TOP MARKETS NEWS: Week 10/24 – 10/30

October 24, 2022
  

Weekend 10/29 & 10/30

Fed and BOE Prepare 75 Basis-Point Salvos on Inflation: Eco Week – bbg
Top 5 Things to Watch in Markets in the Week Ahead – investing
Jittery Stock Traders Eye Four Days That Will Sow Market’s Fate – BBG
Fed Up? Stocks Up! – Reuters

The World’s Food Security Is at Stake as Russia Exits Grain Deal – bbg
Morgan Stanley: Why Inflation Is Likely To Fall Faster Than Most Expect Based On M2 Growth – Zerohedge
Your Sunday Briefing: Racing Toward 5% – bbg
Seriously low diesel supply threatens to worsen inflation – THEHILL
What Happens When Inflation Hits 8%… And What Must Happen For Inflation To Fall – Zerohedge
Germany’s Biggest Union Starts Warning Strikes Over Wage Demands – bbg
Emerging Stocks Are Flashing a 2008 Financial Crisis Signal – bbg
Goldman Sachs Now Sees Fed Rates Peaking at 5% in March – bbg
Your Sunday UK Briefing: A Painful Rate Hike Lies in Wait – bbg
Bolsonaro or Lula: Brazilians Head to Polls for Historic Vote – bbg
Job Markets Are Defying Central Bankers’ Efforts to Cool Demand – bbg
Ukraine Latest: Grain Prices Could Jump After Russian Deal Exit – bbg
Egypt’s Pound Hits Another Grim Milestone in Move to Flexibility – bbg
U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost – Zerohedge
UK Starts to Feel the Pinch From Biggest Rate Rises In 33 Years – bbg
The Semiconductor Shortage Just Quickly Became An Inventory Glut – Zerohedge
How Russia secretly takes grain from occupied Ukraine – ft
Your Sunday Asia Briefing: A Message From the Factory Floor – bbg
Treasury Market Rally Faces Reality Check as Powell Sets Path – bbg
Biden Casts Midterm Ballot Before Hitting Final Campaign Stretch – bbg
Your Saturday Briefing: Terrible Times in Tech – bbg
Your Saturday UK Briefing: Sunak’s First Week – bbg
Strong Dollar Seen Hurting US Outlook and Even Tilting Fed Path – bbg
Italy to Finance First Budget Pledges With €21 Billion Borrowing – bbg
Why Crushing Demand Is Worst Way to Fix Inflation: Q&A With ADP – bbg
Good News: Bad S&P 500 Earnings Are Playing Into the Fed’s Hand – bbg
Record Buybacks Could Be Over. And Investors Might Be Relieved – bbg
Charting the Global Economy: ECB Boosts Rates; Fed, BOE on Deck – bbg
The Lithium Market Is Hotter Than Ever and Traders Are Moving In – bbg
Ukraine Latest: Russia Signals Rapid Kherson Retreat, UK Says – bbg
Russia Halting Involvement in Ukraine Grain Safe-Transit Deal – bbg
US Earnings to Watch: Pfizer, Qualcomm, CVS, Peloton, Coinbase, Uber – bbg
Your Saturday Asia Briefing: Falling Stocks and Melted Gold – bbg
Hopeful U.S. Stock Rally Set for Date With Federal Reserve Reality – Reuters
The Fed’s dilemma: how long to ‘keep at it’ on inflation – ft
Oil Giants Face Backlash for Handing Record Profits to Investors – bbg
What Happened This Week: Twitter, Tech Wreck And Apple – Earnings Week To Remember – investing
New England Utility Urges Biden to Declare Emergency to Avoid Fuel Shortage – bbg
A Stock Investor’s Guide to Brazil’s Presidential Runoff Vote – bbg

 


Friday 10/28

Business Live – guardian
Twitter Caps Nine Years of Largely Unfulfilled Promise on NYSE – bbg
Employment Cost Index Summary – bls

