TOP MARKETS NEWS: Week 11/13 – 11/19

Weekend 11/18 & 11/19

Newsquawk Week Ahead: PBoC LPR, Minutes from FOMC, ECB & RBA, Japanese CPI – forexlive
Profit Recession Ends as a Challenging Holiday Season Begins – bbg
Stocks Rally, Starship Explodes, APEC Winds Down: Your Saturday US Briefing

 


Friday 11/17

Business Live – guardian

‘Big Banks’ See $63BN Deposit Outflows Last Week, Loan Volumes Continue To Contract – Zerohedge
Stocks meander while bonds flatten after hot housing data – Newsquawk US Market Wrap 
‘Santa Married Goldilocks’ – Soft CPI Sparks Big Week Of Buying For Bonds, Stocks, & Gold – Zerohedge
S&P 500 ends Friday slightly higher, major averages cruise to third week of gains – cnbc
OPEC+ Considering Additional 1 Million Barrel Oil Production Cut Amid Outrage Over Gaza War – Zerohedge
Disney’s box office problems ramp up pressure on CEO Bob Iger and studio chief Alan Bergman – cnbc
US Debt Risks to Become a ‘Fact of Life’ for Investors, Says Citi – Reuters
Dollar’s Worst Week in Months Erases 2023 Gains on Rate Cut Bets – bbg
US Jobs Data May Be Miscounting Millions of ‘Gig’ Workers, Research Suggests – Reuters
Eli Lilly Will Build $2.5 Billion Plant With Weight-Loss Demand Booming – bbg
Stocks making the biggest moves midday: Gap, Ross Stores, Tenet Healthcare and more – cnbc
Retail Investors Crowd Into Eli Lilly After Weight-Loss Drug Approval – Reuters
US Equity Funds Draw Heavy Inflows on Expectations for Fed Pause – Reuters
European Shares End the Week Higher as Bond Yields Slide on Rate Cut Bets – Reuters
Global Equity Funds See Surge in Inflows on Fed Pause Hopes – cnbc
Housing Starts & Permits Unexpectedly Jump In October Despite Homebuilder Sentiment Slump – Zerohedge
New US Home Construction Increased Unexpectedly in October – bbg

Marketmind: Treasury Yields Dive as Oil Craters, Economy Softens – Reuters

Gap Shares Jump 30% to Extend Months-Long Bet on New CEO’s Revival Effort – Reuters
Stocks making the biggest moves before the bell: Alibaba, Applied Materials, Gap and more – cnbc
Futures, Treasuries Rise Amid Rising Rate Cut Bets As Oil Bear Market Signals Recession – Zerohedge
More Expensive Services, Food Drive Euro Zone Inflation in Oct – Reuters
Athens Home Prices Are Surging Faster Than Other European Cities – bbg
Greece Said to Sell 22% National Bank Stake at €1.06 Billion – bbg

Alibaba’s Hong Kong shares drop 10%, dragging on Hang Seng; most Asia stocks end higher for the week – cnbc
Alibaba Is Worth About Half of Tencent as Demand Recovery Lags – bbg
Berkshire Sells Yen Debt at Lower Cost as New Share Targets Eyed – bbg
China Asks Some Big Banks to Cap Rates on Short-Term Funding – bbg

Asian Stocks to Fall as Wall Street Rally Wavers: Markets Wrap – bbg

 

