TOP MARKETS NEWS: Week 12/02 – 12/08

Weekend 12/07 & 12/08

China’s November trade surplus with U.S. at $24.60 billion vs $26.45 billion in October – Reuters
U.S. banks’ reluctance to lend cash may have caused repo shock: BIS – Reuters

 

 

Friday 12/06

German factory recession deepens with biggest output fall in a decade – business live – guardian
Hang Seng Index gains as investors bet US-China trade deal will come through – live – scmp

Here’s what happened to the stock market on Friday – cnbc
Here Is The Main Reason For Today’s Blockbuster Jobs Report – Zerohedge
November Payrolls Smash Expectations: 266K Jobs Added, As Mfg Workers Soar – Zerohedge
German industry slump sparks renewed economic growth fears – Reuters
Saudi Aramco to Raise $25.6 Billion in Biggest I.P.O. Ever – nyt
Saudi Aramco prices shares at top of range in world’s biggest IPO – Reuters

 

 

Thursday 12/05

Business live – guardian
Hang Seng Index gains on report US and China are close to phase-one trade deal – live – scmp

U.S. equity funds attract $4.29 billion in week -Lipper – Reuters
U.S. trade deficit shrinks sharply; labor market tight – Reuters

Growth stocks still have room to run before reaching previous bubble valuations, Credit Suisse strategist says – Marketwatch

Graphic: Gazing into the recession crystal ball – Reuters
German manufacturing orders fall in October – Marketwatch

 

 

Wednesday 12/04

Trade war: Trump’s threats jolt markets as hopes of China deal fade – business live – guardian

Hang Seng Index falls after Donald Trump says US-China trade deal could wait until after US elections – live news – scmp

The repo market is ‘broken’ and Fed injections are not a lasting solution, market pros warn – Marketwatch
ISM Services Disappoint As “Optimism Remains Historically Subdued” – Zerohedge
ADP Employment Data Disappoints, Second Lowest Print In A Decade – Zerohedge
U.S. and China move closer to phase-one trade deal: Bloomberg – Reuters
Saxo: 6 Macro Calls For 2020 – Zerohedge
EUROZONE: Stagnant new work limits private sector growth in November – markit
German Business activity growth ticks higher but remains modest – markit
China Caixin services PMI hits 7-month high – Marketwatch
Australia’s economy sputters despite stimulus – Marketwatch

 

 

 

 

Tuesday 12/03

Trade war: Stocks slide as Trump says ‘no deadline’ for China deal – business live – guardian
Hang Seng Index falls on worries about US-China trade deal – scmp

Will no China trade deal bring more Fed rate cuts? It’s not that simple, analysts say – Marketwatch
Stock-market selloff sees investors consider ‘no-deal’ scenario on U.S.-China trade – Marketwatch
It Cost Less Than 1 Billion Euros for Romania to Shield Its Currency – Bloomberg
Earnings Season: The Good, The Bad, & The Ugly – Zerohedge
Here’s What Happens to Markets If U.S. Tariffs on China Kick in Dec. 15 – Bloomberg
UK Retail Sales Collapse In November By Most On Record – Zerohedge

 

Monday 12/02

Eurozone manufacturing recession continues, but China’s factories recover – business live – guardian

Chinese Business Live – scmp

Hope Fading Fast for Fourth-Quarter Earnings Rebound in S&P 500 – Bloomberg
Global Manufacturing Inches Back Into Expansion, Despite Ongoing Slump In Export Orders – Zerohedge
US Manufacturing Survey Disappoints, New Orders/Employment Plunge – Zerohedge
The global economy is ‘bottoming out,’ and that’s good news for stocks, says Deutsche Bank – Marketwatch

Trump renews tariff threat on Brazil and Argentina – CNN

JPMorgan Sees Global Economic Pick-up Spurring Mediocre Returns – Bloomberg

UK manufacturers cut jobs at fastest rate since 2012 – PMI – Reuters
European PMI Mfg improves to three-month high, but signals ongoing contraction – markit
Saudi exchange to limit Aramco index weighting with cap – Reuters
GERMAN Manufacturing PMI climbs to five-month high but remains firmly in contraction territory – markit
Turkish economy returns to growth, government eyes acceleration in 2020 – Reuters
Key Events In The Week Ahead: PMIs, ISMs, Payrolls And Politics – Zerohedge
Stocks tick up on upbeat China factory reports, trade talk hopes – Reuters

Caixin also shows uptick in China’s manufacturing – Marketwatch