July 2024 – Page 36 – UAG Trade Asia

Swatch Sales, Profits Slump on Weak China Demand, Hammering Shares

July 15, 2024
Business
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Shares in watchmaker tumble 11 Foreign exchange impact eats into sales Weak demand in China hurts business ZURICH, July 15 Reuters Swatch Group, the world39;s biggest watchmaker, reported a steep drop in first half sales and earnings on Monday as demand for luxury goods in China remained weak, but forecast business would improve significantly later […]

July 15, 2024
Oil
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China39;s secondquarter GDP misses forecasts Iraq says it will compensate for oil overproduction Fed39;s Powell talks later on Monday, markets bet on Sept cut LONDON, July 15 Reuters Oil held its ground on Monday as downward pressure from concern about demand in top importer China offset support from strong demand elsewhere, OPEC supply restraint and […]

July 15, 2024
Finance
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LONDON, July 15 Reuters Sterling steadied against the dollar on Monday after its biggest weekly jump since May last week as markets tempered expectations for an August rate cut from the Bank of England. Traders were now awaiting UK inflation data on Wednesday for more clues on interest rate policy. The pound was last down […]

July 15, 2024
Finance
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FTSE 100 down 0.6, FTSE off 0.5 Burberry falls to 14year low after profit warning Robert Walters dips after fall in quarterly net fees British CPI data on tap July 15 Reuters London stocks slipped on Monday, as lower commodity prices and political uncertainty in the United States weighed on risk appetite, while luxury retailer […]

July 15, 2024
Finance
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Previous Trading Days Events 12.07.2024 U.S. producer prices increased slightly more than expected in June amid a rise in the cost of services, but that did not change expectations that the Federal Reserve could start cutting interest rates in September. There does not appear to be much inflation pressure percolating on the factory floors that […]

July 15, 2024
Finance
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Burberry drops to STOXX 600 bottom on CEO exit, profit warning ECB President Christine Lagarde to speak later in the day STOXX 600 down 0.1 July 15 Reuters European shares moved lower on Monday after a raft of dour updates from companies made investors, already jittery from the assassination attempt on U.S. presidential candidate Donald […]

USD Outlook: EUR/USD, GBP/USD, AUD/USD Technical Setups

US CPI and a dovish dollar repricing has impacted numerous USD pairs. Find out where major FX pairs are positioned at the start of the week with the help of the CoT report

July 15, 2024
Uncategorized
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China39;s Q2 GDP grows less than forecast Factory output, retail sales growth slows More policy support seen needed to keep growth on track BEIJING, July 15 Reuters China39;s economy grew much slower than expected in the second quarter as a protracted property downturn and job insecurity knocked the wind out of a fragile recovery, keeping […]

July 15, 2024
Uncategorized
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BEIJING, July 15 Reuters China39;s economy expanded 4.7 in the second quarter from a year earlier, official data showed on Monday, missing analysts39; expectations, even as policymakers seek to boost domestic demand amid a protracted property downturn. Analysts polled by Reuters had expected secondquarter gross domestic product GDP to expand 5.1 from a year earlier, […]

July 15, 2024
Uncategorized
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BEIJING, July 15 Reuters China39;s coal output rose to a sixmonth high in June, statistics bureau data showed on Monday, notching the first yearonyear increase of 2024 as safety inspections that constrained production earlier in the year eased. The world39;s largest coal producer mined 405.38 million metric tons of the fuel last month, a 3.6 […]

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Swatch Sales, Profits Slump on Weak China Demand, Hammering Shares

Oil Holds its Ground as Chinese Demand Concerns Weigh

Sterling Steadies after Biggest Weekly Jump in 2 Months, Eyes on CPI

London Stocks Slip as Burberrys Profit Warning, US Political Jitters Weigh

U.S. PPI Inflation Accelerated, U.S. Consumer Sentiment and Inflation Expectations Lowered, U.S. Indices Jumped, Bitcoin Corrected Significantly, Trump Avoided Getting Shot

European Shares Slip on Earnings Drag; Burberry Leads Losses

USD Outlook: EUR/USD, GBP/USD, AUD/USD Technical Setups

Chinas Economy Falters, Raises Pressure for more Stimulus

Chinas Q2 GDP Grows 4.7 yy, below Forecast

Chinas June Coal Output Hits 6mth High, Safety Inspections Ease

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