April 2021 – Page 21 – UAG Trade Asia

BoC Worries High Housing Prices could Boost Vulnerabilities in Downturn

April 21, 2021
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OTTAWA, April 21 Reuters The Bank of Canada on Wednesday said it feared high housing prices could result in stretched borrowing and lending, leaving some households and financial institutions vulnerable to an economic downtown. National resales have hit record highs amid the COVID19 pandemic while inventories of existing homes are at record lows, with demand […]

April 21, 2021
Business
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Reuters Lithia Motors Inc topped Wall Street estimates for firstquarter profit on Wednesday as the auto retailer benefited from strong demand and higher vehicle prices. A global semiconductor chip shortage has created a supply crunch and forced automakers to raise prices, a move that is aiding earnings for the sector. Lithia said its total vehicle […]

April 21, 2021
Finance
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LONDON, April 21 Reuters Supplies of copper scrap will jump this year due to decade high prices, but are unlikely to come fast enough to meet robust demand, leaving shortages that are expected to trigger stock draws and further price gains. Copper prices around 9,400 a tonne are close to 9,617 hit in February, the […]

April 21, 2021
Finance
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LONDON, April 21 Reuters Foreign investors relatively high exposure to Russian equities and the sectors heavy focus on energy could add to pressure on the countrys stocks, which have struggled to weather recent political storms, analysts said. Russias MSCI equity index has crept some 3 higher since the start of the year, not too far […]

April 21, 2021
Business
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BERLIN, April 21 Reuters Belgian software startup Deliverect, which connects delivery companies to restaurants, said on Wednesday it had raised 65 million from investors to invest in growth after clocking up a total of 1 billion in orders processed. Deliverect serves UberEats, Deliveroo, Doordash and Just Eat Takeaway, and the Series C fund raising comes […]

April 21, 2021
Finance
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April 21 Reuters Londons FTSE 100 rebounded from a 2 fall in the previous session to edge higher on Wednesday as commodity stocks gained, while Just Eat Takeaway.com slipped to the bottom of index following Uber Eats plan to foray into the German market. The bluechip index rose 0.4, with oil majors BP Plc and […]

April 21, 2021
Finance
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HONG KONG Reuters Hong Kongbased online brokerage Futu Holdings Ltd has raised 1.24 billion by selling new shares at 130 a piece to help expand its margin financing business, two people with direct knowledge of the matter told Reuters. The price was set on Wednesday in Hong Kong, the people said, after the stock collapsed […]

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BoC Worries High Housing Prices could Boost Vulnerabilities in Downturn

Auto Retailer Lithia Motors Profit Beats on Strong Demand

Record Copper Scrap Flows this Year wont Plug Deficit

Politics Cast a Long Shadow over Russian Stocks

Deliverect Connects to Delivery Boom with 65M Funding

FTSE 100 Rises on Boost From BP, Shell

Brokerage Futu Raises 1.24B to Cash in on Margin Lending

British Pound Technical Analysis: GBP/USD, GBP/JPY

Copper Price Forecast: Bullish Breakout Pacing Towards Yearly High

DAX 30 & CAC 40 Technical Forecast: Pullback Has Support in Play

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