TOP NEWS: Week 02/01 – 02/07

Weekend 02/06 & 02/07

Bank Of America Admits The U.S. May Already Be In A Recession – Zerohedge
The Number Everyone’s Been Waiting For: Chinese Reserves Plunge By $100BN – What Does It Mean For Markets? – Zerohedge

Why a selloff in European banks is ominous – Marketwatch
2016 EPS Estimates Slashed By 50% Just One Month Into The Year – Zerohedge
China’s Foreign-Exchange Reserves Fall to $3.23 Trillion – Bloomberg
Financial scams may pose as big a political problem for Xi Jinping as the stockmarket crash – economist
Global slowdown or outright recession? – diacalle
The negative-rates club is growing. But there is a limit to how low rates can go – economist
In the Fastest-Growing African Economy, Government is the Fuel – Bloomberg


Friday 02/05

Markets brace for US jobs report – business live – guardian

January Payrolls Miss Big, Adding Only 151,000 Jobs, But Hourly Wages Jump – Zerohedge
Billionaire Loses Goldin Touch With Asia’s Worst Stock: Chart – Bloomberg

Spanish Mortgages of $625 Billion May Reward Borrowers: Chart – Bloomberg

China’s reserves pose the next hurdle for yuan – cnbc
Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group – Bloomberg

How Much Global Oil Output Halted Due to Low Prices? Just 0.1% – Bloomberg

German Factory Orders Fall as Export Slowdown Cools Confidence – Bloomberg

BNP Paribas Posts Drop in Quarterly Profit, Pledges Savings – Bloomberg
PBOC Boosts Open-Market Injections by Four Times Before Holidays – Bloomberg
Indonesian Growth Beats Estimates as Widodo Lifts Spending – Bloomberg
BOJ Roils $14.1 Billion Money Market Industry as Nomura Suspends – Bloomberg


Thursday 02/04

Business Live – guardian

Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes – Zerohedge
More “P”onzi-2-“P”onzi Blowups “Just A Matter Of Time” In China, Experts Warn – Zerohedge
Goldman Sees Pound Tumbling by as Much as 20% on `Brexit’ – Bloomberg
A Preview Of This Weekend’s Event That Could Unleash A “Vicious Bear Market Rally” – Zerohedge
The Latest Hedge Fund Casualty: Standard Pacific Capital Is Liquidating – Zerohedge
If There Is a Recession in 2016, This Is How It Will Happen – nyt
Obama Proposes $10/Barrell Oil Tax To Fund Government Transportation Investments – Zerohedge
Credit Added to List of Bank Worries – Bloomberg
The Real Reason For Oil’s Crazy Volatility This Week – Zerohedge
The Full Summary Of U.S. Banks’ Energy And Commodity Exposure – Zerohedge
Greek Pensions Reform Sparks Clashes in Test for Tsipras – Bloomberg

DAX Plunges To 1 Year Lows As Deutsche Bank CoCos Crash, Italian Bank Stocks Slide – Zerohedge
Italian Stocks Are Priced More Like Brazil Than Europe: Chart – Bloomberg

Russia Says Turkey May Be Planning Syria `Invasion’ – Bloomberg
European Bank Risk Soars To 3 Year Highs, US Risk Rising – Zerohedge
Explaining Today’s Collapse In US Worker Productivity – Zerohedge
Eurozone growth forecast cut to 1.7% – bbc

Vodafone reports sixth quarter of growth as recovery takes hold – Reuters

Draghi Says Inflation Challenges No Reason for ECB Inaction – Bloomberg
Credit Suisse announces 4,000 job cuts – bbc
Credit Suisse Posts Loss on Impairment, Trading Downturn – Bloomberg
China’s Debt Default Risk Climbs to Highest Since June 2013 – Bloomberg


Wednesday 02/03

Markets slip despite better than expected Chinese data – business live – guardian

