Stocks in Asia advanced, with Chinese equities outperforming as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. An Asian equity gauge was set for the highest close in two weeks, supported by gains across major indexes in the region. The Hang Seng Index climbed 2% as it extended its increase into a second day. China’s stocks outperformed, with the Hang Seng China Enterprises Index rising 2.3%. US futures steadied following the S&P 500’s first back-to-back advance in August. China’s Finance Minister Liu Kun and Zheng Shanjie, chairman of the National Development and Reform Commission, pledged Monday to strengthen policy support and speed up government spending, according to the official Xinhua News Agency. Still, investors will continue to look for signs of additional support measures from the Chinese government. Most of the gains in the nation’s stocks Monday — fueled by a raft of steps to support the market — dissipated by the end of the session, and foreign funds extended what was set to be a record outflow this month. Japan’s unemployment rate rose for the first time in four months in July, a slightly negative signal for the central bank and the government. Strategists at Goldman Sachs Group Inc. expect the yen to depreciate to levels last seen more than 30 years ago if the Bank of Japan sticks to its dovish stance. Over the next six months, the currency is projected to reach 155 per dollar — the weakest since June 1990, according to strategists led by Kamakshya Trivedi. They had previously expected the yen to trade to 135. The dollar weakened against all of its Group-of-10 counterparts. Treasury yields fell across tenors, with the two-year’s dropping more than five basis points to slightly below 5% The dollar weakened against all of its Group-of-10 counterparts. Treasury yields fell across tenors, with the two-year’s dropping more than five basis points to slightly below 5%. oil traded around $80 per barrel as traders waited for the next set of clues on the outlook for crude demand in the US and China. Gold edged higher. US After Hours Quiet after-hours session; GSHD +8.6% and JXN +7.8% up on index changes; HEI -4.9% down on earnings.
Nikkei +0.18% Hang Seng +2.41% CSI +1.25% Shanghai +1.36% Shenzen +2.78%
Eur$ 1.0824 CNH 7.2903 CNY 7.2861 JPY 146.51 GBP 1.2623 CHF 0.8835 RUB 95.3923 TRY 26.5474 WTI$ 80.02 Gold 1923.43 BTC 26,029 +0.18% ETH 1,649.26 +0.19%
S&P +0.13% Nasdaq +0.24% EuroStoxx +0.32% FTSE +0.94% Dax +0.39% SMI +0.24%
Macro :
- US Hedge Funds Turn Sellers of China ADRs for This Year, MS Says
- Chinese GDRs Give Zurich Edge in Europe’s IPO Market: ECM Watch
- Chinese GDRs Give Zurich Edge in Europe’s IPO Market: ECM Watch
- Italy’s Meloni Asks Ministers to Cut Excessive Spending
- Europe 2023 Car-Sales Estimate Raised to 9% on Robust Deliveries
Keep an eye on : German Mobile Shakeup Fears Look Overstated in 1&1-Vodafone Deal
Keep an eye on : German Mobile Shakeup Fears Look Overstated in 1&1-Vodafone Deal
- 1U1 GY :
- ADJ GY : Adler Group 1H FFO I per Share EU0.060 Vs. EU0.42 Y/y
- ADJ GY : Adler Group to Launch a Cash Tender Offer, Issue EU191M Notes
- BWLPG NO : BW LPG 2Q Ebitda Misses Estimates
- CAST SS : Swedish Landlord Castellum Sells Properties for SEK430m
- CTLT US : Catalent Rises on Report It’s Near a Settlement With Elliott
- DEME BB : DEME Group 1H Turnover Beats Estimates; Names Gaytant as CFO
- DIS US : Walt Disney Visual Effects Workers File for Union Election
- DIS US : Walt Disney Visual Effects Workers File for Union Election
- EVT GY : Evotec SE 1H Revenue Beats Estimates
- GLPG BB : Begins Phase 2 study with selective TYK2 inhibitor, GLPG3667, in patients with active systemic lupus erythematosus
- GAM SW : GAM Reaches Short-Term Financing Deal With Niel Investor Group
- NK FP : Greece’s Mytilineos to Buy Imerys Bauxite, Mononews Says
- INWI SS : Inwido CEO Henrik Hjalmarsson to Leave Company
- KNIN SW : Kuehne+Nagel to Transport Wind Turbine Equipment to Saudi Arabia
- NN NA : NN Group 1H Operating Profit EU1.40B Vs. EU1.12B Y/y
- PMAG AV : Pierer Mobility Sees FY Ebit Margin 8% to 10%
- SHEL LN : Stalling China Growth May Force Deeper Opec+ Cuts to Support Oil
- TE FP : Technip Energies Gets ‘significant’ Hydrogen Contract From BP
- TIT IM : Italy to Approve Deal With KKR to Take Stake in Telecom Grid
- VLA FP : Valneva’s Chikungunya Vaccine NDS Accepted for Review in Canada
- ZURN SW : Zurich Airport 1H Ebitda Beats Estimates