Asian markets did not follow US markets higher on Thursday morning. Naspers’s Hong Kong-listed associate Tencent was down 2% to HK$372.20, ignoring the Nasdaq composite index, which rose 1.17% on Wednesday after US President Donald Trump struck a truce with European Commission president Jean-Claude Juncker.Following their meeting, Trump and Juncker said they had agreed to work to lower tariffs on both sides and to reform the World Trade Organisation. Thursday is a busy day on the results front, with Anglo American, Anheuser-Busch InBev, British American Tobacco and Intu Properties all reporting.It is also a busy day for economic data, with Statistics SA scheduled to release June’s producer price index (PPI) at 11.30am. Other releases from Stats SA on Thursday are May’s export and import unit value indices at 11.30am, and June’s construction materials price indices at 12pm.The European Central Bank is expected to hold its main refinancing rate at zero and its deposit facility rate at...
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