The dollar extended a decline against major peers on comments from U.S. President Donald Trump, and Asian stocks traded mixed after muted gains in U.S. equities.
The greenback accelerated a slide after the euro broke through the key $1.15 level amid thin summer liquidity. It had weakened earlier after a report from Reuters that Trump said China and Europe manipulate their currencies as well as separate remarks lamenting the Federal Reserve’s interest-rate increases. Treasuries gave back some of Monday’s gains ahead of a meeting of central bankers later this week.
Equities drifted in Japan after they pared declines as the yen trimmed gains. Australia’s shares had the biggest decline in the region after the benchmark touched a 10 1/2 year high Monday. The Shanghai Composite Index continued Monday’s rebound when state-backed funds were seen buying stocks to stabilize the market. Earlier, the S&P 500 Index advanced for a third day to close within 15 points of a record.
US After Hours FN +7%, NDSN -8% following earnings/guidance
Nikkei +0.19% Hang Seng +0.49% CSI +1.74% Shanghai +1.26% Shenzen +1.27%
Eur$ 1.1530 CNH 6.8323 CNY 6.8419 JPY 110.05 GBP 1.2837 CHF 0.9885 TRY 6.0921 RUB 66.9345 WTI$ 66.74 +0.47%
S&P +0.03% EuroStoxx -0.21% Dax -0.10% FTSE -0.33% SMI -0.43%
Macro :
- Turkish Lira Leads Global Losses on Downgrades, Sanction Concern
- Trump Says China, Europe Manipulating Currencies: Reuters - https://reut.rs/2nVh24W
- Automotive Cycle Showing Signs of Beginning to Unwind: Berenberg
Keep an eye on :
- ABI BB : AB InBev Brazilian Holders Buy EU88.1M of Brewer’s Stock: FSMA
- AF FP : Air France Pilot Union Asks New CEO To Help French Airline Grow
- AMBEA SS : Ambea Second Quarter Operating Profit 2.2% Above Estimates
- ASML NA : Zeiss, ASML Win First Round in Nikon Cameras Fight at ITC
- ATL IM : Transport officials were warned over Genoa bridge 6 months ago, Italian government knew of structure’s weaknesses before collapse but did nothing to limit traffic - FT - https://on.ft.com/2MnWLU5
- BAKKA NO : Bakkafrost Cuts Full Year Harvest Forecast
- BAYN GY : Bayer Now At ‘Extreme Discount,’ Berenberg Upgrades to Buy
- ACA FP : ECB Supervision: ECB Sanctions Credit Agricole
- CSGN SW : Credit Suisse Is Said to Be 1st Bank to Sell Sofr-Tied Debt: FT
- DIA SM : DIA Short Interest Climbs to 20.85% From 18.69% Aug. 3
- DUFN SW : Dufry to End Brazil Stock Listing Because of Poor Liquidity
- GKTX FP : Genkyotex Gets up to €7.5M Financing to Develope Gkt831
- HUBN SW : Huber + Suhner First Half Ebit Beats Estimates
- IMPN SW : Implenia First Half Sales Beat Estimates
- IWG LN : IWG to Start Private Club in Battersea Power Station, FT Says
- KOMN SW : Komax First Half Revenue Beats Estimates
- MONT BB : Montea Revises Full Year Operating Margin Forecast
- PGN GY : Paragon Raises 2018 Revenue Forecast, Lowers Margin Target
- PRS NO : Prosafe Gets Safe Boreas Contract Extension Valued at $6M
- RDSA NA : Shell Pernis Plant Stopped Amid Short-Term Failure: DCMR
- SFZN SW : Siegfried First Half Sales Meet Estimates
- SKY LN : Sky Independent Panel Advises Holders No Action on Fox Offer
- STAN LN : Actis Buys StanChart’s Asia Principal Finance Real Estate Ops
- FP FP : Total Is Said Struggling to Exit Iran Natural Gas Project: WSJ