March 2023 – Page 45 – UAG Trade Asia

Euro Week Ahead Forecast: Fed’s Powell Testimony Will Drive Market Sentiment

March 3, 2023
Forecast
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EUR/USD will be dancing to the US dollar’s tune next week with Fed chair Powell’s Semi-Annual Testimony to the US Senate’s Banking Committee and the delayed US Jobs Report the highlights.

US 500 IG Client Sentiment: Our data shows traders are now net-short US 500 for the first time since Feb 21, 2023 17:00 GMT when US 500 traded near 4,002.42.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

March 3, 2023
Business
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FRANKFURT, March 2 Reuters German container shipper HapagLloyd on Thursday posted a record profit of 17 billion euros 18.08 billion for 2022, 88 more than a year earlier, but said uncertainty around the Ukraine war and inflation would greatly temper earnings in 2023. HapagLloyd, the world39;s fifthbiggest container liner, benefited from exceptional freight rates through spring […]

March 3, 2023
Business
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COPENHAGEN, March 3 Reuters Swedenbased Volvo Car AB said on Friday sales grew 22 yearonyear in February to 51,286 cars helped by a jump for its recharge models, sending its shares up. Volvo Cars, which is majorityowned by China39;s Geely Holding, said in a statement sales of fully electric cars soared 187 to account for 19 […]

March 3, 2023
Business
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ZURICH, March 3 Reuters Swiss specialty chemical maker Clariant is facing sanctions concerning alleged violations of financial reporting regulations, SIX Exchange Regulation SER said on Friday. Clariant39;s 2020 and 2021 IFRS annual financial statements contained misstatements, said SER, which monitors compliance with legal and regulatory requirements for the Swiss stock exchange. The alleged errors relate to […]

March 3, 2023
Uncategorized
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ATHENS, March 2 Reuters Greece39;s jobless rate eased to 10.8 in January, down from an upwardly revised 12.4 in December, data from statistics service ELSTAT showed on Thursday. Seasonally adjusted data showed 501,948 people were officially unemployed, with those under the age of 24 the hardest hit. The reading was the lowest since December 2009 […]

March 3, 2023
Uncategorized
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MOSCOW, March 2 Reuters Russia39;s central bank governor on Thursday warned of possible systemic risks in the banking sector as lenders scramble to make up for a slump in profits recorded last year. Speaking at a banking forum near Moscow, Governor Elvira Nabiullina said the regulator was concerned by declining standards in mortgage lending and […]

March 3, 2023
Uncategorized
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MOSCOW, March 2 Reuters Russia39;s central bank said on Thursday that it would extend capital controls affecting foreign currency withdrawals and transfers abroad, warning that some economic sectors continued to feel the pinch from sanctions despite their resilience. Russia39;s economic landscape changed drastically after it sent tens of thousands of troops into Ukraine last February, […]

March 3, 2023
Uncategorized
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March 2 Reuters The number of people registering as jobless in Spain rose by 0.1 in February from a month earlier, or by 2,618 people, leaving a total of 2.91 million people out of work, data from the Labour Ministry showed on Thursday. The number of unemployed people was the lowest registered in a month […]

March 3, 2023
Uncategorized
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LONDON, March 2 Reuters Online job adverts in Britain fell by 2 in the week to Feb. 24 compared with the previous week, adding to a series of falls, the Office for National Statistics said on Thursday. The total number of online job adverts was 23 lower than the level seen in the equivalent period […]

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Euro Week Ahead Forecast: Fed’s Powell Testimony Will Drive Market Sentiment

US 500 IG Client Sentiment: Our data shows traders are now net-short US 500 for the first time since Feb 21, 2023 17:00 GMT when US 500 traded near 4,002.42.

HapagLloyd Forecasts Big Drop off after Record 2022 Profit

Volvo Cars Sales Rise 22 in February

Clariant Faces Sanctions over Alleged Reporting Breaches

Greek Unemployment Drops to 10.8 in Jan, Lowest since 2009

Russias CB Warns of Growing Financial Sector Risks

Russia to Extend Capital Controls amid Economic Pressure

Spains February Jobless Rises 0.1 from January to 2.91 mln

UK Online Job Adverts Fall by 2 in Late Feb ONS

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