TOP NEWS: Week 12/14 – 12/20

Weekend 12/19 & 12/20

Star Wars: The Force Awakens’ shatters box office record with $238 million – businessinsider
Europe just had a year from hell — and next year could be worse – businessinsider



Friday 12/18

Confusion over Bank of Japan move pressures markets – live – guardian
Canada Dollar Falls to Lowest Since 2004 on Rate-Cut Speculation – Bloomberg
Hedge-Fund Casualties Jump to 257 in Third Quarter Amid Rout – Bloomberg

Hungary to Take `Big Step’ in Monetary Easing in 2016, Nagy Says – Bloomberg
Switzerland has discovered the unintended consequences of negative interest rates – businessinsider
Ukraine Defaults on $3 Billion Bond to Russia – Bloomberg
German Yield Curve Flattens as Oil Weighs on Inflation Outlook – Bloomberg
CREDIT SUISSE: The ECB won’t ease in 2016 – businessinsider
Bond Funds See Largest Outflows Since June 2013 Led by Junk Debt – Bloomberg
The U.K. Economy’s Dependable Engine May Lose Some Pep in 2016 – Bloomberg

This Year’s Worst Commodity Is One You Probably Can’t Pronounce – Bloomberg

Spain’s election will be felt across the whole continent – guardian
China Beige Book Shows ‘Disturbing’ Economic Deterioration – Bloomberg

Nikkei tumbles after BOJ shocks market with extra easing – Marketwatch
Shale Drillers Are Now Free to Export U.S. Oil Into Global Glut – Bloomberg
NANR: new N.American Natural Resources ETF by State Street – etftrack



Thursday 12/17

Fed interest rate hike: shares surge as markets celebrate – business live – guardian
In First Post-Hike Reverse Repo, Fed Removes $105Bn Liquidity From 49 Banks – Zerohedge
End of an Era: Positioning Portfolios for Higher Interest Rates – spdr
“In Short Janet, It’s Too Late” – Albert Edwards Calls It With These Seven Charts – Zerohedge
Philly Fed Collapses To Lowest Since Feb 2013 As ‘Hope’ Crashes – Zerohedge
Hong Kong Raises Base Rate After Fed, Sees Potential Outflow – Bloomberg
Argentine Peso Collapses 29% After Government Lifts Currency Controls – Zerohedge
Era of Easy Money Lives On in World Economy Even After Fed Shift – Bloomberg
Money Velocity Is Crashing – Here’s Why – Zerohedge
PIMCO Economic Outlook for 2016: “Central Banks to Diverge as Global Economies Converge” – pimco
PTEU, PAEU: new European Equity Strategy ETFs by Pacer – etftrack
BlackRock’s Fink Says U.S. Lucky to Grow 2% as Oil Prices Slump – Bloomberg
German Business Sentiment Falls as Global Risks Weigh on Economy – Bloomberg
ECB’s Weidmann does not see Greek debt relief as urgent-Naftemporiki – Reuters
Here’s what 8 banks are saying about the US Fed rate hike – businessinsider
BOJ Is Done Boosting Stimulus, in View of Half of Economists – Bloomberg
AstraZeneca is buying 55% of a cancer firm for $4 billion – businessinsider
Goldman Takes Ax to Iron Ore Outlook as Industry to Hibernate – Bloomberg

The Fed hike will hit these two currencies – cnbc
Taiwan Cuts Key Rate in Fed Defiance as Export Slump Deepens – Bloomberg
Japan’s Trade Balance Returns to Deficit as Exports Disappoint – Bloomberg



Wednesday 12/16

Business Live – guardian
Bank stocks had a huge day – businessinsider
Federal Reserve Rate Hike: Who Wins, Who Loses, Who Goes Meh – Bloomberg
Fed Hikes Rates, Unleashing First Tightening Cycle In Over 11 Years – Zerohedge
Battered, Apologetic and Still Pitching Their Hedge Funds – nyt

The Fed’s rate hike…in 2 minutes – cnn
What the big money is betting on for 2016 – Marketwatch
What Benefits To Savers? Banks Rush To Hike Prime Rate To 3.50%, Forget To Increase Deposit Rate – Zerohedge
Presenting Saxo Bank’s 10 “Outrageous Predictions” For 2016 – Zerohedge
Prepare For Peso Plunge: Argentina Lifts Currency Controls – Zerohedge
Baltic Dry Crashes To New Record Low As China “Demand Is Collapsing” – Zerohedge
US Manufacturing PMI Plunges To Lowest Since 2012 As Factory Orders Collapse To 2009 Lows – Zerohedge
Industrial Production Crashes Most Since 2009, Weather Blamed – Zerohedge
Factory Production in U.S. Stagnates on Less Output of Durables – Bloomberg
Brazil Gets Second Junk Rating as Fitch Cites Economic Slump – Bloomberg
Euro-Area Inflation Unexpectedly Accelerated in November – Bloomberg
UBS Analyst Who Called Mining Stock Slump Says Rout Not Over – Bloomberg
Crisis — what crisis? Emerging markets are developing fast – Marketwatch
Philippines Plans Backup Capital to Prepare for Disasters – Bloomberg
Emerging market FX reserves fall this year passes the $500 bln mark – Reuters
China central bank expects economic growth of 6.8 percent in 2016 – Reuters

