August 2023 – Page 64 – UAG Trade Asia

SocGen Reaches Settlement with U.S. Regulators over Messaging Probe

August 3, 2023
Business
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PARIS, Aug 3 Reuters Societe Generale, France39;s thirdbiggest listed bank, has reached a settlement with U.S. securities regulators amid a probe over the use of messaging platforms, the lender said in its first half financial report released on Thursday. The Securities and Exchange Commission SEC in 2021 began examining how Wall Street banks were keeping track of […]

August 3, 2023
Business
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BENGALURU, Aug 3 Reuters Mahindra and Mahindra has raised 145 million from Temasek for its electric vehicle unit at a valuation of up to 805.8 billion rupees 9.8 billion, the latest fundraising by the Indian automaker as it looks to ramp up EV sales. Temasek will take up to a 3 stake in the company which […]

August 3, 2023
Finance
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SINGAPORE, Aug 3 Reuters The dollar hit a fourweek top against its major peers on Thursday, shrugging off a U.S. credit rating downgrade that cast doubt on the country39;s fiscal outlook, and instead got a leg up from strong private payrolls data. Data out on Wednesday showed U.S. private payrolls rose more than expected in July, boosting the dollar […]

August 3, 2023
Finance
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Gold, silver, platinum at 3week lows Dollar index at 4week peak, bond yields highest since Nov Aug 3 Reuters Gold prices held near threeweek lows on Thursday after strong U.S. private payrolls data fuelled bets of more monetary policy tightening and boosted the dollar and Treasury yields. Spot gold was steady at 1,934.39 per ounce […]

August 3, 2023
Finance
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Aug 2 Reuters Advanced Micro Devices39;s shares fell about 6 on Wednesday as analysts raised concerns that the chip designer39;s targets for an artificial intelligence AI rampup may be too ambitious. The fall came amid a broader selloff in the tech sector that saw megacap stocks fall 1.5 to 5 and the Philadelphia SE Semiconductor Index drop […]

August 3, 2023
Finance
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FTSE 100 down 1.5, FTSE 250 off 0.6 LSEG, Mondi down on H1 profit fall Unilever, BT Group fall as shares trade exdiv BoE rate hike verdict due 1100 GMT Aug 3 Reuters UK39;s FTSE 100 fell over 1 for the second straight session on Thursday, as downbeat earnings and exdividend trades weighed, while investors […]

August 3, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 02 August 2023 New Zealand unemployment rose to 3.6 in the second quarter and wage inflation showed signs of slowing, indicating a weakened labour market. The Reserve Bank has signalled that it has raised rates sufficiently to tame inflation and that the economy has stalled, expecting further increase in the unemployment […]

Japanese Yen and Nikkei 225 tank as US Dollar Re-Asserts Itself. New USD/JPY Highs?

The Japanese Yen melted again today as the US Dollar ascendency got back on track after investors and traders reassessed their exposure to risk assets. Will USD/JPY test prior peaks?

Euro Technical Update: EUR/USD Might be Readying to Extend Lower

The Euro is on the verge of confirming a key downside breakout against the US Dollar. But, be wary of fading momentum on the 4-hour chart heading into the remainder of the week.

August 3, 2023
Uncategorized
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LONDON, Aug 2 Reuters The British public39;s expectations for future inflation fell in July, U.S. bank Citi said on Wednesday, offering some relief to the Bank of England which is expected to announce its 14th backtoback interest rate increase on Thursday. Public expectations for inflation in 12 months39; time fell sharply to 4.3 from 5.0 […]

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SocGen Reaches Settlement with U.S. Regulators over Messaging Probe

Mahindras EV Unit Raises Funds from Temasek at 9.8B Valuation

USD Advances, US Economic Resilience Trumps Fiscal Uncertainty

Gold Under Pressure as Strong US Data Bolsters Dollar, Bond Yields

AMD Shares Fall as Analysts Worry AI Chip Targets may be Ambitious

UKs FTSE 100 Falls on Dour Earnings; BoE Decision Awaited

U.S. Private Sector Employment Higher than Expected, Crude Oil Dives, U.S. Stocks Crash

Japanese Yen and Nikkei 225 tank as US Dollar Re-Asserts Itself. New USD/JPY Highs?

Euro Technical Update: EUR/USD Might be Readying to Extend Lower

UK Public Inflation Expectations Fall in July, CitiYouGov Survey

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