Thursday 11/16

Business Live – guardian

Money Market Fund Inflows Continue As Fed’s Bank Bailout Fund Hits Another New High – Zerohedge
Stocks chop and bonds jump on more dovish US data – Newsquawk US Market Wrap
S&P 500 Barely Gains While Dow Ends Lower as Cisco and Walmart Drag – Reuters
Bonds & Bullion Soar On Dismal Data Amid Carnage In Crude & Crypto – Zerohedge
Dow closes lower on Thursday and snaps 4-day win streak as November rally takes a break – cnbc
Homebuilder Shorts Are Ripe for a Squeeze With Rally Gaining Strength – bbg
Disney Management to Host Company-Wide Town Hall on Nov. 28 – Reuters
S&P 500 Rally Sputters With Index Near Key Technical Levels – bbg
Rivian Could Offer Up To $15 Billion In “Phantom Bonds” To Secure New Georgia Campus – Zerohedge
US Yields Underestimate ‘Adverse Fiscal Dynamics,’ Barclays Says – bbg
Stocks to Outperform Fixed Income in 2024, Says Barclays – Reuters
Alibaba shares slide 9% after it shelves cloud spinoff, citing U.S. chip restrictions – cnbc
US-China Tech Fight Forces Alibaba to Scrap Cloud Spinoff – bbg
Intel Jumps to 17-Month High After Mizuho Analyst Upgrade – Reuters
Stocks making the biggest moves midday: Sonos, Cisco Systems, Alibaba, Walmart and more – cnbc
Retail Traders Cash Out as Market Rallies on Bets of End to Rate Hikes – Reuters
Europe Has Busiest Day of Bond Sales Since Early May – bbg
European Shares Fall After Three Days of Gains; HelloFresh Tumbles – Reuters
European Stocks Drop as Post-Inflation Joy Fades; Burberry Sinks – bbg

Industrial Production Plunges In October As Auto-Maker Strikes Hit – Zerohedge
UBS Expects Bonds and Stocks to Rise in 2024 on U.S. Soft Landing – Reuters
US Factory Production Falls as Strikes Drive 10% Plunge in Autos – bbg
Futures Drop As Walmart Consumer Caution Pours Cold Water On Sentiment – Zerohedge
US Continuing Jobless Claims Rise to Highest in Almost Two Years – bbg
Continuing Jobless Claims Surges To 2 Year High – Zerohedge
Macy’s Rises as Profit Exceeds Forecasts on Improved Inventory – bbg
Walmart Lifts Profit Outlook, Stays Cautious on US Consumers – bbg
Walmart shares slide as retailer gives a cautious outlook about consumer spending – cnbc
SQM Sees Lithium Glut Pushing Down Prices Through Year End – bbg
Disney Activist Investors Double After ValueAct Amasses a Stake – bbg
Siemens Sees Slower Revenue Growth With China in Recovery Mode – bbg
Siemens beats earnings forecasts, says sales growth to slow in 2024 – cnbc
Burberry shares sink 9% as luxury spending slowdown bites – cnbc
European stocks set for lower open as positive sentiment falters – cnbc

Hong Kong stocks fall as Xpeng leads EV stocks lower, U.S.-China talks kick off – cnbc
Lenovo’s Profit Beats Estimates in Sign of PC Demand Recovery – bbg

Shares in Asia Mixed as US Stocks Climb, Bonds Dip: Markets Wrap – bbg

 

 

Wednesday 11/15

Business Live – guardian
US Economy Cools as Retail Sales Dip, Monthly Producer Prices Decline – Reuters

U.S. and China agree to resume military talks. Takeaways from the Biden-Xi summit – cnbc
Cisco Plunges After Corporate Spending Slump Hurts Forecast – bbg
Cisco stock plunges on light guidance after product order slowdown – cnbc
Palo Alto Networks Slips After Missing Billings Estimate – bbg
Yields and Dollar pare some CPI downside after better-than-feared retail sales – Newsquawk US Market Wrap
Crypto Jumps But Bonds Dump As FCI Doom-Loop Looms – Zerohedge
Stock Market Today: Dow ends higher as Target rally pushes retailers higher – investing
Dow adds more than 150 points to clinch fourth winning day, fueled by cooling inflation data – cnbc
The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown – cnbc
Fed President Daly Warns Against Calling Time on Rate-Rising Cycle Too Soon – FT – Reuters
Stocks making the biggest moves midday: Target, Expedia, Generac, Catalent and more – cnbc
MFS, home of first-ever mutual fund, jumps into ETFs – FT
Goldman Sachs sees limited upside to stocks in 2024 as market rallies – yahoofinance
US Shoppers Take a Breather, Prices Ease in Sign of Cooling Economy – bbg

