The Traderszone Network

World stocks snapped a five-day losing streak on Thursday, as Beijing halted a rout in Chinese stocks and the Federal Reserve signaled it might be too soon to raise U.S. interest rates. European bourses and bonds made early gains as strong export figures from Germany and hopes that Greece’s debt negotiations will succeed complemented the overnight rebound in Asia and commodity markets.

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As the Chinese stock market free-fall shows no signs of stopping, some U.S.-based fund managers said the government’s effort to prop up stock values is having the opposite effect, even as some buy at what they consider panic-driven prices. In response, Beijing has cut interest rates and stopped the trading of thousands of stocks, preventing some shareholders from selling their positions in hopes of ending the downturn.

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Honda Motor Co is recalling about 1.63 million more cars in Japan to replace air bag inflators made by supplier Takata Corp, a filing with the Japanese transport ministry showed on Thursday. Globally, Honda is recalling 4.5 million more Takata-made inflators, although North America is not included in this latest recall, said a Honda spokesman. Takata is at the center of the recall of millions of vehicles equipped with air bag inflators which can explode with too much force and spray metal fragments inside vehicles.

Many Wall Street banks are expected to report underwhelming second-quarter results next week, after light bond market activity in the spring worsened into a downturn by June, analysts said. Investor worries spanned the globe last quarter, ranging from fiscal woes in Greece to crashing stock markets in China, to concerns that the U.S. Federal Reserve will not be able to raise interest rates later this year. As the concerns worsened with less certain outcomes, investors pulled back from markets to avoid getting burned, analysts said.

Some large Greek banks may have to be shut and taken over by stronger rivals as part of a restructuring of the sector that would follow any bailout of the country, European officials have told Reuters. One official said that Greece’s four big banks – National Bank of Greece (NBGr.AT), Eurobank (EURBr.AT), Piraeus (BOPr.AT) and Alpha Bank (ACBr.AT) – could be reduced to just two, a measure that would doubtless encounter fierce resistance in Athens.

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South Korea’s Hyundai Motor Co is recalling about 140,000 Sonata mid-sized sedans in the United States and Canada due to potential defects in the front passenger seat belt buckle, the company said on Thursday. …

Bankers responsible for the algorithms that power high-speed trading may come under increased scrutiny as the U.K.’s Financial Conduct Authority considers expanding its conduct rules to wholesale market activities.