July 2024 – Page 47 – UAG Trade Asia

Chilly June Prompts UK Consumers to Cut Back their Spending

July 9, 2024
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July 9 Reuters British consumer spending contracted in June, hurt by bad weather, according to surveys on Tuesday that added to recent signs of the country39;s tepid economic growth that the new Labour government has promised to boost. Barclays said spending on its credit and debit cards fell by 0.6 in annual terms in June […]

July 9, 2024
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July 8 Reuters Moody39;s cut Kenya39;s sovereign rating deeper into junk territory on Monday, citing diminished capacity to implement a fiscal consolidation strategy to contain its debt burden. The credit ratings agency downgraded the country39;s local and foreigncurrency longterm issuer ratings and foreigncurrency senior unsecured debt ratings to Caa1 from B3. In June, Kenyan President […]

July 9, 2024
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BOT says Thailand needs higher economic growth Says wants to ensure inflation is not too high Says current household debt levels higher than desirable BANGKOK, July 9 Reuters Thailand needs stronger economic growth as the current potential growth rate of about 3 is not high enough to help the economy expand sustainably in the long […]

July 9, 2024
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STOXX 600 down 0.1 Indivior drops on lower profit forecast BP slide on Q2 warning erases stock39;s gains in 2024 Dassault Systemes falls after guidance cut July 9 Reuters European shares dipped on Tuesday as investors awaited Federal Reserve Chair Jerome Powell39;s testimony to gauge the likelihood of a rate cut in September, while Indivior […]

July 9, 2024
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MOSCOW, July 9 Reuters Russia39;s budget deficit remained flat at 0.5 of gross domestic product GDP in June, the same as in May, as growth in nonoil and gas revenues offset spending, the finance ministry said on Tuesday. At the same period of last year, the budget deficit was more than twice as large, at […]

July 9, 2024
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Exports 23.5 yy vs 11.45 forecast in Reuters poll Exports to China 7.3 yy prior month 5.3 Exports to U.S. 74.2 yy prior month 36.4 Sees exports in July 3 to 6 yy Sees uptrend in export momentum continuing into H2 TAIPEI, July 9 Reuters Taiwan39;s exports rose more than expected in June, with the […]

July 9, 2024
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TOKYO, July 9 Reuters The Bank of Japan on Tuesday released a summary of opinions it collected in a survey of bond market participants on how the central bank should taper its huge bond purchases. Some bond market participants called for reducing the BOJ39;s monthly government bond purchases to around 2 trillion to 3 trillion […]

July 9, 2024
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FRANKFURT, July 9 Reuters Germany39;s largest industrial union has confirmed a demand for 7 higher wages, previously recommended by its leadership for this year39;s collective bargaining round, a key indicator of wage growth in the euro area. Inflation rates may well be declining but the prices to pay at the checkout remain high for people, […]

July 9, 2024
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Previous Trading Days Events 08.07.2024 Winners vs Losers USDCHF climbed to the top as the USD stabilised from weakening and the CHF started to lose ground. JPY pairs JPY as Quote reached the top again as the JPY experienced some weakening against other currencies. Silver still thrives this month with 6.5 gains. News Reports Monitor […]

July 9, 2024
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LONDON, July 9 Reuters The BlackRock Investment Institute BII said on Tuesday that Japan stocks were its favoured equity investment play, while the prospect of higherforlonger interest rates made inflationlinked bonds attractive on a strategic horizon. Japanese equities are our highest conviction equity view thanks to support from the return of mild inflation, shareholderfriendly corporate […]

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Chilly June Prompts UK Consumers to Cut Back their Spending

Moodys Pushes Kenyas Rating Deeper into Junk

Thai Cbank Head Says 3 Potential Growth Rate not High Enough

Europes STOXX 600 Dips ahead of Powell Testimony; Indivior Sinks

Russian Budget Deficit Stays Flat in June as nonEnergy Revenues Rise

Taiwan June Exports Tops Forecasts on AI Demand, U.S. Market Soars

BOJ Releases Summary of Market Views on Bond Taper Plan

German Metalworkers Union Reaffirms 7 Pay Rise Demand

USD Stabilised, Gold Plunged, Crude Oil Retreats, U.S. Indices Strong Volatility and Uptrend, Dow Jones Resists Upside, Powell and Yellen Speeches ahead

Japan Stocks are BlackRocks Favourite Equity Play

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