Asian shares rose as carmakers in Japan gained on optimism that the country will be able to secure lower auto tariffs in negotiations with the US. The MSCI Asia Pacific Index rose 0.3% with Japan’s Topix Index gaining 1%. Toyota Motor Corp., which reports earnings Thursday, jumped 2.2%. Oil rose for the first time in five days, while a gauge of the dollar dipped. Treasuries edged lower with the yield on the 10-year rising 1 basis point to 4.22%. Equity-index futures for the US and Europe advanced 0.3%. Indian stocks were little changed after the central bank kept the benchmark interest rate steady, as policymakers assess the impact of US President Donald Trump’s tariff shock on the country. Asian chip-related stocks and some pharmaceutical companies fell after Trump said he will announce levies on the sectors “within the next week or so.” Japan’s chief trade negotiator Ryosei Akazawa is heading to Washington as Tokyo aims to urge the US to proceed with a cut to car tariffs as promised in last month’s trade deal. Tariff headlines are once again dominating with Trump saying he was “getting very close to a deal” with China, and India bracing for pain from Trump’s threats. US stocks are consolidating after their recent rally amid concerns over the direction of interest rates and weak economic data. After a soft jobs data Friday, the latest economic indicators have since complicated the Federal Reserve’s balancing act between taming inflation and supporting growth. The US services sector effectively stagnated in July as firms — faced with tepid demand and rising costs — reduced headcount. The data, released Tuesday, painted a picture of a sluggish service economy wrestling with the fallout of higher tariffs, cautious consumers and uncertainty stemming from Trump’s policies. Asian chip-related stocks declined after a stream of negative news, including a Taiwanese probe into an alleged theft of Taiwan Semiconductor Manufacturing Co.’s trade secrets. Shares of the chipmaker fell 1.7% Wednesday. Also, Advanced Micro Devices Inc. warned that its access to the crucial China market remains uncertain. Super Micro Computer Inc. tumbled after its results missed expectations. Meanwhile, Trump also suggested he would impose increased tariffs on additional countries buying energy from Russia — including China — after saying earlier Tuesday that he would raise levies on Indian exports within 24 hours. India is racing to contain the economic fallout from the threatened tariffs, which has left officials in New Delhi feeling unsure of how to respond. In other tariff news, Swiss President Karin Keller-Sutter arrived in Washington to make a last-minute bid for a deal to lower the 39% tariff imposed last week by Trump. US After Hours ANET +13.9%, SKY +13.3%, LRN +11.2%, KVYO +11% higher on earnings; IONQ +1.5% as AMZN discloses new position; SNAP -16.2%, SMCI -15.6%, POWL -12.4% lower on earnings
Nikkei +0.55% Hang Seng +0.05% CSI +0.05% Shanghai +0.18% Shenzen +0.47%
Eur$ 1.1578 CNH 7.1929 CNY 7.1888 JPY 147.41 GBP1.3306 CHF 0.8070 RUB 79.9787 TRY 40.6775 WTI$ 65.57 +0.63% Gold 3,372 -0.26% BTC 113,884 +0.17% ETH 3,612 +1%
S&P +0.38% Nasdaq +0.27% EuroStoxx +0.48% FTSE +0.47% Dax +0.63% SMI +0.36%
Macro :
- Josep Borrell says EU’s €6.6bn military aid to Ukraine frozen due to Hungary’s veto
- OpenAI in Talks for Share Sale at $500 Billion Valuation
- OpenAI in Talks for Share Sale at $500 Billion Valuation
- Tariffs on Fertilizer Cause Drop in Shipments to US, Mosaic Says
- HHS to Wind Down mRNA Vaccine Programs, The move includes terminating 22 vaccine investments and canceling and shrinking various contracts and solicitations - WSJ