New York State Manufacturing Expands Though Outlook Deteriorates – bbg
US Producer Prices Unexpectedly Fall in October – Reuters
Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020 – cnbc
US Producer Prices Decline by Most Since April 2020 on Gasoline – bbg
US Retail Sales Declined As Student Debt Payments Resumed In October – Zerohedge
US Retail Sales Fall by Less Than Forecast Ahead of Holidays – bbg
US Retail Sales Declined As Student Debt Payments Resumed In October – Zerohedge
Goldman’s Kostin Latest on Wall Street to See 2024 Stock Gains – bbg
Futures Extend Blowout Rally With Nvidia Rallying For Record 11th Day But Retail Sales Can Spoil The Party – Zerohedge
Stocks making the biggest premarket moves: Target, TJX, Sirius XM, Advance Auto Parts and more – cnbc
Activist Investor ValueAct Builds Stake in Walt Disney – bbg
ValueAct Builds Stake in Disney, Adds Drama at Home of Mickey Mouse -Sources – Reuters
Activist investor ValueAct has been building a stake in Disney – cnbc
Target Shares Soar After Big Earnings Beat On ‘Inventory Management’; Comp Sales Drop Most Since 2009 – Zerohedge
Target Shares Surge on Margin Improvement, Inventory Drawdown – Reuters
Target Profit Blows Past Expectations Amid Leaner Inventories – bbg
JD.com’s Revenue Beats Estimates After Discounts Drive Sales – bbg
Euro Zone Industry Output Slips, Trade Surplus Continues in Sept – Reuters
UK Inflation Tumbles To 2-Year-Low As Energy Prices Plunge – Zerohedge
Siemens Energy Sees Profit in 2024 After Government Intervention – bbg
Alstom Charts Cost-Cutting Course to Slash €2 Billion in Debt – bbg
Infineon Reports Better-Than-Expected 2023 Revenue on Semiconductor Demand – Reuters
European stocks climb as markets assess U.S., China data; FTSE 100 turns positive for the year – cnbc

China’s Economic Activity Mixed as Beijing Steps Up Support – bbg
Tencent Profit Beats Estimates in Defiance of China Downturn – bbg

 

Tuesday 11/14

Business Live – guardian
Morning Brief: Focus on U.S. CPI – cb
Here Are the Key Takeaways From US CPI Report for October – bbg

Market rips after soft CPI sends yields and Dollar tumbling – Newsquawk US Market Wrap
Goldilocks Hopes Return to Wall St After Benign Inflation Report – Reuters
Wall St Jumps as Data Supports View Fed May Be Done Hiking Rates – Reuters
Stocks Soar, Yields And Dollar Crash As Fed’s Tightening Cycle Dies, Countdown To Cuts Begins – Zerohedge
S&P 500 notches best day since April, Dow leaps nearly 500 points on soft inflation report – cnbc
Investors Are Covering Their Short Bets, Sending Stocks Higher – bbg
Riskiest Stocks Are Having Best Day in a Year – bbg
Fed’s Goolsbee Sees Inflation Falling Fast Without Jobless Surge – Reuters
Stocks making the biggest moves midday: Home Depot, Fisker, SolarEdge and more – cnbc
US Shutdown Risk Drops as More Democrats Back GOP Speaker’s Plan – bbg
Pimco Calls for Bond Rally in 2024 After Bullish Forecast Crumbled This Year – bbg
European Shares Close at One-Month High on Cooling U.S. Inflation – Reuters
European Stocks Jump as US CPI Data Bolsters Peak Rates View – bbg
European Property Stocks Hit Eight-Month High After US CPI Data – bbg

Treasury Yields Slide as Soft CPI Boosts View Fed Is Done Hiking Rates – bbg
As Inflation Cools, Fed Seen Pivoting to Rate Cuts in May – Reuters
Slowing US Inflation Boosts Hopes Fed Done With Rate Hikes – Reuters
Cooler October US CPI Raises Confidence That Fed Hikes Done – Reuters
Wall Street Reacts To Today’s CPI Shocker Which Was The Biggest “Market Surprise” Of 2023 – Zerohedge
Here’s the inflation breakdown for October 2023 — in one chart – cnbc
CPI Unexpectedly Misses Across The Board, Core Inflation Lowest In Over 2 Years – Zerohedge
Inflation was flat in October from the prior month, core CPI hits two-year low – cnbc
US Inflation Broadly Slows in Sign of Progress for Fed – bbg
Stocks making the biggest moves premarket: Fisker, Kraft Heinz, Home Depot and more – cnbc
Goldman’s “Last Mile” Of Disinflation Will Be Brutal – Zerohedge
Home Depot Narrows Guidance for Profit, Revenue Decline – bbg
U.S. Small Business Sentiment Falls Slightly – Reuters
Analysis-Europe’s Problems Are Far Bigger Than a Shallow Recession – Reuters
IEA Raises Oil Demand Growth Forecasts, Flags Possible 2024 Surplus – Reuters
Euro Zone Q3 GDP Shrinks, but Employment Rises – Reuters
German Investor Morale Improves More Than Expected in November – ZEW – Reuters
Glencore to Buy 77% of Teck Coal Business for $6.93 Billion – bbg
Siemens Energy Secures €15 Billion Deal to Shore Up Finances – bbg
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession – cnbc
US Inflation Report to Keep Fed Leaning Toward More Rate Hikes – bbg
European markets head for mixed open ahead of euro zone GDP data – cnbc

