March 2024 – Page 52 – UAG Trade Asia

Oil Prices Rise as Worlds Top Consumers Boost Demand

March 8, 2024
Oil
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SINGAPORE, March 8 Reuters Oil prices rose on Friday, driven by growing demand in the world39;s biggest consumers, the United States and China, while the U.S. Federal Reserve gave a positive signal on the possibility of rate cuts. Brent crude futures were up 0.7, or 58 cents, at 83.54 a barrel by 0700 GMT. U.S. […]

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Feb 27, 2024 18:00 GMT when NZD/USD traded near 0.62.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.

March 8, 2024
Finance
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Broad-based market indices serve as a financial yardstick for measuring investment performance, guiding investment decision making, and assessing the effectiveness of investment strategies.

March 8, 2024
Business
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WASHINGTON, March 7 Reuters The U.S. banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred by several bank failures last spring, the Federal Deposit Insurance Corporation reported Thursday. Roughly 70 of the 43.9 decline in quarterly bank […]

March 8, 2024
Business
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Incoming CEO to present new business plan NYCB says nonbanking companies have shown interest in loan book Stock rises on 1 billion capital infusion Wall Street analysts caution uncertainties remain Bank reiterates pledge to reduce commercial real estate exposure Reuters New York Community Bank is seeing interest from nonbank bidders for some of its loans and […]

March 8, 2024
Business
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March 8 Reuters Shares in DS Smith rose more than 7 on Friday, a day after bigger rival Mondi made a 5.14 billion pound 6.58 billion allshare offer to buy the British paper and packaging group. The deal, which will create a packaging giant worth more than 11 billion pounds, valued DS Smith at about 373 pence per […]

March 8, 2024
Uncategorized
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ECB keeps policy rate at record 4 Projections show lower growth and inflation this year Lagarde says we will know a lot more in June FRANKFURT, March 7 Reuters The European Central Bank kept borrowing costs at record highs on Thursday while cautiously laying the ground to lower them later this year, saying it had […]

March 8, 2024
Uncategorized
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Weekly jobless claims unchanged at 217,000 Continuing claims increase 8,000 to 1.906 million Fourthquarter productivity growth unrevised Trade deficit widens 5.1 to 67.4 billion in January WASHINGTON, Reuters The number of Americans filing new claims for unemployment benefits was unchanged last week as the labor market continued to gradually ease, which could give the Federal Reserve […]

March 8, 2024
Uncategorized
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BEIJING, March 8 Reuters China39;s electric vehicle sales slowed in the opening months of this year, industry data showed on Friday, with competition intensifying as market leader BYD headed a deeper round of price cuts. Sales of batterypowered EVs rose 18.2 in JanuaryFebruary versus 20.8 for all of 2023, showed data from the China Passenger […]

FTSE 100, S&P 500 and Nasdaq 100 Benefit from Rate Cut Expectations

Outlook on FTSE 100, S&P 500 and Nasdaq 100 ahead of US Non-Farm Payrolls

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Oil Prices Rise as Worlds Top Consumers Boost Demand

NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Feb 27, 2024 18:00 GMT when NZD/USD traded near 0.62.

Super Micro’s rise calls for index responsiveness

U.S. Bank Profits Drop 44 in Q4 as Big Firms Cover Failed Bank Costs

NYCB Eyes Potential Loan Book Sales, Deposits Shrink 7

DS Smith Shares Cheer Mondis 6.5BB to Create European Packaging Leader

ECB Lays Ground for June Rate Cut as Inflation Falls

Weekly Jobless Claims Unchanged; Trade Deficit Widens in Jan

China EV Sales Slow in JanFeb; PriceCutting Intensifies

FTSE 100, S&P 500 and Nasdaq 100 Benefit from Rate Cut Expectations

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