- Lebanese government tells army to prepare plan to disarm Hizbollah - FT
- Yerevan confirms Armenia-Azerbaijan peace talks in Washington
Keep an eye on :
- ABN NA : ABN Amro 2Q Profit Beats Estimates, ABN Amro Pledges €250 Million Buyback as Profit Beats Estimates, Dutch State to Sell Part of ABN Amro Stake to Bank Via Buyback
- ADES AB : Ades Holding CEO Plans More Deals After Shelf Drilling Purchase
- AH NA : Ahold Delhaize 2Q Adjusted Operating Margin Beats Estimates
- MT NA : ArcelorMittal Suspends Ops in Mexico Plant Due to Blackout: EF
- MT NA : ArcelorMittal Suspends Ops in Mexico Plant Due to Blackout: EF
- Atour LifeStyl IPO : US-Listed Hotel Chain Atour Is Said to Weigh Hong Kong Listing
- BAMI IM : Banco BPM 2Q Net Income Beats Estimates
- BAYN GY : Bayer 2Q Pharmaceuticals Unit Sales Meet Estimates
- BEI GY : Beiersdorf 1H Sales Meet Estimates
- BA US : Cathay Poised to Make First Boeing Order in 12 Years (Correct)
- BPE IM : BPER Banca 2Q Net Income Beats Estimates
- BP/ LN : BP Plans Sweeping Business Review as It Vows to ‘Do Better’
- CAN L N : ESPN to Buy NFL Media Assets for 10% Equity Stake in ESPN
- CC uS : Chemours Cuts FY Adjusted Ebitda Forecast
- COIN US : Coinbase Prices Upsized Offering of $2.6B Convertible Notes
- CBK GY : Commerzbank Ups FY NII Forecast; Applied for up to €1B Buyback
- DIS US : ESPN to Buy NFL Media Assets for 10% Equity Stake in ESPN - WSJ
- EQNR NO : Korea Hydro Seeks to Buy Stake in Equinor’s Ulsan Project: Maeil
- ZIL2 GY : ElringKlinger 2Q Ebitda EU35.8M
- FRE GY ; Fresenius SE Boosts FY Organic Revenue Forecast, Fresenius Lifts Full-Year Sales Outlook as Revamp Gains Momentum
- GLPG NA : Galapagos Says GLPG5101 Gets FDA RMAT Designation
- GLEN LN : Glencore 1H Revenue Beats Estimates
- HALO US : Halozyme Boosts FY Revenue Forecast, Beats Estimates
- IFM AU : TPG Capital Agrees to Buy Infomedia For A$1.72/Share Cash
- ITP FP : Interparfums Maintains FY EPS Forecast, Beats Estimates
- SKB GY : Koenig & Bauer 1H Ebit Loss EU13.8M Vs. Loss EU33.9M Y/y
- KTN GY : Kontron Raises FY Ebitda Forecast, Cuts FY Revenue Forecast
- MAR PL : Visabeira Offers to Buy Martifer Shares Not Held by Two Holders
- MSFT US : OpenAI in Talks for Share Sale Valuing Startup at $500 Billion
- BMPS IM : Monte Paschi 2Q Net Income Beats Estimates
- NDX1 GY : Nordex Gets Nearly Order for Nearly 52 MW in Germany
- NOVOB DC : Novo Nordisk Files 14 New Lawsuits on Compund Products
- NOVOB DC : Novo 2Q Ebit Misses Estimates, Novo 2Q Wegovy Sales Beat Estimates
- OPEN AI : OpenAI in Talks for Share Sale Valuing Startup at $500 Billion
- ORRON SS : Orron Energy 2Q Ebitda Loss EU6.0M Vs. Profit EU4.9M Y/y
- PLTR US : How Palantir Won Over Washington—and Pushed Its Stock Up 600% - WSJ
- PNDORA DC : Pandora Hit by Cyberattack on Client Data, Ritzau Says
- 1913 HK : Prada -2%
- QIA GY : Qiagen 2Q Net Sales Beat Estimates
- QTCOM FH : QT Group 2Q Net Sales Miss Estimates
- RILBA DC : Ringkjoebing Landbobank Boosts FY Net Income Forecast
- SAMPO FH : Sampo 2Q Net Income Beats Estimates, Sampo Narrows FY Insurance Revenue Forecast
- SHAO GY :
- ENR GY : Siemens Energy Sees FY Comparable Sales High End of +13% to +15%
- SMCI US Super Micro Falls After Cutting Annual Sales Forecast (-15% in after hours)
- UBXN SW : U-blox 1H Revenue Misses Estimates
- VSTS US : Vestis 3Q Revenue Meets Estimates
- VOE AV : Voestalpine 1Q Ebitda Misses Estimates, Voestalpine 1Q Profit Below Estimate on Steel Struggles
- VNA GY : Vonovia Boosts FY Adjusted EBT Forecast, Vonovia Lifts Guidance After Growth in Key Segments
- YAR NO : Mosaic Sees 3Q Potash Sales Vol. 2.2M to 2.4M Tonnes, Est. 2.25M
- ZAL GY : Zalando Narrows FY Revenue Forecast (1)