TOP MARKETS NEWS: Week 12/10 – 12/16

Friday 12/14

Business Live – guardian
Five Things You Need to Know to Start Your Day – Bloomberg

Dow slides 500 points on global growth fears – CNN
US PMI Plunge Confirms Near-Record Streak Of Disappointing Global Economic Data – Zerohedge
US Manufacturing Output Disappoints, Stagnates For 2nd Month In A Row – Zerohedge
US Retail Sales Surge In November Amid Jump In Online Spending – Zerohedge
Stocks could struggle after record outflows, history shows – cnbc
Markets Are “Losing The Plot” After Greatest Week Of Market Outflows Ever – Zerohedge
BoI cuts 2018 GDP forecast to 0.9% – ansa

CFOs Predict A 2019 Recession & 2020 Market Crash – Zerohedge
Apple shares drop after the most influential analyst covering the stock slashes his iPhone estimate – cnbc

Retail sales rise in November, diminishing fears of economic slowdown – Reuters

Commodities have been battered by the Trump-China trade war. And 2019 doesn’t look much better. – businessinsider
Charts of the Year: Cash is king – ft
U.S. recession risks jump, Fed rate hike expectations slump – Reuters poll – Reuters
China to Halt Punitive Tariffs on U.S. Cars, Auto Parts Starting Jan. 1 – caixinglobal
China to Cut Tax on U.S. Vehicles to Ease Trade Tensions – Bloomberg
Eurozone business growth slides to four-year low at end of 2018 – markit

GERMAN Business activity growth eases to four-year low in December – markit

EU car sales fall for a third-straight month – Marketwatch

Citigroup Says Buy Global Stock Dip as Earnings Worries Overdone – Bloomberg

Asia stocks take a hit from economic data early Friday following 2 days of gains – Marketwatch
Japan big manufacturers’ business outlook cautious – Marketwatch
China’s consumers, factories take a beating as economic gloom deepens – Reuters
China economic activity mostly slowed in November – Marketwatch



Τhursday 12/13

Italian bonds rally as Rome bows to EU pressure over its budget – business live – guardian

For The First Time Ever, Bank Of Canada Buys Mortgage Bonds – Zerohedge
Debt Worldwide Hits Record $184 Trillion, or $86,000 Per Person – Bloomberg

PIMCO’s Recession Signal Is “Flashing Orange” – Zerohedge
The Bubble Bursts: Vancouver Home Prices Plunge 8.5%, Biggest Annual Drop Since 2009 – Zerohedge
Euro slips as ECB’s Draghi lowers growth forecast for Europe – cnbc

Stocks making the biggest moves premarket: KO, GE, PG, AAPL & more – cnbc

Turning points: Year Ahead 2019 – ubs
Huawei drama sparks concern that Canada’s exports (and there’s a lot) will get caught in the crosshairs – fp
P&G shares will keep outperforming volatile market as investors ‘seek stability’: Bank of America – cnbc
Here are the risks stock-market bulls should fear most in 2019: HSBC – Marketwatch

GE shares surge 9% after JP Morgan analyst who called their decline says the bottom is near – cnbc

China looks like it’s going to give Trump a huge symbolic trade war win, fuelling hope for a big deal – businessinsider

SNB Sees Downside Risks as It Keeps Crisis Policy Settings – Bloomberg

What comes after the ECB’s money presses stop? – Reuters



Wednesday 12/12

You’ll never guess who benefits the most if China reduces U.S. auto tariffs: The Germans – cnbc
Fed piles up $66 billion in paper losses as it faces Trump’s wrath – msn

The backstop explained – cl
China Considers Delaying High-Tech ‘Made in China 2025’ Plans – Bloomberg
China makes first major buy of U.S. soybeans since Trump-Xi meet – Reuters

Nearly half of corporate CFOs are expecting a US recession by the end of 2019 – cnbc
Consumer Price Inflation Weakest Since January But Goods Prices Rise Fastest In 5 Years – Zerohedge
Deutsche Bank shares surge on report Germany plans to fix bank’s problems with merger – cnbc
KBW downgrades bank sector on poor economic outlook, says other analysts will follow – cnbc
Global Markets, US Futures Surge On Renewed Trade Hopes – Zerohedge



