Asian stocks advanced Tuesday, set to round out their best quarter since 2009 in a rebound from a devastating start to the year, as optimism about a recovery overshadows concerns over an increase in U.S. coronavirus cases.
Benchmarks rose more than 1% in Japan, Australia and South Korea. Hong Kong gains were more modest after the Trump administration suspended some trade benefits for the city over China’s new national security law for the financial hub. S&P 500 futures edged higher after the index erased its June decline in wake of positive U.S. home sales data. The dollar and Treasuries were little changed. Oil retreated.
US After Hours Bank stocks modestly higher on stress test results; XLNX +7.2% up on guidance; MU +5.6% up on strong earnings; LULU gets into home fitness market with Mirror purchase
Nikkei +1.81% Hang Seng +0.79 CSI +1.47% Shanghai +0.91% Shenzen +1.87%
Eur$ 1.1228 CNH 7.0691 CNY 7.0690 JPY 107.76 GBP 1.2287 CHF 0.9521 RUB 70.0988 WTI$ 39.45 -0.63
S&P -0.11% Nasdaq +0.11% EuroStoxx -0.03% FTSE -0.01% Dax +0.07% SMI -0.02%
Macro :
- *CHINA JUNE MANUFACTURING PMI AT 50.9; EST. 50.5
- German Tax Unit Got Wind of Cum-Ex Activities as Early as 2009
Keep an eye on :
- ABN NA : ABN Amro, Aegon Plan to Launch Joint ESG Equity Fund This Year
- AIR FP : Airbus Meets Unions on Job Cuts for Prolonged Virus Downturn
- ARYN SW : Aryzta Sees Steady Revenue Trend Improvement Through June
- ATT SS : Attendo Uses Face Masks That Aren’t Certified, Staff Says
- AUTN SW : Autoneum Amends Long-Term Credit Agreement Worth CHF350 million
- BALN SW : Baloise Places Two Senior Bond Issues for CHF300m
- BAMNB NA : BAM to Take EU40m Charge In Cologne Metro Claims Settlement
- BFIT NA : Basic-Fit Gets Clean Sweep of Buys After Morgan Stanley Upgrades
- BMPS IM : Monte Dei Paschi Board Approves Transfer of Bad Loans to Amco
- BOL FP : Bollore Seeking to Exit from Car Sharing in France, Abroad: AFP
- CAV1V FH : Caverion Says German Prosecutors End Probe Into Bribery; No Fine
- CINE LN : Cineplex Gets New Money From Lenders After Failed Takeover
- COFB BB : Cofinimmo to Buy German Care Home for About EU16m
- CBK GY : Commerzbank Supervisory Board Cancels Strategy Meeting: DPA
- DAI GY : Mercedes to Halt Subscription Pilot: Automotive News
- DANSKE DC : Danish Agency Failed in Money Laundering Oversight, Borsen Says
- DIA IM : DiaSorin: New SARS-Cov-2 IgM Test Now Available in Europe, U.S.
- ENDUR NO : Endur Offering Prices 66.7m Shares at NOK1.50/Share
- G IM : Mediobanca Pressured by Activist Investor to Exit Generali Stake
- GMAB DC : Genmab Rises Amid ‘Very Favorable’ Results From Phase 2 Trial
- GIMB BB : Gimv Sees About EU30m Gain on Contraload; Buys Televic Stake
- BOSS GY : Frasers Group Increases Its Investment in Hugo Boss
- IFX GY : Micron, Xilinx Give Bullish Revenue Forecasts; Shares Surge
- IHG LN : InterContinental to Give U.S. Employees Paid Day Off to Vote
- INGA NA : ING Belgium CEO Van Den Eynden to Step Down: Tijd
- DEC FP : JCDecaux Renews, Extends Contract W/ Beijing Metro for 20 Years
- JUVE IM : Juventus Signs Arthur Melo From FC Barcelona for EU72m
- KYG ID : Kerry Group Holder to Sell Shares Worth EU80m: Terms
- KIN BB : Kinepolis’s MJR Cinemas in U.S. to Open With a Capacity of 25%
- LEON SW : Leonteq Partners with BlackRock in Derivative Products (Earlier)
- LULU US : Lululemon to Buy Fitness Company Mirror for $500 Million
- MB IM : Mediobanca Pressured by Activist Investor to Exit Generali Stake
- N4G GY : Naga Group to Offer Up to 2m Shares at EU2.5 Apiece
- KN FP : U.K. FCA Probes H2O Over Sale of Bonds, Stocks to Windhorst: FT
- KN FP : Natixis, La Banque Postale to Merge Asset Management Operations
- KN FP : Natixis IM’s Raby Says Economy Could Be Stronger After Crisis
- NAS NO : Norwegian Air to End Boeing Purchase Agreements
- PRS NO : Prosafe Gets Extension to Forbearance Arrangement to End July
- PRX NA : Prosus Looks to Buck Dealmaking Slump With $7 Billion on Hand
- PRX NA : Prosus Full Year Revenue $21.5 Bln
- SOBI SS : Sobi Granted FDA Orphan Drug Status for Anakinra
- STM FP : Micron, Xilinx Give Bullish Revenue Forecasts; Shares Surge
- TSLA US : Tesla Shares Climb Back Above $1,000 on Musk’s Break-Even Email
- TRI FP : Trigano Says 3Q Operating Profit Positive Despite Sales Drop (1)
- UBER US : Uber in Talks to Buy Postmates for Around $2.6B, DJ Reports
- WDI GY : Wirecard Assessing Ability to Provide Singapore Services: MAS
- WDI GY : Wirecard North America Seeks Acquisition
- WDI GY : U.K. FCA Says to Allow Wirecard to Resume Operational Activity
- WDI GY : Germany’s Kukies Sees Rapid Oversight Overhaul Post-Wirecard
- WDI GY : Wirecard Assessing Ability to Keep Providing Singapore Services