August 2024 – Page 3 – UAG Trade Asia

UK Lenders Approve most Mortgages in July since MiniBudget Crisis

August 30, 2024
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LONDON, Aug 30 Reuters British lenders approved the highest number of mortgages in July since the start of the minibudget crisis in 2022 under former Prime Minister Liz Truss, according to Bank of England data that added to signs of momentum in the housing market. Lenders approved 61,985 mortgages, the most since September 2022 when […]

August 30, 2024
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BENGALURU, Aug 30 Reuters Indian shares hit a fresh peak on Friday, tracking gains in regional peers, after U.S. economic data eased growth concerns, while investors await domestic quarterly growth data. The NSE Nifty 50 index was up 0.27 at 25,218.85 as of 1015 a.m. IST, while the SP BSE Sensex added 0.23 to 82,329.79, with both […]

August 30, 2024
Finance
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Previous Trading Days Events 29.08.2024 Japan Consumer Confidence August index steady at 36.7, below the 36.9 forecast; highest since April with mixed sentiment on durable goods 30.9 and income 39.7. US GDP Growth Q2 2024 GDP revised to 3.0 from 2.8, boosted by consumer spending and private inventory investment. US Jobless Claims Fell 2,000 to […]

August 30, 2024
Business
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HONG KONG, Aug 30 Reuters Concentrated bets on popular Chinese ecommerce giant PDD Holdings may have led to losses in billions of dollars for hedge funds from a crash in its shares following downbeat comments from its executives. U.S.listed shares in PDD, the owner of lowpriced retailer Temu, plummeted 33 this week, and 30 in the third […]

IG Client Sentiment Report: GBP/USD, AUD/USD Reveal a Common Flaw

Recent moves have pitted sentiment against the prevailing trend, which tends to be a common flaw in approach. Cable and AUD/USD express this very observation

August 29, 2024
Business
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LONDON, Aug 29 Reuters Britain39;s secondlargest supermarket group, Sainsbury39;s, said on Thursday it had agreed to acquire 10 leasehold stores from home improvement retailer Homebase to covert into supermarkets. Sainsbury39;s said the acquired stores were in key target locations that would grow its supermarket coverage across England, Northern Ireland and Scotland. The transaction is expected […]

August 29, 2024
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MOSCOW, Aug 29 Reuters Russian imports will fall in 2024, hit by problems with crossborder payments and logistical difficulties linked to Western sanctions, the central bank said in a draft of its monetary policy guidelines for the next three years released on Thursday. Russian companies and officials have been complaining about delays in transactions with […]

August 29, 2024
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Aug 29 Reuters China39;s CNOOC Ltd, believes fossil fuel will be a stabilising factor in global energy demand for the foreseeable future, as the offshore oil and gas major sets a record output target for 2024, its executives said on Thursday. The staterun company aimed to pump 700 million to 720 million barrels of oil […]

August 29, 2024
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AI Safety Institute cofounder fired after election Institute39;s planned San Francisco office may be culled 1.3 billion pounds of AI investments scrapped LONDON, Aug 29 Reuters Britains Labour government is drawing up a new, costcutting artificial intelligence strategy ahead of a crunch autumn budget prioritising public sector adoption of the technology over direct investment into […]

August 29, 2024
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BERLIN, Aug 29 Reuters Inflation fell in six important German states in August due to lower energy prices, preliminary data showed on Thursday, suggesting Germany39;s national inflation rate could decline noticeably this month. In Saxony, the inflation rate fell in August to 2.6 from 3.1 in the previous month, in Brandenburg it fell to 1.7 […]

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UK Lenders Approve most Mortgages in July since MiniBudget Crisis

Indian Shares Hit Record Highs, Set to Post 3rd Straight Monthly Gain

US Jobless Claims Align with Forecast; EURNZD Drops 0.61

Hedge Funds may Lose Billions from Temu Owner PDDs Stock Crash

IG Client Sentiment Report: GBP/USD, AUD/USD Reveal a Common Flaw

UKs Sainsburys Agrees Deal to Acquire 10 Homebase Stores

Russian Cbank sees Imports Falling in 2024, Crimped by Western Sanctions

Chinas CNOOC Says Fossil Fuel Crucial for Foreseeable Future

UK Reshapes its AI Strategy under Pressure to Cut Costs

Inflation Down in Six German States, Pointing to National Decline

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