What are markets telling us about the U.S. election? – bbg
US Election Is ‘Big Risk’ to Bond Yields, Insight’s Murphy Says – bbg
Morgan Stanley Sees US Bonds Less Exposed to Any Big Trump Win – bbg
Hedge Funds Side With ‘Trump Trades’ in Equities, Says JPM – Reuters
US Vote Outcome Far From Straightforward for Stocks, BofA Says – bbg

Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more – cnbc
Stocks mixed while tech outperforms; bonds slammed – Newsquawk US Market Wrap
Bonds & Bitcoin Dump, Dollar & Crude Jump As Leading Economic Index Hits 8 Year Lows – Zerohedge
Dow, S&P 500 Drop Ahead of Earnings; Investors Cautious After 6 Weekly Gains – Reuters
Dow falls nearly 350 points, snapping a three-day win streak – cnbc
Gold prices driven higher by geopolitical, U.S. election anxiety: strategist – bbg
Bonds Are Selling Off Everywhere as Traders Rethink Fed Pathway – bbg
Stocks making the biggest moves midday: Boeing, UPS, Cigna, Warby Parker and more – cnbc
Maersk Raises Profit Outlook on Strong Market – Reuters
Are The “Magnificent 7” Companies Top Contributors to Earnings Growth for the S&P 500 for Q3? – factset
UPS Gets Rare Sell Call on Rising Competition From Amazon, FedEx – bbg
Dollar Climbs With US Rates on Economic Outlook – Reuters
Analyst bullish on nuclear stocks amid increased power demand – bbg
STOXX 600 Finishes Lower Ahead of Key Earnings Reports – Reuters
European Stocks Drop With Earnings, Mideast Tension in Focus – bbg

 

US PREMARKET
Futures Slide Ahead Of Huge Earnings Week – Zerohedge
US earnings beats spurring bigger stock gains, says Morgan Stanley – INVESTING

Saxo Bank Is Said to Draw Altor-Led Group, Interactive Brokers – bbg
Key Events This Week: PMIs, Durables, Fed Speakers And Earnings Galore – Zerohedge
Treasury 10-Year Yields May Hit 5% in Six Months, T. Rowe Says – bbg
JPMorgan Figures Show Surging Dollar Demand as US Election Nears – bbg
Repsol Halts Green Hydrogen Projects Due to Spanish Windfall Tax – bbg
German Producer Prices Fall More Than Expected in September – Reuters
European markets set to start the new trading week in mixed territory – cnbc

Asia-Pacific markets mixed as investors assess China loan prime rate cut – cnbc
Chinese Stocks Advance in Choppy Trade After Banks Cut Rates – bbg
China cuts benchmark lending rates by 25 basis points – cnbc