TOP MARKETS NEWS: Week 11/07 – 11/13

November 7, 2022
  

Weekend 11/12 & 11/13

Marketmind: Drawing breath after tumultuous week – Reuters
Big Tech Loses Sway as S&P 500 Becomes More Exxon, Less Amazon – bbg
Democrats’ Big Midterm Gains Threaten Wall Street’s Split-Government Hopes – Reuters
How one of the richest men in cryptocurrency came a cropper, losing more than $40 billion – abc
Could Sam Bankman-Fried go to prison for the FTX disaster? – fortune
Dollar and Yuan in Frame as a New Week in Markets Gets Underway – bbg
Your Sunday Briefing: Inflection Points and the Crypto Fallout – bbg
Solana Leads Crypto Slump With FTX’s Serum Project In Distress – bbg
Democrats have retained control of the US Senate. Here’s what that means for Joe Biden’s presidency – abc
Big Investors Are Giving Up on Crypto Markets Going Mainstream – bbg
G-20 Unveils Global Pandemic Fund to Avoid Repeat of Covid-19 – bbg
China’s Daily Covid Count Rises as New Local Cases Hit 14,288 – bbg
Biden Set to Meet Xi in Bid to Avert a Full Rupture in US-China Ties – bbg
Russia, US Fail to Agree on Asean Statement in Bad Sign for G-20 – bbg
Asean Latest: Biden to Cross Paths With Li at East Asia Summit – bbg
China’s 16-Point Plan to Rescue Its Ailing Property Sector – bbg
China Plans Property Rescue as Xi Surprises With Policy Shifts – bbg
China Plans Sweeping Rescue Policies to Avert Property Crisis – bbg
BlackRock ‘Indefinitely’ Shelves China Bond ETF Launch, FT Says – bbg
FTX Latest: Unauthorized Outflows; Bankman-Fried in the Bahamas – bbg
The $24 Trillion Treasury World Suddenly Looks Less Dangerous – bbg
FTX Trading’s Liabilities Dwarfed Liquid Assets, FT Says – bbg
Wall Street Managers Are Pushing Back on Easing Inflation Hopes – bbg
Bankman-Fried: From Crypto King to King of Tech Bubble’s Losers – bbg
Your Sunday Asia Briefing: 8 Billion People to Feed – bbg

Alpha-Male Crypto ‘Bloodsport’ Sows a Catastrophe in FTX – bbg
$2BN of clients’ money is MISSING from collapsed crypto exchange FTX: Founder Sam Bankman-Fried denies secretly transferring $10BN to trading company run by his girlfriend – dailymail
Crypto Markets Take a Breather as FTX Heist Unfurls – bbg
Exclusive: as Split Congress Odds Increase, Yellen Warns of Need to Lift Debt Ceiling – Reuters
Yellen Says Russia Faces Oil Shut-In or Price Cap Amid Sanctions – bbg
Charting the Global Economy: Prospects Darken for UK, Euro Area – bbg
China Cities Reduce Mass Testing as Nation Eases Covid Measures – bbg
Germany Shifting Asian Focus in Bid to Reduce Reliance on China – bbg
Asean Latest: Biden to Join Summit as First US Leader Since 2017 – bbg
Your Saturday Asia Briefing: China’s FOMO Rally – bbg
Soaring U.S. Tech Stocks Leave Some Investors Doubtful Rebound Will Last – Reuters

Sam Bankman-Fried’s Sudden Turn From White Knight to Washout – Reuters
EMEA Earnings to Watch: Vodafone, Siemens, Burberry – bbg
Biden to Meet China’s Xi Nov. 14 in Bid to Buoy Strained Ties – bbg
Crypto peaked a year ago — investors have lost more than $2 trillion since – cnbc
The Most Urgent Crypto Question Is How Far FTX’s Tentacles Might Reach – bbg
MARKET REWARDING POSITIVE EPS SURPRISES MORE THAN AVERAGE FOR S&P 500 COMPANIES FOR Q3 – factset

 

Friday 11/11

Business Live – guardian
What the China Covid Pivot Means For its Beaten-Down Markets – bbg

