TOP MARKETS NEWS: Week 10/14 – 10/20

Friday 10/18

China’s economic growth slowest in almost 30 years – business live – guardian
China stocks fall most in a month as GDP slips; Cathay slumps amid protests – scmp

Four key Brexit answers ahead of ‘Super Saturday’ – ing
Renault shares slump after carmaker issues sales warning – Reuters
Credit Suisse to start charging wealthy clients for cash deposits – Reuters
China’s GDP growth grinds to near 30-year low as tariffs hit production – Reuters


Thursday 10/17

UK firms face lending squeeze; Brexit deal hopes lift pound – business live – guardian
Hong Kong market rises after digesting Lam’s policy address – scmp

Saudi Aramco delays planned IPO until after earnings update: sources – Reuters
Morgan Stanley smashes expectations in Q3 as sales and trading revenue booms 10% – businessinsider
Emerging Market Stocks just break out of a 20-month downtrend – saxo
Negative U.S. Interest Rates? Options Traders Say Yes – wsj

Brexit deal news lifts pound towards $1.30, fuels rally UK domestic-focused shares – Reuters
Quick note: Brexit…. – saxo
Nestle revamps waters business as organic growth slows – Reuters
Here’s what every major analyst is saying about Netflix’s earnings report – cnbc

Wednesday 10/16

Chinese Markets Live – scmp

Fed Says Many Businesses Temper Outlook for Economic Growth – Bloomberg
QE4 Officially Begins: Fed’s First T-Bill Purchase Is 4x Oversubscribed Amid Massive Liquidity Demand – Zerohedge
Unit Of Multi-Billion Hedge Fund Highland Capital Files For Bankruptcy – Zerohedge
Norway’s Krone Hits Record Low Against Euro – Bloomberg
US Consumer Stumbles As Retail Sales Unexpectedly Tumbles In September – Zerohedge
‘Awfully high’ risks of a global recession in the next 12-18 months, Moody’s chief economist says – cnbc

Turkey’s Halkbank shares fall 7% following U.S. charges – Reuters
Europe Inc’s recession expected to deepen as third quarter earnings outlook deteriorates: Refinitiv – Reuters
European Car-Sales Jump Masks Gloomy Outlook Blighted by Economy – Bloomberg
Bank of Korea cuts rates, keeps door open for more as economy loses steam – Reuters



Tuesday 10/15

Business Live – guardian
Pork crisis drives Chinese inflation to limit, Lens Technology, Kweichow Moutai gain – scmp

POMO Is Back: Here’s What Treasury Bills The Fed Will Buy – Zerohedge
Bank of America declares ‘the end of the 60-40’ standard portfolio – Marketwatch
Sterling Spikes As EU Touts ‘Brexit Breakthrough’ – Zerohedge
IMF Forecasts “Synchronized Global Slowdown” – Weakest Growth ‘Since Lehman’ – Zerohedge
Global Manufacturing Downturn, Rising Trade Barriers – imf
Bank of America’s stock surges ahead of earnings after report Buffett wants to boost stake – Marketwatch
Goldman’s Dismal Quarter: Prop Trading Plunges; IBanking Slides; Average Comp Crashes – Zerohedge
JPMorgan Jumps On FICC Revenue Surge, IBanking Beat, But Dimon Sees “Weakening Business Sentiment” – Zerohedge
Not Transitory – Fed Liquidity Handout Surges To Near $90 Billion – Zerohedge
Bill Gross: The boost from negative interest rate yields may have reached an end – forexlive
Facebook’s libra coin a catalyst for reform, Swedish central bank chief says – cnbc
What next for Woodford Equity Income investors? – ft
Neil Woodford’s flagship Equity Income Fund to be shut down – Reuters
China’s factory prices post steepest fall in three years – Reuters
China pork prices spike 69%, driving consumer inflation to near 6-year high – Marketwatch


Monday 10/14

The big trade handshake. Markets like it – scmp

Banks look to put earnings recession in reverse, but aren’t expected to succeed – Marketwatch
Don’t get too excited about progress on Trump’s ‘greatest and biggest deal ever’ – Marketwatch

Nobel Prize in Economics won by Banerjee, Duflo and Kremer for fighting poverty – guardian
German economy stuck in weak phase, crisis unlikely: ministry – Reuters
China Wants More Talks Before Signing Trump’s ‘Phase One’ Deal – Bloomberg

Technical reality check for sterling – ing
Monday Morning Memo: Review of the European ETF Market, September 2019 – lipperalpha
Total Makes $600 Million Bet on India Gas With Adani Stake – Bloomberg
Key Events In The Very Busy Week Ahead – Zerohedge
China auto sales fall again in ‘Golden September’ as turnaround hopes fade – Reuters
China’s automobile sales continue to drop in traditional high season – yuantalks

China September exports, imports in deeper contraction as tariffs bite – Reuters
China’s surprise slump in exports shows Trump’s trade war damage — and Goldman Sachs says tariffs are coming despite a partial deal – businessinsider
US-China trade deal; don’t get over excited – ing