Market Pulse - Asia
Yellen says Forex intervention only warranted in 'rare circumstances' - WSJ
The head of the US Treasury Department showed reluctance to intervene in foreign exchange markets in support of the yen.
Asia report: Chinese tech firms lead slide in Hong Kong
Stock markets in Asia closed in a mixed state on Monday, with Hong Kong’s bourse tumbling almost 3% as Chinese technology plays slid.
Chinese producer price inflation eases in June, but CPI gains accelerate
Factory gate inflation in the People's Republic of China cooled last month, but continued accelerating at the consumer level.
Too soon to position aggressively for interest rate cuts, BofA says
Strategists at BofA Securities highlighted the recent "big rotation" into technology issues, those of the biotechnology sector in particular.
Berenberg downgrades Rio Tinto to 'sell', expects downside surprise in 1H results
Analysts at Berenberg downgraded their rating on shares of Rio Tinto from 'hold' to 'sell', telling clients that they believed there was more downside in the shares.
Shell moves to derecognise Sakhalin-2 LNG volumes
Shell guided towards lower second quarter liquid natural gas liquefaction volumes after Russia moved to take over the Sakhalin-2 gas and oil project in the country's Far East.
Berenberg still in 'sell the rally mode', recommends stagflation hedge strategy
Equity strategists at Berenberg recommended investors stick with a stagflation hedge strategy.
Biden administration said to be mulling partial roll back of US trade tariffs on China
The Biden administration is expected to announce a partial roll back of US trade tariffs on Chinese goods exports as soon as this week.