TOP NEWS: Week 12/05 – 12/11

Weekend 12/10 & 12/11

Monte Paschi “Scrambles” With Last Minute Capital Increase To Avoid Nationalization – Zerohedge
Monte dei Paschi of Siena in battle to secure private investment – guardian
Inflation-hit Venezuela to pull largest bill from circulation – Reuters
Italy’s Monte dei Paschi to press ahead with private rescue plan: source – Reuters
BIS Warns OF Bouts Of Extreme Volatility, As Market Undergoes “Paradigm Shift” – Zerohedge
Italy’s Gentiloni Faces Economy, Banks, Populists in Top Job – Bloomberg
Happy Socialist Christmas: Venezuala Seizes 4 Million Toys From “Price-Gouging” Importer, Gives To Nation’s Poor – Zerohedge
Active Managers Move Back ‘All In’ On Stocks – Zerohedge

 

Friday 12/09

Business Live – guardian

EUR/USD: Breach Of Parity Ahead; USD/JPY: 116 Upperbound In December – BTMU – efxnews
ECB rejects Monte Paschi’s request for more time to raise cash – source – Reuters

ECB: Asset purchases seem to be quite open-ended – BBH – fxstreet

German trade surplus smaller than seen in October – Marketwatch

Here’s How Korea’s Impeachment Vote Will Affect Markets – Bloomberg
China Factory Prices Jump 3.3%, Lifting Global Inflation Outlook – Bloomberg

 

Thursday 12/08

Business Live – guardian

OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles – Bloomberg
‘Nice try Draghi, the ECB has tapered’ — and other analyst takes on the ECB decision – Marketwatch

German Curve Steepens Most Since 2008 as ECB Tweaks QE: Chart – Bloomberg

ECB Extends Bond-Buying at Reduced Pace Until End of Next Year – Bloomberg

BofA Warns Trumpflation Might Break The “Buy The Dip” Trade – Zerohedge

Japan’s third-quarter growth rate revised down sharply – bbc
French regulator: Banks are already preparing to open up in Paris post-Brexit – businessinsider
U.K.’s Capita to Sell Units, Cut 2,000 Jobs as Brexit Weighs – Bloomberg

Good U.K. Data Looks Likely to Break Bad in 2017 – Bloomberg

China exports end seven-month losing streak – Marketwatch

 

 

Wednesday 12/07

Italian bank rescue hopes push markets higher – business live – guardian
Live: Oil price dips as global supply levels stay elevated on record production – cnbc

India Outflow: Deutsche Bank Says You Ain’t Seen Nothing Yet – Bloomberg
CFOs most optimistic in 10 years on Trump victory – CNBC

India Panel Said to Recommend Tax Breaks for Digital Payments – Bloomberg

Mobius Sees Weaker Dollar Next Year as Trump Boosts Industry – Bloomberg

U.K. Manufacturing Unexpectedly Drops Most in Eight Months – Bloomberg
India’s central bank keeps repo rate unchanged at 6.25%; reverse repo rate stays at 5.75% – cnbc

China’s Foreign Reserves Drop Most in 10 Months as Yuan Slumps – BloombergInvestors Primed for Action in Final ECB Policy Meeting of Year – Bloomberg
Exclusive: Italy preparing to take controlling stake in Monte dei Paschi – sources – Reuters
Cash-Crisis India Looks Likely to Cut Rates – Bloomberg

Credit Suisse Steps Up Cost Cuts as Revenue Eludes CEO Thiam – Bloomberg

Australia economy retracts for 1st time in 5 years – Marketwatch

 

Tuesday 12/06

These Two Charts Show How Global Growth Looks Poised to Shoot Up – Bloomberg
The ‘Weird’ Commodity Hurting the Bears as Prices Double – Bloomberg

Trump: SoftBank to add $50B, 50K jobs in U.S. – usatoday
China Admits “Economic Downturn Just Beginning”, Slashes Salary Guidelines – Zerohedge

