TOP MARKETS NEWS: Week 10/31 – 11/06

October 31, 2022
  

Weekend 11/05 & 11/06

Inflation Data, Midterm Elections Loom for Struggling U.S. Stock Rally – Reuters
US Inflation to Pose Fresh Test for Powell’s Fed: Eco Week Ahead – bbg
Republicans Will Sweep Both House And Senate: Stifel – Ζerohedge
Top 5 Things to Watch in Markets in the Week Ahead – investing
Forecasting the Future of Election Prediction Markets – nyt

Meta could begin large-scale layoffs this week, report says – cnbc
The Shrinking Trillion Dollar Market Cap Club – Ζerohedge
Europe May See Forced De-Industrialization As Result Of Energy Crisis – Ζerohedge
Aussie Slumps as China Vows to Stick With Covid-Zero Strategy – bbg
Your Sunday Briefing: The Final Countdown – bbg
Following the Fed Goes Out of Fashion in ‘Messier’ World Economy – bbg
China Markets Set for More Volatility as Covid-Zero Policy Stays – bbg
Your Sunday Asia Briefing: Spend, Spend, Spend – bbg
Peak in Bond Yields That Appeared Close Has Vanished From Sight – bbg
The Fall of Big Tech Is Boosting Stock Quants on Wall Street – bbg
China to ‘Unswervingly’ Keep to Covid Zero Policy, Dashing Hopes – bbg
Your Saturday Briefing: Things Are Heating Up – bbg
HKMA Buys HK$3.054 Billion From Market as Currency Weakens, Aggregate Balance Below HK$100 Billion Mark – Reuters
Scholz’s China-Appeasing Visit With Xi Triggers Backlash In Europe – Zerohedge
Two Adidas Shareholders Back Puma’s Gulden as Potential New CEO – bbg
Biden Feud With Big Oil Ratchets Up Just as World Needs More US Oil – bbg
Pound to Lead UK Market Suffering as BOE Flags Long Recession – bbg
Powell Snub Leaves Stock Bulls Facing Ruthless Valuation Math – bbg
UK Economists Say BOE Outlook for Deep Recession is Misleading – bbg
A Stock Trader’s Guide to China’s Potential Exit From Covid Zero – bbg
Fed Sees Risk of Big Declines in Still-Lofty US Housing Prices – bbg
Summers Sees Risk Fed Needs to Hike Past 6% to Curb Inflation – bbg
Something Has Snapped: Unexplained 2.3 Million Jobs Gap Emerges In Broken Payrolls Report – Ζerohedge
US Earnings to Watch: Disney, Lyft, Rivian, NIO, Tapestry – bbg
Asia Earnings Week Ahead: SoftBank, SMIC, Nintendo, NAB, Nissan – bbg.
S&P 500 EARNINGS SEASON UPDATE: NOVEMBER 4, 2022 – factset

 

Friday 11/04

Business Live – guardian
Analysis-China’s Markets Clutch at Economy Reopening Straws – Reuters

Historic Dollar selling as China reopening gains traction, mixed NFP an afterthought – Newsquawk US Market Wrap – Ζerohedge
Powell, Payrolls, & Positioning Spark Chaotic Week Across Markets – Ζerohedge
Dow closes 400 points higher, but snaps four-week win streak on rising rate fears – cnbc
Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more – cnbc
Apple Adds iPhone 14 Production In India Amid China Zero Covid Chaos – Ζerohedge
EXCLUSIVE G7 coalition has agreed to set fixed price for Russian oil -sources – Reuters
Fed Officials Eye Further Rate Hikes, With Possible Peak Above 5% – bbg
Copper Soars by Most Since 2016 on China Reopening Hopes, Dollar Slump – bbg
US Labor Market Cools, Barely, Leaving Fed’s Job Far From Done – bbg
Still-Strong U.S. Jobs Report May Show Weakening in Some of the Details – Reuters
Global Equity Funds Gain Inflows for Second Week in a Row – Reuters
Euro Zone Downturn Deepens, Points to Winter Recession – Reuters

 

 