Wall Street Surges to Sharply Higher Close Ahead of Fed Week – Reuters
Stocks rocket into month-end while real yields tumble – Newsquawk US Market Wrap
Dow Soars Towards Best Month In 84 Years Amid ‘Eye-Wateringly Speculative YOLO-ing’ – Zerohedge
Dow closes 800 points higher on Friday, registers fourth straight week of gains – cnbc
Fed Pivot Not on Horizon Even as Over-Tightening Risks Loom Strategists – Reuters
Have Global Central Bank Hawkishness & Inflation Both Peaked? – Zerohedge
Asia would be the biggest loser if the global economy splits up, IMF warns – cnbc
As US-China Relations Worsen, Expect Supply Chain Chaos – Zerohedge
Big-Tech Stocks Lose $400 Billion — And They’re Still Expensive – bbg
China Goes On Crude Buying Spree After OPEC+ Cuts – Zerohedge
Who killed the social media ad boom? – ft
One Million Belgian Employees Expected to Get 11.6% Pay Raise Due to Inflation – Reuters
NextEra Makes Billion-Dollar-Bet on Natural Gas from Landfills – bbg
How Elon Musk Funded $44 Billion Twitter Deal – Reuters
The Outlook for 60/40 Stock-Bond Portfolio Is Best Since 2018, UBS Says – bbg
Global Equity Funds Receive Inflows for First Time in 10 Weeks – Reuters
Stocks making the biggest moves midday: Apple, Amazon, Intel and more – cnbc
Apple Is the Only Big Tech Consolation in Wild $477 Billion Rout – bbg
European Shares Close Higher, Tracking Wall Street Gains – Reuters
Wages Are Soaring in US Cities With the Highest Inflation – bbg
‘Safe port in the storm:’ Why investors rewarded Apple but fled its Big Tech peers after earnings – cnbc
U.S. Data Brings Some Encouraging Signs for Inflation-Weary Fed – Reuters

 

US PREMARKET
UMich Inflation Expectations Increase From September, ‘Hope’ Dips – Zerohedge
US Long-Term Inflation Expectations Pick Up, Sentiment Improves – bbg
US Pending Home Sales Fall by Most in Two Years as Rates Rise – bbg
US Pending Home Sales Collapsed In October, Weakest Since 2010 – Zerohedge
Stocks making the biggest moves premarket: Exxon Mobil, Chevron, Amazon and others – cnbc
December Rate Hike Odds Rise After Fed’s Favorite Inflation Signals Show No Signs Of Slowing – Zerohedge
Rise in U.S. Consumer Spending Beats Expectations; Wage Inflation Slows – Reuters
U.S. Labor Costs Solid in Q3; Private Wage Growth Slowing – Reuters
US Labor Costs Rise at Firm Pace, Keeping Fed Hikes on Track – bbg
US Core PCE Inflation Picks Up While Consumers Show Resilience – bbg
US Sept PCE Price Index Shows Modest Inflation Relief – Reuters
Key US Inflation Gauges Advance, Keeping Fed Hikes on Track – bbg
Key inflation gauge for the Fed rose 0.5% in September, in line with expectations – cnbc
Americans’ Savings Rate Plunges Near Record Lows As Inflation Overwhelms Income Growth – Zerohedge
Fed on Track for Tens of Billions in Losses Amid Inflation Fight – Reuters
VW, Mercedes and BMW Cross Their Fingers as China Risk Escalates – bbg
Growing Pile of Distressed Debt Signals Coming US Default Wave – bbg
Oil Giants’ Massive Profits Revive Calls for Windfall Taxes – Reuters
Exxon Tops Tech Giants as Biggest Cash Producer in S&P 500 – bbg
Exxon Profit Surpasses Expectations on Natural Gas Export Surge – bbg
Exxon Reports Record, Blowout Earnings; Stock Soars To All-Time High – Zerohedge
Chevron’s $11.2 Billion Quarterly Profit Soars Past Estimates – Reuters
Chevron’s Second-Highest Profit on Record Accelerates Big Oil’s Cash Haul – bbg
Futures Slide After Tech Wreck Goes 0 For 5 – Zerohedge
Germany Dodges Recession but Inflation Climbs to 11.6% – Reuters
German Inflation Unexpectedly Soars, Heaping Pressure on ECB – bbg
Norway’s Wealth Fund Posts $43.5 Billion Q3 Loss – Reuters
French Growth Slows as Europe Frets Over Recession: GDP Update – bbg
Porsche Profit Soars With 911 Sales Driving Returns – bbg
Volkswagen backs outlook as profit and revenue rise, recovery in China continues to accelerate – Marketwatch
Volkswagen Says Supply Jams Here to Stay as Earnings Stagnate – Reuters
Sanofi Sees Faster Profit Growth on Dupixent, Flu Vaccine Demand – Reuters
Musk Is Said to Take Twitter CEO Role, Reverse Life Bans – bbg
Airbus Gets Dollar Boost, Explores Higher Wide-Body Output – Reuters
Amazon Selloff Sets Up Retreat Below $1 Trillion Market Value – bbg
Fed May Be Alert to Favoured Yield Curve Alarm :Mike Dolan – Reuters
Analysis-Cracks Appear in Credit Suisse Comeback Plans – Reuters

Marketmind: Tech Melts, Buck Bounces – Reuters
Take Five: It’s Rate-Hike Central – Reuters
Marketmind: Closer to Fine – Reuters

 