Asia markets solidly higher ahead of Biden-Xi talks – cnbc
Global EV Sales Stay Strong, China Hits Record Despite End of Subsidies – Reuters

Asia Stocks Set to Gain as CPI Data, Fedspeak Loom: Markets Wrap – bbg

 

Monday 11/13

Business Live – guardian

EV Startup Fisker Posts Smaller Quarterly Loss – Reuters
Stocks and bonds pare early losses ahead of US CPI – Newsquawk US Market Wrap
S&P 500 Takes a Pause Ahead of U.S Inflation Data – Reuters
Bonds & Stocks Shrug At Moody’s USA Credit Rating Downgrade, Oil & Gold Bounce – Zerohedge
S&P 500 closes little changed Monday after Moody’s cut to U.S. outlook – cnbc
US Rate Cut Not Seen Until Q4 2024 Due to Strong GDP Growth -Goldman Economists – Reuters
Improved Profit Margins ‘Bright Spot’ in US Earnings Season -Goldman Strategists – Reuters
Stocks making the biggest moves midday: Tesla, Warner Bros. Discovery, Boeing, HP and more – cnbc
Tesla Stock Is Soaring. There Are a Few Potential Reasons – barrons
Nvidia Upgrades Processor as Rivals Challenge Its AI Dominance – bbg
Nvidia unveils H200, its newest high-end chip for training AI models – cnbc
‘Tidal Wave’ of AI Spending to Power Tech Bull Market, Wedbush Says – cnbc
European Stocks Gain as Traders Look Ahead to US Inflation Data – bbg
Exxon Aims to Become a Leading Lithium Supplier for EVs by 2030 – bbg
US Consumers Trim Inflation Expectations, Turn Most Bearish On Stocks In One Year – Zerohedge
NY Fed Finds Softer Inflation Expectations in October – Reuters
US Consumers Trim Inflation Expectations and Outlook for Finances Is Mixed – bbg

Marketmind: Sidestepping Moody’s Rating Twist – Reuters

Stocks making the biggest moves premarket: Tyson Foods, Boeing, Monday.com and more – cnbc
Boeing Goes Big in Dubai on First Day of Show While Airbus Waits – bbg
Tyson Foods Expects Flat 2024 Sales as Beef Remains a Drag – bbg
US Futures Drop, Europe Gains Ahead Of Key CPI Data – Zerohedge
Germany Warns More Commercial Real Estate Pain Ahead – bbg
Key Events This Week: CPI, PPI, Retail Sales, More Fed Speakers And Walmart Earnings – Zerohedge
Morgan Stanley Sees S&P 500 Ending 2024 at 4,500 – Reuters
Morgan Stanley’s 2024 Outlook: Slowing Economy, Policy Easing And Challenging Set-Up For Markets – Zerohedge
Morgan Stanley Sees Bullish Opportunities for US Assets in 2024 – bbg
Goldman Sachs, Morgan Stanley Diverge on Fed Rate-Cut Forecasts – bbg
A Big Bond Rally Needs a Recession With Fed Wary of ‘Head Fakes’ – bbg
European markets close higher as travel stocks lead gains; U.S.-China talks in focus – cnbc

Most Asia markets edge lower by midday; Biden-Xi talks awaited – cnbc
China’s Credit Growth Weaker Than Expected in October – bbg
Goldman Downgrades Hong Kong-Traded China Stocks, Raises India – bbg

Asia Stocks to Climb After Wall Street Tech Rally: Markets Wrap – bbg
Stubborn Core CPI Helps Explain Some Fed Restlessness: Eco Week – bbg