TOP MARKETS NEWS: Week 11/18 – 11/24

Weekend 11/23 & 11/24

FX weekly: Get ready for climate QE – nordea
LVMH reaches deal to acquire Tiffany for $16.3 billion – cnbc
Saudi Aramco won’t breach maximum weight for firms in Saudi index – Reuters

“A Conundrum”: 2019 Equity Outflows Are The Biggest Ever, Yet Stocks Are At All Time Highs – What Happens Next? –  Zerohedge
Charles Schwab-TD Ameritrade deal would show fallacy of ‘free’ trade – nyp
UniCredit clinches deal to cut exposure to Turkish lender Yapi Kredi – sources – Reuters
Japan’s Yield Curve Control Regime Is Coming To America –  Zerohedge
As everyone else wins, lowest-rated junk bonds get hammered – et
Saxo Bank: “So Much Liquidity Has Been Injected In The Market, It Is Now Impossible To Withdraw It” –  Zerohedge
Forecasters See Lower U.S. GDP Growth in 2020 as Headwinds Continue – stlouisfed
Leveraged Loan Defaults Are At Highest Level In Two Years – forbes
The $4 trillion force propelling US stocks to record highs – cnn



Friday 11/22

Christine Lagarde calls for government spending boost in first policy speech as ECB boss – business live – guardian
BBC Business Live – bbc
Chinese Markets Live – scmp

Here Are Goldman’s Top Trades And Themes For 2020 –  Zerohedge
US PMIs Surge In November But “Business Conditions Remain Subdued” –  Zerohedge
Societe Generale Sticks With Forecast for U.S. Recession in 2020 – Bloomberg

Bitcoin plummets to a six-month low on China crackdown – Reuters

TSMC Completes Record 10-Week Gain as Foreigners Flock to Taiwan – Bloomberg

ECB chief Christine Lagarde speaks of a new order in the world economy in debut speech – cnbc

Eurozone near-stalled for third month running in November – markit

GERMAN Business activity remains subdued despite easing drag from manufacturing – markit

Germany: Consumption is the new export – ing
GDP revisions put China on target to double economy, but data doubts remain – Reuters



Thursday 11/21

Business Live – guardian
BBC Business Live – bbc

Chinese Markets Live – scmp

Charles Schwab in advanced talks to buy TD Ameritrade: source – Reuters
OECD sees global growth at decade-low, blames governments’ indecision – Reuters
Moody’s downgrades outlook for German banking system to negative – cnbc
U.S. stock futures pare losses after report China’s Liu ‘cautiously optimistic’ over trade deal – Marketwatch
Thyssenkrupp Set to Suspend Dividend – Bloomberg
This thorough study says which investments have done best since 1870 – Marketwatch
Stock’s Mysterious 3,800% Rally Is Wiped Out in Minutes – Bloomberg



Wednesday 11/20

Donald Trump tariff threat hangs over global stock markets – business live – guardian
Hang Seng falls as Beijing warns Donald Trump over bill supporting Hong Kong protesters, threatening US-China mini trade deal – scmp

Alibaba raises $11 billion in Hong Kong secondary listing – Marketwatch
Fed Reveals When The Next Repo Crisis May Strike – Zerohedge
Fed minutes show rates on hold, little hurry to change course – Reuters
‘Phase One’ U.S.-China trade deal may not be completed this year: trade sources – Reuters

The best-performing hedge funds are piling into these financial shares – cnbc
Editor Of China’s Global Times Taunts US Farmers: “Wait For A Trade Deal Before Getting Bigger Tractors” –  Zerohedge
US, China are fighting the ‘wrong war’ in their trade face-off – cnbc
Japan notches first trade surplus in 4 months as exports fall – Marketwatch
China trims new benchmark lending rate again to shore up sputtering economy – Reuters
Alibaba closes $13 billion Hong Kong share sale early – Marketwatch
Alibaba to price shares at HK$176 in landmark $12.9 billion HK listing: sources – Reuters




Tuesday 11/19

Stock markets mixed amid doubts on US-China trade deal – business live – guardian
BBC Business Live -bbc
Chinese Markets Live – scmp

AT&T stock falls after MoffettNathanson downgrades, saying dividend looks less compelling – Marketwatch
Why Vanguard’s chief economist says there is an elevated risk of a ‘large drawdown’ in stocks – Marketwatch

Hedge funds are buying stocks exposed to US-China trade on hopes for a deal – cnbc

European car sales accelerate to decade-high speed in October – afp
China’s central bank boosts liquidity via reverse repos, treasury deposits – xinhuanet



Monday 11/18

Business Live – guardian
BBC Business Live – bbc
Chinese Markets Live – scmp

The S&P 500 is up nearly 25% in 2019, and history shows the momentum could carry over to next year – cnbc
Banks and funds lower red flags on supercharged stocks – Reuters
Key Events In The Week Ahead – Zerohedge
JPMorgan Asset Lifts Global Stock View on Trade Talks, Eco Data – Bloomberg

Morgan Stanley Sees U.S. Underperforming in 2020 Across Markets – Bloomberg
ECB Member Hints Central Bank Will Buy Stocks When Situation Gets “Really Bad” – Zerohedge
SIX Announces All-Cash Tender Offer For BME To Create A Top-3 European Financial Markets Infrastructure Group – mv
China’s PBOC cuts reverse repo rate to 2.5% – Marketwatch