Eurozone economy enjoys strongest quarter for four-and-a-half years – markit
Germany: December PMI edges lower, but still rounds off best quarter in one-and-ahalf years – markit
Job Creation Signals Euro-Area Economy May Pick Up Speed in 2016 – Bloomberg
French private sector output growth slows to near-stagnation – markit


Tuesday 12/15

UK and US inflation data released as Fed meeting begins – business live – guardian
Foreigners Sell A Record $55.2 Billion In US Treasuries In October – Zerohedge
Natural gas just crashed to a 16-year low  – businessinsider
Don’t Count on an Oil Rally If U.S. Crude Export Ban Is Lifted – Bloomberg
What Happens When Interest Rates Rise? – wisdomtree
ETFs Magnify Mood Swings – Bloomberg
Here’s What the Fed Will Be Watching to See If Liftoff Worked – Bloomberg
What the ECB giveth, the ECB taketh away – bnp
Goldman Warns IG Credit Collapse Signals S&P 500 Notably Overvalued – Zerohedge
Millennials are about to kick-start a home-buying boom – Marketwatch
Core CPI Rises 2.0% Driven By Surging Rents, Giving Fed Green Light To Hike Rate – Zerohedge
The Italian banking system is in serious trouble – businessinsider
Empire Manufacturing Contracts For 5th Month As Workweek Crashes Near Record Lows – Zerohedge
JPMorgan’s Mowat Makes Case for China Rebound in 2016 – Βloomberg
Prices of London’s Most Expensive Mansions Surging Amid Shortage – Βloomberg
Russia Sees No Oil Price Recovery In The Coming 7 Years – Zerohedge
When It Comes to Credit Carnage, It’s the Financing, Stupid! – Bloomberg
China’s Economic Growth Rate Is Seen Falling Until at Least 2018 – Bloomberg
Greece Approves New Austerity Bill Changing Loan Rules – nyt
U.K. Inflation Rate Above Zero for First Time in Four Months – Bloomberg
DEUTSCHE BANK: Why the current low oil price may have overshot the mark – businessinsider
Australia ‘should be alert to the risk of recession’, says PIMCO – smh



Monday 12/14

Markets start Fed Week in jittery mood – business live – guardian
Bad News: “This Is The Worst Global Dollar GDP Recession In 50 Years”, Deutsche Calculates – Zerohedge
Trannies Trounced To 20-Month Lows, Enter Bear Market – Zerohedge
4 key factors that may make this the year’s nastiest week for Wall Street – Marketwatch
Yuan’s Reserve Currency Status: The Door to China Swings Open – pimco
It May Be Too Late Already for the Fed-ECB Divergence Trade – Bloomberg
How the problems in junk bonds impact stocks – businessinsider
2016: Ten Surprises for Japan – wisdomtree
Central London Home Prices Seen Stagnating as Buyers ‘Give Up’ – Bloomberg
Never Mind $35, The World’s Cheapest Oil Is Already Close to $20 – Bloomberg
Hedge Funds Burned by Commodities Lose $40 Billion Since ’08 – Bloomberg
ETFs/ETPs In Asia Pacific Suffered Net Outflows Of $1.2 Billion Dollars in November – nasdaq
SocGen Looks At The Devastation Across Markets, Sarcastically Concludes It Is “Time For A US Rate Hike Then?” – Zerohedge
Five Mind-Blowing Stats from the Selloff in the Biggest Junk Bond ETF – Bloomberg
Junk Rated Stocks Flashing Same Signal as High-Yield Bond Market – Bloomberg
SocGen Sees 33% Odds Emerging Currencies Rally Post Fed Liftoff – Bloomberg
Junk-Bond Funds Extend Losses as Lucidus Liquidates Holdings – Bloomberg
Bond Funds Are On Their Own – Bloomberg
Oil Sinks to Lowest in Almost 7 Years as Iran Vows More Supply – Bloomberg

Fosun’s chairman makes surprise AGM appearance – cnbc
Hong Kong Property Foreclosures Seen Doubling in 2016 on Economy – Bloomberg
Banks in South Africa Surge After Zuma Finance Minister Reversal – Bloomberg
Japan’s Corporate Sentiment Holds Up With Tankan Index Unchanged – Bloomberg

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