TOP NEWS: Week 11/27 – 12/03

Weekend 12/02 & 12/03

Bitcoin Tops $11,000 Again – Becomes World’s 6th Largest Currency In Circulation – ZeroHedge
In Major Victory For Trump, Senate Passes “Sweeping” Tax Bill Which Nobody Read: Here’s What’s In It – ZeroHedge


Friday 12/01

Business Live – guardian

GOP Releases All 479 Pages Of The Tax Reform Bill – “Vote-A-Rama” Begins – ZeroHedge
What Is Behind China’s Bond Rout? – ZeroHedge
Morgan Stanley Defends Downgrades of Asia Tech Titans After Rout – Bloomberg
Is This The Reason For EONIA’s “Mystery” Surge? – ZeroHedge
Eonia Mystery Deepens Despite No Sign of Wider Funding Stress – Bloomberg

Fate of GOP tax bill in doubt as new analysis pours cold water on it – nbcnews
Meanwhile… The Yield Curve Is Crashing-er – ZeroHedge
Central Banks Find That a Tool to Curb Bubbles Is Doing the Job – Bloomberg
US Manufacturing’s Hurricane-Rebound Is Over: New Orders Sink, Costs Soar – ZeroHedge
U.K. Manufacturing Grows at Fastest Pace in More Than Four Years – Bloomberg
Alarm Bells Are Sounding Over Gigantic Run-Up in Momentum Stocks – Bloomberg
Italian Economic Growth Revised Down as Demand, Exports Rose – Bloomberg
Nordea Bank’s 6,000 Job Cuts Are Just the Beginning, Union Says – Bloomberg

China’s manufacturing activity fell in November – Marketwatch

Asian shares, dollar pare gains after US tax bill vote delayed – Reuters

 

 

Thursday 11/30

Business Live – guardian

What Wall Of Worry? US Equity Investors Are The Most Levered-Long Since Brexit – Zerohedge
This Has Never Happened Before In Global Equity Markets – Zerohedge
JPMorgan Sees Pain for Growth Stocks and Their Hedge Fund Fans – Bloomberg
McCain Mania Sends Dow Soaring To Record Highs As Yield Curve Collapse Continues – Zerohedge
Eurozone inflation rises to 1.5% on energy prices – Marketwatch

Credit Suisse Aims to Pay 50% of Profit in Buybacks, Dividends – Bloomberg
German jobless claims fall more than seen – Marketwatch
French inflation edges up, missing forecasts – Marketwatch
China Factory Gauge Unexpectedly Rises as Global Demand Firms Up – Bloomberg
Bank of Korea Leads the Way in Asia With Interest-Rate Hike – Bloomberg
Chip-stock malaise spreads to Asia, dragging down markets – Marketwatch

 

 

Wednesday 11/29

Business Live – guardian

Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says – Bloomberg
Deutsche Bank to Morgan Stanley Shun European Cyclical Stocks – Bloomberg
The Fed is having 2nd thoughts about raising interest rates further – businessinsider
Greek-Style Debt Crisis – Bloomberg
Federal Reserve starting to think about its own digital currency, Dudley says – cnbc

German Inflation Accelerated More Than Anticipated in November – Bloomberg

ECB warns of global market correction after excessive risk-taking – cnbc

Bitcoin just broke through $10,000 milestone in fastest $1,000 jump ever – Marketwatch

BOJ seen sitting on ETF time bomb as pile reaches $180bn – asianikkei

 

 

Tuesday 11/28

Business Live – guardian

Republicans are considering massive last-minute changes to their tax bill to try and win over holdouts – businessinsider
Senate Budget Committee Advances GOP Tax Bill on Party-Line Vote – Bloomberg
Q4 GDP Shocker – Wholesale Inventories Unexpectedly Plunge In October – Zerohedge
Exclusive: Britain and the EU agree Brexit divorce bill – telegraph
114 Italian Banks (Roughly 23%) Have NPLs Exceeding Tangible Assets – Zerohedge
Emerging-Market Bulls Standing Firm After Best Rally Since 2009 – Bloomberg
Bank of England: Fintech competition could cut banks’ profits by £1 billion – businessinsider
“Historic” Cyber Monday Is “Largest Online Sales Day In History” With $6.6 Billion In US Sales – Zerohedge

 

 

Monday 11/27

Chinese stocks fall to three-month low, but Bitcoin hits new high – business live – Guardian

Second Republican Senator Says He’s Voting ‘No’ On Tax Reform – ZeroHedge
Dallas Fed Survey Plunges Most In 22 Months – ZeroHedge
Here’s Where the GOP Tax Plan Stands Right Now – Bloomberg

Quant Model Triggers Buy Signal for China Stocks, Emerging Bonds – Bloomberg
Key Events In The Coming Week: Senate Tax Vote; Euro Inflation; GDP; OPEC, Fed Speakers – ZeroHedge
The electricity used to mine Bitcoin this year is bigger than the annual usage of 159 countries – businessinsider
Five Things You Need to Know to Start Your Day – Bloomberg
Chinese stocks drop again; Samsung, Taiwan Semi hit by downgrades – Marketwatch
Bitcoin heading for $10,000 as crypto market cracks $300 billion – businessinsider
Capital Markets Outlook 2018: deceptive calm coming to an end? – db

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