TOP NEWS: Week 02/29 – 03/06

Weekend 03/05 & 03/06

China Lowers Growth Target to 6.5%-7% Range This Year – wsj
Are Greek Banks About To Charge For The Privilege Of Banning €500 Bills? – Zerohedge
While China Disappointed Stimulus Expectations, Here Is a Summary Of The Main NPC Announcements – Zerohedge
Sweden Begins 5 Year Countdown Until It Eliminates Cash – Zerohedge


 

Friday 03/04

Stock markets hit eight-week high ahead of US jobs report – business live – guardian

The Most Painful Part Of The Short Squeeze May Be Yet To Come, JPM Warns – Zerohedge
BlackRock Suspends ETF Issuance Due To “Surging Demand For Gold” – Zerohedge
HY Credit Spreads Have Never Been This High Outside Of A Recession – Zerohedge
German Banks Told To Start Hoarding Cash – Zerohedge
The Reason For Copper’s Dramatic Surge: Chinese Copper Inventories Hit Record – Zerohedge
US Oil Rig Count Drops Below 400 For The First Time Since 2009 – Zerohedge
Over 80% Of Jobs Added In January Were Minimum Wage Earners – Zerohedge
February Payrolls Smash Expectations, Surge To 242,000 Even As Hourly Earnings Post Unexpected Drop – Zerohedge
Brazil’s Lula Targeted in Police Raid Into Corruption Scandal – Bloomberg
ECB Preview: Easing Mix in Sight as Draghi Aims to Over-Deliver – Bloomberg

Scandal-Hit Baltic Bank Closed by ECB as Regulator Vows Cleanup – Bloomberg

From Schengen to ‘Brexit,’ Risks to the Euro Are Stacking Up – Bloomberg

PBOC Pulls $129 Billion in Biggest Weekly Withdrawal Since 2013 – Bloomberg
India’s Sensex Heads for Biggest Weekly Advance in Four Years – Bloomberg

 

Thursday 03/03

Eurozone private sector growth falls to 13-month low – business live – guardian

“It Hasn’t Been This Bad Since The Viking Age”: Dry Bulk CEO Warns Of Bankruptcy Tsunami, Counterparty Risk – Zerohedge
UBS: “There Is No Doubt That The Move In Oil Is TOTALLY Short Squeeze Led”, Here’s Why – Zerohedge
It’s Official: Canada Has Sold All Of Its Gold Reserves – Zerohedge
Diagnosing What Ails Europe’s Biggest Banks – Bloomberg

Negative Rates + QE = Less Liquidity in Government Bond Markets – Bloomberg

Four Charts Show Why Copper’s Comeback Could Have Staying Power – Bloomberg

UK services growth weakest in nearly three years in February – markit

No ‘big short’ yet for hedge funds on Brexit – Reuters
China’s National People’s Congress: What You Need to Know – Bloomberg
Eurozone economic growth at 13-month low as France contracts – markit
GERMANY: Solid service sector activity growth maintained in February – markit
FRANCE: Business activity dips back into contraction in February – markit
ITALY: Business activity rises solidly again in February – markit

JAPAN: Service sector activity growth slows to seven-month low in February – markit
Caixin February services PMI falls to 51.2 from January’s 52.4 – cnbc
Chinese service sector expands at weaker pace in February – markit

 

 

Wednesday 03/02

Business Live – guardian

“It Hasn’t Been This Bad Since The Viking Age”: Dry Bulk CEO Warns Of Bankruptcy Tsunami, Counterparty Risk – Zerohedge
Molotovs and Death Threats: Russian Debt Collectors Go Medieval – Bloomberg
British Pension Provider Warns Of “Death Of Retirement” – Zerohedge
Japan’s Three Biggest Banks Declare Yen’s Depreciation Is Over – Bloomberg
The Next Cockroach Emerges: Including Undrawn Loans, Canadian Banks Exposure To Oil Doubles – Zerohedge
World’s Superrich Population Declines for First Time Since 2008 – wsj
Sheep Line Up For Slaughter: Investors Buy Most Junk Bonds Ever – Zerohedge
Beige Book: Fed Confused By Impact Of Low Gas Prices, Blames Stock Market, Sees Rising Wage Pressures – Zerohedge

Goldman Sees Japan’s Bonds Outgunning Treasuries to Drive Market – Bloomberg
What Savers Do Under NIRP – The “Perversely Negative” Impact Of Going Negative – Zerohedge
Fed Increasingly Cornered As ADP Reports Surprising Beat In Jobs – Zerohedge
U.A.E. Central Banker Says SWF Withdrawal Reports `Overblown’- Bloomberg

Moody’s: Oil & Gas Liquidity Stress Index deteriorates to worst-ever level – moody’s

As Exxon Slashes 2016 CapEx Forecast By 25%, US GDP Faces Big Hit To Fixed Investment – Zerohedge

China state media’s WeChat post questions PBOC easing – Reuters

Banks Bloated on Sovereign Debt Weaken Italy in Row With Germany – Bloomberg

Debts rise at China’s big steel mills, consumption falls – Reuters
Death and Despair in China’s Rustbelt – Bloomberg
Coeure Says ECB Watching Impact of Negative Rates on Banks – Bloomberg

