Asian stocks and US equity futures pared gains Tuesday amid a jump in Treasury yields and as an earlier lift to investor sentiment from a potential improvement in US-China ties ebbed. An Asian share index came off session highs, in part as China turned lower. S&P 500 and Nasdaq 100 contracts made modest gains from Friday’s close. US markets were shut Monday for the Independence Day holiday. The US may announce the rollback of some China levies as soon as this week to counter high inflation. Officials could also unveil a probe into industrial subsidies, which might lead to more duties in strategic areas like technology. Chinese Vice Premier Liu He held a video talk with US Treasury Secretary Janet Yellen Tuesday morning on tariffs and supply chains. The drop in Treasuries was led by shorter maturities, including a surge of as much as 13 basis points in the two-year yield. That extended a global bond retreat that began in Europe on Monday. Speculation has intensified that President Joe Biden may reduce some Trump-era tariffs on $300 billion in Chinese imports. Policy makers are under pressure to tackle inflation, which has forced interest-rates higher, sapped economic expansion and contributed to steep equity and bond losses this year. Brent crude hovered at $113 around barrel. Bitcoin retook the $20,000 level.
Nikkei +1.02% Hang Seng +0.23% CSI -0.71% Shanghai -0.46% Shenzen -1.27%
Eur$ 1.0447 CNH 6.6913 CNY 6.6926 JPY 136.26 GBP 1.2114 CHF 0.9602 RUB 56.0979 TRY 16.8338 WTI$110.11 +1.555 Gold 1,810.65 -0.32% BTC 20,320 +2.85% ETH 1,160 +3.5%
S&P +0.40% Nasdaq +0.52% EuroStoxx +0.49% FTSE +0.28% Dax +0.52% SMI +0.17%
Macro :
- EU Set to Ease IPO Rules to Lure $47 Billion Deep Tech Funding
- UK Starts Consultation on Tax-Treatment of Sovereign Investors
- UK’s Johnson Says ‘We Are Going to Need a Lot More OPEC+ Oil’
Keep an eye on :
- AT/ LN : Ashtead Technology Holder BP Inv2 Newco Offers ~10m Shares
- UK Starts Consultation on Tax-Treatment of Sovereign Investors
- UK’s Johnson Says ‘We Are Going to Need a Lot More OPEC+ Oil’
- Germany Seeks Subsidies for Firms With High Energy Usage: FAZ
Keep an eye on :
- AT/ LN : Ashtead Technology Holder BP Inv2 Newco Offers ~10m Shares
- BAKKA NO : Bakkafrost Prelim 2Q Total Harvest 19,700 Metric Tons
- CABK SM : *CAIXABANK WANTS TO SPEED UP REAL ESTATE ASSETS SALE: EXPANSION
- COFB BB : Forever Care-Ion Cuts Cofinimmo Holding to 4.97% as of June 28
- CSGN SW : Credit Suisse Switzerland Names Roger Suter Head Private Banking
- DTE GY : KKR Is Said to Lead Bidding for $20 Billion Deutsche Telekom Arm
- ECV GY : Encavis CEO Dierk Paskert Will Resign, Leave Company
- ERG IM : ERG in Exclusive Talks for Some EDP Renewables Wind Assets: MF
- GLJ GY : Grenke 1H New Business in the Leasing Segment +42.2%
- LHA GY : MSC-Lufthansa, Certares May Lower ITA Valuation: Corriere
- RWE GY Hellenic Petroleum, RWE to Develop Greek Offshore Wind Parks
- RWE GY Hellenic Petroleum, RWE to Develop Greek Offshore Wind Parks
- SAS SS : Danish Government Won’t Interview in SAS Strike, JP Reports
- SAE GY : Shop Apotheke Maintains FY Adj. Ebitda Margin Forecast
- UBSG SW : UBS to Sublet Two Floors in London Office Amid Flexible Work: FT
- UN01 GY : Germany’s Uniper in Bailout Talks to Plug $9.4 Billion Hole
- VALN SW : Femsa to Buy Valora for CHF260/Shr: M&A Snapshot
- VALN SW : Valora Sees 1H External Sales About 20% Above Prior Year