quity-index futures for the US and Europe rose and oil declined on speculation a meeting between US and Russian leaders will increase the chances of ending the war in Ukraine and boost crude supply. Contracts for European shares and the S&P 500 Index climbed 0.2%. Oil fell 0.6% while gold also dropped as US President Donald Trump prepared to meet his Russian counterpart Vladimir Putin on Friday. Asian shares rose 0.3% while a gauge of the dollar weakened 0.2%. Bitcoin rose as much as 3.2% to top $122,000 to come within striking distance of a record-high. There’s no cash trading in Treasuries in Asia due to a holiday in Japan. Asian lithium stocks rose while most chip shares retreated. Financial markets are drawing comfort from the prospect of an end to the three-year war in Ukraine, following a flurry of weekend diplomacy. European nations are seeking talks with Trump ahead of his upcoming meeting in Alaska. Trump had earlier threatened sanctions—and penalties—on countries like India for purchasing oil from Russia, prompting Putin to hold phone calls with Narendra Modi and other world leaders. Diplomatic negotiations were in full swing during the weekend with National security advisers from Europe, Ukraine and the US meeting in the UK and making significant progress toward the ending of the fighting. The talks followed an earlier call between Ukraine President Volodymyr Zelenskiy and UK Prime Minister Keir Starmer, and a flurry of diplomacy involving Zelenskiy and other European leaders.
Goldman Sachs’ Hui Shan discusses the Chinese economic situation as President Xi Jinping’s “anti-involution” campaign aimed at curbing aggressive competition in the country is underway. Brent traded near $66 a barrel, after sliding 4.4% last week, while West Texas Intermediate was above $63. A peace deal with Ukraine could see an end to sanctions on supply from Russia, potentially exacerbating a glut forecast for later in the year.
In the crypto market, Bitcoin rose to within striking distance of an all-time high as demand from institutional investors and corporate treasury buyers lifts the wider market for digital assets. A weekend rally saw Ether surge to above $4,300, its highest level since Dec. 2021. Meanwhile, lithium prices and stocks spiked on Monday after battery giant Contemporary Amperex Technology Co. Ltd. halted operations at a major mine in China. Asia’s chip stocks fell after Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export licenses. This week, investors await key economic data—especially the US inflation report—and a possible extension of the Aug. 12 deadline for US tariffs on Chinese exports. Ahead of the deadline, Trump posted on social media that he hoped China massively stepped up its purchases of American soybeans. Soybean futures in Chicago rose on Trump’s comments. Separately, Goldman Sachs analysts said US companies have so far absorbed most of the costs of Trump’s tariffs, but the burden is increasingly going to shift to consumers.
Nikkei Closed Hang Seng +0.10% CSI +0.57% Shanghai +0.48% Shenzen +1.43%
Eur$ 1.1673 CNH 7.1845 CNY 7.1804 JPY 147.48 GBP 1.3466 CHF 0.8064 RUB 79.9958 TRY 40.7437 WTI$ 63.42 -0.72% Gold 3,376 -0.64% BTC 122,003 +3.20% ETH 4,325 +2;60%
S&P +0.12% Nasdaq +0.10% EuroStoxx +0.11% FTSE +0.03% Dax +0.15% SMI +0.70%
Macro :
- Hedge Funds Are Unwinding Energy Bets That Dominated Since 2021
- White House to Clarify Misinformation on Gold Tariffs
- White House to Clarify Misinformation on Gold Tariffs
- Bets on Sex Toy Stunts at WNBA Games Fuel Polymarket Critics
- US Hikes Another Canadian Lumber Duty, Bringing Total to 35.2%
- The Week’s 10 Biggest Funding Rounds: Public Safety Leads, While Healthcare And Fintech Also See Big Deals - CrunchBase
- The £77bn trade that risks throwing Britain into a doom-loop spira - Telegraph
- Zelensky Rejects Trump Proposal to Cede Territory to Russia
Keep an eye on :
Keep an eye on :
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- BING GY : Boehringer Gets FDA Accelerated Approval for Hernexeos
- AI US : C3.ai Reports Sales Far Short of Estimates, Shakes Up Management
- DeepX IPO : AI Chip Firm DeepX Hires Morgan Stanley for Funding Before IPO
- FIG US : Figma’s $21 Billion Drop Returns Stock to Earth After IPO Frenzy
- HYQ GY : Hypoport 1H Ebit EU16.0M Vs. EU8.3M Y/y
- ICAD FP : Icade to Sell Stake in Portfolio of Assets in Italy for EU173m
- IDIA SW : Idorsia Publishes Interim Results of Bond Repurchase Offers
- IMXI US : Western Union to Buy International Money for $16 per Share
- LWAY US : A Family Feud Leaves the Future of This Kefir King in Doubt. Danone May Take Over - Barrons
- NFLX US : Netflix Explores Bid for Home Run Derby as ESPN Deal Ends
- NOVN SW : Novartis Ianalumab Phase 3 Trials Met Primary Endpoints
- NB2 GY : Rumble to Buy AI Company Northern Data
- NVDA US : Nvidia Allowed to Sell Chips to China After CEO Met Trump: FT
- NVDA US : Nvidia’s Quiet Rising Stars? The Son and Daughter of Billionaire Founder Jensen Huang - The Information
- NVDA US : Nvidia’s H20 Chips Raise Safety, Performance Concerns: CCTV
- NVDA US : Nvidia, AMD to Pay US 15% of China AI Chip Sales in Unusual Move
- NYXH BB : Nyxoah Wins FDA Nod for Cordless Sleep Apnea System
- ORSTED DC : Orsted Plans $9 Billion Rights Issue to Strenghen Balance Sheet
- PLTR US : Palantir’s 2,500% Run Has Bulls Scrambling to Justify Valuation
- PFE US : Arvinas, Pfizer Say Vepdegestrant NDA Accepted by FDA
- ROG SW : Swiss Leaders Seek Talks With Roche, Novartis After US Tariffs
- SZG GY : Salzgitter 1H Loss After Tax EU88.9M Vs. Loss EU18.6M Y/y
- SKX US : Skechers Puts Up Impressive 2Q Results Ahead of Go-Private
- TGNA US : Nexstar in Advanced Talks to Buy Tegna, Sources Say -- WSJ
- DG FP : Vinci Signs Final Accord to Acquire Cobra IS, to Pay ACS €300m
- VOYG US : Voyager Technologies Falls to IPO Price for First Time