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ASIA
The major stock exchanges in the Asia-Pacific region ended on Tuesday, after investors saw the profits of US-friendly companies better than expected.
announces that China has promoted fiscal action to support the second largest economy in the world, while stellar results of the Internet Alphabet giant have supported the technology sector in general. Google's main source, Alphabet, jumped after the company reported the biggest profits and revenues in the second quarter.
Facebook and Amazon are expected to announce business results on Wednesday and Thursday, respectively. Global bonds remained under pressure from speculation that the Bank of Japan could soon reduce its mbadive stimulus package. In China, government bond yields rose and the extraterritorial yuan reached its lowest level in a year after the Chinese government announced that it would pursue a more vigorous fiscal policy.
"Investors see the bright side, what we are seeing is a cautious immersion in the market, driven primarily by a positive sentiment on the US corporate earnings front," said economist Song Seng Wun. CIMB Private Banking.
Shaken overnight after reports that the Bank of Japan could change its stimulus policies. US Treasury yields held at 2.951% Tuesday morning in Asia, after falling to 3% Monday.
Japan's 10-year bond yields have remained around 0.081% The increase in treasury bill yields has generally been bad news for emerging markets in Asia, where countries often have significant reserves of dollar denominated debt. The dollar index, which tracks the US dollar against a basket of six major currencies, was reaffirmed at 94,717. Against the yen, the dollar traded at 111.18 at 15.37 local time in Hong Kong.
The Tokyo Stock Exchange closed Tuesday, after three consecutive days of decline, as investors. They went in search of good deals against the depreciation of the yen against the dollar and upbeat reports about the Chinese economy.
[2191907] EUROPE
The main European stock markets opened on Tuesday after an apparent calm in the tariff dispute between the United States and their trading partners, while investors focus on corporate earnings with optimism.
Motor companies have the opportunity to recover from losses in recent months, mainly under the threat of new rates. Peugeot's results in the first half have far exceeded market expectations, thanks to the fruits of Opel's integration, and its market share exceeds even 10%.
Another positive factor is the results that left yesterday on Wall Street after the market closed, including those of Alphabet (Google), whose shares rose in the market after a few hours after announcing a net profit of $ 12 billion in the first half. As for the trade war, everything is still so stuck but the good news this morning is that there is no new news that can disturb investors. The meeting between Donald Trump and Jean Claude Juncker is expected, a transcendental nomination could lead to a kind of agreement that would reduce tariffs, especially for US imports of vehicles made in Europe.
Also influenced early in the session, the package of measures that the Chinese authorities have activated to boost domestic demand, lifting restrictions on the issuance of financial obligations for SMEs by banks and offering incentives. tax cuts on spending in industry and development.
at the opening of the session, the euro lost ground against the dollar and traded at 1.1670. The Stoxx Europe 600 index, which includes the top 600 companies listed on the equity markets of 18 European countries, rose 0.21% to 386.16 in London at 08.15am. ]
EE.
Alphabet shares are about to open a new record this morning, after second quarter earnings have broken expectations, easing fears of an immediate impact of new European rules on life private.
] Google's parent company reported a net business turnover of $ 3.2 billion for the quarter after Monday's closing bell, which equates to $ 4.54 per share, after publishing a record antitrust fine outside of Europe. with his software for Android phones.
Without the fine, Alphabet reported a profit of $ 11.75 per share, the company said, well above the average badyst estimate of $ 9.66 per share.
] Alphabet reported revenue of $ 26.24 billion after taking into account the costs of acquiring traffic, more than the average badyst estimate of 25.58 billion Meanwhile, its category 'Other income', which includes its sales of hardware and business in the cloud and is particularly important for investors looking for the future of Google beyond the advertisements, has reached 4,400 million dollars, an increase of 36.5% from one year to the next.
Alphabet (NASDAQ: GOOGL) shares rose 3.7% in pre-market trading to a record $ 1,249.80. 19659003] The busiest week of the second quarter earnings season continues today, when 24 members of the S & P 500 report the results.
Harley-Davidson (NYSE: HOG), Verizon (NYSE: VZ), Lockheed Martin (NYSE: LMT), 3M (NYSE: MMM), United Technologies (NYSE: UTX) and Biogen (NASDAQ: BIIB) present before the opening bell.
Harley's results will be closely followed for any further comment on the company's decision last month to tr some of its motorcycle manufacturing abroad due to the rates imposed by the company. 39; EU.
After closing, AT & T (NYSE: T), Texas Instruments (NASDAQ: TXN) and iRobot (NASDAQ: IRBT) are
AT & T profits will spark interest from those seeking updates on its merger with Time Warner, which was approved by regulators in June but quickly appealed by the Department of Justice. US Futures US UU They pointed to greater openness, as investors eagerly awaited another wave of corporate earnings.
At 5:40 am AND, Dow Blue futures are up 95 points, about 0.4%, S & P 500 futures are trading at 6 points, about 0.2%, while Nasdaq 100 futures are a gain of 13 points
On the other hand, in Europe, most of the main stock markets in the region have risen, the profits of the UBS group (SIX: UBSG) and other banks that have contributed Previously, the shares of Shanghai dominated Asia, after the Chinese cabinet had declared that it would seek a more vigorous fiscal policy and that operators opt for greater relaxation in the sector.
Shanghai's blue chips rose 1.6% at one month or less, government bond yields rose and the extraterritorial yuan reached its lowest level in a year.
shares, the US dollar UU little changed, amid expectations that the Federal Reserve would persist with its rate hikes this year.
The US dollar index, which measures the strength of the greenback versus a basket of six major currencies, remained stable 94.39
On the other hand, in the bond market, prices US Treasury. UU rose, pushing yields down, with the 10-year benchmark falling to around 2.95%, while the Fed-sensitive 2-year bill was close to 2.63%.
The US dollar has remained strong despite criticism from President Donald Trump on the impact of the strong dollar and Federal Reserve rate hikes in the economy.
On the data side, reports will be published on FHFA House Prices, Markit Economics Manufacturing Activity in July and Richmond's Latest Manufacturing Index
Bitcoin prices continued to rise. increase, still rising above the $ 8,000 level the first time since mid-May, amid a string of positive regulatory news around the world.
Prices for the world's largest digital currency were around 3.6%, or $ 286, at $ 8,000.30 in Bitfinex Exchange, a level last seen on May 22nd.
Meanwhile, Ethereum, the second largest cryptocurrency in the world by market capitalization, rose 1.7% to $ 471.32.
MARKET
[1945901]
PETROLEUM
Oil prices climbed on Tuesday, slightly supported by underlying tensions between the United States and the United States. Iran that could further affect global market supply
Oil market observers are waiting for weekly data from the US oil inventory. UU of the American Petroleum Institute, released later Tuesday, as well as official data from the Energy Information Administration on Wednesday.
Prior to this information, Intermediate West Texas Intermediate CLU8, cited in the United States. United States, + 0.56% rose 38 cents, or 0.5%, to 68.27 dollars a barrel. The contract fell 5.8% so far this month
September Brent Brut LCOU8, + 0.05% rose 15 cents, or 0.2%, to 73.20 dollars a barrel. 19659003] The global benchmark rose to an aborted trading session so far this week, pushing it to a point at over $ 74 on Monday, after posting its third consecutive weekly decline until the end of the week. to Friday.
] (The Wall Street Journal, Finviz, Investing, Markets Insider, 20 minutes, Business Recorder, Valora Analitik).
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