July 2022 – Page 19 – UAG Trade Asia

Tobacco Group Swedish Matchs Profit Narrowly Beats Estimates

July 22, 2022
Business
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STOCKHOLM, July 22 Reuters Swedish Match, which is the target of an agreed 16 billion bid by Philip Morris International Inc, on Friday reported secondquarter operating profit just above market expectations, aided by growth in the United States. Operating profit rose to 2.23 billion Swedish crowns 22.47 million from 1.96 billion a year earlier. Analysts […]

July 22, 2022
Business
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LONDON, July 22 Reuters Lloyd39;s of London insurer Beazley on Friday reported firsthalf profits fell on hits to its investment portfolio from market volatility, but raised its fullyear profitability guidance on an increase in cyber risk premiums. Beazley, a major cyber insurer, said it now expects its combined ratio a measure of an insurer39;s profitability to […]

July 22, 2022
Finance
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STOXX 600 set to rise almost 3 this week Defensive sectors lead gains Euro zone PMIs unexpectedly contract in July Danske banks slips on axing dividends July 22 Reuters European shares were set to notch their best week in two months on Friday as concerns over an energy supply crunch eased, bringing some calm to […]

July 22, 2022
Finance
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Rates as of 0500 GMT Market Recap A confusing day! European stock markets were mixed, US stocks higher, and Asian stock markets mixed today too none up too much, none down too much. Yet the FX market showed a distinctly riskoff pattern more consistent with a deep rout in equities. The safehaven JPY, CHF, and […]

July 22, 2022
Finance
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Beazley jumps after outlook raise UK retail sales slip in June Consumer mood stuck at record low GfK survey Pound down 0.5 against the dollar FTSE 100 up 0.3, FTSE 250 adds 0.2 July 22 Reuters UK39;s exportsheavy FTSE 100 rose on Friday as the sterling weakened and oil stocks jumped, while insurer Beazley topped […]

July 22, 2022
Finance
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LONDON, July 22 Reuters The pound fell against the dollar on Friday as fresh data fuelled worries about a slowdown in a UK economy that is grappling with inflation at a fourdecade high. Britain39;s businesses grew at their slowest pace in 17 months in July and inflation pressures eased, according to an industry survey on […]

July 21, 2022
Politics
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All rates rise by 50 basis points Inflation to stay 39;undesirably39; high ECB backs 39;antifragmentation39; tool called TPI ECB 39;can go big39; on that, Lagarde says FRANKFURT, July 21 Reuters The European Central Bank raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about growth, even while the […]

July 21, 2022
Politics
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BENGALURU, July 21 Reuters The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornlyhigh inflation as the likelihood of a recession over the next year rises to 40, a Reuters poll of economists found. Inflation hit 9.1 in June, […]

Bitcoin Prices Stall Despite Weak US Dollar as China Risk Lingers

Bitcoin prices stalled after narrowly rising above resistance despite a softer US Dollar. Meanwhile, China continues to grapple with Covid as Australian PMIs show slower economic growth.

July 21, 2022
Oil
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BERLIN, July 19 Reuters Gas through the Nord Stream 1 pipeline showed a rise in flows late on Tuesday ahead of the scheduled end of annual maintenance on Thursday, as the operator carried out pressure tests. Hourly flows through the pipeline, the main source of natural gas fuelling Europe39;s largest economy, Germany, have been at […]

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Tobacco Group Swedish Matchs Profit Narrowly Beats Estimates

Beazley Reports Profit Plunge, Raises Outlook on Booming Cyber Business

European Shares Set for Best Week in Two Months Despite Volatility

Safe havens Up, EUR Down on ECB confusion; Preliminary PMIs

Weaker Pound, Oil Stocks Support FTSE 100; Beazley Jumps

Sterling Slips Against Dollar as Data Shows Economic Squeeze

ECB Hikes Rates more than Flagged in Race to Tame Inflation

Fed to Stick to 75 bps Hike in July; 40 Chance of Recession

Bitcoin Prices Stall Despite Weak US Dollar as China Risk Lingers

Gas Flows via Nord Stream 1 Resume Briefly in Pressure Tests

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