ASIA NEWS
Hong Kong stocks fall to new lows since 2009, Bank of Japan holds rates – cnbc
Japan Unveils $200 Billion Fiscal Stimulus To Fight Inflation; Will Do More QE To Fight Adverse Effects Of QE – Zerohedge
Japan’s Kishida Compiles 71.6 Trillion Yen Stimulus Package – bbg
Global Funds Cut China Bond Holdings for Eighth Straight Month – bbg
China Stocks In Worst Ever Post-Congress Rout as Gloom Persists – bbg
BOJ Keeps Ultra-Low Rates as It Still Sees Inflation Cooling – bbg

IMF Cuts Asia’s Economic Forecasts as China’s Slowdown Bites – Reuters

 


Thursday 10/27

Business Live – guardian
Global Stocks Mixed Amid China Gains, US Tech Woes: Markets Wrap – bbg
In Stunning Strategy Reversal, Pentagon Will No Longer Rule Out Use Of Nuclear Weapons Against Non-Nuclear Threat – Zerohedge
Euro Falls, Bonds Gain as Traders Cut Bets on Future ECB Hikes – bbg
Credit Suisse’s Radical Reboot Risks Falling Short for Investors – bbg

Stocks making the biggest moves after hours: Amazon, Apple, Pinterest, Intel and more – cnbc
Apple Slides Despite Top And Bottom-Line Beat After iPhone, Service Revenues Come In Light – Zerohedge
Apple beats but comes up light on iPhone sales and services – cnbc
Pinterest shares soar on third-quarter revenue beat as it bucks online ads trend – cnbc
Amazon Implodes More Than 20% After Missing on Revenues, Disappointing On AWS, Catastrophic Guidance – Zerohedge
Amazon stock sinks 20% on weak fourth-quarter guidance – cnbc
Yields lower after dovish ECB while big tech takes a hit post-Meta – Newsquawk US Market Wrap
Nukes & Pukes – Big-Tech & Bond Yields Plunge On Putin, Pentagon, & Earnings Panic – Zerohedge
Dow closes nearly 200 points higher on better-than-expected GDP report, Nasdaq tumbles as Meta shares plummet – cnbc
Analysis-Recession Fears Threaten Perfect Track Record of Post-Midterm U.S. Stock Gains – Reuters
Pump Prices From New York to Maine Are Rising on Gasoline Shortage – bbg
Single Greatest Wealth Loss In History: $100 Billion Zuck-Bucks Vaporized As Meta-Bet Bombs – Zerohedge
Drop in Used-Car Prices Burn US Auto Dealers But Are Good Sign for Fed – bbg
Credit Suisse Crashes Most Ever After Admitting It Suffered A Bank Run And Breached Liquidity Requirements – Zerohedge
Stocks making the biggest moves midday: Meta Platforms, ServiceNow, Teladoc, Credit Suisse & more – cnbc
US Economy Shows Worst Is Yet to Come, With Cooling Just Starting – bbg
US Mortgage Rates Soar Past 7% for First Time in Two Decades – bbg
Global Currency Trading Surges to $7.5 Trillion a Day, BIS Says – bbg
Aggressive Rate Hikes the Name of the Game for Big Central Banks – Reuters

 

 

