Asian stocks pared gains on Tuesday as caution returned to the region after gold came off its day’s high and the dollar narrowed losses after falling to a 22-month low.
Shares had begun the day on the front foot on expectations the Federal Reserve will reinforce its dovish message this week and as U.S. stimulus talks got underway. Japanese shares were little changed, with stocks in Hong Kong and China logging modest gains. S&P 500 futures edged up after the benchmark erased last week’s drop Monday, with a rebound in technology stocks overshadowing a slide in banks. Senate Republicans presented a $1 trillion stimulus package amid a renewed increase in Covid-19 cases around the world. Treasuries dipped.
US After House AMKR +14.4%, MEDP +13.2% up big on earnings; SPPI +69.4% jumps on clinical data
Nikkei -0.08% Hang Seng +0.32% CSI +0.65% Shanghai +0.58% Shenzen +1.07%
Eur$ 1.1726 CNH 7.0067 CNY 7.0041 JPY 105.62 GBP 1.2848 CHF 0.9223 RUB 71.6010 WTI$ 41.50 -0.24%
S&P +0.02% Nasdaq +0.18% EuroStoxx +0.10% FTSE +0.28% Dax +0.27% SMI +0.13%
Macro :
- Hedge Fund Fees in Free Fall Is New Reality For Humbled Industry
- GOP Rolls Out $1 Trillion Stimulus to Start Talks With Democrats
- IMF Bailout May Be Half What Lebanon Sought When Aid Talks Began
Keep an eye on :
- 4BSB GY : Sparta Offers to Buy 4basebio at Expected Price of EU2/Share
- ADP FP : Aeroports de Paris First Half Ebitda Beats Estimates
- ABIO FP : Albioma First Half Revenue EU250.7 Mln
- ARCAD NA : Arcadis Second Quarter Organic Revenue -3% Vs. +2% Y/y
- ATC NA : Altice, Mediapro Sign Two Agreements on Soccer Broadcast Rights
- AUTN SW : Autoneum First Half Ebit Loss Narrower Than Estimates
- BAC US : Berkshire Bought 16.4 Million More Bank of America Shares
- BKIA SM : Bankia Books EU185m Covid-19 Provision in 2Q
- BG AW : Bawag Second Quarter Pretax Profit Misses Estimates
- BESI NA : BE Semiconductor Second Quarter Gross Margin Beats Estimates
- CHR DC ; Chr. Hansen Completes UAS Labs Acquisition, Keeps Outlook
- DHER GY : Delivery Hero Raises Guidance Following Growth During Covid-19
- DEQ GY : Deutsche Euroshop Leads Mall Owners Lower Amid Virus Spikes
- EDP PL : EDP, Galp to Assess Feasibility of Sines Green Hydrogen Project
- ELE SM : Endesa First Half Net Income Misses Estimates
- ENG SM : Enagas First Half Net Income EU236.3 Mln
- FORN SW : Forbo First Half Ebit Misses Estimates
- FPE GY : Fuchs Petrolub Sees FY Drop in Earnings in Range of 25% in 2020
- IAG LN : IAG, Air Europa Near New Deal, Price Cut By About 50%: Cinco
- NK FP : Imerys 1H Net Income Falls 41% to EU56.6m
- INGA NA : ING to Book About EU300M as Impairment in 2Q Results
- ISP IM : Italy’s Market Regulator Extends Intesa’s Bid on UBI to July 30
- MC FP : LVMH 2Q Fashion & Leather Goods Organic Sales Beat Est.
- MAS SM : Masmovil First Half Adjusted Ebitda EU277 Mln, +28% Y/y
- MERY FP : Mercialys First Half FFO EU63 Mln
- ML FP : Michelin Reports 1H Operating Profit at High End of Estimates
- MONC IM : Moncler First Half Revenue 2.3% Below Estimates
- MONC IM : Moncler’s 1H Was Tough But Year-End Will Be Crucial: Analysts
- UG FP : Peugeot Maker PSA Sticks to Financial Outlook Despite Virus Drag
- RNO FP : Nissan Is Said to Skip Annual Dividend, Seeks to Conserve Cash
- RHM GY : Rheinmetall Mulls Options for Auto Unit, Citing Gloomy Outlook
- RXL FP : Rexel Says Visibility Low in 2H, 2021; Still Withholds Guidance
- SIGN SW : SIG Combibloc Cuts Full Year Core Sales Forecast
- SNH GY : Steinhoff Class-Action Suit Dropped as VEB Supports Settlement
- STM FP : STMicroelectronics to Sell $1.5B of Convertibles in Two Tranches
- TALK LN : TalkTalk Rejected 135p/Shr Bid From Toscafund Last Year: Sky
- TIT IM : Italy Studying Plan to Create Single Broadband Network: Reuters
- TSLA US : South Korea Launches Probe on Tesla Software: SBS-CNBC
- TIF US : LVMH Will Respect Contract Signed With Tiffany, CFO Tells Figaro
- UBI IM : UBI Investors Tendered 43.5% Shares in Intesa Bid
- UBI IM : Intesa’s Offer on UBI Extended to July 30: Consob
- VOW3 GY : Volkswagen, Porsche Repay $9.5b Following Settlement With FTC
- VONN SW : Vontobel First Half Total Client Assets CHF280.2 Bln, -2.8% H/H
- WDI GY : Visa, Mastercard Fined Wirecard for Dubious Transactions