New Zealand’s climate-related disclosures: Building a roadmap to sustainable finance
Effective 1 January 2023, New Zealand’s standards require mandatory climate-related disclosures for approximately 200 entities.
Oil Prices Ease as all Eyes on US Debt Ceiling Talks
May 18 Reuters Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 37 cents, or 0.5, to 76.59 a barrel as of 0841 GMT. U.S. West Texas […]
FX deja-vu: Traders revisit Franc as safe haven
As political stalemate threatens to drag the world’s biggest economy into default, investors are revisiting a time-tested way to hedge US risk — the Swiss franc.
Royal Mail Owner sees Return to Profit after Losses Due to Strikes
IDS adjusted operating loss was better than expected Group revenue slightly misses expectations Sees GLS profit hit from strategic initiatives Shares down 3 May 18 Reuters International Distributions Services is targeting a return to profit this financial year after its UK business Royal Mail made a 1 billion pound 1.26 billion loss last year, partly the […]
Aston Martin Stock Soars after 295 Million Geely Investment
May 18 Reuters Aston Martin39;s stock popped nearly 22 on Thursday, after the luxury carmaker announced a 234 million pound investment by China39;s Geely, that will see the automotive firm become its thirdlargest shareholder. Geely will acquire about 42 million ordinary shares from Chairman Lawrence Stroll39;s Yew Tree, which is currently the Aston Martin39;s largest stakeholder, […]
Australias Weak Employment Data, Biden Confidence in Debt Deal, U.S. Stocks Higher, Gold Lower
PREVIOUS TRADING DAY EVENTS 17 May 2023 Announcements Australias employment data were released during the Asian session at 430 today. AUD depreciated bringing down major pairs with AUD as the base currency, such as AUDUSD, experiencing a near 30 pips drop before retracing. Australias headline Employment Change report showed a surprise figure of 4.3K in […]
Germany 40 IG Client Sentiment: Our data shows traders are now at their least net-long Germany 40 since May 07 when Germany 40 traded near 15,989.80.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.
Proactive risk management will secure Indian finance
Since the question of contagion across financial institutions was front and center for the first time since the Global Financial Crisis, it was worthwhile to pause and take stock of risk mitigation in India’s financial system.
Natural Gas Price Rebound Could Extend; What’s Next for Crude Oil?
Natural gas prices could be due for further gains on declining drilling activity, tighter credit conditions, and oversold technical conditions. Meanwhile, upward momentum has been lacking even as crude oil has seemingly found a floor for now.
Generative AI, workload migration aid cybersecurity spending
RSA 2023 validated our view that cybersecurity spending is likely to remain non-discretionary even as enterprises seek to curtail other IT outlays.