TOP MARKETS NEWS: Week 12/18 – 12/24

Friday 12/22

Business Live – guardian

European stocks open slightly lower; Adidas slides 6% as sportswear suffers from Nike nerves – cnbc

Tencent, NetEase shares plummet on new China online gaming guidelines – cnbc


Thursday 12/21

Business Live – guardian

Nike unveils plan to cut $2 billion in costs, warns of soft revenue – cnbc
Stocks recover and Dollar tumbles after GDP revised lower – Newsquawk US Market Wrap
Wall St Ends Sharply Higher, Rebounding With a Boost From Chips – Reuters
Bitcoin, Bullion, & Big-Tech Bounce As Rate-Cut Hopes Roar Higher – Zerohedge
Dow closes higher by more than 300 points, S&P 500 rebounds from worst day since September – cnbc
Stocks making the biggest moves midday: Paramount Global, Spotify, BlackBerry, CarMax and more – cnbc
Salesforce’s Newest Bull Predicts AI Will Send Stock to Record – bbg
Angola leaves OPEC in blow to oil producer group – Reuters
Wall Street Expects Homebuilders’ Shocking 2023 Rally to Continue Into Next Year – bbg

Final Q3 GDP, Personal Consumption Revised Sharply Lower As Core PCE Slumped To 2.0% – Zerohedge
Philly Fed Flops – New Orders Plunge As Prices Paid Jump – Zerohedge
Carnival Posts Smaller Loss, Beats Revenue Estimates on Steady Cruising Demand – Reuters
US Initial Jobless Claims Tick Up, Remain Near Historic Lows – bbg
Initial Jobless Claims Near Record Lows, Continuing Claims At 2-Year-Highs – Zerohedge
Futures Rebound From Worst Market Rout In Three Months – Zerohedge
European ETFs on track for second-highest annual inflows on record – ft
European markets open in negative territory after declines on Wall Street – cnbc

Asia markets track Wall Street decline, but China and Hong Kong reverse earlier losses – cnbc

 

 

Wednesday 12/20

Business Live – guardian

Micron Forecasts Strong Revenue as Memory Chip Demand Improves – Reuters
Micron Gives Strong Forecast After Data Center Demand Grows – bbg
Stocks snap winning streak as risk sours in late trade ahead of holidays – Newsquawk US Market Wrap
Wall Street Tumbles to Sharply Lower Close as Abrupt Sell-Off Snaps Rally – Reuters
‘Margin Calls & Massive Put-Buying’ – Stocks & Bond Yields Puke As Goldilocks Dies – Zerohedge
Dow falls 300 points Wednesday, heads for first decline in 10 days – cnbc
Euro to Rally 10% in 2024 on Weak Dollar, Repatriation, RBC Says – bbg
Warner Bros. In Talks to Merge With Paramount Global, Axios Says – bbg
Stocks making the biggest moves midday: FedEx, Coinbase, Aon, General Mills and more – cnbc
Small US Banks Are Increasingly at Risk in Commercial-Property Slump – bbg
LNG Shipping Rates Slump on Lower Demand Despite Red Sea Chaos – bbg
Crypto Gets Crazy Again With Dog-Inspired Tokens and Bitcoin Eyeing $45,000 – bbg
These Stock Forecasters Nailed This Year’s Rally. Here’s What They See for 2024 – bbg
Houthi Attacks in the Red Sea Add $22 Billion to Valuations of Shipping Companies – bbg
US Existing Home Sales Unexpectedly Limp Higher In Nov, Off Record Lows – Zerohedge
US Consumer Confidence Rose In November, But ‘Family Financial Conditions’ Worsened – Zerohedge
US Consumer Confidence Surges by Most Since Early 2021 – bbg

US PREMARKET
US ‘Buy Now, Pay Later’ Splurges Raise Holiday Debt Hangover Risk – Reuters
Futures Slide, Brent Jumps Back Over $80 As Red Sea Woes Spread – Zerohedge
BoE Rate-Cut Odds Soar, Cable Tumbles After UK Inflation Slows Far More Than Expected – Zerohedge
German 10-Year Yield Falls Below 2% for First Time Since March – bbg
Telefonica Boss’s Job Is About to Get Political With State Stake – bbg
European markets head for higher open; UK inflation data ahead – cnbc

Dovish BOJ boosts Japan stocks, China stands pat on benchmark lending rates – cnbc
Real Estate Developer China Aoyuan Files Chapter 15 Bankruptcy – bbg

Asia Stocks to Track Wall Street’s Year-End Rally: Markets Wrap – bbg

 

Tuesday 12/19

Business Live – guardian
Red Sea Blockage Means A New Round Of Surging Cost-Push Inflation – bbg

FedEx shares tumble after weaker demand hits revenue outlook – cnbc
Santa Rally continues while Yen and yields dip after BoJ stands pat – Newsquawk US Market Wrap
Wall Street Ends Higher as Rate-Cut Fever Lingers – Reuters
Hedgies Hammered As Retail ‘Dash-For-Trash’ Accelerates; Oil & Gold Jump – Zerohedge
Dow jumps more than 200 points for ninth winning day, S&P 500 nears record – cnbc
Tesla Analysts Eyeing EV Slowdown Turn More Cautious on 2024 – bbg
Shippers have already diverted about $35 billion in cargo from the Red Sea amid fears of attacks – cnbc
Red Sea Shipping Chaos, By the Numbers – bbg
Everything You Thought About Free Trade Is Wrong – bbg
Red Sea Chaos Has Shippers Bracing for Weeks Without Key Trade Route – bbg
Stocks making the biggest moves midday: Affirm, Chewy, Kenvue, Enphase Energy and more – cnbc
European Stocks Climb on Optimism Over Interest Rate Cuts – Reuters
Fed’s Newest Tool Has Become More Attractive on Rate-Cut Bets – bbg

