May 2024 – Page 35 – UAG Trade Asia

Investors Reach for Riskier Assets as Fear Seeps Out of Markets

May 16, 2024
Finance
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NEW YORK, May 16 Reuters U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a socalled soft landing whets market participants39; appetite for risk. Call it the Goldilocks trade a bet that the Federal Reserve will be able to […]

May 16, 2024
Finance
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Silver hit its highest in over three years Platinum hits near oneyear peak Analyst says gold poised to capture 2,400oz level May 16 Reuters Gold prices inched up on Thursday following a sharp rise in the previous session as the dollar and bond yields weakened after the U.S. consumer inflation data boosted the likelihood of […]

May 16, 2024
Finance
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LONDONSINGAPORE, May 16 Reuters The Japanese yen rallied for a second day on Thursday after data on Wednesday showed a slowdown in U.S. inflation, while the dollar found a footing against other currencies following a sharp drop the previous day. U.S. inflation slowed to 0.3 in April from a month earlier, down from 0.4 in March […]

May 16, 2024
Finance
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FTSE 100 down 0.4, FTSE 250 adds 0.1 Sage Group falls after lowering annual revenue forecast BT Group up after CEO aims for more than double free cash flow May 16 Reuters London39;s FTSE 100 fell on Thursday as multiple companies including oil giant BP traded exdividend, while a drop in Sage Group following its […]

May 16, 2024
Finance
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Roche gains on obesity drug results from earlystage trial 39;Lacklustre39; guidance, mixed FY weigh on Ubisoft shares BMW, Daimler Truck, BP trade exdividend May 16 Reuters European shares edged lower on Thursday, weighed down by German engineering group Siemens after a secondquarter industrial profit miss, while automobile and energy stocks were also dragged by multiple […]

May 16, 2024
Business
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BENGALURU, May 16 Reuters India39;s Hindustan Aeronautics Ltd HAL reported a rise in fourthquarter profit on Thursday, helped by demand for its aircraft from the country39;s defence ministry. Consolidated net profit rose 52 yearonyear to 43.09 billion rupees 516.2 million for the three months ended March 31. Capital goods and manufacturing companies have benefited throughout fiscal […]

May 16, 2024
Business
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SHANGHAI, May 16 Reuters Chinese electric vehicle maker Nio said on Thursday it would launch one new model per year under its lowerpriced Onvo brand and price them similarly to gasoline vehicles, as the firm expands its lineups to family cars in the country39;s overcrowded auto market. The announcement came a day after the company unveiled […]

May 16, 2024
Business
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Siemens expects destocking trend to continue longer Cuts guidance for flagship Digital Industries business Industrial profit misses forecasts Confirms full year sales guidance ZURICH, May 16 Reuters Siemens reported on Thursday a drop in secondquarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected. The maker of items from […]

May 16, 2024
Business
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CFO Jarvis to succeed Lundgren as CEO early next year Jarvis says committed to current strategy H1 pretax loss 350 mln stg vs guidance of 340360 mln Shares down almost 7 LONDON, May 16 Reuters Johan Lundgren, the architect of easyJet39;s recovery from the pandemic, will step down in early 2025, it said on Thursday, sending […]

May 16, 2024
Oil
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SINGAPORE, May 16 Reuters Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S., where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut that could drive greater consumption. Brent futures rose 32 cents, or 0.4, to 83.07 a barrel at […]

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Investors Reach for Riskier Assets as Fear Seeps Out of Markets

Gold Drifts Higher as Rising Fed Rate Cut Bets Boost Appeal

Yen Climbs while Dollar Stabilises after US Inflation Ebbs

Britains FTSE 100 Down as Sage Group Drags

Europe Shares Slip on Auto, Energy Drag; Siemens Drops on Bleak Earnings

Indias HAL Posts Q4 Profit Climb on Defence Aircraft Demand

Chinas Nio Aims to Launch One new Car Model per Year under Onvo Brand

Siemens Misses Profit Forecast as Customers Stick to Trend of Destocking

EasyJet Shares Fall as CEO Johan Lundgren Prepares to Step Down

Oil Prices Rise on Slower US Inflation, Strong Demand

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