Bond funds enjoyed the largest inflows in three weeks at $12.7 billion in the week to Wednesday with investors putting a record amount of $3.2 billion into Treasury Inflation-Protected Securities, BofA said on Friday.
Weyerhaeuser Co (WY): * FOR REAL ESTATE, ENERGY & NATURAL RESOURCES SECTOR, COMPANY EXPECTS ADJUSTED EBITDA WILL BE COMPARABLE TO Q3 2020. * WEYERHAEUSER REPORTS RECORD SECOND QUARTER RESULTS. * Q2 EARNINGS PER SHARE $1.37. * Q2 EARNINGS PER SHARE ESTIMATE $1.41 -- REFINITIV IBES DATA. * Q2 SALES $3.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.09 BILLION.
European stocks fell from record highs on Friday as concerns about the fast-spreading Delta variant and regulatory actions in China outweighed optimism around quarterly earnings season and an economic recovery. The pan-European STOXX 600 index fell 0.8% by 0714 GMT, with Asian shares set for their biggest monthly drop since the height of global pandemic lockdowns last March.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. German government bond yields were set for their biggest monthly fall since January 2020 on Friday, in a steady market as investors eyed inflation data for the bloc. Fears that economic recovery was peaking and may not be as strong as expected drove bond yields sharply lower across the world in July.
North Korea's economy suffered its biggest contraction in 23 years in 2020 as it was battered by continued U.N. sanctions, COVID-19 lockdown measures and bad weather, South Korea's central bank said on Friday. The Bank of Korea gives the most reliable estimates of economic output in the reclusive North, but other experts said the situation could be even worse.
A look at the day ahead from Karin Strohecker. We are almost at the end of a pretty breathless month: The peak growth versus peak inflation debate got a fresh lease of life thanks to Delta variant surges, a cooling of commodities' red-hot rally and of course, Beijing's big regulation crackdown.
AUDI AG: * H1 REVENUE TOTALS EUR 29.2 BILLION, OPERATING PROFIT EUR 3.1 BILLION, OPERATING RETURN ON SALES 10.7 PERCENT, PROFIT BEFORE TAX AMOUNTS TO EUR 3.9 BILLION. * H1 STRONG NET CASH FLOW: EUR 5.5 BILLION. * BEST FIRST HALF-YEAR IN AUDI'S HISTORY WITH 981,681 VEHICLES DELIVERED TO CUSTOMERS.
A look at the day ahead from Karin Strohecker. Actually, those obstacles did little to keep equity markets from sailing to record highs across multiple regions on Thursday. Reassurances from Beijing's regulators and official media have also helped but not enough to make for a quiet Friday, with markets having a bit of a wobble.
* Brent, WTI both on track for over 1% weekly gains. * Vaccines likely to mitigate Delta's impact on demand -analysts. By Sonali Paul and Koustav Samanta. Oil prices fell on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.
IAG said summer capacity would rise to 45% of pre-pandemic levels from 22% in the previous quarter, in the latest sign that a travel recovery is underway, although the British Airways-owner said significant uncertainty remained.
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