July 2023 – Page 50 – UAG Trade Asia

USD Depreciates Heavily, U.S. Stocks Settle, Calm Before Decisions on Rates, Metals Reverse

July 11, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 10 July 2023 Yesterday, the BOE Governor spoke at the Financial and Professional Services Dinner in London, stating that the British central bank had to see the job through on bringing down the highest inflation rate among the richest countries. He noted that price growth had proved to be stickier than […]

July 11, 2023
Finance
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LONDON, July 11 Reuters Global shares rose and the dollar eased on Tuesday ahead of U.S. inflation data that could support a quicker end to Federal Reserve rate hikes, while the prospect of China propping up economic growth helped lift commodities like oil and copper. Markets are awaiting U.S. inflation data on Wednesday to see […]

July 11, 2023
Finance
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July 11 Reuters Most major Gulf stock markets rose in early trade on Tuesday ahead of U.S. inflation data due on Wednesday that could support a more rapid end to Federal Reserve rate hikes. Most Gulf Cooperation Council GCC countries, including Saudi Arabia, the United Arab Emirates and Qatar, have their currencies pegged to the […]

EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since May 19 when EUR/CHF traded near 0.97.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bearish contrarian trading bias.

July 11, 2023
Business
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MUMBAI, July 10 Reuters Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing as airlines place record jet orders, a top executive at the Indian company said. Air India and IndiGo between them have nearly 1,000 new planes on order, said Maneck Behramkamdin, associate vice president and business head at Godrej Aerospace, […]

July 11, 2023
Business
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LISBON, July 10 Reuters Portugal39;s stateowned airline TAP carried 7.58 million passengers in the first half of this year, a 30 increase from a year ago but still slightly below prepandemic levels even as tourist numbers have already exceeded those seen in 2019. Still, the stateowned carrier, which the government plans to partially privatise, said on Monday […]

July 11, 2023
Business
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July 11 Reuters China39;s Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7 billion euros 7.71 billion in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles. The JV is aimed at manufacturing more efficient internal combustion engines and hybrid systems at […]

July 11, 2023
Business
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TOKYO, July 11 Reuters Toyota Motor will focus on selling hydrogenpowered trucks and cars in Europe and China, as part of a push to sell 200,000 of these vehicles by 2030, executives said on Tuesday. The decision marks a shift in focus for the Japanese automaker, a major backer of hydrogen fuelcell vehicles as an alternative […]

July 11, 2023
Business
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Modi wants India to become a semiconductor making hub Foxconn pulls out of a key project planned with Vedanta Foxconn says mutually reached decision with Vedanta Decision seen as a setback to PM Modi39;s ambitions TAIPEIBENGALURU, Reuters Taiwan39;s Foxconn has withdrawn from a 19.5 billion semiconductor joint venture with Indian metalstooil conglomerate Vedanta, it said on […]

July 11, 2023
Business
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BENGALURU, July 11 Reuters India39;s Vedanta fell over 2 on Tuesday, a day after Taiwan39;s Foxconn said it withdrew from a 19.5 billion semiconductor joint venture with the metalstooil conglomerate. The companies partnered last year to set up semiconductor and display production plants in Gujarat state. Concerns about incentive approval delays by India39;s government had contributed to Foxconn39;s decision […]

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USD Depreciates Heavily, U.S. Stocks Settle, Calm Before Decisions on Rates, Metals Reverse

Stocks Rise, Dollar Retreats ahead of Inflation Data

Most Gulf Markets Gain ahead of US Data; Qatar Eases

EUR/CHF IG Client Sentiment: Our data shows traders are now at their most net-long EUR/CHF since May 19 when EUR/CHF traded near 0.97.

Godrej Aerospace Targets Airbus, Boeing Suppliers as India Jet Orders Soar

Portugals TAP says Passenger Traffic Up 30 in First Half of 2023

Geely, Renault Strike Deal to Develop Gasoline Engines, Hybrid Technology

Toyota Targets Europe, China in Hydrogen Sales Pivot

Foxconn Dumps 19.5B Vedanta Chip Plan in Blow to India

Vedanta Slips after Foxconn Pulls Out of Semiconductor JV

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