May 2024 – Page 59 – UAG Trade Asia

Indonesias Q1 GDP Growth Beats Forecasts, Highest in 3 Quarters

JAKARTA, May 6 Reuters Indonesia39;s economy grew by 5.11 in the first quarter from a year earlier, the highest in three quarters and slightly faster than expected, bolstered by spending for the country39;s general election, data from the statistics bureau showed on Monday. Economists polled by Reuters had expected Indonesia to post annual growth of […]

May 4, 2024
Finance
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May 3 Reuters U.S. investors were net sellers of equity funds for a fifth successive week in the seven days to May 1, exercising caution ahead of the Federal Reserve39;s policy decision and scaling back expectations for interest rate cuts that were prevalent at the start of the year. According to LSEG data, investors shed […]

May 4, 2024
Forecast
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The US dollar turned sharply lower after the recent, weaker-than-expected US Jobs Report, boosting EUR/USD back above 1.0800. A lack of meaningful EU data next week will leave the Euro exposed.

April US Jobs Report Shows Looser Labor Market, Good News for Fed

May 3 Reuters U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely require more such signals before pivoting from a higher for longer policy. Nonfarm payrolls increased by 175,000 jobs last […]

May 4, 2024
Business
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BENGALURUCHENNAI, May 3 Reuters Indian biscuit maker Britannia Industries beat estimates for fourthquarter profit on Friday, aided by resilient demand from urban consumers. Consumer goods makers have seen steady demand for certain food items such as chocolates and biscuits, especially in urban areas, while prices of key raw materials including wheat, milk and sugar have eased, […]

May 4, 2024
Business
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BARCELONALONDON, May 3 Reuters Beauty group Puig39;s shares closed flat in their market debut on Friday, a lukewarm reception to Spain39;s largest initial public offering in almost a decade. Shares rose at the start of trading but soon pared gains before falling back to their issue price of 24.5 euros. Earlier this week, the owner of […]

May 4, 2024
Business
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LONDON, May 3 Reuters As Adidas aims to build on hot demand for its threestriped white and black Samba and multicoloured Gazelle sneakers, it39;s also taking steps to prevent the shoes from becoming victims of their own success. The German sportswear giant ramped up production of the sneakers, known as terrace shoes and inspired by soccer […]

May 3, 2024
Oil
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OPEC could extend supply cuts beyond June, sources say Upcoming U.S. oil and gas weekly rig count LONDON, May 3 Reuters Oil prices edged higher on Friday, but headed for their steepest weekly loss in three months as uncertainty about demand and high interest rates drove a selloff limited by the prospect OPEC will continue to […]

May 3, 2024
Politics
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Norges Bank maintains policy rate at 4.50 Tight policy could last longer Had previously signalled September rate cut Crown currency strengthens OSLO, May 3 Reuters Norway39;s central bank kept interest rates on hold at 4.50 on Friday, as unanimously expected by analysts, and said a tight monetary policy stance may be needed for somewhat longer than planned […]

May 3, 2024
Finance
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MUMBAI, May 3 Reuters The Indian rupee is expected to march higher at open on Friday, like its Asian peers, fuelled by the drop in U.S. Treasury yields before the U.S jobs report. Nondeliverable forwards indicate the rupee will open at 83.35 to the U.S. dollar, compared with its close of 83.47 in the previous […]

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Indonesias Q1 GDP Growth Beats Forecasts, Highest in 3 Quarters

US Equity Funds Witness Outflows for Fifth Week in a Row

Euro Weekly Forecast: EUR/USD Gains May be Limited, EUR/GBP Eyes BoE Decision

April US Jobs Report Shows Looser Labor Market, Good News for Fed

Indias Britannia Beats Profit Estimates on Steady Demand

Beauty Group Puig Gets Lukewarm Reception in Spanish Market Debut

Adidas Plots to Swerve Samba Slump

Oil Prices Set for Steepest Weekly Drop in 3 Months

Norway Keeps Rates on Hold, may Extend Tight Policy

Rupee to Rise on Asia Rally Heading into US Jobs Report

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