US PREMARKET
Fed Swaps Price In 5.25% Peak for Policy Rate in June 2023 – bbg
2-year Treasury yield notches new 15-year high on better than expected jobs report – cnbc
Expert View: Strong Oct US Payrolls Do Not Give Fed Much Scope to Relax – Reuters
Resilient US jobs market presents a dilemma for the Fed – ing
‘Bad’ Payrolls Print Sparks Dovish Buying Panic Everywhere – Ζerohedge
US Adds Jobs at Robust Pace, Underscoring Labor Market Strength – bbg
October Payrolls Smash Expectations Even As Unemployment Rate Unexpectedly Spikes – Ζerohedge
U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong – cnbc
Stocks making the biggest moves premarket: DraftKings, Cinemark, Hershey and more – cnbc
Futures Jump On China Reopening Rumors Ahead Of Key Jobs Report – Ζerohedge
Puma CEO Gulden Set to Become New Adidas Head -Source – Reuters
China to Offer BioNTech Covid Shot to Expats, Scholz Says – bbg
The UK Car Market Is Heading for Its Worst Sales Year Since 1982 – bbg
BofA Says Rush to Cash Is Now at Fastest Pace Since Pandemic – bbg
Euro Zone Producer Prices Rise Slightly Less Than Expected in Sept – Reuters
German Factory Orders Accelerate Drop as Winter Gas Crunch Looms – bbg
German Industrial Orders Drop in Sept as Foreign Demand Dives – Reuters
Crypto Gloom Deepens on JPMorgan Team’s Venture Capital Warning – bbg
Apple Adds a New IPhone 14 Supplier in India in Shift From China – bbg
Societe Generale Beats Estimates as Traders Post Bumper Quarter – bbg
End Of An Era: Profits Finally Peak For Shipping Giant Maersk – Ζerohedge

Take Five: No Time to COP Out – Reuters
Marketmind: Relief, Hope and Speculation – Reuters

 

ASIA NEWS
Hong Kong’s Hang Seng index surges 7% on China reopening speculation; Asia markets mixed – cnbc
Here’s what we know about the rebound in Chinese stocks this week – cnbc
Chinese Stocks In Hong Kong Record Best Week Since 2015 Amid Fresh Optimism For Easing Covid Restrictions – Ζerohedge
Chinese Yuan Has Best Day In Decades As Good News Piles Up – Ζerohedge
China Stocks Notch Trillion-Dollar Gain on Hopes of Reopening, Better U.S. Ties – Reuters
China Stocks Head for Best Week in Two Years on Reopening Bets – bbg
CN Reportedly Prepares to End Covid Flight Suspensions; Cathay Pacific, 3 Major CN Airlines Jump 5-7.5% – aastocks
China Stocks Eye Best Week in Years on Audit, Reopening Hopes – Reuters
U.S. Audit Inspection of Chinese Companies in Hong Kong Ends – Sources – Reuters
US Officials Reportedly Complete 1st Round of On-site Audit Checks on CN ADRs Earlier than Expected; HSI Soars Over 1,100 pts after Midday – aastocks
Barclays cuts China GDP outlook after forecasting U.S., Europe recession – cnbc
China to make substantial changes to COVID policy soon – former govt expert – zawya
Tiger Global Funds Cut China Exposure and Pause New Stock Bets – bbg
Key Meetings to Offer Clues on China’s Economic Path Forward – bbg

Stocks Face Headwinds From Renewed Recession Fears: Markets Wrap – bbg

Thursday 11/03

Business Live – guardian
Markets Expect Fed to Lift Policy Rate Above 5% by March – Reuters

US Chip-Gear Makers Told to Wait for Relief From China Curbs – bbg
The Profit Recession Is Now Here… And The Worst Is Yet to Come – Ζerohedge
Fed-induced outflows extend ahead of NFP while Dollar soars – Newsquawk US Market Wrap
Stocks making the biggest moves after hours: Block, PayPal, Carvana, Twilio and more – cnbc
Carvana Slides on Wider-Than-Expected Loss as Used Car Demand Shrinks – Reuters
Coinbase CFO Sees Risk of ‘Sustained’ Revenue Hit in Crypto Rout – bbg
Coinbase’s Third-Quarter Sales Miss Wall Street’s Targets – bbg
Block Shares Climb on Earnings Beat, Cash App’s Growth – bbg
PayPal’s ‘Prudent’ Revenue Growth Forecast Cut Sinks Shares – Reuters
PayPal’s Cost-Cutting Push Seen Salvaging Profits for the Year – bbg
Stocks close lower for a fourth day, Nasdaq sheds 1.7% as October jobs report looms – cnbc
‘The Smell Of Fear’ Remains Absent After Powell ‘Rug Pull’, Nomura Hikes Terminal Rate Forecast – Ζerohedge
Stocks making the biggest moves midday: Under Armour, Robinhood, Peloton, Lincoln National and more – cnbc
Sunrun Surges After Beating Third-Quarter Revenue Estimate – bbg
Norges Bank Slows Pace of Rate Hikes as Economy Cools – bbg
Inter IKEA Posts 45% Profit Fall on Costs, Russia – Reuters

