04 June

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Asia tracks Wall St lower as U.S. inflation bets perk up By Reuters

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By Kevin Buckland TOKYO (Reuters) - Asian stocks followed Wall Street lower on Friday as signs of a strengthening U.S. recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus. U.S. Treasury yields jumped, lifting the dollar and hurting tech shares, after better-than-expected employment data overnight raised expectations for a strong reading for nonfarm payrolls on Friday, while a measure of service sector activity climbed to a record high. Japan's Nikkei fell 0.8% early in the Asian session, while MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3%. Chinese blue...

04 June

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Tesla’s China orders halved in May – The Information By Reuters

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(Reuters) - Tesla Inc's vehicle orders in China nearly halved in May, when compared to April, against the backdrop of increased government scrutiny on the U.S. electric carmaker, the Information reported on Thursday, citing internal data. The company's monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April, the report said, sending shares down nearly 5% in afternoon trading. China is the electric car maker's second-biggest market after the United States and accounts for about 30% of its sales. Tesla makes electric Model 3 sedans and Model Y...

04 June

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Australian media fined $840,000 for gag order breach in Pell sex assault case By Reuters

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By Sonali Paul MELBOURNE (Reuters) -An Australian court on Friday ordered a dozen media firms to pay a total of A$1.1 million ($842,270) in fines for breaching a suppression order on reporting the conviction of former Vatican treasurer George Pell for child sexual assault. The 12 media outlets, mostly owned by Nine Entertainment Co and Rupert Murdoch's News Corp, pleaded guilty in February to breaching the gag order on reporting on the trial and conviction of the cardinal, after the state agreed to drop all charges against journalists and editors. Supreme Court of Victoria Justice John...

04 June

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City Developments files for Singapore REIT IPO of UK assets By Reuters

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SINGAPORE (Reuters) - City Developments Ltd said on Friday it has applied to regulators for a potential listing of its U.K. commercial properties via a real estate investment trust (REIT) on the Singapore bourse. IFR reported on Thursday that the IPO could be worth up to S$1 billion ($753 million) with a targeted launch in September. City Developments declined to comment beyond its statement, in which it did not provide a deal value. A successful listing would mark the first REIT initial public offering on the Singapore Exchange this year. The company's CDL Hospitality Trusts, which...

04 June

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Canada shares higher at close of trade; S&P/TSX Composite up 0.03% By Investing.com

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Investing.com – Canada equities were higher at the close on Thursday, as gains in the Utilities, Financials and Telecoms sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.03% to hit a new all time high. The biggest gainers of the session on the S&P/TSX Composite were Descartes Systems Group Inc (TSX:DSG), which rose 6.35% or 4.47 points to trade at 74.94 at the close. Canaccord Genuity Group Inc (TSX:CF) added 5.78% or 0.77 points to end at 14.10 and Tilray Inc (TSX:TLRY) was up 4.69% or 1.07 points to...

04 June

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May Jobs, Powell Speaks, Lululemon: 3 Things to Watch By Investing.com

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By Christiana Sciaudone Investing.com -- Markets closed lower on Thursday even amid good jobs news. The job market appears to be gaining momentum with jobless claims and private job gains data coming in better-than-expected ahead of the nonfarm payrolls report due Friday. Will the Fed start talking tapering at its June 15 meeting…? Financials were higher as investors bet on a favorable backdrop for stocks, with the inevitable steepening in the yield curve as the Fed tightens policy. Energy stocks rose thanks to oil prices, while tech slid. Can we not mention AMC Entertainment Holdings Inc...

04 June

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Lululemon Athletica Earnings, Revenue beat in Q1 By Investing.com

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Lululemon Athletica (NASDAQ:LULU) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Lululemon Athletica announced earnings per share of $1.16 on revenue of $1.23B. Analysts polled by Investing.com anticipated EPS of $0.9012 on revenue of $1.12B. Lululemon Athletica shares are down 8.8% from the beginning of the year and are trading at $325.67 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 4.98% from the start of the year. Lululemon Athletica shares gained 2.60% in after-hours trade the report. Lululemon Athletica follows other major Services...

04 June

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Dow Closes Flat as Traders Await Jobs Friday for Direction By Investing.com

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By Yasin Ebrahim Investing.com – The Dow cut gains to end roughly unchanged Thursday as investors awaited the jobs report due Friday that could intensify bets on the Fed tapering bond purchases sooner rather later. The Dow Jones Industrial Average slipped 0.1%, or 23 points, but had been 265 points down intraday. The Nasdaq Composite slipped 1.03%, and the S&P 500 fell 0.3%. Signs of a recovery in the jobs market continued to take shape as jobless claims and private job gains data came in better than expected ahead of the nonfarm payrolls report due...

04 June

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Banks bulk up in Hong Kong as China business overshadows politics By Reuters

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By Scott Murdoch, Alun John and Kane Wu HONG KONG (Reuters) - Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city's unique position as a financial gateway to China is outweighing concerns about Beijing's tightening grip over it. Goldman Sachs Group Inc (NYSE:GS), Citigroup Inc (NYSE:C), UBS AG and other banks are each hiring hundreds of people in the city this year, adding substantially to their existing ranks. Citigroup, for example, has said it is bulking up...

04 June

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Ackman’s Pershing Square SPAC nearing $40-billion deal with Universal Music Group – sources By Reuters

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By Svea Herbst-Bayliss and Anirban Sen (Reuters) - Billionaire investor William Ackman's blank-check firm Pershing Square (NYSE:SQ) Tontine Holdings is nearing a deal with Universal Music Group that would value the world's biggest music label at nearly $40 billion, two people familiar with the matter said. A deal of that size, if completed successfully, would mark the biggest-ever merger involving a so-called special purpose acquisition company (SPAC), similar in size to the $40-billion deal that ride-hailing giant Grab Holdings clinched in April. Pershing Square Tontine Holding's shares were down nearly 6% at $23.5 a share...

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News

Asia tracks Wall St lower as U.S. inflation bets perk up By Reuters

Tesla’s China orders halved in May – The Information By Reuters

Australian media fined $840,000 for gag order breach in Pell sex assault case By Reuters

City Developments files for Singapore REIT IPO of UK assets By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.03% By Investing.com

May Jobs, Powell Speaks, Lululemon: 3 Things to Watch By Investing.com

Lululemon Athletica Earnings, Revenue beat in Q1 By Investing.com

Dow Closes Flat as Traders Await Jobs Friday for Direction By Investing.com

Banks bulk up in Hong Kong as China business overshadows politics By Reuters

Ackman’s Pershing Square SPAC nearing $40-billion deal with Universal Music Group – sources By Reuters

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