Asian stocks advanced on optimism that the U.S. and China will declare another truce in their trade war at a presidential meeting on Saturday. The yen extended losses after the biggest drop since April.
Equity benchmarks in Tokyo, Seoul and Hong Kong saw gains of almost 1%, and U.S. stock futures also climbed after reports that the current plan is for the U.S. to hold fire on hiking tariffs on another swathe of Chinese imports. Ten-year Treasury yields edged up after rising on Wednesday, while crude oil gave up a slice of its recent jump. Gold prices remain lower after giving up some of its surge since mid-June. The yuan edged up offshore.
- US After Hours MLHR +13%, KBH +4.4%, RAD -11%, FUL -6% among earnings/guidance movers
Nikkei +0.91% Hang Seng +1.02% CSI +1.12% Shanghai +0.78% Shenzen +1.21%
Eur$ 1.1350 CNH 6.8799 CNY 6.8780 JPY 108.07 GBP 1.2682 CHF 0.9810 RUB 63.1205 TRY 5.7742 WTI$ 59.17 -0.35%
S&P +0.34% EuroStoxx +0.35% FTSE +0.15% Dax +0.45%
Macro :
- Gordon Ramsay Signs U.S. Joint Venture With Lion Capital: Times
- Democrats Slam Corporate Power With Vow of Antitrust Crackdown
- Goldman Joins JPMorgan in Slashing U.S. Yield Forecast to 1.75%
- H2O Plans to Ditch Hard-to-Sell Bonds That Sparked Client Exodus
- Honda to Recall More Than 490,000 Cars Over Takata Airbags
Keep an eye on :
- AB FP : AB Science Says 1 Dose in Alzheimer’s Drug Study Met Threshold
- MT NA : Arcelor May Close Italy Plant on Legal Concern: Repubblica
- ATL IM : Italy’s League Opposes Revoking Atlantia Concession: Rtrs
- BALN SW : Baloise Buys Stake in AI Start-Up Brainalyzed
- BAYN GY : Elliott Discloses €1.1b Bayer Stake, Sees Shares Undervalued
- BAYN GY : Elliott Urges Bayer to Settle Roundup Suits and Reap Rewards
- ALCRB FP : L’Oreal Takes Minority Stake in Carbios
- CO FP : Casino Reviewing Plan To Simply Structure In Latin America
- CO FP : France’s AMF Finds Fault With Casino Fin Communication: Echos
- CHR DC : Chr. Hansen Cuts FY Organic Revenue Forecast; 3Q Ebit Misses
- DBK GY : Deutsche Bank Creates Team to Raise Funds for Unlisted Cos.: FN
- DBK GY : Deutsche Bank Soon to Agree Retail Job Cuts With Labor Reps: HB
- ENGI FP : French Gas Tariffs to Drop 6.8% in July: Energy Regulator
- EUROB GA : Eurobank, Bravo in Talks for Sale 20% of Notes in Project Cairo
- G IM : Generali, Catalana in Lead for Tranquilidade Control: Rtrs
- GYC GY : Grand City Properties Announces Dividend of EU0.7735 a Share
- HEXAB SS : Hexagon: CEO Rollen Acquitted From All Charges for Second Time
- IAG LN : IAG to Name Luis Gallego as Head of Low-Cost Unit Level: Cinco
- IFX GY : Infineon Eyes Over $1b of Revenue in South Korea: Handelsblatt
- IMPN SW : Implenia Sells Kim Inno-Living Property Project to Swiss Life
- IMA IM : IMA Signed EU180m Loan With Banks Including UniCredit
- KDEV SS : Karolinska Reports Final Terms of Directed Share Issue
- NOKIA FH : Nokia Wins 5G Order With Zain Saudi Arabia, Now Has 43 Contracts
- RNO FP : Macron Says ‘Nothing Justifies’ Changing Renault-Nissan Stakes
- RNO FP : *NISSAN: RECALL RELATES TO CIRCUITRY, MAY BE RISK OF FIRE
- SAN FP : Sanofi: FDA to Review Menquadfi; Decision Expected In April 2020
- F3C GY : SFC Energy Resolves Capital Boost in Amount of EU27M
- NWRN SW : Swiss Newron Lists Shares in Germany, Citing EU Bourse Dispute
- RBI AV : Raiffeisen Seeks to Cut 50 Out of 600 IT Jobs in Vienna HQ (1)
- SREN SW : Swiss Re’s ReAssure Sets IPO Price Range at 280p to 330p/Shr
- SREN SW : Swiss Re Names Higginbotham CEO Reinsurance Asia; Plunkett Quit
- TEF SM : Norges Bank Announces 3% Stake in Telefonica
- TKA GY : Platow Brief report that Kone was preparing a bid for Thyssenkrupp’s elevator business; Barclays says sale of Thyssenkrupp’s elevator unit increasingly likely, too much strategic value in elevator consolidation for management’s announced single-track IPO plan to be
- TBCG L N : TBC Bank Prices $125M Additional Tier 1 Notes
- TLG GY : TLG Immobilien Offering Prices 8.5m Shares at EU26.13/Share
- TRN LN : Trainline CEO Sold About 4.6m Shares at 350p Each
- \VO|D LN : Vodafone-Liberty Global Deal Said to Get Conditional EU Nod
- VWS DC : Vestas Has Never Been More Back-End Loaded, CFO Tells Borsen
- VLTSA FP : Voltalia Signs 25-Year Power Purchase Deal With France's SNCF
- VOw3 GY : VW Board Is Said to Put Ford Alliance on Agenda for July Meeting
- ZAG AV : Zumtobel Full Year Revenue Meets Estimates, Zumtobel Sees Higher Revenue, Improved Margin as Costs Fall