 

US PREMARKET
U.S. Factory Orders Rise Moderately in September – Reuters
US Services Surveys “Paint A Concerning Picture” Into Year-End, Export Orders Collapse – Ζerohedge
US Services Gauge Falls to Lowest Since May 2020 as Orders Cool – bbg
U.S. Service Sector Slows in October; Price Pressures Build up – ISM Survey – Reuters
UK Bonds Swing, Pound Slides After BOE Points to Lower Peak Rate – bbg
Futures Tumble After Powell Rugpull, BOE Hike On Deck – Ζerohedge
Bank of England Chief Says Shocks Hitting UK Worse Than in 1970s – bbg
UK faces longest recession since records began, Bank of England says – cnbc
BoE Hikes Rates By Most In 30 Years, Pushes Back Against Hawkish Market Expectations – Ζerohedge
BOE Hikes by 75 Basis Points But Rejects Market Rate Path – bbg
Bank Rate increased to 3% – November 2022 – BOE
Bank of England Makes Historic Rate Hike Despite ‘Very Challenging’ Outlook – Reuters
Under Armour Cuts Annual Forecasts as Sportswear Demand Slumps – Reuters
Moderna Cuts Forecast, Misses Estimates as Orders Delayed – bbg
Moderna Shares Tumble After Cutting Sales Forecast for COVID Vaccine – Reuters
ConocoPhillips Doubles Down on Investor Returns After Bumper Oil and Gas Profits – Reuters
Peloton Forecasts Weak Revenue for Holiday Quarter, Shares Slump – Reuters
UK Services Slump at Fastest Pace Since Early 2021 – PMI – Reuters
Marriott Joins Hilton in Lifting Profit Forecast on Unabated Travel Demand – Reuters
Business price expectations show no quick turnaround for eurozone core inflation – ing
European Shares Slide as Fed Hints at Tightening for Longer – Reuters
A $440 Billion Fund Cuts Dollar Bets With Fed Cycle in New Phase – bbg
Europe’s Imperfect Options for Transforming Its Energy Markets – bbg
Fed Is Still Enemy No. 1 for Wall Street Traders Eyeing Up Bonds – bbg
Rolls-Royce Falls as Engine Deliveries Hit Low End of Forecasts – bbg
Europe – the Warning Light Flashing on Carmakers’ Dashboards – Reuters
BMW Expects Sales Dent as Inflation Hits Consumer Buying Power – Reuters
BMW Earnings, Sales Rise on Higher Prices for its Top-End Cars – bbg
BNP Paribas Profit Tops Forecast Despite Higher Costs, Debt Markdown – Reuters
BNP Rides Rising Rates as Lending, Debt Trading Fuel Profit Beat – bbg
Stellantis Sales Rise 29% in Q3 but Delivery Issues Cast Cloud – Reuters
Stellantis Revenue Surges on Strong Prices, Rising Deliveries – bbg
ING Groep Launches $1.5 Billion Buyback Despite Q3 Pre-Tax Profit Slump – Reuters
Analysis-Weary Investors See Little Respite to Fed Hike Gloom – Reuters
Goldman Says Hawkish Fed Favors EM Currencies With US Exposure – bbg
European stocks head for lower open as global markets react to another Fed hike – cnbc

Marketmind: Slower, Higher, Longer – Reuters
Marketmind: One Central Bank Drama After Another – Reuters

 

ASIA NEWS
Hong Kong stocks lead losses in Asia-Pacific session after Fed signals more hikes ahead – cnbc
China Stocks Slide on Covid Zero Adherence, Hawkish Fed Comments – bbg
Explainer-What’s Behind Hong Kong’s Tightening Cash Conditions? – Reuters
Big Shorts Are Quickly Turning Dangerous in China’s Wild Market – bbg
China Property Bonds Are ‘No Longer Analyzable’ as Crisis Grows – bbg
Traders Betting Against HK Dollar Will Lose, Finance Chief Says – bbg
China’s Top PC Maker Posts Profit Above Estimates as Sales Beat – bbg