Disney to Cut Costs, Freeze Hiring After Earnings Disappoint – bbg
Disney plans targeted hiring freeze and job cuts, according to memo – cnbc
Dollar tumble extends post-CPI while stocks keep rising – Newsquawk US Market Wrap
Pros Pile Into Puts As Stocks Soar On Biggest Short-Squeeze Ever – Zerohedge
Nasdaq adds 1.9%, S&P 500 closes nearly 1% higher and notches best week since June – cnbc
Fed May Need to Raise Rates to 6%, Monetary Economist Taylor Says – bbg
Analysis-FTX Meltdown Sparks Investor Rethink of Battered Crypto Market – Reuters
FTX Collapse Drags Crypto Stocks to $5 Billion Valuation Wipeout – bbg
Crypto Markets in Turmoil Over FTX Bankruptcy – Reuters
Crypto Contagion Seen Contained as Speculative Stocks Fringe Soars – bbg
“We See More Selling Into Strength Here”: Why JPM’s Trading Desk Isn’t Buying This Rally – Zerohedge
Factbox-Sam Bankman-Fried: the Crypto Mogul Whose Empire Came Crashing Down – Reuters
Wall Street’s Outlook for S&P 500 Earnings Is Getting Gloomier – bbg
The EU’s Embargo On Russian Oil Will Be A Boon For OPEC – Zerohedge
Alibaba Singles’ Day Sales Kept a Secret for the First Time – bbg
US Stock Rebound Has Room to Run, Morgan Stanley Says – bbg
The ‘Policy Pivot’ May Not Be Bullish – Zerohedge
Stocks making the biggest moves midday: Walgreens, Coinbase, Duolingo, Ralph Lauren and more – cnbc
Time, Money, & People Change. Liquidity Crises Don’t… – Zerohedge
Day Traders Sold Stocks at Record Pace During Inflation-Fueled Rally – bbg
Krugman Says the Fed Should Pause Rate Hikes, Has Done Enough – bbg
Binance Blasts “Rogue Actor” Bankman-Fried As FTX Files For Bankruptcy – Zerohedge
Crypto Markets Buckle as FTX Bankruptcy Spurs Search for Casualties – bbg
Oil to zinc soar after China eases some COVID restrictions – bbg
BlackRock Reclassifies $26 Billion of ESG ETFs on EU Rules – bbg
U.S. Consumer Sentiment Slumps; Inflation Expectations Edge Up – Reuters
US Consumer Inflation Expectations Rise in Michigan Survey – bbg

 

 

US PREMARKET
Futures Extend Gains As FOMO Spreads After China E
ases Covid Measures – Zerohedge
German Cannabis Firm Cantourage Surges More Than 130% on Debut – bbg
“Difficult Times Ahead”: Musk Says Twitter Bankruptcy Possible As FTC Expresses “Deep Concern” – Zerohedge
Is Time Up For the Dollar’s Rally? Not So Fast, Strategists Say – bbg
“Inflation shock” is over, it is all about “peaks” next year – BofA – forexlive
BoE’s Bailey Says Efforts to Curb Inflation Likely to Take 18 Months to 2 Years – Reuters
Analysis-European Companies’ Robust Q3 Makes Timing the End of the Bear Market Even Harder – Reuters
EU Says Recession Is Here and Inflation Shock Will Linger On – bbg
European Shares Rise as Richemont Leads Luxury Retailers Higher – Reuters
China’s Covid Zero Pivot Risks Tightening Global Fuel Markets – bbg
UK Economy Shrinks at Start of Feared Long Recession – Reuters
German Harmonised Inflation +11.6% Y/y in October – Reuters
Commodities Soar After China Eases Quarantine Rules – Zerohedge
Commodities Surge After China Eases Some Covid Restrictions – bbg
Citi Strategists Say Exit Short US Equity Positions in Shift – bbg
European markets climb on U.S. inflation reading, China’s easing of Covid measures – cnbc
Analysis-Hopes of Easing Inflation Beckon Cash-Rich Investors Into U.S. Stocks – Reuters
Bankman-Fried’s Assets Plummet From $16 Billion to Zero in Days – bbg
JPMorgan Warns FTX Collapse Will Spark “Cascade Of Margin Calls” – Zerohedge