Tuesday 12/11

Pound near 20-month low amid Brexit uncertainty, ahead of UK jobs data – business live – guardian
Google goes to DC; Brexit chaos; Spotlight on Huawei – cnn

A big market collapse and $20 oil make the list of Nomura’s ‘grey swan’ predictions for 2019 – cnbc
Daimler Is Buying a Massive $23 Billion Worth of Battery Cells to Power Its Future EV Lineup – thedrive
General Motors Stock Gains, AT&T Rises and 5 More Morning Movers – barrons

Canadian said to be detained in China, Huawei CFO due back in court – Reuters

Macron’s multi-billion giveaways could cost France dearly – cnbc

Investors should be furious: 3 blue-chip stock buybacks that went horribly wrong – cnbc

Automakers rise on report of China moving to cut U.S. car tariffs – Reuters
US and China discuss next stage of trade talks – cnbc
Pfizer shares fall premarket after JPMorgan downgrades to neutral – Marketwatch
ECB Wins EU Top Court Fight Over Legality of QE Program – Bloomberg
Chinese companies are urging employees to boycott Apple and buy Huawei – cnn
Huawei CFO back in Canada court as bail hearing set to wrap – Reuters
Theresa May rushes to Brussels but the EU does not want to reopen Brexit talks – cnbc

What is the Irish backstop? Here’s why it has taken center stage amid chaotic Brexit negotiations – CNBC

Auto Stocks Surge on Report China Preparing to Slash US Import Tariffs – thestreet

China’s car sales drop for sixth straight month with November’s 18 per cent decline a further sign of slowing economy – scmp



Monday 12/10

Stock markets slide again as trade war and growth fears mount – business live – guardian

Almost half of S&P 500 stocks in a bear market – Reuters
Tusk: EU to talk Brexit, but ‘we will not renegotiate the deal’ – politico
Recession Odds Soar To 70% In Two Years, According To JPMorgan – Zerohedge
Trade Bear David Woo Hasn’t Been This Nervous Since 2008 – Bloomberg
France protests: Macron promises tax concessions and minimum wage rise in response to violence – independent
Cable Crashes As May Abandons Brexit Vote, Steps Up No-Deal Preparations – Zerohedge
Eurozone: A recession is very unlikely in 2019 – Natixis – fxstreet
Beijing Blowback: Qualcomm Wins Ban On Some iPhone Sales In China – Zerohedge

Apple falls further into the red for 2018 after Citi slashes target: ‘Trade wars are bad for tech’ – cnbc
Act on climate change or risk global financial instability, $32 trillion investor alliance warns – cnbc
GoPro plans to move U.S – Reuters
2019 Market Outlook: Fixed Income – schwab
Italy is no longer Europe’s problem child as France’s protest crisis grows – cnbc
Quant juggernaut AQR is putting a €1.3 billion short bet on Germany as hedge funds seize on the DAX’s very bad year – businessinsider
Hedge Funds Have Stocks to Dump, in Bad Sign for Sell-off – Bloomberg
Citi Warns U.S. Credit Locked in a Losing ‘Internecine’ Battle – Bloomberg

BASF Pulls Down Chemical Stocks as Forecast Cut Shocks Investors – Bloomberg
HSBC, Standard Chartered among the banks ensnared in Huawei dispute – Marketwatch
China property to cool in 2019, weigh on economy, curbs may be eased: Reuters poll – Reuters

French central bank slashes GDP forecast on back of yellow vests protests – ft

France’s Macron expected to promise change amid riots and ‘economic catastrophe’ — but is it too late? – cnbc
Germany’s trade surplus narrows in October – Marketwatch
Asia stocks fall after Chinese trade data misses expectations – Marketwatch
OECD warns Australia to prepare contingency plans for a ‘severe collapse’ in the housing market –
IMF departing chief economist warns on U.S. growth – Marketwatch
Japan’s economy shrinks most in four years as global risks hit business spending – Reuters
China’s export and import growth slows sharply in November – yuantalks
China export growth slows sharply in November – Marketwatch
U.S. says March 1 ‘hard deadline’ for trade deal with China – Reuters
AQR Strips ‘Risk Parity’ Name From Mutual Fund After Redemptions – Bloomberg
Trump reverses course, tells Pentagon to boost budget request to $750 billion – politico
What Is an Inverted Yield Curve and What Does It Really Mean? – thestreet