Asian shares posted a modest gain as investors awaited news on trade negotiations after the US pushed for talks between President Donald Trump and China’s Xi Jinping. A gauge of Asian equities edged up 0.1% for their first gain in three sessions, as Hong Kong stocks erased Monday’s losses and jumped 1.3%. Mainland China shares fluctuated after manufacturing activity unexpectedly contracted in May. A weaker yen pushed up Japanese shares 0.2%. Treasuries were steady and a gauge of the dollar strengthened 0.2% after hitting its lowest since 2023 in the last session. US equity-index futures dropped 0.4%, indicating the optimism toward the close of trading Monday may not be repeated. Oil extended its gains while gold dipped 0.4% after trade worries sent investors toward haven assets Monday. In Japan, attention will once again shift to a debt market sale Tuesday that may ramp up pressure on the government to adjust its borrowing plans and calm investor nerves. Hot on the heels of auctions last month that exposed a lack of demand, the finance ministry will sell ¥2.6 trillion ($18 billion) of 10-year notes. Despite high volatility, markets have bounced back from their lows in April when Trump announced his tariff blitz. Investors are keeping a close eye on how the China-US trade spat pans out with the main focus on whether Trump and Xi will hold a conversation to dial down the tensions. The two countries have accused each other of violating a trade agreement reached in May, flaring up trade concerns. Trump has long said that direct talks with Xi were the only way to resolve differences between the nations, but the Chinese leader has been reluctant to get on the phone with his American counterpart — preferring that advisers negotiate key issues. The last known conversation between Trump and Xi took place in January before the US president’s inauguration. Top Trump economic adviser Kevin Hassett signaled Sunday the White House was anticipating a call this week with the Chinese leader. China hasn’t confirmed any decision for talks between the two presidents even as the US pushes for a dialogue. Meanwhile, Japan’s top trade negotiator Ryosei Akazawa is considering returning to the US for another round of trade negotiations this week as expectations mount for a deal as early as this month. Trump worked the phones Monday and took to social media to try to sway Republican holdouts on his multi-trillion dollar tax bill, encountering conflicting demands from GOP senators even as he urged them to move swiftly. The legislation, which last month passed the House by one vote, faces opposition from both moderates and ultra-conservatives in the Senate, where Trump can afford to lose no more than three votes. In geopolitics, Russia and Ukraine wrapped up a second round of talks in Istanbul that failed to bring the two sides closer to ending the war, but laid the groundwork for a new exchange of prisoners. US After Hours MLTX +26.2% surges on FT report that MRK held acquisition talks; CRDO +10.4% sharply higher on earnings.
Nikkei +0.11% Hang Seng +1.12% CSI +0.19% Shanghai +0.31% Shenzen +0.41%
Eur$ 1.1419 CNH 7.1977 CNY 7.2124 JPY 143.10 GBP 1.3518 CHF 0.8186 RUB 78.9500 TRY 39.1486 WTI$ 62.93 Gold 3,364 -0.46% BTC 105,555 +0.56% ETH 2,597.57 +2.11%
S&P -0.36% Nasdaq -0.34% EuroStoxx +0.13% FTSE +0.12% Dax +0.26% SMI
+0.21%Macro :
- China Commerce Chamber Urges EU to Rethink Possible Trade Curbs
- India, Europe Agree on Nearly Half of Trade Deal Topics: FT
- Musk Taps Investors for Billions Days After Leaving Trump’s Side
- Fresnillo, MBank, Bilfinger Among Additions to Stoxx Europe 600
