October 2023 – Page 31 – UAG Trade Asia

Indias LT Technology Trims FY Revenue Growth Guidance

October 18, 2023
Business
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BENGALURU, Oct 17 Reuters Indian engineering research and development services provider LT Technology Services cut its revenue growth forecast for the current financial year on Tuesday, citing longer deal decision cycles and macroeconomic challenges. The unit of engineering conglomerate Larsen and Toubro now expects revenue in dollars for this fiscal year ending March to grow 17.518.5 in […]

October 17, 2023
Finance
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Oct 17 Reuters Goldman Sachs said on Tuesday it expects earnings for companies in the panEuropean STOXX 600 index to grow 3 in 2023, compared with its prior projection of no growth, on the back of higher oil prices. Benchmark Brent crude futures have risen 6 since the conflict in the Middle East began earlier this […]

October 17, 2023
Finance
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LONDON, Oct 17 Reuters Sterling fell on Tuesday after data showed that growth in British workers39; regular pay slowed from a previous record high and job vacancies also declined, with a softer labour market boosting the chance the Bank of England BoE will hold rates unchanged. Sterling fell 0.4 against the dollar to 1.2169, moving […]

October 17, 2023
Finance
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ZURICH, Oct 17 Reuters Shares in Swiss construction chemicals maker Sika fell as much as 7.4 on Tuesday after the European Commission announced antitrust raids at unnamed construction chemicals companies. Sika later confirmed that investigations had taken place in connection with a suspicion of price fixing. A spokesperson said that even though the company was not […]

October 17, 2023
Finance
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European companies priced for recession investors STOXX at 11.6 x forward earnings vs SP 500 at 17.8 x European earnings seen dropping 11.4 in Q3 LONDON, Oct 17 Reuters The outlook for European equities isn39;t pretty as an earnings recession looks likely along with a prolonged period of high interest rates, but investors say much […]

October 17, 2023
Finance
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HONG KONGSHANGHAI, Oct 17 Reuters China39;s Gemdale saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, as investors took no chances amid the debt crisis in the key real estate sector. Ling Ke, 64, had resigned due to health reasons, Shanghailisted Gemdale announced on Monday evening, adding that he would be […]

October 17, 2023
Finance
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FTSE 100, FTSE 250 up 0.4 St. James39;s Place top gainer on FTSE 100 Rolls Royce up on layoffs Bellway down on gloomy forecast Oct 17 Reuters UK39;s FTSE 100 rose on Tuesday, as aerospace and defence stocks jumped on layoffs announced by Rolls Royce, while latest earnings data showing a slowdown in wage growth […]

October 17, 2023
Finance
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STOXX 600 holds steady Ericcson drops after downbeat Q4 forecast Nordic Semiconductor at bottom of STOXX on weak outlook RollsRoyce gains on job cuts plan Oct 17 Reuters European stocks were flat on Tuesday as a slew of downbeat earnings reports countered a boost from healthcare and energy shares amid a slight pullback in concerns […]

October 17, 2023
Finance
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PREVIOUS TRADING DAY EVENTS 16 Oct 2023 The New York Feds General Business Conditions index, otherwise known as the Empire State index, has gone back into negative territory. The headline general business conditions index fell seven points to 4.6. Labour market indicators pointed to a slight increase in both employment and the average workweek. Major […]

October 17, 2023
Uncategorized
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BEIJING, Oct 17 Reuters China has instructed stateowned banks to roll over existing local government debt with longerterm loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing39;s efforts to reduce local debt risks in a faltering economy. Debtladen municipalities represent a major risk to the world39;s secondlargest […]

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Account

Platforms

Capital Management

Indias LT Technology Trims FY Revenue Growth Guidance

Goldman Sachs Lifts Europe Incs 2023 Profit Growth Forecast to 3

Sterling Drops after Data Shows UK Job Market Cooling

Sika Shares Slide after EU Raids Companies over PriceFixing Suspicions

Priced for Earnings Recession, European Equities could Weather Storm

Stocks, Bonds in Chinas Gemdale Dive on Property Crisis Fears

FTSE 100 Climbs on Rolls Royce Layoffs, Softer Wage Growth Data

European Shares Flat amid Downbeat Earnings Reports

Bitcoin Jumps Dumps, U.S. Stock Market Avoids Downside

China Tells Banks to Roll over Local Government Debts

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