May 2023 – Page 8 – UAG Trade Asia

Europe Shares Rise from 8Week Lows as Miners, Tech Advance

May 26, 2023
Finance
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STOXX 600 headed for weekly declines Rio Tinto boosted by Morgan Stanley upgrade Technology stocks extend rally May 26 Reuters European shares inched up on Friday on gains in mining and technology stocks although the main benchmarks were set for steep weekly losses on growing concerns over a slowing global economy and the debt ceiling […]

May 26, 2023
Finance
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SINGAPORE, May 26 Reuters The dollar eased on Friday but remained near a twomonth high against its major peers, buoyed by expectations that U.S. interest rates could remain higher for longer. Debt ceiling negotiations between U.S. President Joe Biden and top congressional Republican Kevin McCarthy also continued to cast a shadow over the market mood, though news […]

May 26, 2023
Finance
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FTSE 100 up 0.5, FTSE 250 adds 0.1 May 26 Reuters UK stocks advanced on Friday after data showed retail sales unexpectedly rose in April, highlighting resilience in consumer spending despite elevated inflation, while Rio Tinto logged its best day in over a month on a brokerage upgrade. Retail sales volumes rose 0.5 in April […]

May 26, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 25 May 2023 Announcements It seems that the U.S. is close to having a deal in place regarding the debt ceiling but its not final yet. U.S. President Joe Biden and Kevin McCarthy are closing in on a deal that would raise the governments 31.4 trillion debt ceiling for two years […]

May 26, 2023
Finance
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LONDON, May 26 Reuters The pound rose on Friday after data showed UK retail sales volumes rose at their fastest pace in nearly two years, as renewed consumer confidence helped offset the sting of high inflation and rates. Between February and April, sales rose 0.8 from the previous three months, the biggest such increase since the three […]

May 26, 2023
Oil
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May 26 Reuters Oil prices were broadly stable on Friday, as the market weighed in on conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC policy meeting, a stronger U.S. dollar and worries of weakerthanexpected demand growth. Brent crude was up 6 cents to 76.32 a barrel at 0627 GMT, […]

May 26, 2023
Business
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WASHINGTON, May 25 Reuters A spaceplane from Virgin Galactic reached the edge of space on Thursday carrying a crew of six, making its first spaceflight test in nearly two years as the space tourism firm founded by Richard Branson prepares its longawaited commercial service. The company39;s VSS Unity spaceplane dropped from its twinfuselage carrier aircraft around […]

May 26, 2023
Oil
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May 25 Reuters Oil prices fell on Thursday after Russian Deputy Prime Minister Alexander Novak played down the prospect of further OPEC production cuts at its meeting next week. Brent crude futures was down 41 cents, or 0.5, to 77.95 a barrel at 0815 GMT. U.S. West Texas Intermediate crude WTI fell 51 cents, or […]

May 25, 2023
Business
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FRANKFURT, May 25 Reuters German healthcare group Fresenius SE lifted its earnings target for generic hospital drugs unit Kabi, citing demand for blood plasma products and clinical nutrition and the planned launches of generic biotech drugs in the United States. Kabi39;s 2023 sales, adjusted for currency swings, would likely grow by a midsingledigit percentage, where it […]

May 25, 2023
Business
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SHANGHAIBEIJING, May 25 Reuters Great Wall Motor has filed a report with China39;s regulators against BYD, it said on Thursday, claiming its rival39;s two topselling hybrid models did not meet emissions standards and triggering a rare public spat. BYD rejected the claim, saying its vehicles met China39;s emission standards and that it reserved the right to […]

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Europe Shares Rise from 8Week Lows as Miners, Tech Advance

Dollar Eyes Third Weekly Gain as Higher US Rate Expectations Gather Steam

UK Stocks Rise on Upbeat Retail Sales Data, Rio Tinto Shines

U.S. Close to a Deal, FOMC Probably Hike Pause, USD Strengthens Further, Crude and Metals Lower

Sterling Gains, UK Shoppers Weather High Inflation and Rates

Oil Broadly Steady amid OPEC Supply Cut Uncertainty, Demand Worries

Virgin Galactic Makes Key Spaceflight Test Before Starting Commercial Service

Oil Eases as Russia Downplays Additional OPEC Cuts

Fresenius Lifts 2023 Outlook for Hospital Drugs Unit Kabi

Great Wall Motor says Rival BYD Failing on Hybrid Emissions

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