*All You Need To Know Going Into Trade On August 28*

👉Asian stocks extended Monday’s advance after U.S. equities climbed to fresh all-time highs, as the Trump administration sealed a bilateral trade deal with Mexico.

👉Stocks in Japan, South Korea and Australia all followed their U.S. counterparts higher after President Donald Trump unveiled details of the agreement that he says will replace Nafta.

👉The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, traded 0.24 percent higher at 11,751.50

*US MARKET*

👉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 neighbour.

👉The yield on 10-year Treasuries was little changed at 2.85 percent

*EUROPE MARKET*

👉European shares climbed on Monday, after German business confidence rose for the first time in nine months and remarks by Federal Reserve Chairman Jerome Powell, indicating little need for aggressive policy tightening, buoyed sentiment. The U.K. market remained closed for a public holiday.

*ASIAN MARKET*

👉The MSCI Asia Pacific Index rose 0.4 percent.
👉Topix index rose 0.6 percent.
👉Kospi index rose 0.5 percent.
👉Australia’s S&P/ASX 200 Index rose 0.3 percent.
👉Futures on the S&P 500 Index rose 0.1 percent to 2,902.00.

*COMMODITY*

West Texas Intermediate crude rose 0.4 percent to $69.12 a barrel.

Brent crude traded 0.3 percent higher at $76.46 per barrel.

Gold rose 0.1 percent to $1,212.49 an ounce.

LME copper rose less than 0.05 percent to $6,107.50 per metric ton.


*Here are the key events to watch out for this week*

👉Earnings due for companies including Canada’s largest banks, China Construction Bank Corp., ICBC, Pernod Ricard and Dollar General.
👉China’s official factory PMI figures are due on Friday.
👉The U.S. economy probably grew in the second quarter at a slightly slower pace, economists predict ahead of Wednesday’s report.
👉Bank of Korea sets policy on Friday. Weak jobs growth has cooled speculation of an interest-rate increase

*Stories You Might’ve Missed*

👉Trump said he will end Nafta after reaching new deal with Mexico.
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👉Toyota invests $500 million in Uber to get self-driving cars on the road
👉Facebook and Google chase a new $1 trillion
payments market
👉Criminal enterprise to blame, says ecologist who foresaw Kerala floods
🤔Stuck housing projects of $66 billion weighing down India realty
Warren Buffett prepares to sign into Paytm.
👉India’s growth indicators show animal spirits very much alive
India, Pakistan plan talks over water disputes.
👉#HimToo: Read down Section 377, don’t delete it entirely.
👉The maker of the AK-47 is entering the electric car market.
👉How to win a $190,000 Rolex at auction and pay no buyer’s premium

*STOCK TO WATCH*

➡ *Jet Airways* indicated that they are considering strategies for a turnaround. The board also considered various cost cutting measures, debt reduction and funding options, including infusion of capital, monetisation of assets including the company’s stake in its loyalty programme.

➡ *Adani Power*
 will take over about Rs 3,800 crore of loans out of total Rs 5,800 crore that its unit GMR Chhattisgarh Energy owes, said people requesting anonymity. The company will also assume non-funded liabilities of about Rs 1,400 crore of its energy arm. A deal is likely to be announced in the next few weeks after lenders give a formal approval, Bloomberg reported.

➡ *JBF Industries* board approved debt restructuring plan for its subsidiary JBF Petrochemicals. KKR Jupiter Advisors has agreed to buy out a 100 percent stake in the petrochemicals arm. The total debt of $464 million in JBF Petrochemicals Ltd. will now no longer be consolidated in the accounts of JBF Industries Ltd.

➡ *Lanco Infratech*
got liquidation order from NCLT Hyderabad. The tribunal rejected Thriveni Earthmovers plea to consider its bid. The resolution professional has filed a plea for liquidation. The total o