South Africa coalition, energy flows aid prospects
The boost to South Africa’s prospects from a new market-friendly coalition government means there’s now less uncertainty, based on our quarterly research round up.
Europes Banks See Biggest Weekly Selloff since March 2023
LONDON, Aug 2 Reuters An index of European banks headed for its biggest weekly fall in 17 months on Friday, thanks to soft earnings earlier in the week and a global equity selloff gathering pace. The STOXX index has fallen 5.8 this week, as Friday39;s 2.1 drop built on Thursday39;s 4.5 decline. That would be its […]
BOE Interest Rate reduced and NFP projected at 175K
Previous Trading Days Events 01.08.2024 Australia Balance of Trade Australias trade surplus expanded to AUD 5.59 billion in June 2024, exceeding the AUD 5 billion forecast, with exports increasing 1.7 to AUD 43.77 billion. Euro Area Unemployment Rate Euro Area unemployment rose to 6.5 in June 2024, up from 6.4 in May. United Kingdom Interest […]
S.Korea Inflation Ticks Up in July after 3 mths of Weakening
SEOUL, Aug 2 Reuters South Korea39;s consumer inflation ticked up in July on supplyside pressures after weakening for three straight months, official data showed on Friday, coming in slightly higher than market expectations. The consumer price index CPI in July rose 2.6 from the same month a year earlier, after hitting an 11month low of […]
Japans Economy Likely Rebounded in Q2 on Consumption PickUp Poll
TOKYO, Aug 2 Reuters Japan39;s economy likely rebounded in the AprilJune period after shrinking in the previous quarter thanks to a pickup in factory output and consumption, a Reuters poll showed, helping the central bank make the case for further interest rate hikes. But the yen39;s recent rally and signs of slowdown in the U.S. […]
BoE Rate Cut Boosts Comeback Factor for UK Markets
LONDON, Aug 1 Reuters Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England39;s move to cut interest rates from a 16year high burnishing the feelgood factor from the new British government39;s landslide election win. The BoE cut rates by a quarter point to 5.0 on Thursday, in a decision […]
UK Publics 1Y Inflation Outlook Broadly Stable at 2.7 CitiYouGov
LONDON, Aug 1 Reuters The British public39;s expectations for inflation over the next year remained broadly stable at 2.7 in July compared with 2.6 in the previous month, a monthly CitiYouGov survey said on Thursday. Expectations for inflation five to 10 years ahead were 3.1, slightly above the 3 for June, the survey found. Earlier […]
PBOC Adviser Calls for Greater Stimulus, Inflation Goal
BEIJING, Aug 2 Reuters China should ramp up its fiscal stimulus to spur economic growth and set a firm inflation target to prevent the country falling into a low inflation trap, a central bank policy adviser said in remarks seen on Friday. China39;s leaders signalled this week that fiscal support for the rest of the year will […]
Tata Motors may Look at Hybrids if Demand is Strong, CFO
BENGALURU, Aug 1 Reuters Tata Motors, India39;s largest EVmaker by sales, said on Thursday it would be open to making hybrid cars if demand for the technology surged, but does not support government incentives for it. The 39;Nexon39; SUVmaker, which has raised money from TPG for its electrification push, has urged Indian government officials to maintain their […]
OCBCs Q2 Profit Tops Expectations, Says on Track to Meet 2024 Targets
Q2 net profit jumps to S1.94 bln vs S1.82 bln estimate Net interest margin 2.20 at Q2 vs 2.26 a year earlier Interim dividend raised 10 to 44 Singapore cents ROE rose to 14.2 in Q2 versus 13.5 a year earlier Wealth AUM rises 2 to record level of S279 bln SINGAPORE, Aug 2 Reuters […]