Marketmind: $ TO THE POWER OF 0.228 – Reuters

ASIA NEWS
Hong Kong stocks jump after China trims quarantine period, up more than 7% – cnbc
FOMO Grips China Traders in World’s Wildest Stock Market – bbg
China’s Covid-19 easing sends markets soaring, propels Hang Seng Index to its biggest one-day gain in 8 months – scmp
Asian Stocks Jump Most Since March, Joining US CPI-Fueled Rally – bbg
Yen Gains Past 140 Per Dollar for First Time Since September – bbg
Japan’s Nikkei 225 Jumps 3% as Soft US CPI Cools Fed Rate Worry – bbg
These Are the 20 New Rules China Is Following to Combat Covid – bbg
China Stocks Pare Gain as Rising Cases Thwart Reopening Hopes – bbg
China Top Chipmaker Misses Earnings Estimates as Sanctions Bite – bbg
Yuan Swings Like Never Before as Reopen Hopes Eclipse Xi Concern – bbg
Weakening Yen Trend May Be History as CPI Print Slams Dollar – bbg
Hong Kong Predicts Economy May Shrink More Than Expected in 2022 – bbg
Won, Baht Lead EM FX Surge on China Quarantine, Dovish Fed Bets – bbg
What China Watchers Say About Leadership’s Latest Covid Language – bbg
China Eases Quarantine Rules, Flight Bans in Covid Zero Pivot – bbg
China eases Covid measures, trims quarantine time by two days – cnbc
China Quants Seek Billions in New Funds After Sidestepping Rout – bbg

Stocks to Extend Rally in Asia on Inflation Relief: Markets Wrap – bbg

 


Thursday 11/10

Business Live – guardian

History-making stock and bond bid after ‘soft’ CPI data pummels the Dollar – Newsquawk US Market Wrap
CPI Miss Sparks 3rd Biggest Short Squeeze Ever: Stocks, Bonds, Gold Soar As Dollar Crashes – Zerohedge
United gives pilots 5% raises early, citing return to profitability – cnbc
Dow pops 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report – cnbc
Market Explosion Sends CTAs Into Short Covering Frenzy: $79BN To Buy – bbg
SBF Issues Mea Culpa: “I’m Sorry… I F**ked Up” As Alameda Research Winds Down Trading – Zerohedge
S&P 500 Rockets Toward Best CPI Day Since 2008 on Fed Optimism – bbg
Biden to Meet China’s Xi Nov. 14 in Bid to Buoy Strained Ties – bbg
Hard-Hit Homebuilders Soar Most Since May 2020 on Inflation Data – bbg
US Inflation Finally Offers Relief, But There’s Still a Long Way to Go – bbg
Stocks Reap Double-Digit Returns After Inflation Peaks, History Shows – bbg
El Salvador’s Bitcoin Holdings Lose 60% of Their Value in Crypto Selloff – bbg
Bankman-Fried ‘Lent’ Billions In Customer Funds To His Trading Firm, Setting The Stage For Implosion – Zerohedge
Fed Officials See Grounds for Soon Slowing Rate-Hike Pace – bbg
Stocks making the biggest moves midday: Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more – cnbc
Dollar Dives as CPI Surprise Cuts Fed Interest-Rate Hike Outlook – bbg
Amazon Makes History After Losing $1 Trillion In Market Value Amid Tech Stock Rout – Zerohedge
Wall Street Greets Below-Forecast Inflation Data With ‘Sigh of Relief’ – bbg
Bankman-Fried’s Alameda Research Is Winding Down Trading – bbg
Amazon Reviewing Unprofitable Business Units to Cut Costs – WSJ – Reuters
Top economist Justin Wolfers says these 4 things show that inflation is coming down for real this time – fortune
Crypto Operator CoinShares Reveals 11% Of Assets Exposed to FTX – bbg
Tether Dips Below $1 as FTX Fallout Continues to Roil Markets – bbg
Euro Zone Bond Yields Fall Sharply After U.S. Inflation Data – Reuters
Fed Seen Slowing Rate Hike Pace as Inflation Eases – Reuters
A Shocked Wall Street Reacts To Today’s “Cooling” CPI Print – Zerohedge

