Asian shares struggled for direction Tuesday ahead of key earnings from megacap companies this week as investors look for signs of resilience amid tariff risks. The MSCI Asian stock gauge dropped 0.3% after rising as much as 0.4%. Japanese shares reversed earlier gains to trade 0.4% lower amid lingering political concerns. Stocks had jumped as much as 1.1% Tuesday as Prime Minister Shigeru Ishiba said he would carry on as leader even after the ruling coalition lost its majority in the upper house election. The yen edged lower amid worries about higher fiscal spending. Treasuries rose marginally, with yields on the 10-year dipping for a fifth consecutive day to 4.37%. Oil extended its losses.
Stocks have surged from their slump in April as fund managers lean harder into the rally in risk assets with US stocks pushing to fresh highs, defying persistent trade and geopolitical tensions. The high-octane wager is that while President Donald Trump is threatening to disrupt the economic order anew, he will step back from the brink. That rally faces a key test this week as companies such as Tesla Inc. and Alphabet Inc. report earnings. Investors also kept a close eye on tariff headlines Monday. Trump may issue more unilateral tariff letters before Aug. 1, White House Press Secretary Karoline Leavitt said. More trade deals may also be reached before the deadline, she added. Meanwhile, Philippine President Ferdinand Marcos Jr. will be the latest foreign leader eager to make a deal before the US-imposed Aug. 1 tariff deadline when he visits Trump in the Oval Office later Tuesday. A team of US officials will visit India in the second half of August to hold talks on a bilateral trade deal between the two nations, the Financial Express reported Tuesday. Sean Darby of Mizuho Securities says President Trump’s tax and spending bill “encouraged front-loading of investment, particularly into data centers and also into tech equipment.” Market participants are focused on the performance of Japanese markets as investors weigh policy uncertainty after the ruling Liberal Democratic Party’s historic loss in Sunday’s elections. Japanese government bonds are vulnerable to further selling following the elections, although the immediate reaction Tuesday was damped by a rally in global debt markets. The nation’s 10- and 20-year bonds fell slightly. In the US, the second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate profits. Yet after hitting a series of all-time highs, the S&P 500 is trading around 22 times expected 12-month profits. The S&P 500 hasn’t posted a 1% up or down day since late June. Separately, US Treasury Secretary Scott Bessent weighed in on Fed Chair Jerome Powell saying there should be a review of the decision to renovate parts of the central bank’s headquarters in Washington. US after Hours MEDP +48.9%, CALX +4.2%, WTFC +2.8% higher on earnings; AGYS -10.6%, NXPI -5.4%, STLD -1.7% lower on earnings47
Nikkei -0.29% Hang Seng +0.26% CSI +0.59% Shanghai +0.25% Shenzen +0.31%
Eur$ 1.1690 CNH 7.1736 CNY 7.1723 JPY 147.63 GBP 1.3476 CHF 0.7978 RUB 78.2122 TRY 40.4099 WTI$ 66.51 -1.03% Gold 3,389 -0.25% BTC 117,200 +0.18% ETH 3,693 -1.73%
S&P -0.05% Nasdaq -0.11% EuroStoxx -0.45% FTSE -0.23% Dax -0.42% SMI -0.38%
Macro :
- Trump Targeting Trade Loopholes Risks 70% of China Exports to US
- Oil Extends Loss as Trade Negotiations Intensify Before Deadline
- Fund Giants Put Faith in ‘Trump Put’ to Keep Stock Rally Rolling
- Citadel Securities Asks SEC to Tread Cautiously on Tokenization
- Citadel Securities Asks SEC to Tread Cautiously on Tokenization
- CTAs to Be Buyers in Every Scenario This Week: Equity Insight
- Zelenskiy: Meeting With Russia in Turkey Planned for Wednesday
- Germany’s Merz Criticizes Plan to Make Car-Rental Firms Buy EVs
- TRUMP TAX LAW WILL ADD $3.4T TO DEFICITS OVER DECADE, CBO SAYS
- Asia Hedge Fund New Silk Road Shuts After US Investor Pullback
Keep an eye on :
Keep an eye on :
- AKZA NA : AkzoNobel Cuts Profit Forecast as Uncertainty Dents Paint Sales
- ALFA SS : Alfa Laval 2Q Adjusted Ebita Beats Estimates
- ALLFG NA : Goldman, Northern Trust Held Talks Earlier This Year: Semafor