Marketmind: New Records in Sight as BOJ Clears Decks – Reuters

Stocks making the biggest moves premarket: Amgen, Sunnova, Arvinas and more – cnbc
Hungary Sticks to Gradual Pace in Cutting EU-High Key Rate – bbg
US Housing Starts Unexpectedly Rise to a Six-Month High – bbg
Single-Family Housing Starts Exploded Higher In November As Mortgage Rates Tumbled – Zerohedge
Annual inflation down to 2.4% in the euro area – EUROPA
Activist Investor Cevian Takes 1.3% UBS Stake for €1.2 Billion – bbg
European markets head for higher open; G7 meeting of finance, central bank officials ahead – cnbc

Japan’s stocks jump after BOJ keeps monetary policy unchanged in final meeting of 2023 – cnbc
BOJ Governor Ueda’s Comments at News Conference – Reuters
Yen Plunges After BOJ’s Ueda Admits It’s “Difficult To Exit Negative Rates”, Shattering Normalization Hopes – Zerohedge
Yen Weakens, Nikkei Futures Climb After BOJ Maintains Policy – bbg
BOJ Stands Pat, Refrains From Hike Signal, Sending Yen Lower – bbg
Bank of Japan sticks to ultra-easy monetary policy in light of ‘extremely high uncertainties’ – cnbc
China’s Securities Regulator Warns Companies To Increase Dividends & Buybacks… Or Else – Zerohedge
China Flows Into New Stock Funds Plunge to Lowest in Decade- bbg

Asia Shares to Track US Rally, Treasuries Ease: Markets Wrap – bbg

 

Monday 12/18

Business Live – guardian
Japan, Korea Shippers Rise as Red Sea Routes Paused After Attack – bbg
Here’s how the Houthi attacks in the Red Sea threaten the global supply chain – cnbc
‘Operation Prosperity Guardian’ – Pentagon To Launch Expansive Naval Coalition To Defend Red Sea Passage – Zerohedge

Why the Fed’s Dire Predictions for 2023 Didn’t Come True – Reuters

Houthi Attacks Start Shutting Down Red Sea Merchant Shipping – bbg
Goolsbee Grounds Bond-Bulls But Bitcoin, Black Gold, And Big-Tech Bounce – Zerohedge
S&P 500 closes higher, Nasdaq jumps for eighth day as both indexes add to 7-week advance – cnbc
The Fed Pivots To What? – Zerohedge
What Tanker and Energy Companies Are Saying About Red Sea Route – bbg
Stocks making the biggest moves midday: Netflix, SunPower, Adobe and more – cnbc
Apple Plans Rescue for $17 Billion Watch Business in Face of Ban – bbg
AAPL Tumbles After Halting Watch Sales In The US – Zerohedge
SunPower Plunges on Default Risk and Going-Concern Warning – bbg
US Homebuilder Sentiment Rises for First Time in Five Months – bbg
Goldman Sachs Sees S&P 500 Hitting 5,100 in 2024, Boosting Forecast – Reuters
BofA Sees Four Rate Cuts From Fed Next Year – Reuters

Marketmind: Markets Brazen Fed Pushback, BOJ up Next – Reuters

US PREMARKET
Goolsbee ‘Confused’ by Market Reaction to Fed Chief’s Rate-Cut Remarks – Reuters
Futures Rise After 7 Weeks Of Gains, Oil Jumps As Shippers Halt Red Sea Crossings – Zerohedge
Stocks making the biggest moves premarket: U.S. Steel, Affirm, Illumina and more – cnbc
Road to Nippon’s $14.9-Billion Acquisition of U.S. Steel – Reuters
Japan’s Nippon Agrees to Buy US Steel for $14.1 Billion – bbg
‘Screamingly Cheap’ British Stocks Are Again a Hard Sell in 2024 – bbg
China’s Nio to Get $2.2 Billion Investment From Abu Dhabi’s CYVN – Reuters
Long-Dated Treasuries Enter Bull Market as Fed Pivot Feeds Rally – bbg
Key Events This Pre-Holiday Week: BOJ, PCE, Durables And A Some Other B-List Things – Zerohedge
Bond Bulls Look to Juice 2024 Return in Obscure Niche Trades – bbg
German Business Sentiment Falls in December – Ifo – Reuters
German Business Expectations Fall, Dampening Hope of Rebound – bbg
Shipping Stocks Extend Rally as Red Sea Traffic Paused – Reuters
Goldman Cuts 2024 Brent Price Forecast on Strong US Supply – Reuters
European markets set for lower open after fifth straight week of gains – cnbc

Asia markets mostly lower, South Korea shares rise as defense sector gains – cnbc
Hong Kong Comeback Story Turns Into Terrible Year for Investors – bbg
China Banks Step up Sales of Bad Loans as Consumer Defaults Rise – Reuters
China’s Real Estate Meltdown Is Battering Middle Class Wealth – bbg

Marketmind: Markets Play ‘Will They or Won’t They’ on BOJ – Reuters
Asian Stocks Set for Soft Open After Fed Pushback: Markets Wrap – bbg
Week Ahead Preview: BOJ Meeting; RBA, BOK, BOC Minutes; U.K. and Japan CPI; Central Banks’ Speeches – cb