Stocks in China climbed after the central bank’s injection of cash raised hopes of more supportive monetary policy, with equities elsewhere trading mixed as investors assessed soured U.S.-China ties. The dollar slipped.
The Shanghai Composite was more than 2% higher after the People’s Bank of China boosted liquidity in the financial system to support banks. Hong Kong also rose. Equities in Japan and Australia were lower along with European equity futures. S&P 500 contracts rose and crude oil climbed. Gold fell, building on last week’s slide. Treasuries were steady, with the 10-year yield at 0.70%.
Nikkei -0.69% Hang Seng +1.32% CSI +2.44% Shanghai +2.35% Shenzen +1.68%
Eur$ 1.1856 CNH 6.9360 CNY 6.9395 JPY 106.57 GBP 1.3087 CHF 0.9889 RUB 73.0650 WTI$ 42.42 +0.98%
S&P +0.25% Nasdaq +0.44% EuroStoxx -0.15% FTSE +0.06% Dax -0.12% SMI
Macro :
- Goldman Boosts S&P 500 Target by 20% as Strategists Catch Up
- Denmark to Mandate Face Masks as PM Hints at Stimulus
- Two Million Californians Go Dark and the Heat Is Just Beginning
- UPS, FedEx Say They Can’t Carry Vote Ballots Like USPS: Reuters
- Odey Readies Contingency Plan Over Assault Charge: Times
- U.K. Urges At-Risk Groups to Sign up for Vaccine Trials: Rtrs
Keep an eye on :
- IAG LN : British Airways A380s Fly Again
- CWK LN : Cranswick Sees Earnings Ahead of Previous Expectations
- DEMANT DC : Demant 1H Rev Beats Estimates; Sees 2H Sales Growth of 5-15% (1)
- DTG LN : U.K. Airline Jet2 to Cut More Than 100 Pilots Amid Covid Crisis
- FB US : Facebook Is Merging Instagram and Messenger Chats, Verge Reports
- FRAS LN : Billionaire Ashley Bids for Collapsed DW Sports: Sunday Times
- K2AB SS : K2A Plans to Issue SEK300m-SEK400m in New Green Bond
- KESKOB FH : Kesko July Comparable Sales +6.40%
- LHA GY : Lufthansa Cabin Crew Vote in Favor of Collective Agreements
- METN SW : Metall Zug First Half Ebit Loss CHF1.7 Mln, +6.3% Y/y
- OCDO LN : Tesco to Offer Free U.K. Home Grocery Deliveries: Telegraph
- ROG SW : Roche’s Genentech Gets FDA Approval for Enspryng (Aug. 14)
- SAN FP : Sanofi to Buy U.S. Autoimmune Drugmaker in $3.4 Billion Deal
- SWTQ SW : Schweiter First Half Net Revenue Meets Estimates
- SHOT SS : Scandic to Re-evaluate Scope of Job Cuts in Norway, E24 Reports
- SYNT LN : Synthomer EPS Outlook Up After Earnings Defied Bears: Berenberg
- TSCO LN : Tesco to Offer Free U.K. Home Grocery Deliveries: Telegraph
- TSLA US : Tesla China Registrations Slow as Competition Heats Up
- UBSG SW : UBS Targeting Asia for 30% of Global Earnings: Business Times
- URW NA : Unibail Hasn’t Decided Deleveraging Choice, Weighs All Options
- WDI GY : Wirecard Echoes in Austrian Bank Fraud Raise Awkward Questions