August 2023 – Page 26 – UAG Trade Asia

Europe Shares Gain after 4 Days of Losses on Energy, Healthcare Boost

August 21, 2023
Finance
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Energy stocks rise on higher crude prices Novo Nordisk lifts healthcare sector Adyen tumbles as brokerages turn bearish China cuts oneyear benchmark lending rate STOXX 600 up 0.6 Aug 21 Reuters European shares advanced on Monday after four sessions of losses, as energy stocks rose tracking global crude prices higher and Danish drugmaker Novo Nordisk […]

August 21, 2023
Finance
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UK housing sector set for biggest monthly drop since Sept Crest Nicholson plunges on profit warning FTSE 100 up 0.2, FTSE 250 off 0.3 Aug 21 Reuters The UK39;s FTSE 100 index rebounded from sixweek lows on Monday, helped by a rise in energy stocks, but midcap stocks slipped as Crest Nicholson led the decline […]

Gold Price Outlook: XAU/USD Still Vulnerable Amid Bullish Retail Bets

Gold prices recently concluded 4 consecutive weeks of losses and retail traders are becoming increasingly bullish. Is this a warning sign that XAU/USD may continue lower ahead?

Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Jun 28, 2023 when Wall Street traded near 33,933.80.

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

August 21, 2023
Politics
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SHANGHAISINGAPORE, Aug 21 Reuters China cut its oneyear benchmark lending rate on Monday as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the fiveyear rate unchanged amid broader concerns about a rapidly weakening currency. The recovery in the world39;s secondlargest economy has lost steam due to a worsening […]

August 21, 2023
Uncategorized
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BENGALURU, Aug 21 Reuters Chinese smartphone brand Honor will relaunch in India through a licensing deal with a local company and is aiming to start domestic manufacturing by early next year, its country head told Reuters. Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less […]

August 21, 2023
Uncategorized
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LONDON, Aug 21 Reuters UK homebuilder shares tumbled on Monday, set for their biggest oneday drop in over six weeks, led by a 14.9 fall in Crest Nicholson shares which plunged after the residential housebuilder cut its fullyear profit view. By 0725 GMT, an index of Londonlisted homebuilders was down 3.2. It underperformed the FTSE 350 which was […]

August 21, 2023
Uncategorized
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BERLIN, Aug 21 Reuters The downturn in Germany39;s residential construction sector intensified in July, according to a survey published on Monday, which showed a record number of companies complaining about dwindling orders in the sector. In July, the percentage of companies suffering from a lack of orders grew to 40.3, up from 34.5 in June […]

August 21, 2023
Uncategorized
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Exports duty to make Indian exports less competitive Onion prices jump 20 in India in a month New season crop could get hit by erratic weather MUMBAI, Aug 19 Reuters India will impose with immediate effect a 40 export duty on onions up to Dec. 31 in an attempt to improve domestic availability of the […]

August 21, 2023
Uncategorized
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LONDON, Aug 21 Reuters Britain39;s labour market is losing some of its inflationary heat with vacancies and advertised starting salaries falling in July for the first time this year, according to a survey published on Monday. Job search website Adzuna also said the number of jobseekers per vacancy rose slightly in July but the overall […]

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Europe Shares Gain after 4 Days of Losses on Energy, Healthcare Boost

Energy Shares Boost FTSE 100; Crest Nicholson Leads Rout among Housebuilders

Gold Price Outlook: XAU/USD Still Vulnerable Amid Bullish Retail Bets

Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Jun 28, 2023 when Wall Street traded near 33,933.80.

China Surprises with Modest Rate Cut amid Growing Yuan Risks

Honor Stages India Return with Local Manufacturing Plans

UK Homebuilder Shares Tumble after Crest Nicholson Cuts Annual Profit Outlook

Downturn in German Housing Construction Worsens in July Ifo

India Imposes 40 Export Duty on Onions to Calm Rising Prices

UK Jobs Market Lost some of its Heat in July survey

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