Stocks climbed in Asia and the yen slipped with gold as the well flagged U.S. imposition of tariffs on Chinese imports began, something China vowed to fight back on. Treasuries declined, as did the yuan.
Equities rose from Sydney to Mumbai. Chinese shares reversed losses though remained strongly down for the week. Equities in Singapore sank after the government unexpectedly tightened curbs on the property market. The yuan slipped amid scrutiny of policymakers’ next moves. Copper sank for a fifth day, while oil pared recent losses.
Nikkei +1.34% Hang Seng +0.89% CSI +1.09% Shanghai +0.83% Shenzne +1.26%
Eur$ 1.1712 CNH 6.6591 CNY 6.6447 JPY 110.77 GBP 1.3234 CHF 0.9925 RUB 63.1614
S&P +0.25% EuroStoxx +0.61% Dax +0.64% FTSE +0.58% SMI +0.37%
Macro :
- China Says It’s Forced to Retaliate on U.S. Tariffs
- Macron, Sovereign Wealth Funds to Unveil Renewable Energy Plan
- Equities Cut to Underweight at Commerzbank, Prefers Govt Bonds
Keep an eye on :
- ARL GY : Aareal Bank 2Q Loan Repayments Below Plan, CEO Merkens Tells BZ
- AIR FP : Airbus, AirAsia Are Said Still Deadlocked on Order: Reuters
- AI FP : Air Liquide Sees FY Currency Impact on Revenue of -3% to -4%
- ASML NA : Samsung Revenue, Earnings Miss Could Hit European Suppliers
- BCA LN : Apax Partners LLP No Intention to Make An Offer for BCA
- EN FP : Bouygues Construction Buys Australia’s AW Edwards
- ACA FP : Credit Agricole Outlook Raised by Moody’s on Capital Strength
- ELE SM : Iberdrola, Endesa Mull Portugal Concessions Bid: Confidencial
- EO FP : Faurecia Plans to Buy All of Parrot Automotive Ahead of Schedule
- FRE GY : Akorn Spikes Late in Trading Session; Fresenius Trial Monday
- IBE SM : Iberdrola, Endesa Mull Portugal Concessions Bid: Confidencial
- IBS PL : Ibersol Says Completes Capital Increase
- IMPN SW : Consortium Led by Implenia Gets About CHF200m Order
- ISAT LN : Inmarsat Rejected 532p/Share Improved Bid From EchoStar
- KID NO : Kid 2Q Revenue Rises to NOK281.5M Versus NOK278.4M Year Earlier
- KOG NO : *KONGSBERG TO BUY ROLLS-ROYCE COMMERCIAL MARINE; VALUE GBP500M, Norway to Participate for NOK2.5B in Kongsberg Rights Issue
- LYFT IPO : Cabify Said in Talks With Lyft on up to EU3B Sale: Confidencial
- MEKO SS : Mekonomen Makes EU395m Acquisition, Plans SEK1.65b Rights Issue
- PARRO FP : Faurecia Plans to Buy All of Parrot Automotive Ahead of Schedule
- UG FP : Peugeot Motocycles to Cut 90 Jobs in Strategy Shift: Les Echos
- RR/ LN : Kongsberg Buys Rolls-Royce Commercial Marine; Value GBP500m
- RUI FP : Rubis Says Issued 1.61M New Shares for Dividend Payment
- RYA LN : Ryanair Asks Irish Pilot Union To Meet, Call Off Planned Strike
- STM FP : Samsung Revenue, Earnings Miss Could Hit European Suppliers
- SPH LN : China Grand, Huadong Confirm Approach Has Been Made For Sinclair
- SMCP FP : SMCP to Offer Up to 4.69m Shares via JP Morgan, SMCP Majority Holder Sells Stock at EU22.25/Share; Prices Bonds
- TSCO LN : U.K. Retailers Post Worst June Sales Since Brexit Vote: BDO
- TSLA US : China Is Said to Weigh Further Cuts in Electric-Car Subsidies
- TKA GY : Thyssenkrupp CEO Asks Supervisory Board to End His Mandate
- VOW3 GY : Porsche Demanded Over EU200 Mln From Audi for Diesel Engines: SZ
- WPP LN : Sorrell Is Said Close to Defeating WPP for Media Monks: Times