TOKYO, Aug 22 Reuters The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish Federal Reserve and fresh signs of weakness in the U.S. job market backed the case for interest rate cuts. The dollar sagged below the closely watched 145 yen mark after U.S. Treasury […]

MUMBAI, Aug 22 Reuters The Indian rupee was marginally weaker on Thursday amid a pause in the rally in Asian peers, while forward premiums rose after Federal Reserve minutes and downward revisions to U.S. payrolls made it almost The rupee was quoted at 83.9425 to the U.S. dollar at 10.36 a.m. IST, down from 83.9225 […]

SINGAPORE, Aug 22 Reuters Oil fell for a fifth day in a row on demand jitters on Thursday, stocks were subdued in Asia, and the dollar hovered near oneyear lows as Federal Reserve minutes signalled that U.S. interest rate cuts are set to begin in a few weeks39; time. The minutes validated bets on a […]

FTSE 100 up 0.3, FTSE 250 off 0.2 Automobile and parts sector leads gains JD Sports gains after Q2 sales rise Aug 22 Reuters The UK39;s benchmark FTSE 100 stock index rose on Thursday, as rising optimism around an imminent interest rate cut by the U.S. Federal Reserve boosted sentiment, while JD Sports gained after […]

Previous Trading Days Events 21.08.2024 Crude Oil Inventories US crude oil inventories decreased by 4.649M barrels, outperforming the 2.72M forecast, with Cushing stocks falling by 560K barrels. Gasoline saw a largerthanexpected drop of 1.606M barrels, exceeding the 1M estimate, while distillates fell by 3.312M barrels, contrasting with a projected 40K barrel increase. FOMC Meeting Minutes […]

French PMI at 55; German PMI at 48.5 Euro Zone PMI at 51.2 STOXX 600 up 0.5 Aug 22 Reuters European shares rose on Thursday as investors sifted through a wave of economic data from major European economies, while anticipating the start of the Federal Reserve39;s Jackson Hole conference later in the day. The panEuropean […]

Global private banks dominant in Asia, including UBS, HSBC and JPM, may need to dedicate more resources to serve family offices in the region.