US PREMARKET
Housing Slump Takes Deepest Cut From US GDP Since End of 2007 – bbg
Instant View: US Q3 GDP Rise Burnishes Soft Landing Case – Reuters
US GDP Grows 2.6% In Q3 Driven Entirely By Trade; Price Index Comes Cooler Than Expected – Zerohedge
US Core Durable Goods Orders Tumble Most Since COVID Lockdown Collapse, CapEx Shrinks – Zerohedge
US Economy Rebounds Amid Resilient Consumers, Businesses – bbg
ECB hikes rates by 75bp – ing
Euro Slides After ECB’s More Dovish Tone on Rate Outlook – Reuters
Lagarde Comments at ECB Press Conference – Reuters
ECB Hawks Play Down Change in Rate Language as Doves Claim Small Win -Sources – Reuters
ECB Doesn’t Plan to Set QT Start Date in December Talks – bbg
ECB Gets Rid of Subsidy on Bank Loans to Mop up Cash – Reuters
ECB Doubles Rate to Most in Over a Decade Despite Recession Fear – bbg
ECB Wasn’t Unanimous on Hike, Didn’t Want to Signal Future Pace – bbg
ECB Hikes 75bps As Expected And Will “Raise Further” Deciding “Meeting-By-Meeting”, Changes TLTRO Terms – Zerohedge
ECB Hikes Interest Rates Again – Reuters
ECB hikes rates by 75 basis points and scales back support for European banks – cnbc
Parts of Europe Are Starting to Run Out of Diesel – bbg
Futures Coiled Ahead Of Data, Earnings Juggernaut – Zerohedge
Mastercard’s Dim Forecast Clouds Profit Beat on Travel Demand – Reuters
Caterpillar Beats Profit Estimates on Strong Equipment Demand; Shares Rise – Reuters
Meta shares plunge 23% on downgrades, missed earnings and big spending on metaverse – cnbc
Stocks making the biggest moves premarket: Meta, Ford, Honeywell, Caterpillar & more – cnbc
Caterpillar Posts Higher Adjusted Profit on Strong Equipment Demand – Reuters
Merck Third-Quarter Earnings Climb, Lifts Full-Year Outlook – Reuters
US Middle Class Is Doing Great — On Paper: Big Take Podcast – bbg
Analysis-U.S. Junk Bond Investors Face Tough Choice as Yields Spike – Reuters
Taiwan Tensions Raise Alarms Over Risks to World’s Subsea Cables – bbg
Column-Central Bank Guns Spiked by Bank Windfall Backlash: Mike Dolan – Reuters
Unwanted Russian Oil Piles Up on Ships Anchored Near Singapore – bbg
UK Economy’s Latest Headache is Rising Business Borrowing Costs – bbg
Unilever Downbeat on Europe, China Consumer Sentiment – Reuters
Unilever Boosts Sales Goal as It Hikes Prices More Than Ever – bbg
TotalEnergies, Shell Post Bumper Profits, LNG Business Diverges – Reuters
TotalEnergies Clocks $9.9 Billion Profit in Q3, Books New Russian Impairment – Reuters
TotalEnergies Posts Record Profit as Europe Pays Up to Avoid Gas Crunch – bbg
Shell Posts $9.5 Billion Profit, Plans to Boost Dividend – Reuters
Shell to Raise Dividend After Posting Second-Highest Profit – bbg
The Evolution of Credit Suisse Over 166 Years – Reuters
Credit Suisse Reveals “Radical Overhaul,” Shares Plunge On Dilution Concerns, 9,000 Layoffs – Zerohedge
Credit Suisse Says to Raise 4 Billion Francs of Capital – Reuters
Credit Suisse posts huge third-quarter loss as it announces major strategic overhaul – cnbc
Budweiser Maker AB InBev Raises Lower End of Growth Forecast – bbg

Marketmind: Meta Averse, ECB Decides and CS Slides – Reuters
Marketmind: Sinking Feeling – Reuters

 

ASIA NEWS
Hang Seng index leads gains in mixed Asia session; South Korea grows slowest in year – cnbc
Morgan Stanley Slashes China Stock Outlook After Party Congress – bbg
Yen Edges Up To Two-Week High As Crucial BOJ Decision Approaches – bbg
Global Economy in ‘Disequilibrium’ Has Big Risks, Singapore Says – bbg
Hong Kong Pension Fund’s Biggest Plunge Since 2008 Fuels Anger – bbg
China Housing Crisis Fuels Record Loss in Bank of East Asia Debt – bbg

 

Wednesday 10/26

Business Live – guardian

Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment – cnbc
Facebook Craters 20% To 6 Year After Dismal Earnings, Massive CapEx Guidance, Revenue Warning – Zerohedge
Meta shares plummet 12% on weak fourth-quarter forecast and earnings miss – cnbc
Big Tech drags indices lower while Dollar slides and Loonie lags on dovish BoC – Newsquawk US Market Wrap
Tech Wrecks But Bonds, Bullion, & Bitcoin Bid As Rate-Hike Odds Slide – Zerohedge
Nasdaq snaps three-day winning streak as Big Tech weighs down index – cnbc
Euro’s Drop Risks Inflation Via Imports, German Minister Says – bbg
The Recession Signal That Really Counts Just Flashed Bright Red – barrons
Fed’s Favorite Yield Curve Indicator Finally Inverts, Recession Imminent – Zerohedge
Pimco Reloads Stock Shorts, Says Tech Is ‘Canary in Coal Mine’ – bbg
Rates Spark: Changing the rules of the game – ing
“A Paradoxical Situation”: Germany Is Dismantling A Wind Farm To Make Way For A Coal Mine – Zerohedge
Fed’s Yield-Curve Barometer Starts Flashing Recession Risk – bbg
WTI Extends Gains As ‘Strategic Midterm Reserve’ Hits 1984 Lows – Zerohedge
Institutions, Retail Investors Flood Back Into Stocks After Best Week In Months; Target FAAMG, Chinese Stocks – Zerohedge
Quotes: Top Bank of Canada Officials Speak After Rate Decision – Reuters
Will The S&P 500 Hit 2,900 By The End Of The Fed’s Tightening Cycle? – Zerohedge
U.S. Inflation Reduction Act a Risk to Europe’s Industrial Base, EU’s Vestager Says – Reuters
They Blinked: Bank of Canada Hikes Less Than Expected, Sparking Debate If Fed Will Also “Surprise” Next Week – Zerohedge
Microsoft Plunges on Forecast for Lackluster Azure Growth – bbg
Meet The 7 Men Who Will Rule China – Zerohedge
It looks like China’s Xi ‘installed a war cabinet’ and removed the reformers, says Kyle Bass – Marketwatch
US New-Home Sales Decline as Mortgage Rates Sap Demand – bbg
New Home Sales Plunge In September As Mortgage Rates Resurged – Zerohedge
Europe Risks Diesel Supply Shock as Russia Oil Sanctions Near – bbg
Morgan Stanley’s Wilson Says Bear Market May End in Early 2023 – bbg
German Factories Have Done Almost All They Can to Save Gas – bbg

