Asian equities rose on Thursday as investors assessed corporate profits and anticipated central bank meetings next week.

However, U.S. futures fell after Netflix and Tesla reported poor earnings.

China’s yuan rose after officials changed cross-border funding laws and large state-owned banks sold dollars to support the currency.

European stock markets were expected to open lower, with Eurostoxx 50 futures down 0.16%, German DAX futures down 0.11%, and FTSE futures down 0.13%. MSCI’s broadest Asia-Pacific index outside Japan rose 0.23%, ending its three-day losing skid.

Nikkei fell 1.1%. Sterling was last at $1.2944, up 0.05% for the day, after falling 0.7% on Wednesday.

Soft economic data has dragged on China stocks in recent weeks, as investors await real intervention to boost the country’s sluggish post-pandemic recovery.

The Shanghai Composite Index fell 0.33% and the Hang Seng Index rose 0.26%.

Netflix and Tesla reported second-quarter revenue below analyst projections, while the onshore yuan rose as the central bank eased a cross-border finance rule.

Strong domestic jobs data lifted the Australian dollar 0.86% to $0.683.

Chicago wheat futures rose 1.4% to a three-week high on concerns that an attack on Ukrainian ports following Russia’s pullout from a Black Sea export accord would hurt world supplies.