August 2022 – Page 23 – UAG Trade Asia

European Shares Trip on Recession Fears as German Producer Prices Surge

August 19, 2022
Finance
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Energy stocks outperform STOXX 600 Just Eat Takeaway soars 26 on 1.8 bln iFood stake sale FLSmidth up on Q2 beat, raised 2022 sales outlook German July producer prices rise 37.2 yy Aug 19 Reuters European shares tumbled on Friday and tracked a weekly loss as the highestever jump in German producer prices in July […]

August 19, 2022
Business
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Aug 18 Reuters Tapestry forecast fullyear earnings below estimates after reporting lowerthanexpected quarterly revenue on Thursday, as lockdowns in China hurt sales of its designer handbags and apparel in the country. The luxury retailer39;s sales in the Greater China region plunged about 32 in the fourth quarter due to COVIDrelated disruptions. Major Chinese cities have imposed […]

August 19, 2022
Business
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SHANGHAI, Aug 19 Reuters Chinese smartphone maker Xiaomi Corp posted a steep drop in second quarter revenue on Friday as the world39;s biggest smartphone market shrank, hit by strict COVID restrictions. Sales fell 20 year on year to 70.17 billion yuan 10.31 billion, missing estimates and marking a steeper decline from the previous quarter, when the […]

Gold Price & Silver Forecast – XAU/USD, XAG/USD Not Looking Too Good

Gold and silver downturns need to hold soon or else the trend off the highs is likely to continue in the days/weeks ahead towards new cycle lows.

Canadian Dollar Technical Analysis: CAD/JPY, USD/CAD Rates Outlook

The major CAD-crosses are offering mixed signals.

August 19, 2022
Politics
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Aug 18 Reuters The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them. St. Louis Fed President James Bullard, who was among the central bank39;s earliest advocates last […]

August 19, 2022
Politics
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Under pressure from Erdogan, bank cuts rate to 13 Last year39;s easing sparked currency crisis, stoked inflation Annual inflation hit 24year high of 79.6 in July Bank says it acted to preserve economic momentum, jobs ANKARA, Aug 18 Reuters Turkey39;s central bank shocked markets on Thursday by cutting its main interest rate by 100 basis […]

August 19, 2022
Uncategorized
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LONDON, Aug 17 Reuters The European Central Bank ECB said on Wednesday it would harmonise how banks offer cryptoassets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West. Several crypto companies like Binance and Crypto.com have been authorised in EU countries such as […]

August 19, 2022
Uncategorized
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MUMBAI, Aug 18 Reuters Inflation in India may still require a monetary policy response going forward as it remains above the target range even though it has eased in recent months, the Reserve Bank of India said on Thursday. In India, supply conditions are improving, with the recent monsoon pickup, strong momentum in manufacturing and […]

August 19, 2022
Uncategorized
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Real action will be seen from next week Tokyo dealer Hong Kong, Singapore see quiet week for demand Many traders moving towards silver Mumbaibased dealer Aug 19 Reuters Gold demand in India improved this week as a drop in domestic prices to a more than twoweek low allowed dealers to reduce discounts, while volumes were […]

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European Shares Trip on Recession Fears as German Producer Prices Surge

Tapestry Forecasts FullYear Profit below Estimates on China Hit

Xiaomi Posts 20 Revenue Fall, Hurt by China COVID Curbs

Gold Price & Silver Forecast – XAU/USD, XAG/USD Not Looking Too Good

Canadian Dollar Technical Analysis: CAD/JPY, USD/CAD Rates Outlook

Fed United on Need to Raise Rates, Divided over How High

Turkeys Cenbank Shocks with 100 Basis Point Rate Cut despite Soaring Inflation

ECB Steps in as Banks Dip Toes in Crypto Pool

Indian Inflation Still Elevated, may Warrant Policy Response

Asia Gold Indian Customers Welcome Dip in Local Prices

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