Asian equities edged higher in relatively muted trade after China and the US agreed to extend their tariff truce. The South Korean won led gains in Asian currencies. The MSCI regional stock gauge rose 0.4%, led by technology shares. The dollar fell against all its Group-of-10 peers, with the Federal Reserve widely expected to leave interest rates unchanged Wednesday. The won rose as much as 0.8% after a report the US demanded gains in the currency during trade talks. President Donald Trump is set to make the final call on maintaining the tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between the world’s two biggest economies. Shares in Shanghai rose 0.5% while those in Hong Kong declined 0.4%. Much like the muted response to the US-EU tariff deal, the latest signs of progress with Beijing produced only a modest gain in stocks and did little to buoy investor sentiment. Traders are also focused on several key catalysts on the horizon, such as the Fed decision and Friday’s US jobs report. Adding to the busy calendar, four tech giants are set to report earnings over a two-day stretch. The Stockholm negotiations marked the third round of US-China trade talks in less than three months. They wrapped up ahead of an Aug. 12 deadline to resolve differences during a 90-day suspension of tariffs that had threatened to cut off bilateral trade between the two nations. The discussions showed a “willingness to reach an agreement,” said Jun Bei Liu, founder of Ten Cap Investment. Markets have been ‘incredibly strong, we are just seeing some consolidation,” she said. Meanwhile, Trump said that India may be hit with a tariff rate of 20% to 25% but cautioned the final levy had still not been finalized as the two countries negotiate on a trade deal ahead of an Aug. 1 deadline. The Indian rupee fell to a four-month low while stocks edged up 0.2%. The won jumped after the Korea Economic Daily said the issue of foreign exchange will be on the table again when Finance Minister Koo Yun-cheol holds final trade talks with US Treasury Secretary Scott Bessent on Thursday. The newspaper didn’t identify where the information came from. US officials and policy advisers, including the White House’s chief economist Stephen Miran, have rejected the notion that a secret currency accord to weaken the dollar is in the works as part of trade negotiations around the world. Elsewhere, the US West Coast and countries in the Pacific braced for tsunamis in the wake of a powerful earthquake in Russia’s Far East, although the initial waves to hit Japan were small. The yen gained 0.2% against the dollar after a tsunami warning for areas including the Tokyo Bay. In a rare occurrence, US policymakers will convene in the same week that the government issues reports on gross domestic product, employment and the Fed’s preferred price metrics. Fed Chair Jerome Powell could face dissent from one or more colleagues arguing it’s time for the central bank to provide more support to a slowing labor market. In commodities, oil held its biggest gain in six weeks after Trump reiterated that further levies on Russia remained on the table. US After Hours QRVO +9%, SBUX +3.8%, TER +3.8% higher on earnings; STX -5.9%, V -2.4%, BKNG -1.7% lower on earnings.
Nikkei -0.13% Hang Seng -0.67% CSI +0.38% Shanghai +0.43% Shenzen -0.51%
Eur$ 1.1556 CNH 7.1793 CNY 7.1752 JPY 147.92 GBP 1.3349 CHF 0.8052 RUB 81.2501 TRY 40.5737 WTI$ 69.26 +0.07% Gold 3,330 +0.11% BTC 118,000 +0.40% ETH 3,808 +1.17%
S&P +0.14% Nasdaq +0.22% EuroStoxx +0.15% FTSE +0.03% Dax +0.25% SMI +0.18%
Macro :
- Ex-Millennium Trader Barclay Launches Energy-Focused Hedge Fundar
- Jane Street Seeks Six Weeks for India Response, May Get Fewer
Keep an eye on :
Keep an eye on :
- ADS GY : Adidas 2Q Operating Profit Beats Estimates
- AEANA SM : Aena 1Q Net Income Meets Estimates, Aena Sets 2026 Annual Applicable Rev. of Up to €11.03/Passenger
- AED BB : Aedifica 1H EPRA EPS Beats Estimates
- Ambiq IPO : Ambiq IPO Prices at $24 Per Share, Near Top of Range
- AMP IM : Amplifon Sees FY Adj. Ebitda Margin 23%, Saw at Least 24%
- AAPL US : Apple Loses Another AI Researcher to Meta in Latest Upheaval
- AML LN : Aston Martin 2Q Revenue Misses Estimates
- AZN LN : Astra CEO Breaks With Peers on Aligning Drug Prices Globally
- AG1 GY : AUTO1 Boosts FY Gross Profit Forecast, Beats Estimates
- AUTN SW : Autoneum 1H Ebit Misses Estimates
- BFSA GY : Befesa Sees FY EPS Above EU2.00, Est. EU2.12
- BUCN SW :Bucher 1H Ebit Beats Estimates
- CABK SM : CaixaBank Sees FY ROTE Above +16%, Saw About +16%