- ALLFG NA : Astorg-Backed Fund Services Business IQ-EQ Buys Gordian Capital
- ALSN SW : Also 1H Ebitda Misses Estimates
- AVIO IM : Avio Signs Orders Worth €60 Million With MBDA in France
- BBVA SM : BBVA to Start Acceptance Period for Sabadell Bid in September
- BOSN SW : Bossard 1H Ebit Meets Estimates
- BP/ LN : Elliott Calls on BP’s New Chairman to Urgently Fix Shortcomings
- BPT LN : Bridgepoint Said to Sell Vermaat to Compass in €1.5 Billion Deal
- 1211 HK : BYD : BYD executive labels UK EV subsidies ‘stupid’ as Chinese carmaker expands in Europe +2.20%
- CAN LN : Sky Network TV to Buy New Zealand’s TV3 From Warner Discovery
- 3750 HK : CATL : CATL Shares Jump on Report of EU’s Plan to Boost EV Usage +2.80%
- CU FP : Club Med Names Carrefour Brazil Executive Director Maquaire CEO
- CU FP : Club Med Names Carrefour Brazil Executive Director Maquaire CEO
- CBK GY : *UNICREDIT MAY INCREASE ITS STAKE IN COMMERZBANK TO 28%: MF
- CPG LN : Bridgepoint Said to Sell Vermaat to Compass in €1.5 Billion Deal
- DAE SW : Daetwyler 1H Net Revenue Meets Estimates
- DKG GY : Deutsche Konsum Sees Non-Cash Impairment Requirement of €41m
- EPROB SS : Electrolux Professional 2Q Net Sales Meet Estimates
- FARM US : Farmer Brothers Coffee Jumps on Plan to Explore Options
- FIS US :FIS, Global Payments Deal Clears HSR Waiting Period
- GIVN SW : Givaudan 1H Ebitda Meets Estimates
- GRAB US : *GRAB HOLDINGS RISES MORE THAN 7% IN US POSTMARKET TRADING
- H&F Verisure IPO : H&F’s Verisure Said to Target €3 Billion-Plus IPO in Stockholm
- INLOT GA : Banks Prep €1.6 Billion Debt for Intralot’s US Casino Purchase
- ITP FP : Longchamp, Interparfums Sign Fragrance License Agreement
- JOBY US : Joby Seeking Final Phase Testing for Five Air Taxis in 2026
- JPM US : JPMorgan Explores Lending Against Clients’ Cryptocurrency: FT
- BAER SW : Julius Baer 1H Net New Money Gain Beats Estimates
- KESKOB FH : Kesko 2Q Adjusted Ebit Misses Estimates
- LA Times IPO : LA Times Billionaire Owner Plans to Take Newspaper Public
- LISN SW : Lindt & Spruengli Boosts FY Organic Sales Forecast
- LSEG LN : LSE to Use LG AI to Produce Analysis, Reports for Investors
- MTRO LN : Metro Bank co-founder raises funds for new lender to family offices
- MSTR US : Strategy Plans Preferred Stock IPO to Buy Bitcoin
- NIQ IPO : NIQ’s $1.2 Billion IPO to Test Investor Desire for PE-Firm Exits
- NHY NO : Norsk Hydro 2Q Adjusted Ebitda Beats Estimates
- NOS PL : NOS 2Q Net Income Beats Estimates
- NVDA US : Nvidia Chip Challenger FuriosaAI Scores First Major Customer LG
- NXPI US : NXP Semi Sees 3Q Revenue $3.05B to $3.25B, Est. $3.07B
- ORA FP : Orange Offers €4B to Buy 50% of Spain’s MasOrange: Confidencial
- ORCL US : Oracle in Talks for $100 Million Skydance-Paramount Cloud Deal
- SAMH WA : KKR to Buy Korean Cosmetics Packaging Firm for 800b Won: Maeil
- SAN FP : Sanofi to Buy Vicebio for Total Upfront Payment of $1.15B (Not Listed - molecular clamp technology and vaccines to target respiratory viral infectious diseases)
- DIM FP : Sartorius Stedim 1H Revenue Meets Estimates
- SRT GY : Sartorius 1H Adjusted Ebitda Beats Estimates
- S US : SentinelOne Retreats After Palo Alto Says ‘No Truth’ To Purchase
- SINCH SS : Sinch 2Q Net Sales Miss Estimates
- 9984 JP : SoftBank and Open AI's $500 Billion AI Project Struggles to Get Off Ground -- WSJ
- S92 GY : SMA Solar Prelim 1H Sales EU684.9M
- SF SS : Stillfront 2Q Ebit Misses Estimates
- TIT IM : Telecom Italia May Name Peluso CFO to Replace Calaza: Sole
- TENNET : Germany to Weigh Energy Needs Before TenneT Investment Decision
- TSLA US : Xiaomi EV Sales Could Surpass Tesla; China REIT Market
- TIETO FH : TietoEVRY 2Q Adjusted Operating Profit Misses Estimates
- UMG NA : Universal Music Group Files Confidentially for US Listing
- UCG IM : *UNICREDIT MAY INCREASE ITS STAKE IN COMMERZBANK TO 28%: MF
- VK FP : Vallourec, Vinci Immobilier in Deal for Déville-Lès-Rouen Site
- VAR NO : Var Energi 2Q Ebit Beats Estimates
- DG FP : Vinci Wins Construction Contracts in Australia Worth €431m
- DG FP : Vallourec, Vinci Immobilier in Deal for Déville-Lès-Rouen Site
- WHA NA : Wereldhave 1H EPS EU0.91
- 1810 HK : XIAOMi : Xiaomi EV Sales Could Surpass Tesla; China REIT Market +0.00%