 

 

US PREMARKET
Futures Slide As Tech Giants Shed $300 Billion; Dollar Tumbles For 2nd Day – Zerohedge
JPMorgan Asset Sees Treasury Rout Worsening on Inflation Risks – bbg
Stocks making the biggest moves premarket: Boeing, Hilton, Harley-Davidson and others – cnbc
US 30-Year Fixed Mortgage Rate Tops 7%, Hits Highest Since 2001 – bbg
Boeing Unexpectedly Reports Surge In Free Cash Flow, Despite Massive Cost Overruns – Zerohedge
Boeing’s $2.8 Billion Defense Loss Drives Another Earnings Miss – cnbc
Boeing Takes $2.8 Billion Hit in Defense Business, Keeps Cash Flow Goal – Reuters
SocGen Strategists Say European Stock Valuations Near Buy Signal – bbg
Chipmakers in ‘Unprecedented’ Slump Rule Out Quick Turnaround – bbg
U.S. Mortgage Interest Rates Jump to 7.16%, Highest Since 2001 – Reuters
Carlsberg Lifts 2022 Profit Outlook – Reuters
Goldman Sachs Says US Equity Bottom Conditions Are Not There Yet – bbg
European Banks Cash in on Rising Rates as Clouds Gather – Reuters
US Dollar Drops to Three-Week Low as Traders Weigh a Fed Pivot – bbg
European markets fluctuate after hitting five-week high; Heineken down 8% – cnbc
Mercedes Hikes Profit Goal With Demand Outstripping Supply – bbg
Marketmind: Consumer Drain as Banks Gain – Reuters
Heineken Sees Signs of Softer Demand as Inflation Hits Drinkers – bbg
Barclays posts profit beat for the third quarter on strong bond trading revenue – cnbc
Barclays Traders Beat Estimates While Uncertainty Freezes Deals – bbg
Deutsche Bank Lifts Revenue Outlook as Rising Rates Fuel Trading – bbg
Deutsche Bank Reports Big Jump in Profit Despite Slump in Dealmaking – Reuters
Deutsche Bank logs ninth straight quarter of profit with big earnings beat – cnbc
UniCredit Boosts Targets a Second Straight Quarter on Rates – bbg
Reckitt Narrows Sales Target Amid Strong US Demand for Baby Food – bbg
Puma Confirms Operating Profit, Sales Outlook After Q3 Results – Reuters
Santander Profit Beats Estimates on Central Bank Rate Tailwind – bbg
Traders Seek ECB Action on Collateral Shortage Warping Markets – bbg

Marketmind: Dancing in the Dark – Reuters

 

ASIA NEWS
Hang Seng rebounds slightly as Asia markets rise; Australia inflation hits highest in 32 years – cnbc
Hong Kong stocks halt five-day slump as Meituan and Tencent rally, authorities seek to calm markets and foreign funds return – scmp
China’s Yuan Soars Most On Record After Beijing Orders Banks To Dump Dollars – Zerohedge
Wuhan Locks Down Part of City Center as Covid Cases Emerge – bbg
One Bank Makes A Stunning Discovery: The Bank Of Japan’s YCC Is Broken And Soon The Entire JGB Market Will Cease To Exist – Zerohedge
Japan Expected to Keep Last Central Bank Negative Interest Rate – bbg
China Says It’s Historically ‘Closer Than Ever’ to Taiwan Unity – bbg
Chinese State Banks Sold Dollars to Support Yuan Late on Tuesday – Sources – Reuters
Korea’s Hynix Warns US Curbs Could Shut Giant China Chip Plant – bbg
Analysis-Wages, Not Yen, Key to When Japan Shifts Away From Ultra Low Rates – Reuters
Hong Kong Rout Threatens $15 Billion Derivatives Held by Koreans – bbg
SK Hynix to Halve 2023 Capital Spending After Profit Plunge – bbg

