TOP MARKETS NEWS: Week 11/22 – 11/28

Weekend 11/27 & 11/28

Omicron Is “Extremely Mild” Says Doctor Who First Discovered Strain As Numerous Mutations “Destabilize” The Virus – Zerohedge
Goldman Slams Omicron Panic: “This Mutation Is Unlikely To Be More Malicious; No Reason For Portfolio Changes” – Zerohedge
Belgian Prime Minister Says New Variant Heralds Arrival Of “COVID-21” – Zerohedge
Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season – cnbc
Week Ahead: When doves cry – nordea
U.S. dollar hits highest level since July 2020 — Oppenheimer on which stocks to watch – cnbc


Friday 11/26

Covid variant fears hit markets – business live – guardian
Scientists sound alarm over new ‘worst-ever’ super-mutant COVID variant – DAILYMAIL

‘Red Friday’ – Stocks Suffer Worst ‘Black Friday’ Selloff In 70 Years – Zerohedge
Dow tumbles 900 points for worst day of year on fears of new Covid variant, S&P 500 drops 2% – cnbc
Apple’s computerized glasses will be as powerful as a Mac and launch next year, top analyst says – cnbc
‘Nu’-ked: Crude Crashes Below $70, Breaks Key Technical Support – Zerohedge
Stocks making the biggest moves midday: Moderna, United Airlines, Zoom and more – cnbc
Stocks making the biggest moves before the bell: Delta, Moderna, Zoom Video, Microsoft & more – cnbc
Black Friday Turns Red On “Terrible News” – Global Markets Crater On “Nu Variant” Panic – Zerohedge
Oil tumbles 5% as new Covid variant sparks global demand concerns – cnbc
Bitcoin enters bear market territory as risk assets plunge on new Covid variant – cnbc
Treasury yields sink amid concerns around a new Covid variant – cnbc
European stocks set to open sharply lower amid concerns over a new Covid variant found in South Africa – cnbc
Futures Tumble Amid Sudden Fears Over “Dramatically” New Covid Strain With “Extremely High Number” Of Mutations – Zerohedge
Covid: New heavily mutated variant B.1.1.529 in South Africa raises concern – bbc


Thursday 11/25

Business Live – guardian

Transitory Is Dead: Goldman Now Expec – Zerohedge
GS: Fed to hike rates three times next year – forexlive
European markets edge higher despite Covid headwinds; Remy Cointreau up 11% – CNBC
Germany Q3 final GDP +1.7% vs +1.8% q/q prelim – forexlive
U.S. to sell 32 million bbls of mostly sour crude from 4 SPR sites – Reuters
European markets head for positive open despite Covid headwinds – cnbc
Asian shares inch lower as dollar marches on – Reuters
Asia-Pacific stocks mixed; Bank of Korea announces rate hike – cnbc
Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan – cnbc


Wednesday 11/24

Business Live – guardian
Rates Spark: Two-way risk – ing

Stocks, Bonds, & The Dollar Bid As Fed Admits Stagflation Fears – Zerohedge
S&P 500, Nasdaq eke out small gains as jump in Treasury yields cools – cnbc
The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner – cnbc
FOMC Minutes Show The Fed Fears Stagflation, Suggest Taper Pace Could Accelerate – Zerohedge
Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show – cnbc
Saudis, Russians Consider Pausing Oil Production Increases In Retaliation To Biden SPR Release – Zerohedge
Fed’s Favorite Inflation Indicator At 30-Year-High As Savings Rate Plunges To Pre-COVID Levels – Zerohedge
Adidas dives into metaverse, buying lands on The Sandbox – currency
Metaverse Platform The Sandbox’s SAND Token Surges 25% After Adidas Teases Partnership – COINDESK
Stocks making the biggest moves midday: Gap, Nordstrom, Deere, VMware and more – cnbc
Q3 GDP Revised Slightly Higher But Still Misses Expectations – Zerohedge
US Durables Goods Orders Unexpectedly Suffer First Back-To-Back Drop Since April 2020 – Zerohedge
The Number Of Americans Filing For First-Time Jobless Benefits Was The Lowest Since 1969 Last Week – Zerohedge
Stocks making the biggest moves premarket: Deere, Gap, Nordstrom, VMware, HP & more – cnbc
Futures Slide As Dollar Jumps, Yields Rebound Ahead Of Massive Data Dump – Zerohedge
German IFO’s Economist: Latest fall in IFO index gives us some cause for concern – fxstreet
German Ifo weakened further in November – ing
European markets mixed as investors digest data, Covid surge; Telecom Italia up 9% – cnbc
Goldman Sachs on Biden’s oil reserve release – worth less than $2 / bbl – forexlive
European markets head for mixed open as investors digest data, Covid surge – cnbc
Japan leads losses in Asia-Pacific; New Zealand dollar falls after central bank announces rate hike – cnbc
ForexLive Asia FX news wrap: RBNZ 25bp cash rate hike as expected – forexlive
Musk Dumps Another $1.05 Billion In TSLA Stock, Reaches Halfway Point To Liquidate 10% Stake – Zerohedge