Asia Shares to Drop as Powell Primes Further Hikes: Markets Wrap – bbg

 


Wednesday 11/02

Business Live – guardian
Marketmind: Turn, Turn … Turn? – Reuters
Powell Pulls Rug Out From Euphoric Fed Statement Reaction, Terminal Rate Spikes – Zerohedge

Don’t Tell Powell, But US Rents Just Tumbled The Most On Record As Economy Craters – Zerohedge
Albemarle Profit Hits Record High as EV Boom Powers Lithium Demand – bbg
Robinhood’s Results Are Latest to Fall Victim to Crypto Winter – bbg
Robinhood Posts Smaller-Than-Expected Loss; Shares Rise – Reuters
EBay Rallies With Top End of Profit Forecast Beating Estimates – bbg
Roku Plunges 24% on Forecast for Loss, Shrinking Ad Budgets – bbg
Qualcomm Sharply Lowers Forecast on Smartphone Slump, Shares Slide – Reuters
Qualcomm Gives Downbeat Forecast as Phone Market Deteriorates – bbg
Qualcomm revenue up 22% but shares fall on first-quarter guidance – cnbc
US stocks declined following Powell’s hawkish presser – Newsquawk Asia-Pac Market Open
Dow closes 500 points lower, Nasdaq sheds 3% as Fed Chair Powell signals intent to continue hiking rates – cnbc
IPhone Supply Chain Takes Hit From Xi’s Covid-Zero Enforcers – bbg
Bait-and-Switch Powell Puts Lights Out on Half-Hour Market Party – bbg
‘This Is a Devil’s Bargain’: Wall Street Reacts to Fed Rate Decision – bbg
Full recap of the latest Fed rate hike and Chair Jerome Powell’s market-moving news conference – cnbc
Fed Delivers Fourth 75 Bp Hike, Signals Scale-Back Coming – Reuters
Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead – cnbc
Another Big CBDC Flop… Here’s What Really Comes Next (And It’s Not What The Elites Hoped For) – Zerohedge
Boeing Is Making a Comeback With $10 Billion in Cash by Mid 2020s, CEO Says – bbg
Peter Schiff: The Real Estate Bubble Is Losing Air & A Financial Crisis Is Coming – Zerohedge
Axa 9-Month Revenue up 2%, Faces 400 Million Euro Hit From Hurricane Ian – Reuters
Stocks making the biggest moves midday: Tupperware, Airbnb, Paramount, Estee Lauder and more – cnbc
Factbox-Chipmakers Cut Spending as Demand Boom Makes Way for Downturn – Reuters

 

 

US PREMARKET
OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey – Reuters
US Firms Added 239,000 Jobs, Boosted by Leisure Sector, ADP Says – bbg
U.S. Private Payrolls Growth Accelerates on Services Sector in October – Reuters
Private payrolls rose 239,000 in October, better than expected, while wages increased 7.7%, ADP says – cnbc
Estee Lauder Cuts Forecasts on China Curbs, Tightening Inventories – Reuters
CVS Health raises outlook as third quarter results beat estimates – cnbc
Moody’s downgrades outlook for banks in Germany, Italy and elsewhere – Reuters
FX Daily: Dodging the pivot – ing
BofA Indicator Is Closest to Saying ‘Buy’ US Stocks Since 2017 – bbg
Euro Zone’s Factory Downturn Intensifies on Record Inflation – bbg
German Manufacturing Slumps in October as New Orders Drop – PMI – bbg
German Exports Post Unexpected Dip in September – Reuters
Maersk Slashes Forecast for Global Container Demand on Slowdown – bbg
GSK Lifts Earnings View Again After Forecast-Beating Quarter – Reuters
GSK Raises Full-Year Outlook Once More Amid Strong Vaccine Sales – bbg
Biden administration to provide over $13 billion in aid to help American families lower energy bills – cnbc
US Recession ‘Inevitable’ to Curb Inflation, Says Man Group CEO – bbg
Fed to Hike Big Again and Open Door to Downshift: Decision Guide – bbg
European markets head for a positive open as investors focus on the Fed’s next move – cnbc

Marketmind: Downbeat on the Downshift – Reuters
Marketmind: Fed up Waiting – Reuters

 

 