Asia Stocks Set to Rise on US Rally, Dip in Yields: Markets Wrap – bbg

 

 

 

Tuesday 10/25

Business Live – guardian

Bristol Myers Q3 Sales Fall on Revlimid, Forex Pressure – Reuters
Texas Instruments’ Forecast Signals Chip Demand Slump Is Spreading – bbg
Spotify Tops Subscriber Forecasts, Sees Margin Pressure This Quarter – bbg
Visa Profit Rises as Consumer Spending Boosts Payment Volumes – Reuters
Visa’s Spending Growth Slows as Consumers Are Hit by Inflation – bbg
Alphabet Plunges After Missing Across The Board, Drags Nasdaq Lower After Hours – Zerohedge
Google parent Alphabet drops as earnings, sales miss estimates – bbg
Alphabet misses on top and bottom lines as YouTube ad revenue drops in the quarter – cnbc
Microsoft’s Profits Hurt by European Energy Crisis, CFO Says – bbg
MSFT Beats Top- & Bottom-Line; But Shares Slide On Rising Cloud Costs, Margin Pressure – Zerohedge
Microsoft beats but cloud growth comes in short – cnbc
Dash out of cash as stocks, bonds, and commodities spike higher – Newsquawk US Market Wrap – Zerohedge
Surging Crypto, Swap-Spreads, Bonds, & Stocks Signal “Something’s Afoot” – Zerohedge
Stocks close higher for third consecutive day, Nasdaq adds 2.2% ahead of Big Tech earnings – cnbc
What’s Going On: Japan FinMin Says FX Intervention “Coordinated” With US; Yellen Says No Idea What He Is Talking About – Zerohedge
Short Sellers Made a Fortune Everywhere This Year Except Energy – bbg
Labor Secretary Marty Walsh warns of this looming economic ‘catastrophe’ – Marketwatch
Marketmind: This Is the Yuan – Reuters
PayPal shares rise after Amazon adds Venmo as checkout option – cnbc
Markets Are Finally Grasping That China Is A Marxist State – Zerohedge
Diesel Shortage This Winter to Push Fuel Prices Higher, Goldman Warns – bbg
Druckenmiller: A Decade Of No Returns – Zerohedge
Analysis: UK’s Hunt Faces Triple Threat From Debt, Recession and Conservative Rebels – Reuters
An economic index is flashing a recession warning sign, but it may be a ‘mixed signal.’ Here’s what you need to know – cnbc
Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more – cnbc
UK Bonds Join Global Rally as Traders Wait for Fiscal Plan – bbg
BofA’s Client Flows Into Single Stocks Near Historic Levels – bbg
West Texas Natural Gas Prices Go Negative for First Time in Two Years – bbg
Wall Street Bankers See Darker Economic Outlook, Political Risks – bbg
Linde’s Frankfurt Exit Is Testimony to DAX Index’s Struggles – bbg
Amazon Is Testing Venmo Payments Ahead of Holiday Shopping Surge – bbg
Fed’s Bullard, Evans, Show Two Paths to the Same Policy Rate – Reuters
Goldman’s Solomon: Fed Could Raise Beyond 4.5-4.75% if No ‘Real Changes in Behaviour’ – Reuters

 

