This week also kicks off the US and European quarterly earnings season and includes a summit over the European Union recovery fund and a European Central Bank policy meeting.
Companies listed on the Stoxx 600 are expected to report a 54 per cent drop in second-quarter profit, the worst ever reading for Europe, according to Refinitiv data. While the ECB is not expected to make a major move, European leaders will meet on July 17-18 to hammer out details on the US$750 billion euro recovery fund.
In other company news, Finnish valves maker Neles surged 37.6 per cent and hit a record high after Swedish industrial group Alfa Laval announced a recommended 1.73 billion euro cash bid.
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EMERGING MARKETS-Virus deaths hit Philippine stocks, others rise on China rebound hopesREUTERS
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Hong Kong: Stocks close higher[HONG KONG] Hong Kong stocks finished Monday on a positive note as hopes for a virus vaccine overshadowed concerns about a fresh wave of infections in the financial hub. Read more at The Business Times.
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Hot stocks: Medtecs and UG Healthcare both sink, prompting SGX queriesSHARES of Catalist-listed healthcare players Medtecs International Corporation and UG Healthcare tumbled at around the same time during Monday's afternoon trade, prompting separate queries from the Singapore Exchange (SGX). Read more at The Business Times.
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Hong Kong: Stocks rise at open[HONG KONG] Hong Kong shares opened with gains Monday on fresh hopes for a coronavirus vaccine, while traders were also looking ahead to the start of the corporate earnings season. Read more at The Business Times.
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Stocks to watch: CDL, SATS, ART, Singtel, Cromwell E-Reit, OCBC, SembmarineTHE following companies saw new developments that may affect trading of their securities on Monday: Read more at The Business Times.
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