The dollar extended losses at the start of a new month to trade at its lowest since May 2018. Asian stocks drifted after a retreat in most U.S. equities with the exception of technology shares.
The euro led the charge against the beleaguered greenback and approached the closely watched $1.20 level. China’s yuan touched the highest since 2019 as manufacturing data indicated that exports are underpinning a recovery.
Australian shares underperformed, led by a decline in financials, while South Korean equities advanced as the government prepares to boost its budget in 2021. Equities fluctuated elsewhere in Asia. S&P 500 futures edged up after the benchmark notched a fifth consecutive monthly increase in August. European contracts rose. Treasuries were little changed. Indian bonds climbed in the wake of Reserve Bank of India steps to boost demand for government notes.
US After Hours ZM +21.5% zooms higher on earnings; KODK +35.8% up big as D.E. Shaw discloses 5.2% passive stake
Nikkei +0.02% Hang Seng +0.10% CSI +0.14% Shanghai +0.06% Shenzen +0.18%
Eur$ 1.1992 CNH 6.8189 CNY 6.8180 JPY 105.64 GBP 1.3418 CHF 0.9006 RUB 73.6230 WTI$ 43.05 +1.03%
S&P +0.16% NAsdaq +0.43% EuroStoxx +0.80% FTSE -0.32% Dax +0.75% SMI +0.28%
Macro :
- Germany Expects 2020 Contraction Won’t Be as Deep as Forecast
Keep an eye on :
- AA/ LN : Warburg Pincus in Talks to Join Forces for AA Takeover Bid: Sky
- AC FP : French June Hotel Stays Fall 73%; High-End Hotels Hit Hardest
- AMUN FP : Amundi Says Beware ‘Walking Dead’ Firms in High-Yield Credit
- AR4 GY : Aurelius CFO Schiefer Steps Down for Health Reasons
- AVV LN : Aveva’s $5 Billion Deal Is First of Many as Factories Go Digital
- AZN LN : AstraZeneca U.S. Vaccine Trial Starts After Delay, Hospital Says
- BAYN GY : Bayer to Buy Vitamin Company Care/Of at $225 Million Valuation
- BMPS IM : Italy Readies Sale of Monte Dei Paschi Di Siena Stake: Reuters
- BMW GY : BMW Cutting White-Collar Jobs in U.S. Business Amid Sales Slump
- ECONB BB : Econocom to Buy B2B Business of Belgian Apple Reseller Switch
- FNTN GY : Freenet Launches Share Buyback Program for Up To EU100m
- ITMR IM : At-Home Apnea Test Maker Itamar Gains After SLEEP Meeting
- EGL PL : Mota-Engil Signs $335m Contract for Road Project in Angola
- ENGI FP : Suez Board Says Veolia Offer Carries ‘Great Uncertainty’
- EUCAR FP : Hertz Is Said to Weigh Donlen Leasing Business Sale to Pay Debt
- MMB FP : Lagardère Board Rejects Extraordinary General Meeting Request
- MMB FP : Vivendi, Amber Seek Court Backing for Lagardere Holder Meeting
- OCDO LN : Ocado to Deliver Marks & Spencer Food Range Products From Sept.
- PHIA NA : Philips Seeks to Recover Some Costs for U.S. Order: F.A.Z.
- RNO FP : French Aug. New Car Registrations Drop 20%: CCFA
- ROG SW : Roche Gets FDA Approval for HIV-1/HIV-2 Test on Cobas Systems
- SAN FP : Sanofi Says Kevzara Didn’t Meet Main Goal in Covid-19 Study
- SZE FP : Suez Board Says Veolia Offer Carries ‘Great Uncertainty’
- TMV GY : Watch Work-From-Home Winners After Zoom Blows Past Estimates
- TIT IM : Telecom Italia Approves Letter of Intent With CDP on Grid
- TIT IM : Telecom Italia Approves Landmark Sale of Stake in Italy Network
- FP FP : Total, Macquarie to Develop Offshore Wind Power in South Korea
- TUI LN : TUI Flight to Wales Told to Quarantine After Virus Cases Found
- UBI FP : Ubisoft Removes Video Seen as Insensitive to Black Lives Matter
- VIE FP : Suez Board Says Veolia Offer Carries ‘Great Uncertainty’
- VRLA FP : Verallia Says CFO Fontaine to Leave for Another Company
- ZAG AV : Zumtobel First Quarter Profit EU3.1 Mln, -72% Y/y