May 2024 – Page 68 – UAG Trade Asia

UKs FTSE 100 Edges Higher ahead of Fed Outcome

May 1, 2024
Finance
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FTSE 100 up 0.3, FTSE 250 flat Aston Martin drops after biggerthanexpected Q1 pretax loss Haleon falls after missing Q1 revenue estimates U.S. Fed policy decision due at 1800 GMT May 1 Reuters Britain39;s FTSE 100 rose on Wednesday after recording backtoback monthly gains, with investors awaiting the Federal Reserve39;s policy decision later in the […]

UK Factories Slip Back into Downturn as Cost Pressures Rise, PMI Shows

LONDON, May 1 Reuters British manufacturing fell back into contraction in April and cost pressures escalated, although the pace of decline was a little less marked than first feared, a survey showed on Wednesday. The SP Global UK Manufacturing Purchasing Managers39; Index PMI fell in April to 49.1. While higher than a preliminary flash estimate […]

Portugal Swings to Unexpected 276 Million Budget Deficit

LISBON, May 1 Reuters Portugal swung to an unexpected budget deficit of 259 million euros 276 million in the first quarter from a surplus of 5.1 billion euros a year ago, the finance ministry said, blaming the previous government for last minute measures that worsened accounts. It said in a statement late on Tuesday that […]

Japans Factory Activity Falls Slow, PMI Shows

TOKYO, May 1 Reuters Japan39;s factory activity shrank at a slower pace in April as declines in output and new orders eased, a privatesector survey showed on Wednesday. Inflationary pressure continued but firms found market demand was strong enough to allow them to raise output costs, the survey found. The final au Jibun Bank Japan […]

S.Korea Exports Rise for 7th Month on Growing Chip Demand

SEOUL, May 1 Reuters South Korea39;s exports rose for a seventh straight month in April, trade data showed on Wednesday, as strong demand for chips continued to lead growth while automobile sales and U.S. shipments climbed to record highs. Overseas sales by Asia39;s fourthlargest economy rose 13.8 from the same month a year earlier to […]

US Spending on London Real Estate Rebounds to Highest in 8Y

LONDON, May 1 Reuters U.S. investors are buying up London commercial property at the fastest rate in eight years, data compiled by BNP Paribas39;s real estate arm showed, lured by signs the market in Britain is recovering faster than the harderhit United States. Commercial property values and sales have plunged globally in recent years including in Britain […]

BOJs Hawkish Whispers Drowned Out by Rowdy Yen Selloff

BOJ39;s quarterly report signals several rate hikes forthcoming Governor Ueda drops sign of rate hike around autumn this year Ueda flags raising rates to level deemed neutral to economy Analysts say BOJ could hike rates to 1 by around late 2025 BOJ39;s neutral rate estimate may serve as future policy cue TOKYO, May 1 Reuters […]

UK House Prices Fall Unexpectedly in April, Nationwide Data

LONDON, May 1 Reuters British house prices fell unexpectedly for a second month running during April, figures from mortgage lender Nationwide showed on Wednesday. House prices fell 0.4 monthonmonth, after a 0.2 drop in March. A Reuters poll had pointed to a 0.2 increase. In annual terms, house price growth cooled to 0.6 from 1.6. […]

FTSE 100 Bucks the Trend and Remains Bid amid Jittery Dow and S&P 500 ahead of FOMC

Outlook on FTSE 100, DOW and S&P 500 ahead of FOMC and Non-Farm Payrolls.

May 1, 2024
Business
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BANGKOK, May 1 Reuters Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services. The news comes a day after Chief Executive Satya Nadella announced investments worth 1.7 billion investments in artificial intelligence AI and cloud facilities in neighbouring Indonesia. The datacenter region […]

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UKs FTSE 100 Edges Higher ahead of Fed Outcome

UK Factories Slip Back into Downturn as Cost Pressures Rise, PMI Shows

Portugal Swings to Unexpected 276 Million Budget Deficit

Japans Factory Activity Falls Slow, PMI Shows

S.Korea Exports Rise for 7th Month on Growing Chip Demand

US Spending on London Real Estate Rebounds to Highest in 8Y

BOJs Hawkish Whispers Drowned Out by Rowdy Yen Selloff

UK House Prices Fall Unexpectedly in April, Nationwide Data

FTSE 100 Bucks the Trend and Remains Bid amid Jittery Dow and S&P 500 ahead of FOMC

Microsoft to Open First Regional Data Centre in Thailand

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