Market Pulse - Asia
Asia report: Markets rise as China exports unexpectedly improve
Markets in Asia ended mostly in the green on Thursday, after fresh data from China showed an unexpected increase in the country’s exports in July amid the ongoing trade war with the United States.
Slow motion train crash feared in Italy as Salvini asks for finance minister's head
Italian deputy Prime Minister Matteo Salvini threatened to topple the government in Rome unless the PM, Giuseppe Conte, replaced various cabinet members, including the finance minister.
Goldplat breaks even in H2 as cost-cutting efforts yield results
Gold producer Goldplat broke even in the second half of its trading year as cost-cutting efforts began to bear fruit.
Trump calls Fed incompetent and accuses it of harming US economy
US President Trump on Wednesday accused the Federal Reserve of doing more harm to the US economy than China and urged it to cut interest rates to aid his trade agenda.
Asia report: Markets mixed as RBNZ delivers rate cut surprise
Markets in Asia finished in a mixed state on Wednesday, as traders kept a watchful eye on renminbi amid the ongoing US-China trade war, and New Zealand’s central bank slashed interest rates significantly more than expected.
Commodities: Trade worries hit energy and agriculture futures
Commodity prices were off their best levels of the session in afternoon trading in the States as stocks on Wall Street struggled to find their direction.
FX round-up: Pound steady as traders mull US-China trade, no-confidence vote in Commons
The pound finished a smidgen higher on Tuesday as risk appetite recovered in the wake of the Chinese central bank's decision to rein in the recent slide in the country's currency.
Vivendi in talks to sell 10% stake in Universal Music to China's Tencent
Vivendi has entered into preliminary discussions about the sale of a 10% stake in the Universal Music Group (UMG) to Chinese technology company Tencent.
US wants to reach a trade deal with China, Kudlow tells CNBC
The US President wants to reach a deal with China, but it has to be the right one, a top White House official said.
ECR Minerals buoyed by high grade gold assays from Australian project
ECR Minerals' shares jumped on Tuesday after the company announced the receipt of high grade gold assays from the recently completed rock chip sampling programme at the Timor Gold Project in Victoria, Australia.
North Korea to invest stolen $2.0bn from crypto hacks on WMD programme
Experts at the UN said North Korean cyber agents had illegally raised an estimated $2. 0bn to invest in the country’s development of weapon programs.
Barclays sees even lower yuan in near term
Analysts at Barclays Research revised their forecasts for the Chinese yuan in order to factor in greater weakness.
Asia report: Markets red across the board amid ongoing trade war
Markets were in the red across the board in Asia on Tuesday, as investors continued to react to the escalating trade war between Beijing and Washington.
PBoC sets higher daily yuan fix even after China named 'currency manipulator'
China's central bank acted to avoid further yuan weakness on Tuesday, just hours after the US Treasury labelled the country a "currency manipulator".
China calls for halt to US agriculture purchases, says report
Beijing has instructed its state-owned companies to halt imports of US agricultural products in response to President Trump's fresh tariff proposals on Chinese goods, according to a report from Bloomberg.
PBoC says China will not seek competitive devaluation of yuan
The People's Bank of China said on Monday that the country would not manipulate the value of its currency as a tool in its ongoing trade dispute with the US.
Asia report: Markets lower as Hong Kong tensions continue
Most markets in Asia finished lower on Monday, with Hong Kong’s benchmark index turning in a significant drop, as that part of the region grappled with a general strike amid ongoing political protest.
China lets yuan weaken sharply against US dollar and euro
China let the yuan fall below the pyschological 7. 0 yuan level to the US dollar on Monday, reaching its weakest level in a decade against the Greenback, in response to US President Donald Trump’s latest round of tariffs.
Week ahead: Services PMIs, Chinese price data in focus
The market spotlight over the coming week will revert back to the People's Republic of China, where foreign trade are set for release on Thursday, with readings on consumer and producer level price data for July scheduled for release on the following day.
London close: Stocks pummeled by broadening US-China trade war
Stocks in London finished at their worst levels of the session after the US President announced overnight that starting from 1 September, the US would start to impose a 10. 0% tariff on the $300. 0bn-worth of Chinese exports not yet subject to trade levies.