May 2024 – Page 57 – UAG Trade Asia

Traders Prep for Another Round of Yen WhackaMole

May 6, 2024
Finance
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Markets on edge after suspected yen intervention this week Looming public holidays add to trader unease 160 seen as line in sand for the BOJ LONDON, May 2 Reuters Japan39;s attempts to shore up its currency are putting trading desks across the globe on high alert and dealers are taking no chances ahead of a […]

May 6, 2024
Finance
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MUMBAI, May 6 Reuters The Indian rupee is likely to open largely unchanged on Monday, despite a drop in U.S. Treasury yields and the dollar after the monthly U.S. jobs report made it more likely that the Federal Reserve will cut interest rates later in the year. Nondeliverable forwards indicate the rupee will open flat […]

May 6, 2024
Finance
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BENGALURU, May 6 Reuters Indian shares inched higher in choppy trading on Monday, as a drop in the stateowned lenders limited gains from the country39;s information technology stocks on rising hopes of U.S. rate cuts. The bluechip Nifty 50 edged 0.1 higher to 22,499 points as of 1125 a.m. IST, while the SP BSE Sensex increased by […]

May 6, 2024
Finance
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JOHANNESBURG, May 6 Reuters The South African rand was stronger in early trade on Monday, after private sector activity rose marginally in April. At 0724 GMT, the rand traded at 18.4650 against the dollar , about 0.3 stronger than its previous close. The dollar traded near its previous close of 105.17 against a basket of […]

May 6, 2024
Finance
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LONDON, May 6 Reuters The dollar was a touch lower on Monday as a soft U.S. jobs report boosted wagers that the Federal Reserve may still cut rates this year, while the yen lurched lower after last week39;s suspected intervention fuelled a wild ride. The yen last week clocked its strongest weekly gain since early December 2022 following two bouts […]

May 6, 2024
Finance
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Atos choppy after restructuring offers, warns of share dilution Demant shares fall after Q1 sales miss PostNL falls after Q1 miss, Mail volumes drop Maurel jumps after receiving Specific License in Venezuela May 6 Reuters European shares rose on Monday, with investor optimism over interest rate cuts from major central banks back to the fore, […]

May 6, 2024
Finance
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MOSCOW, May 6 Reuters Russia39;s finance ministry said on Monday that it would halve its purchases of foreign currency and gold in the month ahead. The finance ministry said its purchases of foreign currencies and gold for the period from May 8 to June 6 would amount to the equivalent of 110.94 billion roubles 1.21 […]

Chinas Services Activity Eases in April but still Solid

BEIJING, May 6 Reuters China39;s services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained economic recovery, a private sector survey showed on Monday. The CaixinSP Global services purchasing managers39; index PMI eased to 52.5 from a […]

Chinese Tariffs could Leave Cognac Makers with too Much Brandy

LONDON, May 6 Reuters High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters39; calculations, analysts, and investors who fear firms could be forced to discount. China opened an antidumping investigation into brandy imported from the European Union in January, sparking fears […]

Indras Net Profit Rises 40 in Q1

May 6 Reuters Spanish defence and technology firm Indra said on Monday its net profit rose 40 to 61 million euros 66 million in the first quarter, supported by strong orders as global tensions spur demand for air defences. It reported a net profit of 44 million euros in the same period one year ago. After […]

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Traders Prep for Another Round of Yen WhackaMole

INR Unlikely to Benefit from Softer US Payrolls, Upbeat Risk

Indian Shares Edge Up, with IT Gains Battling StateRun Banks Drop

South African Rand Gains on Stronger PMI Data

Dollar Soft on Renewed Rate Cut Bets; Yen Starts Week on Back Foot

European Shares Climb on Energy Boost, RateCut Hopes

Russias Finance Ministry to Halve FX Purchases in Coming Month

Chinas Services Activity Eases in April but still Solid

Chinese Tariffs could Leave Cognac Makers with too Much Brandy

Indras Net Profit Rises 40 in Q1

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