May 2022 – Page 44 – UAG Trade Asia

Global Gloom Sets European Shares for Worst Week since March

May 6, 2022
Finance
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STOXX 600 set for weekly losses of over 3.5 Europe39;s retail index hits twoyear low All eyes on U.S. nonfarm payrolls report May 6 Reuters European stocks were on course for their worst week in two months on Friday following a carnage on Wall Street as investors feared that bigger interest rate hikes would be […]

May 6, 2022
Finance
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BAowner IAG trades near 1month low Beazley gains on reporting surge in gross premium FTSE 100 down 0.6, FTSE 250 sheds 1.2 Both indexes set for weekly losses May 6 Reuters UK39;s top share index fell on Friday, with British Airways owner leading losses after disappointing results, while a recession warning from the Bank of […]

May 6, 2022
Finance
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BENGALURU, May 6 Reuters Indian shares closed over 1 lower on Friday and registered their worst week since November, as investors fretted that fastpaced interest rate hikes to fight surging inflation would slow global economic growth. The NSE Nifty 50 index was down 1.63 at 16,411.25 at close, with most of its subindexes in the negative […]

May 6, 2022
Finance
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May 6 Reuters The Russian rouble hit a more than twoyear high against the euro before easing on Friday and hovered near 67 versus the dollar, supported by capital controls and weak forex demand, as the spectre of more sanctions against Moscow hung over markets. The European Union39;s executive on Wednesday proposed the toughest package […]

May 6, 2022
Finance
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U.S. stock futures down 0.29 European stocks heading for worst week in 2 months MSCI Asia exJapan index drops 2.69 Oil jumps 2 LONDON, May 6 Reuters U.S. stock futures were indicating a lower open on Friday following a slide in the previous session on U.S. rate hike expectations, though the rate outlook briefly drove […]

May 6, 2022
Finance
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LONDON, May 6 Reuters The dollar edged down on Friday but remained near 20year highs against major peers, while the euro jumped on European Central Bank members talking up a return to positive rates this year. The safe haven greenback has broadly strengthened in recent weeks in response to global recession fears, and on bets […]

May 6, 2022
Finance
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SHANGHAI, May 6 Reuters The yuan39;s slump has triggered a scramble by Chinese companies to hedge against the risk of further depreciation, which analysts say could add downward pressure on the currency. The yuan39;s 4 tumble in April, its steepest monthly drop since foreign exchange reforms of 1994, is being driven by portfolio outflows, a […]

Gold Technical Forecast: XAU Nears Major Support. Will Bulls Pounce?

Gold prices fell last week but trimmed losses late in the week. Bulls may attempt to drive higher next week, but the technical situation doesn’t appear poised to sustain a rally.

May 6, 2022
Business
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SAO PAULO, May 5 Reuters Brazilian steelmaker Gerdau SA on Thursday reported firstquarter net profit roughly in line with market expectations as weaker results in Brazil were offset by an improvement in North America. Gerdau39;s net income reached 2.94 billion reais 597.96 million, down 17 from the previous three months but up 19 year on year. […]

May 6, 2022
Business
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May 6 Reuters Holiday Inn owner IHG said on Friday that pentup demand and more hotel stays during the U.S. Spring Break lifted occupancy rates and prices, raising its revenue per room closer to prepandemic levels in the first quarter. As occupancy levels rise and due to the strength of our brands, our hotels are […]

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Global Gloom Sets European Shares for Worst Week since March

FTSE 100 Slides on Economy Worries, Weak IAG Results

India Shares Post Worst Week since Nov on Concerns over Rate Hikes

Rouble Eases from over 2Year High vs Euro

U.S. Rate Outlook Hits Stocks, Propels Dollar to 20Y Highs

Dollar near 20Year Highs, Euro Jumps on ECB Rate Rise Talk

Spike in Corporate Hedging Weighs on Slumping Yuan

Gold Technical Forecast: XAU Nears Major Support. Will Bulls Pounce?

North American Unit Shines as Brazils Gerdau Posts 598 mln Profit in Q1

Holiday Inn Owner IHG Finds Rebound Key over Spring Break

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