US PREMARKET
Inflation Worries Hurt U.S. Consumer Confidence; House Prices Decelerating – Reuters
US Home-Price Growth Slows Most on Record as Market Hits Brakes – bbg
Home prices cooled at a record pace in August, S&P Case-Shiller says – cnbc
Home Prices Plunge Most Since 2009, Pulte CEO Fears “Financial & Psychological Hurdles” Ahead For Homebuyers – Zerohedge
Stocks making the biggest moves premarket: Coca-Cola, General Motors, JetBlue and others – cnbc
Futures Trade In Narrow Range Ahead Of Tech Giant Earnings – Zerohedge
Coca-Cola raises full-year outlook as earnings beat expectations – cnbc
Coca-Cola beats profit estimates, raises full-year guidance – bbg
Halliburton Earnings Double Amid Surging Global Crude Demand – bbg
Halliburton Profit Tops Wall Street Estimates as Oil Activity Booms – Reuters
UPS reaffirms its outlook for 2022 as it posts mixed quarterly results – cnbc
General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid ‘headwinds’ – cnbc
GM’s Strong Q3 Results Ease Investor Fears of Slowdown – Reuters
GM Beats Wall Street Estimates on Stronger US Sales – bbg
GE cuts targets as wind woes push 2022 goals out of reach – bbg
Futures Edge Lower as Earnings Flood In – Reuters
Japan’s yield curve control is “broken” — DB – ft
Inflation’s Toll Starts to Drag on Consumers Powering US Economy – bbg
European Nat Gas Prices Briefly Turn Negative Amid Sudden Lack Of Storage – Zerohedge
Japan FX intervention on 24 October estimated to have cost ¥700 billion to ¥900 billion – forexlive
Amundi warns on hidden leverage in the financial system – ft
Sunak to Struggle in Fight to Lift UK Stocks Out of Doldrums – bbg
German Ifo weakens again in October – ING
Shunned Digital Currency Looks for Street Credibility in Nigeria – bbg
Fed Is Losing Billions, Wiping Out Profits That Funded Spending – bbg
Air Liquide Flags Slowing Demand in Europe as Q3 Sales Slightly Beat Expectations – Reuters
SAP Third-Quarter Revenue Beats Estimates as Cloud Earnings Rise – bbg
Software Maker SAP’s Q3 Results Beat Expectations – Reuters
ECB Weighs Options to Limit Banks’ Gains From Crisis Loans – bbg
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 – Deloitte – Reuters
Russia Ships Record Volumes of Gas and Steelmaking Coal to China – bbg
France enters ‘white gold’ rush as top producer aims to supply Europe with lithium – cnbc
Europe’s Inflation Squeeze to Linger Even as Gas Prices Drop – bbg
Big Oil’s Profits Just Keep Rolling in as World Economy Sputters – bbg
Swiss bank UBS posts 24% profit slide but beats analyst expectations – cnbc
Novartis Earnings Slip 4% on Strong Dollar, Gilenya Competition – Reuters
UBS Profit Beats Estimates as Rate Tailwind Offsets Market Slump – bbg
UBS Logs 24% Quarterly Profit Fall but Beats Expectations – Reuters
European markets set for flat open as investors watch earnings, monetary policy – cnbc

Marketmind: Tech Tonic and Sunak Salve – Reuters
Marketmind: Delayed, Not Denied – Reuters

ASIA NEWS
Hong Kong markets rebound slightly after plunge, Asia-Pacific markets rise – cnbc
Vulnerable Yen’s Bigger Problem Now Importers Not Speculators – bbg
China’s Budget Deficit Nears Record $1 Trillion as Economy Slows – bbg
China Stock Foreign Holdings Top Request Amid Slump, BofA Says – bbg
Rising U.S. Rates Pose Biggest Risk for Japan but Recession Unlikely – Reuters
Era of Negative-Yielding Debt Close to End as Japan Yields Rise – bbg
China’s Fosun Aims to Sell $11 Billion of Assets in Next Year – bbg
China Stocks Slide Again as Investors Fret Over Xi’s New Term – bbg
China’s Historic Market Rout Goes Missing From State Newspapers – bbg
Australia Asks Its Biggest Investors to Help Fix Housing Crisis – bbg
HSBC Beats Estimates in Third Quarter as Lending Income Jumps – bbg
China’s Yuan Drops as PBOC Sets Fix at Weakest Level in 14 Years – bbg
M Stanley Lists US Institutional Ownership Forecast in CN ADRs (Table) – aastocks
PBOC Adjusts Cross-Border Borrowing Rules to Allow More Inflows – bbg
Foreigners Flee China Stocks at Record Pace as Panic Spreads – bbg
Wage Hikes Cheered by BOJ Becoming Bullish Sign for Japan Shares – bbg
Chinese mutual fund assets hit record – fundselectorasia
RBNZ Is ‘Hopeful’ Inflation Has Peaked, Chief Economist Says – bbg
Researchers Find Possible Replacement for Rare Earth in Magnets – bbg

Global Stocks Set to Extend Gains, China to Fall: Markets Wrap – bbg
Marketmind: Tech Tonic – Reuters

 

Monday 10/24

Business Live – guardian

Stocks making the biggest moves after hours: Qualtrics, W.R. Berkley, Discover Financial and more – cnbc
Amazon Shares Dump After Reported Hiring Freeze In AWS Division – Zerohedge
BMW Supplier European Lithium Is in Talks to Merge with Sizzle SPAC – bbg
US stocks were bid across the board although small caps underperformed – Newsquawk Asia-Pac Market Open
US Stocks & UK Bonds Soar As China Chunders, Yen-tervention Fails – Zerohedge
Stocks notch second day of gains Monday, Dow closes more than 400 points higher – cnbc
Tesla options hint at trouble ahead with bets near US$200 a share – bbg
Nomura Is “Underwhelmed” At Timiraos “Fed-tervention”; Beware Of “Crap-tastic” Earnings Expectations – Zerohedge
U.S. Yields Climb as Hawkish Fed Concerns Outweigh Weaker Economic Data – Reuters
Sunak’s Prize for Predicting Truss Chaos: He Gets to Clean Up the Mess – bbg
HSBC’s Major Raises Prospect of Ultra-Low US Rates Returning – bbg
Texas Natural Gas Prices Sink Close To Zero – oilprice
Stocks making the biggest moves midday: Avis, Pinduoduo, Starbucks, Alibaba and more – cnbc
Putin’s Threats Worry Ukraine’s NATO Allies as Sign of Russian Desperation – bbg
Apple Hikes Price of Apple TV+ to $6.99, Raises Music to $10.99 – bbg
China tech stock sell-off spreads to New York after Xi cements rule – asianikkei
China ADRs Tumble as Xi’s New Team Sparks Worries Over Economy’s Path – Reuters
U.S.-listed Chinese stocks drop 20% after Beijing’s power reshuffle makes the market ‘uninvestable’ – cnbc
Two-Cent Venezuela Bonds Lure Traders Hunting Lottery-Like Score – bbg

