Asian stocks gained, building on a positive Friday session for global equities, as investors set aside concerns about escalating trade tensions to prepare for the latest earnings season after signs of continued economic strength.
China’s currency rose against the dollar one week after Chinese officials emphasized that they wouldn’t use the yuan as a trade-policy weapon. The dollar slipped to a three-week low, helping reduce pressure on emerging markets. Equity benchmarks in Japan, Hong Kong and Shanghai climbed, while Australian and Korean ones lagged behind. Ten-year Treasury yields ticked higher. The pound pared gains after the U.K. cabinet member in charge of Brexit discussions resigned from Prime Minister Theresa May’s government.
Nikkei +1.21% Hang Seng +1.71% CSI +2.40% Shanghai +2.06% Shenzen +2.16%
eur$ 1.1773 CNH 6.6238 CNY 6.6194 JPY 110.44 GBP 1.3320 CHF 0.9872 RUB 62.7621 WTI$ 74.16 +0.49%
S&P +0.35% EuroStoxx +0.47% FTSEE +0.55% Dax +0.53% SMI +0.37%
Macro :
- France to Tax U.S. Tech Giants by Yr-End or Early ’19: Le Maire
- EU Must Resist Temptation of Euro Pessimism: ECB’s Coeure
- U.S. Is Source of Global Uncertainty: BlackRock’s Hildebrand
- ECB’s Coeure Says World Order Being Called Into Question
- Germany Plans Tax Breaks for Companies Investing in Africa: HB
Keep an eye on :
- ADP FP : Le Maire: Selling Stake in Paris Airports Because It Has Value
- AIR FP : Airbus Seeks Key Role for U.K. in European Combat Jet Plan: FT
- AF FP : Air France-KLM June Passenger Traffic Rises 3.5%
- AF FP : Paris Metro CEO Considered for Air France KLM CEO Job: Figaro
- AKE FP : Arkema CEO Says Chemical Sector Safe From Trade Wars So Far
- ALO FP : Proxinvest Recommends Alstom Shareholders Reject Rail JV: WiWo
- ATC NA : Altice Urges Level Playing Field With U.S. Internet Companies
- AV/ LN : Aviva Hires Eight Senior Staff From Standard Life Aberdeen: FT
- BT/A LN : Alibaba in Talks With BT for Cloud Partnership in Europe Push
- BKIA SM : Spanish Government Studies Delay for Bankia Sale: Vozpopuli
- BMWQ GY : BMW Says It’s Calculating Necessary Price Increases for China
- BNP FP : France’s Le Maire Wants to Cap Bank Fees for Modest Households
- BTG LN : BTG Holders Urged by ISS to Oppose Remuneration Report: S. Times
- C US : Citi Names Haemmerle Head of France Corporate & Investment Bank
- 1COV GY : Covestro CFO Toepfer Says Company Looking for Acquisitions: BZ
- DAI GY : Daimler Halts Supplies of Some Truck Engines on Emission Issues
- DIS US : Ant-Man Seen With Estimated $83.7M Opening Weekend: Variety
- ELIOR FP : Elior Group to Raise Stake in Elior North America to 92%
- ENX FP : Euronext Eyes Growth Via Acquisitions: Lettre de L’Expansion
- GLPG NA : Galapagos Announces Design of Study With 2nd IPF Drug Candidate
- GRPN US : Groupon Is Said to Be Looking For a Buyer, Recode Says
- HEN3 GY : Henkel to Raise Prices, Look for Acquisitions: Rheinische Post
- ING FP : PayPal to Spend as Much as $3b/Yr on Takeovers, CEO Tells HB
- ISAT LN : EchoStar Walks Away From Its $4.2 Billion Bid for Inmarsat
- MF FP : Wendel, BC Partners, Rhone Prepare Bids for Maxam: Expansion
- NOVOB DC : Novo Nordisk Accepted Greek Bonds as Payment, Borsen Says
- ORA FP : Orange CFO Sees Europe Ripe for Telecom Mergers
- PIRC IM : Intesa, UniCredit to Remain Invested in Pirelli: Messaggero
- RNO FP : Renault Duster Sales Rise Almost 30% in 1H: Les Echos
- RDSA LN : Shell Drills Dry Well Near Knarr Field in North Sea, NPD Says
- RPC LN : RPC Short Sales Exceed GBP240m, Mail on Sunday Says, Citing FCA
- SIE GY : Proxinvest Recommends Alstom Shareholders Reject Rail JV: WiWo
- SOLB BB : Solvay CEO Says Trade War, Brexit May Hurt U.S., U.K. Investment
- SPOT US : Apple Music Should Have About 27M U.S. Users by Year End: FT
- STOB LN : Stobart Shareholders Re-Elect Chairman Ferguson in Narrow Vote, Stobart’s Chairman Ferguson Is Said Planning to Leave: Sky
- TENCENT (700 HK) : *TENCENT PROPOSES SPIN-OFF OF TENCENT MUSIC ENTERTAINMENT
- TKA GY : Obermann Offered Resignation From Thyssen Supervisory Board: HB
- TOM2 NA : TomTom Increases Stake in TomTom Africa to 100%; No Terms
- FR FP : Valeo Says Siemens Has No Short-Term Plans to Exit JV
- VAN BB : Van De Velde First Half Revenue EU110.8 Mln Vs. EU115.3 Mln Y/Y
- VIE FP : Veolia Expects to Beat Cost-Cutting Goal Again: CEO to Reuters, Veolia CEO: Brexit Won’t Deter Co. From Investing in U.K.
- VIV FP : Rolling Stones, Universal Music Group Report Partnership
- VOW3 GY : Diess Sees VW Struggling for Months With New Exhaust Tests: DPA
- WIHL SS : Wihlborgs First Half Income From Property Management SEK679 Mln
- WKP LN : Workspace Announces Disposal of 3 Properties for GBP51.9M
- WPP LN : Sorrell Offers MediaMonks Managers Stake in New Group: S. Times