China and the US held candid, in-depth and constructive exchanges, CCTV reports
The reported candid and constructive exchanges between the US and China could signal a potential easing of trade tensions, which has market implications for risk appetite.
Tencent (700 HK): Q1 2026 (CNY): Revenue 196.46bln (exp. 199.39bln), Net 58.09bln (exp. 47.82bln), Adj. Net 67.9bln (exp. 67.8bln), Operating Profit 67.4bln (exp. 65.7bln)
PM will hold a limited security discussion tonight, Israeli journalist Stein reports
China and the US held candid, in-depth and constructive exchanges, CCTV reports
IEA OMR: world oil supply to fall by 3.9mln bpd in 2026 assuming Strait of Hormuz flows gradually resume from June (prev. forecast 1.5mln bpd fall); Sees total world oil supply 1.78mln bpd lower than demand in 2026 (vs. prev forecast 0.41mln bpd higher)
Nissan Motor (7201 JT) - FY25/26 (JPY): Net -533bln (prev. -671bln Y/Y), Operating Income 58bln (prev. 69.8bln Y/Y), Revenue 12tln (prev. 12.6tln Y/Y), does not plan FY26 dividends, sees positive auto FCF in H2; announces JPY 240bln impairment loss
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If negotiations show signs of progress, we might see improved sentiment in equity markets and potentially a stronger yuan, while sectors sensitive to trade could react positively. However, the durability of this sentiment will depend on tangible outcomes from these discussions.
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