May 2024 – Page 37 – UAG Trade Asia

Oil Prices Edge Up on US Crude Storage and Economic Data

May 15, 2024
Oil
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NEW YORK, May 15 Reuters Crude prices edged up on Wednesday from a twomonth low in the prior session as the market balanced somewhat bullish U.S. economic and storage data against a forecast for weaker global oil demand growth from the International Energy Agency IEA. Brent futures rose 33 cents, or 0.4, to 82.71 a […]

May 15, 2024
Politics
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SHANGHAISINGAPORE, May 15 Reuters China39;s central bank left a key policy rate unchanged when rolling over maturing mediumterm lending facility MLF loans on Wednesday, in line with market expectations. WHY IT39;S IMPORTANT The steady MLF rate shows the central bank39;s focus on keeping currency stability, analysts say, even as an unexpected credit contraction in April […]

May 15, 2024
Finance
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We unpack how holding exposure with the third futures contract in a commodities allocation has been shown to alleviate the typical negative roll yield associated with commodities.

May 15, 2024
Uncategorized
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NEW DELHI, May 15 Reuters India39;s merchandise trade deficit in April was wider than expected, hurt by lower exports and a surge in gold imports, government data showed on Wednesday. India39;s April merchandise trade deficit stood at 19.1 billion, according to a Reuters calculation, higher than economists39; expectation of 17.23 billion, according to a Reuters poll. […]

May 15, 2024
Uncategorized
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NEW YORK, May 14 Reuters Investors newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set to show whether the soft landing hopes that have fueled recent gains in equities are justified. Investors resurgent appetite for equities has driven the SP 500 back near record highs. Meanwhile, eyepopping rallies in […]

May 15, 2024
Uncategorized
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LONDON, May 15 Reuters Two wars and high borrowing costs have trimmed expected growth in countries covered by the European Bank for Reconstruction and Development EBRD, the bank said in a semiannual report released on Wednesday. The EBRD, which covers economic trends across emerging Europe, central Asia, the Middle East and Africa, still expects economic […]

May 15, 2024
Uncategorized
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FRANKFURT, May 15 Reuters Germany39;s Commerzbank posted a betterthanexpected 29 rise in firstquarter net profit on Wednesday, its strongest quarterly profit in a decade, and raised its outlook for net interest income for the full year. Its net profit rose to 747 million euros 808.25 million in the quarter from a profit of 580 million euros […]

May 15, 2024
Uncategorized
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April surplus is above 3.3 bln forecast, below March39;s 4.6 bln Exports 1.7 yy, vs poll39;s 4.6 Imports 4.6 yy, vs poll39;s 8.7 JAKARTA, May 15 Reuters Indonesia posted a slightly biggerthanexpected trade surplus in April of 3.56 billion, as the country saw smallerthanestimated imports, statistics bureau data showed on Wednesday. A Reuters poll of […]

May 15, 2024
Finance
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Bloomberg Intelligence Senior Analyst Mike McGlone unpacks the outlook on commodities such as oil, grains, and gold.

May 15, 2024
Finance
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Previous Trading Days Events 14.05.2024 The UK jobs market is cooling and thats gradually translating into lower wage growth. This is the main takeaway from the latest UK labour market figures. The unemployment rate notched up to 4.3 British wages grew by a more than expected figure while other figures suggested the labour market is […]

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Oil Prices Edge Up on US Crude Storage and Economic Data

Chinas Central Bank Leaves Key Policy Rate Unchanged

Third time’s a charm: Increased roll yield seen through the third futures contracts

Indias April Merchandise Trade Deficit Widens on Lower Exports

Hopes for Soft Landing at Stake as Investors await US Data

Conflict, High Borrowing Costs Clip Growth in EBRD Regions

Commerzbank Reports BetterthanExpected 29 Rise in Q1 Profit

Indonesia Records 3.56B Trade Surplus in Apr, above Forecast

May commodity outlook: Reflation or fleeting bounce?

U.K. Labor Data Indicating Cooling, Post PPI Dollar Weakens, Gold Upside Correction, Crude Oil Lower, U.S. Stocks Higher, CPI Inflation Ahea

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