August 2024 – Page 53 – UAG Trade Asia

Londons FTSE 100 Rebounds from Lows amid Broader Gains

August 6, 2024
Finance
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FTSE 100 up 0.6, FTSE 250 adds 1.3 Construction and materials stocks lead broader gains InterContinental Hotels Group jumps after higher Q2 revenue per available room Aug 6 Reuters London stocks rebounded on Tuesday, tracking gains across broader markets, a day after recession fears in the United States triggered a brutal selloff across markets, while […]

August 6, 2024
Finance
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SHANGHAI, Aug 6 Reuters China stocks fell to sixmonth lows on Tuesday despite a regional relief rally, and the yuan eased from Monday39;s sevenmonth high against the dollar, challenging views Chinese assets would be a safe haven from a global market rout. But China39;s longterm yields jumped on fears of governmentorchestrated bond selling to cool […]

August 6, 2024
Finance
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STOXX 600 up 0.4 Monte dei Paschi di Siena up after raising profit outlook Abrdn up after H1 results Aug 6 Reuters European shares inched higher on Tuesday after hitting sixmonth lows in the previous session, resonating with a recovery across global markets and buoyed in part by corporate earnings updates. The STOXX 600 was up […]

Nasdaq 100, Dow and Dax rebound, but is there more to come?

Indices have rebounded from their overnight lows, but can the momentum be sustained?

August 6, 2024
Uncategorized
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SYDNEY, Aug 6 Reuters Australia39;s central bank held interest rates steady on Tuesday as expected, while reiterating that it was not ruling anything in or out to control inflation, a result that led markets to slightly pare back the chance of a November rate cut. Wrapping up its August policy meeting, the Reserve Bank of […]

August 6, 2024
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Aug 6 Reuters German industrial orders rose by more than forecast in June, official data showed on Tuesday, providing a glimmer of hope for Europe39;s largest economy, where recession is back on the cards following a contraction in the second quarter. Industrial orders increased by 3.9 in June on the previous month on a seasonally […]

August 5, 2024
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LONDON, Aug 5 Reuters British services companies reported an influx of new orders and the biggest rise in employment for over a year during July as optimism rose on the back of Prime Minister Keir Starmer39;s election victory, a survey showed on Monday. The SP Global UK Services Purchasing Managers Index rose in July to […]

August 5, 2024
Business
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Aug 5 Reuters Semiconductor startup Groq said on Monday it has raised 640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, bringing its valuation to 2.8 billion. The Silicon Valley firm, founded by a former Alphabet engineer, specializes in producing AI inference […]

August 5, 2024
Business
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Aug 5 Reuters Shares of Pringles maker Kellanova surged more than 16 in trading before the bell on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company. A deal between Mars and Kellanova, known for snacks brands such as Rice Krispies Treats and PopTarts, would be one of […]

August 5, 2024
Business
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BENGALURU, Aug 5 Reuters India39;s Bharti Airtel reported firstquarter profit above expectations on Monday as more users paid for faster and higher margin 4G and 5G services. Consolidated net profit for the first quarter rose more than two fold to 41.60 billion rupees 495 million, beating analysts39; average estimate of 38.69 billion rupees, per LSEG data. […]

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Londons FTSE 100 Rebounds from Lows amid Broader Gains

China Stocks, Yuan Ease Despite Regional Rebound

Europes STOXX 600 Gains on Global Recovery, Earnings Boost

Nasdaq 100, Dow and Dax rebound, but is there more to come?

RBA says Policy Needs to be Restrictive after Holding Steady

German Industrial Orders Swell in Ray of Hope for Weak Economy

Growth Picks Up among UK Services Firms after Election Result, PMI Shows

AI Chip Startup Groq Valued at 2.8B after Latest Funding Round

Kellanova Jumps on Report of Buyout Interest from Snickers Maker Mars

Indias Bharti Airtel Beats Q1 Profit Estimates

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