Market Pulse - Asia
Commodities: Crude oil futures at highest since 2014, slip after US inventory data
Commodity futures were trading on the back foot on Tuesday afternoon, but only after crude oil briefly hit its highest mark since late 2014.
China pressures EU for anti-US trade alliance
Brussels is under pressure from China to form an alliance against US President Donald Trump’s aggressive trade policies, according to European officials.
Market buzz: Redburn cynical on Burberry; FTSE shaken to the (Glen)core
1456: JPMorgan Cazenove analysts have highlighted favourite SMID investment opportunities, including Arrow Global, Cineworld, Gulf Marine Services and Vectura.
RBC uncertain on Glencore investment following subpoena
Analysts at RBC Capital said on Tuesday that after being issued a subpoena from the US Department of Justice regarding more than a decade's worth of business practices, the investment case surrounding mining giant Glencore was more uncertain than it had been beforehand.
Asia report: Markets remain muted as investors await US tariffs
Markets in Asia finished mixed on Tuesday, as once again trade concerns between a belligerent Washington and a retaliatory Beijing weighed on investor sentiment.
FX round-up: US dollar jumps as own PMI outstrips rivals
A better-than-expected print on the state of factory sector conditions in the States relative to those in China, the euro area and the UK saw the US dollar climb sharply on Monday.
Commodities: Across-the-board losses after China PMI amid trade concerns
The commodities complex was bathed in red at the start of the week with losses to be seen almost right-across-the-board, amid ongoing trade concerns and sharp gains in the US dollar index.
Asia report: Markets finish lower ahead of US tariffs
Markets in Asia were well into the red on Monday, with trade tensions instigated by Washington and directed primarily at Beijing once again in focus.
Trump reignites trade war threats, says Europe is 'as bad' as China
US President Donald Trump has indicated further trade skirmishes are possible with the European Union, saying the bloc is “as bad” as China regarding their dealings with America.
China Caixin factory sector PMI edges lower in June
A closely-tracked gauge of economic activity in China eased a tad in June, pointing to slightly slower growth in the Asian giant on the back of slower credit growth and trade tensions, economists said.