U.K. Construction Unexpectedly Slows as Homebuilding Slumps – Bloomberg

Germany: A Rare Case Where Low Joblessness Still Means Higher Pay – Bloomberg
S&P: Large Japan economic stimulus would raise concerns – Reuters

Australia’s economy expands at the end of 2015 – Marketwatch
Credit crunch crushing manufacturers in China’s south – NIKKEI
Moody’s Downgrades China’s Credit Outlook From Stable To Negative – Full Text – Zerohedge

Moody’s lowers outlook on China’s credit rating to negative from stable – cnbc

 

 

Tuesday 03/01

China’s slowdown deepens as factory sector shrinks again – business live – guardian

Italian Villages Welcome Refugees to Avoid Oblivion – Bloomberg
EU bank watchdog urges limits on banks’ public debt holdings –  Reuters
Three Weeks After Buying Stocks, Gundlach Is Cashing Out Again: “I’m Bearish” – Zerohedge
Someone Isn’t “Buying” This Rally: The “Smart Money” Sells For Five Consecutive Weeks As Buybacks Soar – Zerohedge
Portugal’s Novo Banco to cut 1,000 staff this year -internal memo –  Reuters
‘Brexit’ could shrink UK’s financial services industry – BlackRock – Reuters
U.S. Stocks Rally With Emerging-Market Assets as Crude Tops $34 – Bloomberg
China’s Mass Unemployment Wave Begins: Six Million Workers To Get Pink Slips – Zerohedge
Global Junk-Bond Default Rate to Rise to ’09 Level, Moody’s Says – Bloomberg
Growing “Signs Of Distress” In US Manufacturing Data Demolish Decoupling Dream – Zerohedge
Emerging markets industry sinks into post-boom soul searching – Reuters
The Best And Worst Performing Assets Of February And 2016 – Zerohedge
Helicopter Money Might Be Closer Than You Think – Bloomberg

Central Banks Extend Longest Gold-Buying Spree Since 1965: Chart – Bloomberg

Greenspan Says Negative Rates `Warp’ Investment Behavior – Bloomberg

U.K. Manufacturing Has Its Worst Month in Almost Three Years – Bloomberg

Eurozone PMI falls to 12-month low in February – markit
Germany Manufacturing PMI drops to 15-month low in February – markit
FRANCE: Output falls for first time in six months during February – markit
ITALY: Manufacturing PMI slips to 12-month low as upturn loses momentum – markit
Japan setting up panel to debate new spending: sources – Reuters

Spain: Manufacturing output continues to rise sharply in February – markit
Barclays reports fall in profits – bbc
ICE Confirms It May Bid for LSE Group, Sending Shares to Record – Bloomberg
Denmark’s Sub-Zero Rate Veteran Warns Negative Policy Has Limits – Bloomberg

Japan Sells 10-Year Bonds at Negative Yield For the First Time – Bloomberg

Here’s what economists are saying about the RBA’s March policy statement – businessinsider
Reserve Bank of Australia Holds Rates at Record-Low 2% – Bloomberg
China’s PMI Reports Show Slowdown Deepening as Services Slip – Bloomberg

 

 

Monday 02/29

Eurozone is doomed, warns Bank of England ex-governor – business live – guardian

Saudi Cash Reserves Drop To Lowest Level In 40 Months Amid Crude Carnage – Zerohedge
“We Are In A Recession”: Dallas Fed Respondents Admit The U.S. Economy Is In Freefall – Zerohedge

A top-performing hedge fund manager used a quote from the Wall Street movie ‘Margin Call’ to explain why it is so scary out there – businessinsider
Modi Eyes Political Rebirth With Budget Moves to Win Rural India – Bloomberg
China reaffirms stable exchange rate, moving forward structural reform – chinadaily
Dallas Fed Hovers Near ‘Lehman’ Levels Despite Surge In Hope – Zerohedge
Citi: Why China Is the Future of Emerging Market Debt Refinancing – Bloomberg
Chicago PMI Collapses From ‘Mysterious’ January Bounce As Employment Crashes To 7 Year Lows – Zerohedge

At this rate, the US oil rig count will be zero by August – businessinsider
Mining Stocks Are Now the Only European Sector in Positive Territory This Year – wsj
Global funds flee stocks, raise bond holdings to five-year high as growth fears mount – Reuters

Mom-and-Pop Investors Pile Into Swiss Property Market – Bloomberg

Citi: There’s Been a Worrisome Change in the Market for New Corporate Debt – Bloomberg

U.S. shale’s message for OPEC: above $40, we are coming back – Reuters

Luxury Home Prices in Central London Fall Most Since June 2009 – Bloomberg
Euro zone returns to deflation in Feb – Reuters
The China paradox: Prudent or panic move – forexlive
China Cuts Banks’ Reserve Requirement Ratio – Bloomberg
Sterling would fall to parity vs euro after Brexit vote – UBS – Reuters
European stocks pull back as G-20 statement falls flat – Marketwatch
Haldane Pushes Bank of England to Probe Future of Cash – Bloomberg

China expects to lay off 1.8 million workers in coal, steel sectors – Reuters
EUR/SEK sinks to lows post-GDP – fxstreet

Hedge Fund Treasury Bets at Most Since 2013 Amid Two-Month Rally – Bloomberg
Yuan in Longest Declining Run Since December as PBOC Cuts Fixing – Bloomberg
Bank of Japan’s Kuroda again grilled over negative rates – Marketwatch

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