December 2022 – Page 19 – UAG Trade Asia

India Rupee Settlement Mechanism Draws Interest from more Nations

December 16, 2022
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Dec 16 Reuters India39;s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting interest from more countries. Tajikistan, Cuba, Luxembourg and Sudan have begun talking to India about using the mechanism, according to two sources and an official document reviewed by Reuters. It […]

December 16, 2022
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LONDON, Dec 16 Reuters Global coal consumption is set to rise to an alltime high in 2022 and remain at similar levels in the next few years if stronger efforts are not made to move to a lowcarbon economy, a report by the International Energy Agency IEA said on Friday. High gas prices following Russia39;s […]

December 16, 2022
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MUMBAI, Dec 16 Reuters The fall in commodity prices could help narrow India39;s trade deficit in the coming months, aiding the rupee, analysts said on Friday. India39;s trade deficit narrowed to 23.9 billion in November from 26.9 billion in the previous month, data released on Thursday showed. It was the lowest trade deficit reading since […]

December 16, 2022
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SEOUL, Dec 16 Reuters South Korea39;s mammoth state pension fund will hedge foreign exchange risks for up to 10 of its overseas investment compared with zero up to now, the welfare ministry said on Friday, a move expected to ease dollar demand on the onshore FX market. The fund has grown in size and its increasing […]

December 16, 2022
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LONDON, Dec 16 Reuters Mortgage lender Halifax said on Friday it expected British house prices to fall next year by around 8 as the increasing cost of living put more pressure on household finances and rising interest rates continued to push up mortgage costs. To put this into perspective, such a fall would place the […]

December 16, 2022
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ATHENS, Dec 16 Reuters Greece39;s jobless rate fell to 11.6 in the third quarter from 12.4 in the second quarter of the year, data from the country39;s statistics service ELSTAT showed on Friday. About 63 of Greece39;s 555,567 jobless are longterm unemployed, meaning they have been out of work for at least 12 months, the […]

December 16, 2022
Market Outlook, US Market
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Bears made a noticeable re-appearance this week with a steely focus on 2023 price action, but will bears make a push into the end of the year or wait for the 2023 open?

December 16, 2022
Oil
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LONDON, Dec 16 Reuters Oil fell on Friday as the market assessed the aftermath of interest rates hikes at central banks, but was poised for the biggest weekly gains in 10 weeks amid supply disruption concerns and hopes for a recovery of demand in China. Brent crude futures fell 1.80, or 2.2, to 79.41 per […]

December 16, 2022
Finance
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ECB, BOE raise rates ECB39;s Lagarde says inflation risks remain Recession risks rise to 60, from 50 J.P. Morgan AM NEW YORK, Dec 15 Reuters The U.S. dollar soared on Thursday, led by strong gains against the yen, sterling, and commodity currencies, as investors fretted about the risk of recession with the Federal Reserve likely […]

December 16, 2022
Finance
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SHANGHAI, Dec 16 Reuters Foreign investors continued to offload holdings in China39;s onshore bonds for a 10th straight month in November, although some market watchers expect the outflow pressure to ease soon. Foreign holdings of yuandenominated bonds traded on China39;s interbank market stood at 3.33 trillion yuan 477.3 billion at endNovember, down from 3.38 trillion […]

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India Rupee Settlement Mechanism Draws Interest from more Nations

Global Coal Consumption to Reach AllTime High this YearIEA

Lower Commodity Prices to Shrink Indias Trade Deficit, Help Rupee analysts

S.Korea Pension Fund Opens Up FX Hedging Limit to Maximum 10

UK House Prices Set to Fall next Year by around 8, Halifax

Greek Jobless Rate Drops to 11.6 in Third Quarter

S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead

Oil Falls, Poised for Biggest Weekly Gain since Early Oct

USD Gains Sharply across Board as Recession Fears Mount

Foreign Investors cut Chinese Bonds for 10th Straight Month

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