- CAP FP : Capgemini Narrows FY Revenue in Constant Currency Forecast, Capgemini Starts Share Buyback Program of €2B
- COR PL : Corticeira Amorim 1H Net Income EU36.8M
- CTT PL : Portugal Postal Operator CTT Buys Logistics Company Decopharma
- BN FP : Danone 1H Recurring Operating Income Meets Estimates
- DBV FP : DBV Tech 2Q Revenue Beats Estimates
- EDPR PL : EDP Renovaveis 1H Net Income Misses Estimates
- EQT SS : EQT to Launch Tender Offer for Fujitec at 5,700 Yen/Share
- EQNR NO : Trump Mounts New Attack on Wind Projects on Federal Land, Waters
- EAPI FP : EuroAPI 1H Revenue Misses Estimates
- EVT GY : Evotec Plans to Sell Just Business to Sandoz for ~$300M in Cash
- GF SW : Georg Fischer Divests GF Casting Solutions Automotive Business
- GLEN LN : Glencore 1H Own-Source Copper Production Misses Estimates
- GRF SM : Grifols 1H Net Income Beats Estimates
- GTT FP : GTT 1H Ebitda Beats Estimates
- HACK SS : Hacksaw 2Q Adj. Ebit Increased 45% to €37.1m
- HAVAS NA : Havas NV Maintains FY Adjusted Ebit Margin Forecast
- RMS FP : Hermes 2Q Sales at Constant Exchange Rates Beat Estimates
- HSBA LN : HSBC Profit Squeezed by Costs, Higher Impairment Charges
- HUBN SW : Huber+Suhner Sees Substantial Sales on Recent POLATIS Order Wins
- ICE US : NYSE Owner ICE Is Said in Talks for $6 Billion Enverus Deal
- IDIA SW : Idorsia 2Q Revenue Beats Estimates, Idorsia 2Q Operating Loss CHF3M (1)
- IMCD NA : IMCD 1H Revenue Misses Estimates
- NK FP : Imerys 2Q Adjusted Ebitda Misses Estimates, Imerys Raises Cost of French Lithium Project to €1.8 Billion
- IFCN SW : Inficon Cuts FY Operating Margin Forecast
- INW IM : INWIT 2Q Ebitda Meets Estimates
- IVG IM : Tata Motors set to acquire Italian truck maker Iveco
- IVG IM : Tata Motors set to acquire Italian truck maker Iveco
- JDEP NA : JDE Peet's 1H Revenue Beats Estimates
- TKWY NA : Just Eat Takeaway Forecasts FY Results
- KER FP : Kering 2Q Gucci Revenue on a Comparable Basis Beats Estimates
- KGX GY : Kion 2Q Adjusted Ebit Misses Estimates
- KRN GY : Krones 2Q Ebitda Misses Estimates
- LI US : Li Auto Slumps as i8 Model Launch Seen ‘Overdone’: Street Wrap
- OR FP : L’Oreal Sales Disappoint on Slowdown in Europe, North Asia
- MC FP : LVMH Boss Arnault Defends EU-US Trade Deal as ‘Good Agreement’
- MB IM : Mediobanca Mulls No Lock-up for Banca Generali Bid: Repubblica
- MELE BB : Melexis FY Revenue Forecast Beats Estimates
- MBG GY : Mercedes Sees FY Cars Adj. ROS 4% to 6%, Est. 5.13%
- MDLZ US : Mondelez 2Q Adjusted EPS Beats Estimates
- NEX FP : Nexans Boosts FY Adjusted Ebitda Forecast, Beats Estimates
- NFE US : New Fortress Falls on Report It Was Blocked From San Juan Docks
- NB2 GY : Abu Dhabi’s G42 Close to AI Compute Deal With Northern Data
- P911 GY : Porsche Cuts FY Operating Return on Sales Forecast
- RBI AV : Raiffeisen Improves FY Risk-Cost Target, 2Q Fees Beat Est. (1)
- REC IM : Recordati 1H Revenue Matches Estimates
- RED SM : Redeia 2Q Ebitda EU315.8M Vs. EU312.1M Y/y
- RNO FP : Renault set to name procurement head François Provost as chief
- Revolut : Revolut Weighs Buying US Bank to Get License: FT
- SANOMA FH : Sanoma 2Q Ebit Beats Estimates
- SAN SM :Santander 2Q Net Income Meets Estimates
- SCYR SM : Sacyr 1H Ebit Beats Estimates
- SGO FP : Saint-Gobain Buys Three Building Chemicals Businesses, No Terms
- SGO FP : Saint-Gobain Buys Interstar Materials
- SAN FP : Sanofi SAR446523 Gets Orphan Drug Designation in US
- SU FP : *SCHNEIDER ELECTRIC TO BUY REMAINING INDIA JV STAKE FOR €5.5B
- SHL GY : Siemens Healthineers Narrows FY Adjusted EPS Forecast
- SMCP FP : SMCP 2Q Organic Sales +3.3%
- SOLB BB : Solvay 2Q Underlying Ebitda Matches Estimates
- SBUX US : Starbucks 3Q Adjusted EPS Misses Estimates: Snapshot
- SY1 GY : Symrise Boosts FY Ebitda Margin Forecast
- TLGO SM : Spanish State-Holding Firm Gets Permission to Buy Talgo Stake
- TTKT FP :Tarkett 1H Adjusted Ebitda EU154.9M Vs. EU148.2M Y/y
- TEF SM : Telefonica 2Q Revenue Matches Estimates
- TSLA US : Tesla, LG Energy Solution in $4.3b Battery Supply Deal: Reuters
- TSLA US : Musk Says Discussed Samsung, Tesla Deal With Samsung Leadership
- UBSG SW : UBS Second Quarter Profit Beats Estimates as Outlook Brightens UBS 2Q Net Income Beats Estimates
- VRLA FP : Verallia 2Q Adjusted Ebitda Misses Estimates
- VRLA FP : Verallia 2Q Adjusted Ebitda Misses Estimates
- VWS DC : Vestas Set to Agree on Making Wind Power Parts in Japan: Nikkei
- VPK NA : Vopak 2Q Adjusted Ebitda Misses Estimates
- WLN FP : Worldline in Talks to Sell Units to Magellan at EU410M Valuation
- WLN FP : Worldline Takes €4.1b Goodwill Impairment on Merchant Services