ASIA NEWS
Hong Kong halts trade as typhoon warning issued; Asia markets mixed ahead of Fed decision – cnbc
Hong Kong stocks jump for second day on reopening speculations, shaking off Fed interest-rate jitters – scmp
Chinese Stocks Slip as Investors Recalibrate Reopening Wagers – bbg
Major banks are bullish on Hong Kong’s economy and China growth prospects – cnbc
How a Mysterious China Screenshot Spurred a $450 Billion Rally – bbg
Xpeng electric car deliveries drop in October to half of Nio’s – cnbc
Hong Kong Summit Steers Clear of Talk on China Risks, Reopening – bbg
China’s Nio Suspends Production Due to COVID Measures – Reuters
Korea Credit Crisis Spreads as Bond Uncalled in First Since 2009 – bbg
Nio Falls Behind on Thousands of Cars as Covid Zero Hits Plants – bbg
China Locks Down Area Around Foxconn’s ‘IPhone City’ Plant – bbg

 

Tuesday 11/01

Business Live – guardian

Marketmind: Full Steam A-Fed – Reuters
Stocks making the biggest moves after hours: Airbnb, Advanced Micro Devices, Match Group and more – cnbc
Airbnb Shares Fall on Muted Fourth-Quarter Bookings Forecast – bbg
Insurer AIG Profit Slumps on Hurricane Costs, Lower Investment Returns – Reuters
Big Slump in PC Market Slump Deepens, Hurts AMD Revenue – Reuters
Explainer-Several Parts of the U.S. Yield Curve Are Inverted: What Does It Tell Us? – Reuters
AMD Beats Earnings Estimates, But Gives Lukewarm Forecast – bbg
AMD misses but still ekes out 29% revenue growth – cnbc
Fed terminal rate pricing rises after JOLTS bounce ahead of FOMC – Newsquawk US Market Wrap
Amazon Closes Below $1 Trillion in Market Value for First Time Since 2020 – bbg
Bonds & Stocks Battered As ‘Good’ JOLTS Print Sends Rate-Hike Odds Soaring – Zerohedge
Stocks finish lower as Wall Street braces for key Fed decision – cnbc
Morgan Stanley: “A US Windfall Tax Is Unlikely To Pass” – Zerohedge
These Five Factors Will Decide If Democrats Lose Control of Congress – bbg
Four key things to watch out for at COP27 – ing
Stocks making the biggest moves midday: Uber, Abiomed, Peloton, Carvana, Molson Coors and more – cnbc
Traders Rush to Buy Scarce UK Debt From BOE While They Still Can – bbg
Explainer: Why Is the Bank of England Selling Government Bonds? – Reuters
Bank of England Sells £750 Million of Bonds in First QT Auction – bbg
Bank of England sells £750 million worth of bonds at first QE unwind auction – cnbc
Tech Stocks Not in 2000-Style Bubble, Evercore Strategist Says – bbg

 

 

US PREMARKET

 

 

US Job Openings Unexpectedly Rose to 10.7 Million in September – bbg
Jump in U.S. Job Openings May Jolt Fed Yet Again – Reuters
Job openings surged in September despite Fed efforts to cool labor market – cnbc
Job Openings Unexpectedly Soar In 2nd Best Month Of 2022, Despite Plunge In Hiring, Quits – Zerohedge
Manufacturing Surveys Signal Slowdown Continues; New Orders, Prices Plunge – Zerohedge
US Manufacturing Nears Stagnation, Price Gauge at Two-Year Low – bbg
U.S. Manufacturing Activity Slowest in Nearly 2-1/2 Years in October -ISM – Reuters
Bank Outlook 2023: Running out of energy – ing
Sterling Debt Still Bears Truss Scars After Best Month Since ‘09 – bbg
First Nuclear Power Plant In Poland To Be Constructed By US Company – Zerohedge
Uber stock pops 15% on revenue beat, strong guidance – cnbc
Uber Tops Sales Estimates on Strong Ridership, Driver Supply – bbg
Uber Shares Surge as Rideshare Recovery Powers Operating Profit Forecast – Reuters
JPMorgan Sees 90s-Style Correction for UK Industrial Property – bbg
Pfizer Raises Sales Estimates for COVID Vaccine by $2 Billion – Reuters
Limited Flows Driving Stock Rally Before Fed Meeting, Citi Says – bbg
Eli Lilly Cuts Annual Profit Forecast on Stronger Dollar – Reuters
Marathon Petroleum and Phillips 66 Cruise Past Estimates on Fuel Demand Surge – Reuters
UK Manufacturing Shrinks at Fastest Rate Since Mid-2020 – PMI – Reuters
BOE Set to Take Historic Step in Unwinding £838 Billion Stimulus – bbg
BP Reaps ‘Exceptional’ Gas Trading Result After Price Surge – bbg
BP Smashes Forecasts With $8.2 Billion Profit – Reuters
BP quarterly profits soar to $8.2 billion amid renewed calls for windfall taxes – cnbc
Nomura Quant Sees S&P 500 Rebound Momentum Slowing After Fed – bbg
Who Are The Mystery Buyers Responsible For Central Bank Gold Boom? – bbg
Powell’s Favored Curve on Cusp of Inversion as Pivot Hopes Swell – bbg
European stocks head for positive open as global markets focus on the Fed – cnbc

