Market Pulse - Asia
Riyadh pulls Saudi Aramco IPO - Report
Saudi Arabia has pulled plans for a domestic and international listing of state-owned oil giant Saudi Aramco, Reuters reported, citing four industry sources.
Asia report: Markets mixed amid US political developments
Markets in Asia finished in a mixed state on Wednesday, as investors held their breath ahead of trade talks between Washington and Beijing later in the week.
Commodities: WTI in focus on Venezuela crisis, gasoline higher despite SPR release
Commodities were seeing nearly across-the-board gains on Tuesday, after the US president accused China and Europe of manipulating their currencies.
Asia report: Markets finish higher as China seeks looser lending
Markets in Asia ended mostly higher on Tuesday, after China’s banking regulator put pressure on the country’s financial institutions to up their domestic lending.
FX round-up: US president says China, Europe manipulating their currencies
Accusations from the US President that China and Europe were manipulating their currencies are weighing on the value of the US dollar in early afternoon trading on Tuesday, at least against that of the currencies of its major trading partners.
Asia report: Most markets higher as trade sentiment improves
Markets in Asia were mostly higher on Monday, taking their lead from a solid session on Wall Street on Friday, after reports late last week that officials from both Beijing and Washington were working on proposals to end an ongoing trade spat between the two nations.
TBC Bank posts sharp jump in profits, hails strong economy
Georgia-focused lender TBC Bank posted a sharp improvement in its profits after tax for the second quarter of 2018, thanks to a to big reduction in its cost base, even as it positioned itself for potential upside from a recovery in the economy of neighbouring Azerbaijan.
S&P downgrades Turkey's long-term debt from 'BB+' to 'B-'
Standard&Poor's downgraded the rating on Turkey's long-term sovereign debt on Friday on the back of the "extreme" volatility in the value of its currency over the past two weeks, which was expected to result in an economic recession in 2019 even as it leads to a "considerable increase" in funding risks for the country's lenders.
Sector movers: Commodities lead the fall, investors rotating into defensives
London stocks could not hold onto early gains on Friday to slip into the red, as most major miners and oil giants rumbled lower.
Asia report: Most markets rise on positive trade sentiment
Most markets in Asia finished in the green on Friday, taking their leads from a decent session on Wall Street overnight amid developments in the ongoing US-China trade dispute.
BofA-ML retains bearish stance ahead of 10-year commemoration of Lehman Bros. crash
Investors are already positioned 'bearishly', but that potential positive for financial markets was likely to be swamped by the recent peaks in corporate profits and economic stimulus, strategists at Bank of America-Merrill Lynch cautioned.
Chinese bombers training to hit US targets, says Pentagon report
China’s air force is "likely" training for bombing strikes against the US and its allies, according to a Pentagon report released on Thursday.
Bonds: Traders unfazed by weak data, wary of easing tensions in EM FX
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
FX round-up: Chinese yuan, Turkish lira steady against US dollar
Sterling edged higher on Thursday, joining in the more steady tone to risk appetite in markets generally.
Commodities: Base metals bounce, but analysts still wary about Turkey
News that Beijing and Washington were moving openly to restart trade talks and that Chinese officials were reining in the ability of the nation's banks to facilitate short-selling the yuan buoyed the commodities complex on Thursday.
Asia report: Most markets lower as China, US agree new round of talks
Almost all bourses in Asia were in the red on Thursday, though many saw early steep losses pare back later in the day as Beijing confirmed it was preparing for a fresh round of trade talks with Washington.
Commodities: Base metals prices dive on EM, China concerns
A mix of US dollar strength, weak Chinese data and worries that the Turkish currency crisis might have a 'knock-on' effect on growth in other emerging markets saw a wave of selling hit markets, leaving Bloomberg's commodity index just off a fresh 52-week low.
Sector movers: Miners hit again as traders wait for other shoe to drop in EM
The roof is caving in on miners again on Tuesday, amid fears that the recent rout in Turkish assets presages weakness in other emerging market economies.
Tencent reports unexpected decline in profits
Tencent shares were in the red on Wednesday as lower investment gains in the second quarter led to a drop in profits at Asia's most valuable tech firm.
Asia report: Most markets come under mid-week pressure
Markets in Asia finished mostly lower on Wednesday, as most major trading currencies in the region gave up further ground against the dollar, which itself was holding its ground against the lira amid a currency crisis in Turkey.