- Germany’s Proposed EV Tax Break is Insufficient, Car Lobby Says
- Germany’s Proposed EV Tax Break is Insufficient, Car Lobby Says
- Carmaker Stocks Fall as Trump Metal Tariff Hike Threatens Costs
- Copying Saylor’s Bitcoin Strategy Isn’t Working Like It Used To
- Turkey earthquake: Powerful 5.8-magnitude quake felt strongly in Rhodes as tourists wake to ‘whole building shaking’
Keep an eye on :
Keep an eye on :
- AED BB : Aedifica Offers to Buy Cofinimmo at 1.185 Exchange Ratio
- BO DC : Bang & Olufsen Takes Over Its Online Sales in China, Borsen Says
- BA US : Boeing Reaches 737 Max Rollout Rate of 38/Month: Air Current
- BPOST BB : Affirms FY25 EBIT €150-180M, adjusts Rev "exceed" €5.0B (prior grow high single digit) - Guides EBIT to acelerate growth from 2026 onwards- Targets €160-180M/yr capex- Targets leverage ratio reduction to below 2.5x by 2027
- CMR Surgigal (Private) : CMR Surgical Hires Advisers to Begin Work on Sale Process: FT
- COFB BB : Aedifica Offers to Buy Cofinimmo at 1.185 Exchange Ratio
- DHE GY : Delivery Hero Hit by €329 Million EU Fine for Glovo Cartel (1)
- SATS US : EchoStar Elects Not to Make ~$183m in Cash Interest Payments
- EDP PL : Portuguese Regulator Erse Approves 1.5% Increase for Gas Tariff
- ELIS FP : Elis Holder Bpifrance Offers 6.9m Shares, Terms Show, placed at 23.26/share
- ELIS FP : Elis Holder Bpifrance Offers 6.9m Shares, Terms Show, placed at 23.26/share
- ELIS FP : Elis: Elis Buys BugaderíA Neutral in Spain
- ECV GY : KKR Aims to Squeeze-out Encavis’ Holdouts at EUR17.23/Share
- F US : Carmaker Stocks Fall as Trump Metal Tariff Hike Threatens Costs
- GMAB DC : Genmab’s Rina-S Showed 50% ORR in Advanced Endometrial Cancer
- HDD GY : *HEIDELBERGER DRUCK GAINS 4% ON TRADEGATE VS XETRA CLOSE
- JAZZ US : Jazz Pharmaceuticals Announces Phase 3 IMforte Trial Results Showing Zepzelca Plus Atezolizumab First-Line Maintenance Therapy
- BAER SW : Julius Baer sets focused strategy to unleash its full potential through disciplined execution,Julius Baer Aims at Net New Money Improving to 4–5% by 2028
- KCO GY : SVP, Lenders in Advanced Talks to Extend Kloeckner’s Senior Debt
- LGEN LN : L&G Investment Mgmt hires Derek Li as China Institutional Sales
- LR FP : Legrand Buys Linkk Busway Systems in Asia; No Terms
- MSFT US : Microsoft Cuts Hundreds More Jobs After Firing 6,000 Last Month
- MLTX US : Merck held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than $3bn
- PHIA NA : Australian Regulator TGA Sues Philips Electronics Australia
- PRX NA : Prosus Chief Investment Officer Ervin Tu to Step Down
- ROG SW : Roche’s Tecentriq With Lurbinectedin Shows Survival Benefit
- SAN FP : Sanofi Rilzabrutinib Gets US Designation for Sickle Cell Disease
- SENS SW : Sensirion Connected Solutions acquires Kuva Systems to expand methane emissions monitoring portfolio
- SIKA SW : Sika, Sulzer to Establish a Joint Venture to Advance Plastics Recycling , Sika: Each Partner Will Hold a 50 % Stake in JV
- SNOW US : Snowflake to Buy Crunchy Data for $250 Million -- WSJ
- SPT LN : DOJ Says Keysight Must Divest Assets for Spirent Deal to Proceed
- MSTR US : Strategy to List 2.5m Shares of Perpetual Preferred Stock
- ALLEI SS : Swedish Steelmaker Alleima Sees Pricing as Counter to US Tariffs
- TSLA US : Neuralink Raises $650 Million in Series E Funding Round
- 8TRA GY : Goldman Raises Trucking Stocks to Buy as Cycle Nears a Bottom
- 2330 TT : TSMC Sees 2025 Profit Rise to Record; Keeps Sales Outlook (1)
- UMG NA : Universal, Warner and Sony Are Negotiating AI Licensing Rights for Music -- WSJ