Marketmind: Full of Energy – Reuters
Marketmind: Trick or Treat? – Reuters

 

ASIA NEWS
“Nothing But A Lie”: Beijing Responds To COVID Lab Leak Allegations, Blaming Them On “Anti-China Forces” – Zerohedge
Australia raises 25 bps as expected, Hong Kong stocks lead gains in Asia-Pacific markets – cnbc
Hong Kong stocks jump by most in 4 weeks as mainland funds pick up bargains while caution rules before Fed decision – scmp
Tech Leads Broad Rally in Chinese Stocks After Historic Rout – bbg
China, HK Stocks Rebound Sharply on Unverified Social Media Posts Over COVID Easing – Reuters
Toyota Keeps Conservative Profit View on Supply Concerns – bbg
Saudi Sends More Oil to China Despite Cutting Overall Shipments – bbg
Asia Factories Slump as Global Goods Demand Continues to Fade – bbg
Australia’s Central Bank Says Ready to Go Faster or Pause on Rate Hikes as Needed – Reuters
Australia Raises Key Interest Rate, Signals More Hikes to Come – bbg
China Stock Rout Erases Returns for 99% of Nation’s Mutual Funds – bbg
Hong Kong Growth Forecasts Slashed as Global Risks Intensify – bbg
Japan’s Suzuki Flags Intervention Impact as Yen Awaits Fed Meet – bbg
Global Bankers Fly Into Hong Kong Amid Growing US-China Tensions – bbg
Korea Exports Post First Fall in 2 Years as Economy Sputters – bbg
Junk Debt in Southeast Asia Loses Most Since 2020 as Risks Mount – bbg
Japanese Chip Stocks Outperform US Peers Amid China Export Curbs – bbg
China’s Property Crash Sends Billionaire Founders Heading to Exits – bbg

Caution for Asian Stocks Before Central Bank Moves: Markets Wrap – bbg


Monday 10/31

Business Live – guardian
S&P 500 EARNINGS SEASON UPDATE: OCTOBER 28, 2022 – factset