Italian banks – Debt swaps, cap increases coming – Bloomberg

Fitch Cuts Outlook For Italian Banks To Negative Due To High Bad Debt, Referendum Vote Risks – Zerohedge
The Latest Bond ETF Flows Reveal What’s Keeping Investors Awake at Night – Bloomberg

Italian Constitutional Court To Hold January 24 Hearing On Electoral Law – Zerohedge
Greece could profit from Europe’s political turmoil but it needs all the friends it can get: Economist – cnbc

Core Durable Goods Orders Contract For 22nd Straight Month – Longest Non-Recessionary Streak In US History – Zerohedge
Sweden needs 64,000 immigrants a year to sustain growth – neweurope

Trade Deficit in U.S. Widened to a Four-Month High in October – Bloomberg

Robots to steal 15million of your jobs, says bank chief – dailymail

Monte dei Paschi readied for state bailout after Renzi defeat – cnbc

CBA: If you think recent US dollar rally has been spectacular, you haven’t seen anything yet – businessinsider
RBA Holds Key Rate as Commodity Upswing Outweighs Slowdown – Bloomberg
Here’s what 5 investment banks are saying about Italy’s referendum result – businessinsider

 

Monday 12/05

Markets jittery after Italian PM resigns – business live – guardian
LIVE: Italy Referendum: Prime Minister Renzi Quits as Voters Deliver Stinging Rebuke – wsj

Could Matteo Renzi’s exit lead to an Italian bank rescue? – guardian
What Italy’s ‘No’ Vote Means for the Euro and Banks – fortune
China Is Transforming Southeast Asia Faster Than Ever – Bloomberg

Greek debt burden eased by creditors – bbc

Eurogroup Agrees Short-Term Debt Measures for Greece – mni
U.S. Rates Are Rising and Japanese Exporters Are Roaring – wisdomtree

Renzi Delays Resignation Until Senate Passes Budget Law – Zerohedge

Venezuelan women flock to Colombia border town to sell hair – Reuters

“Things Have Tapered Off” – US Services Economy Jumps To 13-Month Highs But New Orders Stall – Zerohedge
Gold Standard Approved for Islamic Finance, Opening New Market – Bloomberg
Italy might have to bail out banks, ECB’s Nowotny says – Reuters

WACC Is Back: Getting Ready To Live In An Era Of Rising Rates – Zerohedge
Growth Outlook for Emerging Asia Still Relatively Strong – fitch

Another Blow for Modi? India Validates 82% of ‘Cash Ban’ Notes – Bloomberg

Key Events In The Coming Weeks: Italy Aftermath, ECB, ISM, Consumer Confidence – Zerohedge
U.K. Services Pickup Keeps Economy on Track to Maintain Momentum – Bloomberg

“Investors Are Dangerously Unprepared” – Axel Weber, Former Bundesbank Head Warns Of Coming Rate Hikes By ECB – Zerohedge
Eurozone growth accelerates to 11-month high in November – markit
This Is What Analysts Are Saying About the Aftershocks of the Italian Referendum – Bloomberg
GERMANY: Business activity expands at fastest pace for 6 months – markit
Italian banks’ shares fall after vote – bbc
Credit Suisse Planning More Swiss Job Cuts, SamS Reports – Bloomberg
Further modest growth in French service sector – markit

ITALY: Growth of business activity at 9-month high in November – markit
SPAIN: Business activity expands at fastest pace in 3 months – markit
Draghi Seen Ready for One More QE Sprint in ECB Stimulus Finale – Bloomberg

Italy’s PM Matteo Renzi to resign after constitutional referendum defeat – cnn
China service sector activity picks up in November – Marketwatch
Hong Kong Billionaire Makes a $5.4 Billion Bid for Australian Energy Firm – fortune
New Zealand Prime Minister John Key shocks country with resignation news – Marketwatch

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