July 2023 – Page 47 – UAG Trade Asia

S.African Rand Gains against Weaker Dollar before U.S. CPI

July 12, 2023
Finance
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JOHANNESBURG, July 12 Reuters The South African rand was stronger in early trade on Wednesday against a weaker dollar, ahead of highly anticipated U.S. inflation data that could give hints as to the Federal Reserve39;s future interest rate path. At 0613 GMT, the rand traded at 18.4650 against the dollar , around 0.2 stronger than […]

July 12, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 11 July 2023 The U.K. Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labour market. This is actually what the BOE expects to see after a series of hikes to counter inflationary pressure […]

July 12, 2023
Finance
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U.S. CPI data for June expected to slow sharply Dollar sags to 2month low World stocks and bond prices rise for third straight day Gold inches to 3week high LONDON, July 12 Reuters Bets on a screeching slowdown in U.S. inflation data later saw traders shove the dollar to a 2month low on Wednesday and […]

July 12, 2023
Finance
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Banks gain after major lenders clear BoE39;s stress test ICAG, Bunzl fall after brokerage downgrades U.S. CPI data due 1230 GMT FTSE 100 up 0.8, FTSE 250 adds 0.4 July 12 Reuters UK39;s FTSE 100 rose on Wednesday as British banks gained after successfully clearing the Bank of England39;s stress test and higher metal prices […]

July 12, 2023
Business
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July 12 Reuters Chip designer Arm is in talks to bring in Nvidia as an anchor investor as it presses ahead with plans for a New York listing as soon as September, the Financial Times reported on Wednesday. Nvidia is the latest company to hold talks with Softbankowned Arm to take a longterm stake in the company at […]

July 12, 2023
Business
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BENGALURU, July 12 Reuters Indian IT services provider Wipro Ltd said on Wednesday it planned to invest 1 billion into artificial intelligence AI over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an […]

July 12, 2023
Oil
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LONDON July 12 Reuters Oil crept higher on Wednesday in a market caught between expectations supply cuts by the world39;s biggest fuel exporters will drive prices higher and concerns global economic weakness will sap demand. Brent futures gained 26 cents to 79.66 a barrel by 0855 GMT, and U.S. West Texas Intermediate WTI crude rose […]

July 12, 2023
Uncategorized
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OTTAWA, July 12 Reuters The Bank of Canada BoC on Wednesday is expected to hike its key overnight rate by a quarter of a percentage point to a 22year high of 5.00 as economic growth continues to fuel a tight labor market and sticky underlying inflation, analysts said. Last month, the Canadian central bank raised […]

July 12, 2023
Uncategorized
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Wholesale prices rise at slowest annual pace since April 2021 Rise in utility bills, food prices moderates Yenbased import prices fall at fastest pace since July 2020 TOKYO, July 12 Reuters Japan39;s wholesale inflation slowed for a sixth straight month in June due to sliding fuel and commodity prices, data showed on Wednesday, a sign […]

July 12, 2023
Uncategorized
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Big accounting firms expand in smaller cities Hiring of accounting, tech graduates boost local economy EY expects MNCs to add 800 centres, hire 2.6 mln by 2030 BHUBANESWAR, India, July 12 Reuters The world39;s major accounting firms are stepping up investments in new Indian facilities away from bigger cities as global demand for cheaper back […]

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S.African Rand Gains against Weaker Dollar before U.S. CPI

GBP Strengthens Following Recent Labour Data, German Economy Deteriorates Further, Metals and Indices Higher

Dollar Hits 2Month Low before US Inflation Data

Banks, Miners Push UKs FTSE 100 Higher; US Inflation Data Eyed

Nvidia is in Talks to be an Anchor Investor in Arm IPO FT

Indias Wipro Commits 1 bln Investment into AI

Oil Stuck between Supply Strains and Economic Doubt

Bank of Canada Expected to Hike Rates as Economy Outperforms

Japans Wholesale Inflation Slows for 6th Straight Month

Global Accounting Firms Set Up Shop in Indias Smaller Cities

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