Key Events This Extremely Busy Week: GDP, Employment Costs, PCE, Income & Spending, And An Earnings Avalanche – Zerohedge
Marketmind: BOJ, BoJo, Beijing and Bond Bounce – Reuters
China’s risk premium on the rise; critical earnings week ahead – saxo

 

 

US PREMARKET
US Futures Stabilize After Rollercoaster Session As Yuan, Chinese Stocks Crater – Zerohedge
US PMIs Plunge Into ‘Contraction’ In Early October, New Orders Weakest Since COVID Lockdowns – Zerohedge
US Business Activity Contracts for Fourth Month, Orders Shrink – bbg
EU Sanctions Already Crimping Russian Crude Sales to Prime Markets – bbg
How Will Insuring Russian Oil Work? ‘We Don’t Yet Properly Know’ – bbg
Stocks making the biggest moves in the premarket: Tesla, WeWork, Alibaba and more – cnbc
UK Firms Struggling With Costs Churn Out More Profit Warnings – bbg
Soaring Cost-Of-Living Crisis Brings Back 1970s Shopping Habits – bbg
Eurozone PMI falls further into recessionary territory – ing
Euro Zone October PMI Adds to Evidence Bloc Is Heading for Recession – Reuters
Euro-Zone Downturn Deepens, Making Recession More Likely – bbg
German Contraction Intensifies as French Private Sector Stalls – bbg
The last stage of the dollar market will see more big moves than direction – SocGen – fxstreet
German Companies Increasingly Struggling to Access Credit – Ifo – Reuters
UK Bonds Surge With Sunak as Frontrunner in Leadership Race – bbg
No Messing Around With Red-Hot Inflation: Five Questions for the ECB – Reuters
Goldman to BofA See Worst Year Since 2008 for European Equities – bbg
European markets open higher with stoxx up 1.3%; UK leadership contest nears deadline – cnbc
Philips to Cut 5% of Workforce as New CEO Acts to Counter Falling Sales – Reuters
Summers Watching Japan ‘Very Carefully’ With Yen, Rates Risks – bbg
Tesla Cuts China Prices, Partly Reversing Previous Increases – bbg

 

ASIA NEWS
Hong Kong’s Hang Seng down around 5% in mixed Asia trade; Japan’s yen weakens despite reports of intervention – cnbc
JPMorgan’s Kolanovic Calls China Stocks Selloff a Buying Moment – bbg
China Equity Selloff Not on Fundamentals, Creates Opportunity – JPM – Reuters
China’s Plunging Market Has Become a High-Risk Bet on Xi Jinping – bbg
Analysis-Xi’s Next Premier Faces Tough Task Reviving Chinese Economy – Reuters
Japan’s Suspected Intervention Estimated at Record $37 Billion – bbg
China’s Yuan Weakens Past 7.3 Per Dollar Amid Growth Concern – bbg
Alibaba, JD.com Tumble in US as Xi Asserts Full Control in China – bbg
China Imposes Covid Curbs in Center of Factory Hub Guangzhou – bbg
China Home Prices Fall for 13th Month as Property Woes Persist – bbg
China Economy Shows Mixed Recovery as Industrial Activity Climbs – bbg
China GDP and activity data show mixed recovery from Covid – ing
China’s Exports to Major Markets Slump, Russian Trade Strong – bbg
China’s Export Growth Slows as Global Demand Weakens – bbg
China’s Sept Exports Grow 5.7%, Beat Forecasts, Imports Weak – Reuters
China GDP beats with a bounce in the third quarter, delayed data shows – cnbc
Taiwan to Boost Energy Inventories Amid China Threat – Reuters
Korea $35 Billion Credit Plan Spurs Relief Rally in Won, Stocks – bbg

Asian Shares Poised to Advance After Yields Dip: Markets Wrap – bbg
Marketmind: BOJ Steps Up, Boris Bows Out, Xi Stays Put – Reuters

 

 

 

 

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