Marketmind: Consumer Inflation, Crypto Deflation – Reuters

US PREMARKET
US October inflation reading brings some cheer – ing
Inflation Huge Miss: Core CPI Slides From 40-Year-High, Real Wages Tumble For 19th Straight Month – Zerohedge
US Core Services Costs Stay Elevated, While Goods Prices Soften – bbg
U.S. core CPI slows more than forecast, gives Fed downshift room – bbg
Comfortably Cool US Oct CPI Spells Relief for Fed – Reuters
Futures Rise Ahead Of Critical CPI Print – Zerohedge
Chinese EV Maker Nio Posts Bigger Quarterly Loss, Sees Higher Deliveries – Reuters
Nio reports strong third-quarter revenue as it gears up for a big year-end production push – cnbc
Ralph Lauren Beats Sales Estimates as Demand Holds Up – Reuters
Beware The Bounce If October CPI Comes In Soft – Zerohedge
Stocks making the biggest moves premarket: Tapestry, WeWork, Rivian and others – cnbc
Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs – cointelegraph
German Retailers Face Festive Sales Slump – HDE – Reuters
Rates Spark: CPI pointers – Reuters
US Inflation Set To Ease, Decline Could Impact Possible Fed Pivot – livesquawk
European Shares Open Lower as Real Estate Stocks Fall Ahead of U.S. CPI Data – Reuters
ArcelorMittal’s Q3 Profit Beats Expectations on Energy Savings – Reuters
Continental Tops Profit Forecast as Price Hikes Offset Costs – Reuters
Credit Agricole Regional Owners to Boost Stake by $1 Billion – bbg
Deutsche Telekom Raises Guidance After Bumper Q3 – Reuters
Germany’s Parcel Industry Expects Fewer Deliveries This Christmas – Reuters
Analysis-FTX Debacle Sparks Investor Rethink of Battered Crypto Market – Reuters
A Failed FTX-Binance Deal Is ‘Catastrophic’ for Crypto Sector – coindesk
High Interest Rates Make It Harder to Unleash Clean Energy Finance – bbg
Rise and Fall of Crypto Exchange FTX – Reuters
JPMorgan Team Says Crypto Markets Face ‘Cascade’ of Margin Calls – bbg
Friday’s Inflation Data May Have More of a Rates Impact Than CPI – bbg
Crypto Prime Broker Urges Clients to Cash Out FTX Positions – bbg
Global Supply Chains Set for Overhaul Next Year, HSBC Poll Shows – bbg
European markets head for lower open as investors digest U.S. midterm results – cnbc

Marketmind: Red Wave – Reuters

ASIA NEWS
Hong Kong stocks lead losses as Asia markets fall ahead of U.S. inflation data – cnbc
Chinese loans grew less than expected in October – ing
China’s Bank Loans Drop to Worst Since 2017 As Economy Slows – bbg
Apple Supplier Foxconn Records 5% Rise in Q3 Profit, Sees Flattish Q4 – Reuters
New Chinese Property Support No Match For $456 Billion Hole – Zerohedge
China Stocks Slide as Covid Curbs Temper Reopening Hopes – bbg
China’s Factory Hub Takes Risky ‘Light-Touch’ Path Amid Outbreak – bbg
Covid Curbs Increased in China Factory Hub Guangzhou as Outbreak Balloons – bbg
Korea Unveils $7 Billion in Financing to Help Property Market – bbg
Australia’s Central Bank Says Nearer to Point When It Can Wait on Rates – Reuters

Asian Stocks to Fall Amid Crypto Slump, Before CPI: Markets Wrap – bbg

Marketmind: CPI Catches the Eye, Crypto Crumbles – Reuters

Wednesday 11/09

Business Live – guardian
Live updates — Midterm elections: Republicans are projected to make gains in the U.S. House – cnbc
2022 Election: Live Analysis and Results – fivethirtyeight
8 Days in November: What Led to FTX’s Sudden Collapse – coindesk
Explainer: How Binance and FTX Sent Shockwaves Through the Crypto World – bbg