Avis Budget Shares Rise on Record Quarterly Profit and Sales – bbg
Weak global data sees risk hit and Dollar bid ahead of key events – Newsquawk US Market Wrap
Bonds Battered, Bitcoin Bid, But The Dow Soars To Best October Ever – Zerohedge
Dow closes lower on Monday, but still posts best month since 1976 – cnbc
Monday Morning Memo: European Fund Market Trends, Year-to-Date Q3 2022 – LIPPER
Petrobras Suffers $4 Billion Plunge as Lula Win Sparks Fears – bbg
Global Rate-Hiking Cycle Will End by Early 2023, JPMorgan’s Kolanovic Says – bbg
Biden Blasts ‘Big Oil’ For “War Profiteering”, Urges Congressional ‘Windfall Tax’ – Zerohedge
JPMorgan Says Dovish Fed Could Spark 10% S&P Rally – bbg
Meme Stock Rally Could Be Sign That Investor Appetite for Risk Is Returning – Reuters
Health-Care Stocks Rally to Best Month Since 2020 on Haven Demand – bbg
U.S. Treasury to Issue $550 Billion in Debt in Q4 – Reuters
Yields Surge To Session High After Treasury Unexpectedly Projects It Will Issue An Additional $150BN In Q4 Debt – Zerohedge
Nearly $1 Billion Swamps Junk-Bond ETF in Record Haul Before Fed – bbg
Column-U.S. Bond ‘Term Premium’ Is Back, Casting Shadow Over Long End: McGeever – Reuters
Biden threatens oil companies with ‘higher tax’ if they don’t increase production – thehill
Record E-Trading Brings More Liquidity to Corporate Bond Market – bbg
Did NikiLeaks Just Kill The Dovish Fed Narrative He Launched – Zerohedge
US to Exempt Russia Oil Loaded Before Dec. 5 From Price Cap Plan – bbg
Stocks making the biggest moves midday: Wynn Resorts, TuSimple, Newell Brands, First Solar and more – cnbc
US Hospitals On Track For Worst Financial Year In Decades – Zerohedge
More Than a Third of US Small Businesses Couldn’t Pay All Their Rent in October – bbg
‘Nowhere to Hide’: Bond Managers Lag Benchmark in Rare Misfire – bbg
Morgan Stanley: Why Inflation Is Likely To Fall Faster Than Most Expect Based On M2 Growth – Zerohedge
OPEC Raises Long-Term Oil Demand View, Calls for Investment – Reuters
US Senate Control Will Come Down to Handful of Tight Races, Poll Finds – bbg
Wynn Resorts Surges After Billionaire Fertitta Takes 6.1% Stake – bbg
Bond Investors Like Short Maturities, on Guard Even as Smaller Fed Hikes Loom – Reuters
Global Jobs Growth Will ‘Deteriorate Significantly’ This Quarter – ILO – Reuters
Germany’s pension system will collapse without reform, influential lobby group says – cnbc

US PREMARKET
Stocks making the biggest moves in the premarket: Wynn Resorts, Petrobras, Hanesbrands and more – cnbc
Key Events This Extremely Busy Week: Fed, Payrolls And Earnings Galore – Zerohedge
Euro Zone Inflation Soars Past Forecasts to New Record High – Reuters
Euro-Zone Inflation Soars to New Record as Economic Growth Fades – bbg
Euro zone inflation hits record high of 10.7% as growth slows sharply – cnbc
Morgan Stanley’s Wilson Says End of Fed Tightening Approaches – bbg
Marketmind: Fed Peak Rate Talk Meets China Curbs, Grain Strain – Reuters
Swiss National Bank Loses Nearly $143 Billion in First Nine Months – Reuters
SNB’s $143 Billion 9-Month Loss Casts Doubt on Government Payout – bbg
Quotes: Getting Ready to Pause? Fed Policymakers Weigh In – Reuters
IMF Sees $1 Trillion Oil Exporter Windfall, Bigger Gulf Savings – bbg
Europe’s Firms Seek Out Most Emergency Funds Since Pandemic Peak – bbg
Wheat Soars After Russia Exits Pact Allowing Ukraine Exports – bbg
European markets head for positive start as investors wait for euro zone inflation and GDP data – cnbc

Marketmind: Not Even Half-Time – Reuters
US Earnings to Watch: Pfizer, Qualcomm, CVS, Peloton, Coinbase, Uber – bbg

 

ASIA NEWS
Asia-Pacific stocks rise despite China’s factory and services activity contracting – cnbc
China Stocks in Hong Kong Set for Lowest Since 2005 Amid Rout – bbg
Marketmind: Sky HIBOR – Reuters
Asia Bond Funds Dump China in Favour of Cash After High-Yield Rout – Reuters
Global Chip Sales Record First Fall Since 2020 in Blow to Korea – bbg
Jefferies Says Consumer Is Key China Equity Bet Over Five Years – bbg
China Builder Longfor’s Slump Casts Fresh Doubt on State Help – bbg
China Covid Cases Top 2,500, Jumping the Most in Over 80 Days – bbg
Derivatives Worth $1.9 Billion at Risk After HSCEI Breaks 5,000 – bbg
China Economy Weakens as Covid Hits Factory, Services Output – bbg
China’s Factory, Services Activity Skids on Relentless COVID Curbs – Reuters
China’s factory activity drops, bogged down by more Covid controls – cnbc
Japan Likely Spent Record Amount in October to Prop up Yen – Reuters
Japan’s Production Falls as Cars Drag on Solid Third Quarter – bbg

Dollar Rises, Futures Suggest Gains in Asia Stocks: Markets Wrap – bbg
Stocks Rally Wobbles as Fed Hike Draws Near – Reuters
Lula Wins Brazil’s Presidency, Completing Comeback for Leftist – bbg

 

 

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