FinSentS Weekly Recap

Weekly Review of Headlines
● China Commerce Minister: G20 seeks to enhance trade growth in face of protectionism – Rtrs

“The global recovery continues, but it remains uneven and falls short of our ambition for strong, sustainable and balanced growth. Downside risks and vulnerabilities persist,” the ministers said in a joint statement…Read More

● European Stocks Slip, With Travel Shares Down After Deadly France Terror Attack – MarketWatch

The Stoxx Europe 600 SXXP, -0.17% shed 0.2% to close at 337.92, partly erasing a 0.8% advance from Thursday…Read More

● US Bonds Hold Steady Ahead Of Inflation Data – CNBC

The 10-year note yielded 1.55 percent, and the 30-year note yielded 2.26 percent, as the dollar spiked against the Turkish lira.

● Nintendo Shares Jump 9.5% On Pokemon GO Phenomenon – RTRS

Shares in Nintendo Co jumped as much as 9.5 percent in early trade on Thursday, powered by ongoing hopes for its new Pokemon GO mobile game, which has become an instant hit after just over a week on the market in three countries.

● Gold prices slip, on track for first weekly decline since May – Financial Express

Gold fell early on Friday on a firmer dollar and surging Asian shares and was set for its first weekly decline since May, after dipping to a two-week low in the previous session.

● Moody’s: Australian banks face rising challenges

Moody’s Investors Service says that Australian banks are facing a growing number of headwinds due to increasing household leverage and persistently low interest rates, which are increasing the banks’ sensitivity to shocks.

● EU Commission cuts euro zone, UK growth forecasts after Brexit vote – Rtrs

The Commission has previously forecast British economic expansion this year and next of 1.8 and 1.9 percent respectively.

● EU Banks Need $166 Bln, Deutsche Bank Economist Tells Welt – BBG

Europe urgently needs a 150 billion-euro ($166 billion) bailout fund to recapitalize its beleaguered banks, particularly those in Italy, Deutsche Bank AG’s chief economist said in an interview with Welt am Sonntag.

● Base Metals Edge Higher, Chinese Data Lends Support – Fast Markets

China’s second-quarter GDP growth at 6.7 percent was in line with the first quarter but above market forecast of 6.6 percent.

● S&P 500, Dow end at records on earnings optimism – Rtrs

JPMorgan (JPM.N), the biggest U.S. bank by assets, reported stronger-than-expected quarterly revenue, sending its shares up 1.5 percent into the close and boosting the S&P financial index .SPSY 0.89 percent.

 

Stock Information
● $BBL

AU Brisbane Broncos player allegedly filmed taking cocaine #BRISBANE BRONCOS LTD #ASX2000 More Details

● $HRS

US Harris Corp. (HRS) Position Increased by Geode Capital Management LLC #HARRIS CORP #SP500 More Details

● $SCI

SP Singapore Market Looks To Shrug Off Technical Glitch #SEMBCORP INDUSTRIES LTD #STI30 More Details

● $WMB

US Williams : extends deadline for nominating board of directors candidates #WILLIAMS COS INC #SP500 More Details

● $PPS

AU Is fintech company Praemium Ltd a star buy? #PRAEMIUM LTD #ASX2000 More Details

● $UHR

VX Swatch : 1st Half Sales Decline 12% on Weaker Demand in Key Markets #SWATCH GROUP AG #STOXX600 More Details

● $NVAX

US Teachers Advisors Inc. Boosts Position in Novavax Inc. (NVAX) #NOVAVAX INC #NASDAQ More Details

● $BN

FP Danone : Dannon to Join GMO Labeling Effort–2nd Update #DANONE #STOXX600 More Details

● $IILG

US UPDATE: MKM Partners Upgrades Interval Leisure Group (IILG) to Buy #INTERVAL LEISURE GROUP #NASDAQ More Details

● $3988

HK Banks to lift their risk game #BANK OF CHINA LTD #APEX50 More Details

 

InfoTrie News
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