Todays Markets

Bloomberg: Stock Rally in Asia Peters Out; Dollar Recovers: Markets Wrap
A rally in Asian stocks stalled and U.S. futures pared gains as the Trump administration dented hopes of an agreement with China on tariffs after it said it was negotiating a bilateral trade deal with Mexico. The dollar recovered against major peers. [more...]

Bloomberg: Apple to Embrace iPhone X Design With New Colors, Bigger Screens
Apple Inc. is not only doubling down on the iPhone X, it’s tripling down. The world’s most valuable company plans to launch three new phones soon that keep the edge-to-edge screen design of last year’s flagship, according to people familiar with the matter.  [more...]

Bloomberg: U.S. Stocks Set Records, Peso Rises on Trade Pact: Markets Wrap
U.S. stocks rose to fresh all-time highs and Mexico’s peso rallied versus the dollar as the Trump administration closed a bilateral trade deal with America’s southern neighbor. Treasuries fell. [more...]

Bloomberg: May Signals Brexit No-Deal Not End of World
The U.K. can still make a success of Brexit if it tumbles out of the European Union without a deal, Prime Minister Theresa May said, striking an upbeat tone as the clock ticks down on Britain’s departure from the bloc. [more...]

Bloomberg: As U.S.-China Trade War Grows, Europe Tries to Defuse a Crisis
In the shadow of an escalating trade war, momentum is picking up to protect the World Trade Organization from turning irrelevant. The European Union will host trade ministers from the U.S. and Japan next month in Brussels, according to two officials with knowledge of the meeting.  [more...]

Bloomberg: China Gets Another Shot at Mideast Energy After Total Leaves Iran
Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy assets: abundant and low-cost Middle Eastern oil and gas. [more...]

Bloomberg: GAM Expects to Return Up to 87% of Liquidated Funds to Investors
GAM Holding AG said it obtained approvals to start winding down bonds funds and plans to make the first payments in September after the surprise suspension of a top manager triggered massive redemption requests. [more...]

Bloomberg: Loonie Gains at Risk as Eyes Turn from Nafta to the Bank of Canada

he next few weeks are looking bad for the CAD, even as Canada looks like it’s about to rejoin Nafta talks, according to Toronto-Dominion Bank. The Canadian dollar gained about 0.4 percent after the U.S. and Mexico reached a bilateral deal to revamp the North American Free Trade Agreement. [more...]

Reuters: U.S., Mexico reach NAFTA deal, turn up pressure on Canada
The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. [more...]

Reuters: Turkish lira weakens against dollar, minister warns on sanctions
The Turkish lira weakened on Tuesday as investors weighed up Turkey’s efforts to manage its rift with the United States after Finance Minister Berat Albayrak warned that U.S. trade sanctions against Ankara could destabilise the Middle East. [more...]

CNBC: The US-Mexico trade deal may be bad news for China, experts say
Now that U.S. President Donald Trump has bagged a political victory in the form of a trade deal with Mexico, the country's ongoing dispute with China looks set to drag on, experts said. [more...]

CNBC: US and Mexico reach a trade deal, paving the way to replace NAFTA
The U.S. and Mexico struck a trade deal on Monday that paved the way to replace NAFTA, the current agreement between the two nations and Canada. [more...]