S&P futures push 0.7% higher after Asian equities recoup opening losses; Japanese and Australian stocks turn positive, Kospi near flat. Hang Seng slips 0.3% following new details of China security law; gold hits one-month high up 0.5%. The dollar gives back early gains against most FX majors; Aussie swings 0.4% higher after gapping lower as state of Victoria tightens emergency restrictions. Cable climbs near 1.2380 following report of emergency VAT cut plan; euro is 0.2% firmer. Sovereign yields drift sideways in muted trading; T-notes hover near 0.69%, Australian curve little changed. Shanghai Composite ekes out 0.3% gain, H shares 0.7% lower. Offshore yuan steady after China keeps loan prime rates unchanged. August WTI futures near $39.80.
Nikkei -0.06% Hang Seng -0.53% CSI +0.43% Shanghai +0.29% Shenzen +0.60%
Eur$ 1.1201 CNH 7.0715 CNY 7.07723 JPY 106.92 GBP 1.2391 CHF 0.9508 WTI$ 39.70 -0.13%
S&P +0.14% Nasdaq +0.27% EuroStoxx -1.51% FTSE -0.84% Dax -1.61% SMI -0.81%
Macro :
- JPMorgan Says Investors Should Get More Selective in Second Half
- German Economy Should Have Worst Behind It, Weidmann Tells FAZ
- A ‘Buy Everything’ Rally Beckons in World of Yield Curve Control
- ECB Looks to Defuse German Legal Timebomb Threatening Stimulus
- Conte Says Italy Will Probably Seek to Widen Budget Shortfall
Keep an eye on :
- AIR FP : Airbus Targets Voluntary Job Cuts Before Any Wider Staff Layoffs
- AMS SW : AMS Launches Offering of EU1b Equivalent Senior Notes
- MT NA : ArcelorMittal Weighs Sale of Canada Infrastructure Assets: FT
- BBVA SM : BBVA Signals Possible Improvement in Costs in Call With Analysts
- CPR IM : Lagfin to Purchase 30M Campari Withdrawn Shares
- COB LN : Cobham’s Owner Advent Selling Axell Unit to Rcapital: Sky News
- CDR SM : Codere Secures up to 150M Credit Line to Pay Debt: Confidencial
- GSK LN : FDA: GSK Recalls Two Lots of Children’s Robitussin
- GLEN LN : Swiss Bribery Probe Adds Another Legal Headache for Glencore
- BELI FP : Guangdong Wencan Plans to Buy 61.96% Stake in Le Belier
- MNZS LN : John Menzies Sees Earnings Ahead of Expectations
- MMB FP : Capton, Niel, Pigasse to Buy Rest of Mediawan, Lagardere Studios
- LHA GY : Lufthansa CEO Says Bailout May Not Pass on Lack of Support
- LHA GY : Lufthansa Braces for Portentous Week With Future on the Line
- MRL SM : Merlin Properties to Distribute EU68.5M in Gross Dividends
- NESN SW : Nestle Plans to Expand Swiss Nespresso Plants, CEO Tells SamW
- NESN SW : Dreyer’s Says to Change Name of Eskimo Pie: Rolling Stone
- NOVN SW : Novartis Discontinues Hydroxychloroquine Clinical Trial
- PRY IM : Carlisle Ends Draka Feleca Deal Due to Regulatory Approval Delay
- RNO FP : Renault Hasn’t Drawn From EU5 Billion Credit Facility: Delbos
- TSLA US : Musk Says Tesla Delayed Shareholder Meeting to Sept. 15
- FP FP : Total Said to Weigh Sale of Cray Valley Chemical-Additives Unit
- WDI GY : DWS to File Lawsuit Against Wirecard and ex-CEO Braun: Spokesman
- WDI GY : Wirecard Cut to Junk by Moody’s; May Be Cut Further
- WDI GY : Wirecard Says it Has Hired Houlihan Lokey for Financing Strategy,
- WDI GY : No Missing Wirecard Funds Entered Philippines, Central Bank Says
- WDI GY : Wirecard Says Missing $2.1 Billion Probably Doesn’t Exist
- WDI GY : New Wirecard CEO Has Few Days to Calm Nervous Investors