Allianz Beats Quarterly Profit Expectations, Posts Rosier 2022 Outlook – Reuters
Beyond Meat reports wider-than-expected loss, falling revenue – cnbc
Rivian seeks to cut costs while boosting EV production to meet 2022 targets – cnbc
Stocks making the biggest moves after hours: Bumble, Rivian, Dutch Bros, FICO and more – cnbc
Crypto Chaos Stirs Fresh Wall Street Selling as CPI Report Looms – bbg
Dow closes more than 600 points lower after indecisive midterms, crypto selloff – cnbc
‘Ethereum Killer’ Solana Falls Prey to Binance-FTX Deal Turmoil – bbg
FTX Investors Are Told Bankruptcy Likely Without More Capital – bbg
FTX Fiasco Hits Investors From Tiger Global to Tom Brady – bbg
Crypto Shock Hits ETFs With Biggest Futures Fund Briefly Halted – bbg
Binance Seen Unlikely to Move Ahead With FTX Deal After Finding Deep Hole – bbg
Republicans Limp Toward House Control With Senate Still in Play – bbg
Russia Orders Troops to Leave Ukrainian City of Kherson – bbg
The latest inflation numbers come out tomorrow and it’s expected to remain high—here’s what to know – cnbc
Buyers Cancel UK Home Purchases At Fastest Rate Since Lehman – bbg
Stocks making the biggest moves midday: Disney, Meta Platforms, Lucid Motors, Roblox and more – cnbc
JPMorgan Strategist Says It’s Time to Jump Back Into Stocks, Bonds – bbg
Panicky FTX Clients Withdrew $430 Million of Bitcoin in a Few Days – bbg
Pension Funds, Investors Cashed in £70 Billion in Market Chaos After Mini-Budget – bbg
Renault Extends Drop as Analysts Highlight Overhaul Plan’s Risks – bbg
Morgan Stanley Gets Toehold in ETFs Via Parametric-Advised Debut – bbg

 

US PREMARKET
Roblox Corp Misses Revenue Estimates, Losses Widen – Reuters
Roblox shares sink after reporting bigger loss than expected – cnbc
Credit Suisse Set to Raise 3 Billion Euros From New Debt Issue – Reuters
US Mortgage Rates Rise to 7.14%, Near Highest Level Since 2001 – bbg
Shareholder Payouts at Risk as ECB Tells Banks to Hold Capital – Sources – Reuters
Euro Area’s Inflation Shock Weighs Most on Poorest Households – bbg
Stocks making the biggest moves premarket: Tesla, Meta, DR Horton and more – cnbc
Goldman Sachs Revises up Forecast Path for USD/JPY to Reflect More Persistent U.S. Hiking Cycle – Reuters
Zuckerberg Says ‘Sorry’ as Meta Begins Slashing Over 11,000 Jobs – bbg
Meta laying off more than 11,000 employees: Read Zuckerberg’s letter announcing the cuts – cnbc
Europe’s Retailers Strive to Keep Prices Low to Win Struggling Shoppers – Reuters
US Inflation to Cool Only Slightly, Keeping Big Fed Hike in Play – bbg
Euro Zone Consumers See Higher Inflation Ahead, ECB Says – Reuters
Musk Sells $3.95 Billion of Tesla Stock After Twitter Takeover – bbg
Tesla Stock Hits 2-Year Low After Musk Sells $4 Billion Worth of Shares – Reuters
Commerzbank Lifts Revenue Outlook on Surging Lending Income – bbg
Adidas Cuts Profit Forecast After Terminating Yeezy Partnership – bbg
Americans Set to Deliver Verdict on Biden, Democrats in Midterms – bbg
Election Takeaways: Missing Republican Wave, Trump’s Bad Night, DeSantis’ Win – bbg
Tesla Shanghai Adds to Inventory at Highest Rate Ever in October – Brokerage Data – Reuters
European markets pull back as investors await U.S. midterm results – cnbc
GOP’s Gain Is Short of a Wave as Biden Dodges Worst-Case Outcome – bbg

ASIA NEWS
Asia markets mixed as U.S. midterm results roll in; China’s producer prices drop – cnbc
China Property Crisis Imperils $1.6 Trillion of Local State Debt – bbg
China Stock Traders Are Clinging to Every Sign of Hope They See – bbg
China Developers Soar as State Help Fuels Bets on Market Bottom – bbg
China developers’ stocks and bonds buoyed by hope for central bank monetary support, as Beijing expands bond programme – scmp
Beijing Covid Cases Hit Five-Month High; Guangzhou District Shut – bbg

Marketmind: Congress Unswept, Crypto a Mess – Reuters
Marketmind: Another Tick in the Vol … This Time Higher – Reuters

Tuesday 11/08

Business Live – guardian
Democratic Upset in U.S. Midterms Could Roil Markets, Options Mavens Say – Reuters