Italian cheese firm sells Parmesan-backed bond – cnbc
Is It Time To Panic About Deutsche Bank? – Zerohedge
China’s US$7.6b Ponzi scam highlights growing online risks – bt
Gold Surges Above Key Technical Level – Zerohedge
Manufacturing Recession Spills Over Into Services After Dismal PMI, ISM Data – Zerohedge
BARCLAYS: China is about to announce the biggest monthly drop in FX reserves on record – businessinsider
Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note – Zerohedge
Deutsche Bank’s CoCo bonds have investors fidgeting in their seats – businessinsider
ADP Employment Growth Tumbles From Miraculous December Bounce – Zerohedge
U.K. Services Firms Start to Crack as Risks Mount – Bloomberg

Eurozone economic growth slows to 4-month low – markit

GERMANY: Activity growth slows, but business confidence highest in nearly 5 years – markit

France: Business activity returns to marginal growth at start of 2016 – markit

Italy: Service sector business activity rises in January, but at a slower rate than December – markit

Spain: Activity continues to rise at start of 2016, albeit at reduced pace – markit

Commodity Bull Cycle Seen Emerging From Ashes as Oil Near Bottom – Bloomberg
China Sets 6.5% to 7% Economic Growth Target Range for 2016 – Bloomberg
ChemChina Offers Over $43 Billion for Syngenta – Bloomberg
China: Service sector performance improves at start of the year – markit

Japan: Business activity growth at service providers accelerates to 5-month high at start of 2016 – markit



Tuesday 02/02

Gold hits three-month high as markets hit by economic fears – business live – guardian

Most. Expensive. Market. Ever – Zerohedge
Why we should worry about Libya…again – cnbc
S&P Just Downgraded 10 Of The Biggest US Energy Companies – Zerohedge
The Fed Wants to Test How Banks Would Handle Negative Rates – Bloomberg
Behold Unintended Consequences: Japan Cancels 10Y Auction For First Time Ever Due To Sub-Zero Rates – Zerohedge
Recession risks warn of ‘severe’ drop in the stock market – Marketwatch
Paying A Corporation To “Buy” Its Debt? It’s Coming Soon, Jim Reid Warns – Zerohedge
The Flaw In The Fed’s Calculation: Recession Odds Are Far Higher Than Widely Believed – Zerohedge

Einhorn Under Pressure as Greenlight Shrinks by $3.2 Billion – Bloomberg

How Italy Seeks to Lure Investors to Its Pile of Bad Loans: Q&A – Bloomberg

This bank’s IPO is being shelved for 24 hours because of a credit rating agency – businessinsider

Flood of Oil Asset Writedowns Seen Across Asia on Crude Rout – Bloomberg
UBS Profit Up in 4th Quarter, but Markets Weigh on Results – nyt

BP Profit Falls 91%, Missing Estimates, as Oil Slump Deepens – Bloomberg

RBA’s Stevens Keeps Benchmark Interest Rate at 2% (Full Text) – Bloomberg



Monday 02/01

Deflation fears grow as eurozone factory growth slows – guardian

Atlanta Fed Sees Q1 GDP Growth At Just 1.2%, 50% Below Wall Street Consensus – Zerohedge
US Manufacturing Remains In Recession As ISM Misses, Contracts For Fourth Month – Zerohedge
W.H.O. to Decide on Response to Zika Virus – nyt
The Best And Worst Performing Assets Of A Miserable January – Zerohedge
Energy debt trouble raises recession risk: Yusko – cnbc
Savings Rate Surges To Highest Since 2012 As Spending Disappoints – Zerohedge
Eurozone manufacturing growth slows at start of 2016 – markit
German Manufacturing growth cools at start of 2016 – markit
French manufacturing sector stagnates at start of 2016 – markit
Italy: Manufacturing PMI dips to four-month low in Januar – markit
Spain: Sharpest rise in new orders since February 200 – markit
Indian manufacturing sector returns to growth at start of 201 – markit
Japan: Operating conditions improve at solid rate – markit
BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers In Human History – Bloomberg
Central Bank pumps 1.5 trln yuan into market via MLF, SLF, PSL – xinhuanet
China manufacturing shrinks for sixth month in a row – bbc

China official manufacturing PMI eases to 49.4 in January, misses forecasts – Reuters
China: Manufacturing sector downturn extends into 2016 – markit
Why haven’t banking giants got a lot smaller? – ECONOMIST

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