Asian stocks started August in a mixed fashion amid a resurgence in Covid-19 cases and simmering U.S.-China tension. Treasuries slipped.
Shares advanced in Japan and China but declined in Hong Kong. Australia’s and South Korea’s stocks fluctuated, as did S&P 500 contracts. Oil dipped. Gold continues to trade near record highs. On Friday, U.S. stocks extended their July rally, aided by a surge in technology shares. American lawmakers are continuing talks over a virus-relief package.
Infections are picking up again in some U.S. states. A senior Federal Reserve official on Sunday urged Congress to act to support those laid off due to the pandemic and suggested a fresh lockdown. In Australia, Victoria state tightened restrictions as cases jumped, while the Philippines imposed a stricter lockdown for Manila and nearby areas. Stocks in Manila had the biggest drop in Asia, down more than 3%.
Nikkei +2.19% Hang Seng -0.97% CSI +1.12% Shanghai +1.27% Shenzen +2.04%
Eur$ 1.1781 CNH 6.9774 CNY 6.9732 JPY 105.82 GBP 1.3095 CHF 0.9148 RUB 73.9429 WTI$ 40.04 -0.57%
S&P +0.02% Nasdaq +0.40% EuroStoxx +0.13% FTSE -0.02% Dax +0.28% SMI +0.13
Macro :
- Bitcoin Surpasses $12,000 Then Tumbles in Wild Weekend Action
- Silver Lake Is Nearing $18.75 Billion Fundraising for Buyouts
- Euro Strength Seen Carrying Bullish Message for European Stocks
- Markets Can’t Stop Thinking About Fed Not Thinking About Hiking
Keep an eye on :
- AAPL US : Apple Asks U.K. Store Landlords to Halve Rent: Sunday Times
- AAPL US : Apple Purges Thousands of Unlicensed Games from China App Store
- ATL IM : Italy Aims to Sign Deal With Autostrade by Aug. 3: Ministry
- ATL IM : Benettons Set to Discuss Autostrade Spinoff Aug. 6: Repubblica
- BEAN SW : Belimo First Half Ebit 4.2% Below Estimates
- BOL FP : Bollore First Half Ebita EU948 Mln, +3.2% Y/y
- CASS IM : Italy Searched Insurer Cattolica Over Alleged AGM Irregularities
- CNA LN : Centrica Staff Balloted on Industrial Action in Row Over Jobs and Pay
- CNP FP : CNP Assurances First Half Net Income EU629 Mln, -8.4% Y/y
- CNP FP : CNP Assurances Appoints Véronique Weill as Chairwoman
- CBK GY : Commerzbank’s Candidate for Chairman Faces Labor Opposition
- DAI GY : Daimler Cost Cuts Likely to Exceed $530 Million: Automobilwoche
- DUFN SW : Dufry First Half Sales 1.2% Below Estimates
- IAG LN : British Airways Pilots Vote to Accept Labor Deal With Pay Cuts
- FCA IM : Fiat Chrysler Posts Loss; Caterpillar: N.A. Industrials Wrap
- G IM : Generali Is Said to Walk Away From Potential BrightSphere Bid
- GMAB DC : Genmab Says Study of Myeloma Treatment Met Primary Endpoint
- HMSO LN : Hammerson Seeks Up to 600 Million Pounds From Rights Issue: Sky
- HEIA NA : Heineken First Half Org. Beer Volume Beats Estimates
- HSBA LN : HSBC Misses Estimates as Turmoil Weighs on Banking, Loan Book --> -4% in HK
- HYQ GY : Hypoport SE First Half Ebit EU17.1 Mln, +8.2% Y/y
- INRN SW : Interroll First Half Ebitda CHF43.5 Mln Vs. CHF43.5 Mln Y/y
- JDW LN : Watch U.K. Pubs on Suggestion of Closure For School Reopenings
- MC FP : PRada -1% in HK
- LSE LN : Italian Investors May Bid for LSE Unit, Corriere Reports
- MPC US : 7-Eleven Owner to Buy Marathon’s Speedway for $21 Billion (2)
- MSFT US : With Deadline Set, Microsoft, ByteDance Still Have to Talk Price
- MOR GY : MorphoSys, Incyte: FDA Approves Monjuvi With Lenalidomide
- OR FP : Caixin: L’Oreal Considers Cut to Ad Spend on TikTok Over Privacy Issues
- NOKIA FH : Europe Should Buy Domestic Over Huawei, German Official Says
- NDX1 GY : Nordex in Talks With RWE on ~EU403m European Pipeline Sale
- NOVN SW : Novartis’s Cosentyx Gets EC Approval for Psoriasis Treatment
- NVDA US : Softbank reportedly plans to keep a stake in Arm Holdings even if it sells part of it to Nvidia - press - Its not immediately known how much of a stake Softbank plans to retain
- PNL NA : PostNL Second Quarter Domestic Mail Revenue EU393 Mln
- PRS NO : Prosafe Fleet Utilisation Drops to 6.5% in 2Q From 71.6% Y/Y
- RLF SW : Relief’s RLF-100 Shows Recovery From Covid Respiratory Failure
- SHL GY : Siemens Healthineers Said to Near $15 Billion Purchase of Varian
- SHL GY : Siemens Healthineers 3Q Revenue 1.2% Below Estimates
- SHL GY : Siemens Arm’s $16.4 Billion Varian Purchase Opens Path to DAX
- SONC PL : Sonae Parent Efanor to Buy Sonae Industria, Sonae Capital
- STM GY : Stabilus Third Quarter Adjusted Ebit EU5.7 Mln, -85% Y/y
- TSLA US : Tesla on Track for Swift Berlin Plant Completion, Minister Says
- TILS LN : Tiziana Life Prices U.S. Follow-on Offering at $5.20 Per ADS
- TUI LN : Tui Extends Cancellations to Spain, Islands: Telegraph
- TWTR US : *TEENAGE MASTERMIND BEHIND TWITTER ATTACK ARRESTED FRIDAY
- UAA US : Under Armour Revenue Recovery Pushed Into 2022, Cowen Says
- VOW3 GY : Electric-Car Startup Misses Deadline for Key Supply Deal With VW
- WDI GY : Wirecard processed payments for mafia-linked casino, Malta-based gaming company CenturionBet was used by the ’Ndrangheta crime organisation to launder money - FT - https://on.ft.com/2Xm3gui