Cryptocurrencies Plunge as Doubts About FTX-Binance Deal Grow – bbg
Disney misses on profit and key revenue segments, but sees strong streaming growth – cnbc
Novavax Cuts Full-Year Revenue Forecast – Reuters
Crypto Carnage Contagion Slams Stocks; Bonds & Bullion Surge As Dollar-Bulls Purge – Ζerohedge
Stocks rally for a third day ahead of midterm election results, Dow closes 300 points higher – cnbc
Citigroup, Barclays Join Rivals in Cutting Investment-Banking Jobs – bbg
Factbox-Corporate America Leans on Job Cuts as Recession Fears Mount – Reuters
“An Asymmetric Payoff”: Why Goldman Sees Gold Soaring 30% When The Fed Starts Cutting Rates – Ζerohedge
Bitcoin briefly drops to a new low for the year, FTX token loses more than 75% in broad crypto sell-off – cnbc
Stock And Bond Investors: Prepare For A Favorable U.S. Inflation Report – forbes
Left-Hand Not Talking To Right-Hand: Quantitative Tightening & Federal Government Spending – Ζerohedge
Stocks making the biggest moves midday: Lyft, Tripadvisor, Take-Two Interactive and more – cnbc
ABC News Says “Red Mirage” Will Look Like Big Republican Win, But Vote Count Could Take “Weeks” – Ζerohedge
Bank of England Chief Economist Suggests Pandemic QE a Mistake – bbg
Op-ed: The 2022 midterm elections matter less to stock markets than investors think – cnbc
US EIA Cuts 2023 World Oil Demand Growth Forecast – Reuters
US Sees Oil Growth Slowing in 2023, Falling Short of Record – bbg
Nvidia Unveils Chip For China, Meets US Export Controls – Ζerohedge


US PREMARKET
Futures Rise On Expectations For A Post-Midterm Rally – Zerohedge
America votes: What might a Republican midterm victory mean for Europe? – euronews
Tesla Recalls 40,000 U.S. Vehicles Over Potential Loss of Power Steering Assist – Reuters
Euro Zone Sept Retail Sales up M/m, Aug Revised Upwards – Reuters
Cryptocurrencies Slide as Concerns Over FTX Exchange Rattle Markets – Reuters
Crypto market stumbles, losing 5% – FOREXLIVE
FTX Token Plummets as Market Fears Possible Alameda Contagion – coindesk
ECB Supervisors Show Dark Side of Higher Rates for Banks – Reuters
Renault to Boost Returns in Split Plan With Outside Investors – bbg
European markets head for mixed open ahead of U.S. midterm elections – cnbc

Marketmind: Midterms Vigil and New Crypto Wobble – Reuters
Marketmind: Markets Primed for Gridlock – Reuters

 

ASIA NEWS
Asia-Pacific stocks mixed ahead of U.S. midterm elections – cnbc
China Quietly Boost Oil Imports In Preparation For Reopening – Ζerohedge
China to Expand Bond Financing by Private Firms, Including Developers – Reuters
Japan’s Cabinet OKs Extra Budget Spending, Adding to Debt – Reuters

Asia Stocks Set for Mixed Open Before US Midterms: Markets Wrap – bbg
China Stock Rally Pauses as Covid Cases Surge Most Since April – bbg
Marketmind: Attention Intervention – Reuters
Asia Stocks Set for Mixed Open Before US Midterms: Markets Wrap – bbg
China Deflation Fears Rise as Demand Weakens on Covid Outbreaks – bbg

Monday 11/07

Business Live – guardian
S&P 500 NOW PROJECTED TO REPORT A YEAR-OVER-YEAR DECLINE IN EARNINGS IN Q4 2022 – factset

Activision Blizzard Beats Estimates, Boosted by Mobile Games – bbg
Lyft Shares Drop as Active Riders Miss Analyst Estimates – bbg
Equity rebound continues on China re-opening optimism ahead of Midterms & CPI – Newsquawk US Market Wrap
U.S. Monetary Policy Tighter Than Benchmark Rate Suggests: Fed Research – Reuters
As Midterms Loom, Stocks Rally, Everything Else Drops – Zerohedge
Stocks rise ahead of U.S. midterm elections, Dow closes more than 400 points higher – cnbc
Germany to Spend €83.3 Billion to Subsidize 2023 Energy Prices – bbg
Used-Car Prices Collapse The Most Since Lehman Meltdown – Ζerohedge
Stocks making the biggest moves midday: Carvana, Meta, Palantir, Viatris, Walgreens and more – cnbc
Wall Street Agrees: A Red Wave In The Midterms Will Push Stocks Higher – Zerohedge
Carvana Shares Plunge to Record Low as Used-Car Prices Fall Fast – bbg
Trump-Linked Stocks Rally on Possible 2024 Presidential Run – Reuters
Oracle Kicks Off Four-Part Bond Sale to Help Fund Cerner Buy – bbg
Americans’ Credit Card Debt Growth Slowest In 4 Months, Brace For Post-Midterms Plunge – Zerohedge
Morgan Stanley’s Wilson Says Broader Layoffs Would Be Bull Sign for Stocks – bbg
Walgreens-Backed VillageMD to Buy Parent of CityMD – bbg

