|Weekly Review of Headlines|
While big companies like Siemens (SIEGn.DE) and Bosch have the deep pockets to take a longer-term view about one of Europe’s most lucrative markets, and weather uncertainty about how the divorce will play out, smaller firms are more cautious…Read More
Futures on Wall Street were seen marginally lower ahead of housing and labor market data, while major companies are scheduled to publish Q2 results…Read More
Gold for August delivery closed up 0.9% at $1,331 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices hit $1,310.70 a troy ounce earlier in the session.
European equities plunged on the fourth trading day of the week after a set of UK data disappointed, while the EBC policy meeting is ahead.
“Given the financial fluctuations as a result of Brexit, China will advance the market-based reform of the exchange rate,” Li said.
Britain’s Brexit minister said the country will keep access to the European single market after it leaves the European Union but that the question is whether tariffs will be imposed on goods and services.
Japan is likely to enact further stimulus measures following the victory of the governing Liberal Democratic Party in the 10 July upper house elections, says Fitch Ratings. A decision to roll out a stimulus package by itself is unlikely to trigger rating action, although recurring stimulus over several years risks further undermining public finances.
Anglo American PLC (AAL.LN) on Wednesday reported mixed output for the second quarter with iron ore, coal and platinum output up but diamond and copper output down as it continues to restructure operations amid volatile commodity prices.
The U.K. will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending, according to the EY Item Club.
Japan’s benchmark Nikkei 225 beat its regional peers to close at a six-week high, up 225.46 points, or 1.37 percent, at 16,723.31, with stocks receiving a boost from a relatively weaker yen. The market was closed on Monday for a public holiday.
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