Tuesday 11/23

Business Live – guardian
Stock market news live updates: Nasdaq falls as tech-led drop extends, crude oil rebounds – yahoofinance

HP reports strong Q4 results, ups Q1 outlook – zdnet
HP shares jump after earnings beat, CEO says return to office driving PC demand – cnbc
Dell Profits Top Estimates on Strength in Commercial PCs – barrons
Gap shares crater 12% after retailer sees millions in lost sales from delayed product shipments, cuts forecast – cnbc
Stocks Ramped To A Green Close As Oil Soars While Surging Yields Hammer Techs – Zerohedge
Dow climbs nearly 200 points but Nasdaq falls again as rising rates divide the market – cnbc
Zoom stock closes down 14% after Wall Street slashes price targets – cnbc
Uranium “Cornering” Accelerates: Sprott Massively Upsizes Physical Buying Program To $3.5 Billion Amid Relentless Demand – Zerohedge
Sprott Uranium Trust allowed to raise up to $3.5 billion to buy more uranium – kitco
Wall Street Analysts React To Biden’s Not-So-Strategic Petroleum Reserve Release – Zerohedge
Stocks making the biggest moves midday: Zoom Video, Best Buy, Abercrombie and more – cnbc
Cryptos Hit Session Highs After Regulators Announce Plan To Define Legal Crypto-Related Bank Activities In 2022 – Zerohedge
Avalanche’s token is up 33% in the last week⁠–here’s what to know about the ‘Ethereum competitor’ – cnbc
Services Sector Unexpectedly Weakens In November As Input Prices Hit Record High – Zerohedge
“Rounding Error” – Oil Prices Surge As Biden SPR Release Backfires – Zerohedge
European Gas Prices Jump As US Announces Nord Stream 2 Sanctions – Zerohedge
Futures Under Water As Tech Selloff Spreads, Yields Spike, Lira Implodes – Zerohedge
US Announces Coordinated, Global Oil Release Of Up To 50 Million Barrels, As Expected – Zerohedge
Japan to release ‘several days’ worth of oil reserves – forexlive
Turkish lira plummets to ‘insane’ historic low after President Erdogan sparks sell-off – cnbc
Barclays raises 2022 oil price view on faster inventory drawdown – Reuters
European markets head for subdued open ahead of key euro zone data – cnbc
Oil slips on plans to tap emergency crude reserves – Reuters
Asia-Pacific stocks mixed as tech shares drop after Biden renominates Powell as Fed chair – cnbc


Monday 11/22

Business Live – guardian

Zoom’s Earnings Beat Forecasts. The Stock Is Tumbling – barrons
Zoom beats estimates even as revenue growth is poised to slow after pandemic – cnbc
Bonds, Bitcoin, & Big-Tech Puke On Powell Pick; Banks Bid On Brainard Diss – Zerohedge
Nasdaq dips 1% as bond yields rise, tech falters after Biden picks Powell for second Fed term – cnbc
U.S. lawmakers call for privacy legislation after Reuters report on Amazon lobbying – Reuters
$15 Billion In Inflows Every Single Day: Goldman Bets It All On A Meteoric Year-End Meltup – Zerohedge
As Markets Brace For Beijing Easing, Chinese State Media Unveils 25bps RRR Cut Before Year-End – Zerohedge
Stocks making the biggest moves midday: General Motors, Astra, Activision Blizzard and more – cnbc
S&P 500 at record high as banks rally on Powell nomination – Reuters
Powell tapped for second term as Fed chair – Reuters
“Cancerous To The West”: Kyle Bass On The Risks Of China’s Digital Currency Rollout – Zerohedge
Stocks making the biggest moves in the premarket: Activision Blizzard, Astra Space, Bluebird Bio and more – cnbc
Futures Trade Near All Time High As Traders Shrug At Inflation, Covid Concerns – Zerohedge
Ericsson to buy cloud firm Vonage for $6.2 billion – cnbc
JPMorgan Warns S&P Fair Value Is 2,500 If Inflation Shocks Do Not Fade Away – Zerohedge
Key Events This Holiday-Shortened Week: A Wednesday Data Dump For The Ages – Zerohedge
European markets start the week on a positive note despite Covid-19 concerns; Telecom Italia up 21% – cnbc
KKR makes $12 billion approach to take Telecom Italia private – cnbc
Asia-Pacific stocks mixed;, Netease shares in Hong Kong jump on index inclusion – cnbc
China rate cut is on the table before year-end – forexlive