 

US PREMARKET
A recession in the US is not a slam dunk, Goldman Sachs says – CNN
Goldman Sachs Says There’s Still a ‘Very Plausible’ Path to Avoid US Recession – bbg
Futures Reverse Sharp Early Losses To Trade Near Session Highs Ahead Of Midterms – Zerohedge
Stocks making the biggest moves in the premarket: BioNTech, Meta, Apple, Ouster and more – cnbc
Worst Looks Over for Emerging Currencies, Morgan Stanley Says – bbg
Palantir Posts Slowest Revenue Growth in Two Years on Sluggish Europe Demand – Reuters
No-Boom, No-Bust Economy Dogs Democrats in U.S. Midterm Elections – Reuters
BioNTech Executive Says It Is Too Early to Predict China Vaccine Approval – Reuters
BioNTech Raises Covid Vaccine Sales Forecast as Boosters Ship – bbg
BioNTech Lifts Lower End of Vaccine Sales Target Range – Reuters
Morgan Stanley Analysts See Fed Ending QT in 2024 After Rate Cut – bbg
Morgan Stanley’s Wilson Says US Midterms Could Fuel Equity Rally – bbg
UK Bond Turmoil Leaves Smaller Pension Schemes With Longer-Term Costs – Reuters
Were we wrong about big tech? – ft
Factbox-Strikes, Protests in Europe Over Cost of Living and Pay – Reuters
Global Inflation May Be Nearing Its Peak, IMF’s Georgieva Says – bbg
German Industrial Output Grows More Than Expected in September – Reuters
Euro Zone Investor Morale up for First Time Since August -Sentix – Reuters
Ryanair Shrugs Off Recession Threat: The London Rush – bbg
Ryanair Lifts Passenger Target as It Shrugs Off Recession Threat – bbg
Ryanair Posts Record Profit for Key Summer Season – Reuters
UK House Prices Fall Most in Almost Two Years, Halifax Says – bbg
World Leaders Arrive in Egypt for Climate Summit: COP27 Update – bbg
Goldman Cuts S&P 500 Earnings Estimate Citing Margin Headwinds – bbg
Apple Trims New iPhone Output by 3 Million Units as Demand Cools – bbg
Apple Cuts Outlook for IPhone Shipments, Cites China Lockdowns – bbg
European stocks head for broadly lower open as investors gear up for U.S. midterms and inflation data – cnbc

Key Events This Week: Midterms And CPI – Zerohedge
Marketmind: Polls and Prices – Reuters
Marketmind: Markets Defy COVID Blues – Reuters
US Earnings to Watch: Disney, Lyft, Rivian, NIO, Tapestry – bbg

 

 

ASIA NEWS
Hong Kong stocks rise 2%; China’s exports see first annual drop since May 2020 – cnbc
Asia Stocks Resilient as Wall St Slips, China Trade Disappoints – Reuters
What We Know About China’s Covid Zero Plan After Days of Turmoil – bbg
Chinese Stocks Extend Rally Even as Covid Zero Reaffirmed – bbg
Easing Hong Kong’s COVID Curbs, Opening China Border Top Bankers’ Wish List -HKMA Chief – Reuters
China Stocks May Rally 20% on a Full Reopening, Goldman Says – bbg
China’s exports and imports contracted in October – ing
China’s Trade Unexpectedly Shrinks as COVID Curbs, Global Slowdown Jolt Demand – Reuters
China’s Export Growth Unexpectedly Contracts as Demand Wanes – bbg
China Covid Cases Jump to Six-Month High as Outbreaks Flare – bbg

Risk Tone Sours, Dollar Rises on China Covid Zero: Markets Wrap – bbg
Wall Street Hopes History Repeats With a Post-Election Comeback – bbg
Asia Earnings Week Ahead: SoftBank, SMIC, Nintendo, NAB, Nissan – bbg

 

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