Yuan Strengthens on Pledged Policy Support, Sterling Rebounds Ahead of Central Bank Meetings
China’s yuan strengthens as leaders promise policy support, while euro and sterling stabilize ahead of central bank meetings.
Shams Ul Zoha
ZuluTrade Announces Partnership with Hextra Prime, Expanding Trading Opportunities
Finvasia’s ZuluTrade collaborates with Hextra Prime, enhancing its social trading platform, offering clients access to diverse trading opportunities.
Oil Prices Rise on Tighter Supply and Chinese Stimulus, Amid Fed Meeting Anticipation
Oil prices climb to three-month highs as signs of tighter supply and Chinese stimulus offset uncertainty over the Federal Reserve meeting.
Asian Currencies Strengthen Amid Dollar Weakness and Chinese Stimulus Expectations
Most Asian currencies gain strength as the dollar weakens and Chinese stimulus promises boost sentiment, ahead of the Federal Reserve meeting.
European Stock Markets Await Corporate Earnings and Central Bank Meetings
European stock markets open slightly lower as investors anticipate corporate earnings and updates from the Federal Reserve and European Central Bank.
Volvo Cars Reports 54% Drop in Q2 Operating Earnings, Expects Healthy Demand Despite Pricing Pressures
Sweden-based automaker Volvo Cars reported a significant decline in Q2 operating earnings due to a one-off gain in the previous year.
European Carriers Set to Reap Earnings as North American Tourists Fuel Travel Demand
European airlines, including Air France-KLM, Lufthansa, and British Airways-owner IAG, are expected to see healthy earnings as North American tourists travel to Europe after prolonged pandemic lockdowns.
Jio Financial Services Valued at $20 Billion in Demerger from Reliance Industries
Jio Financial Services (JFS) has been valued at approximately $20 billion after its demerger from Reliance Industries, expanding the conglomerate’s presence in the financial services sector.
Nokia Reports Second-Quarter Profit Drop Amid Slowing North American Demand
Finnish telecom gear group Nokia reported a decline in second-quarter profit due to slowing demand in North America, despite growth in sales of 5G gear in low-margin markets like India.
“Japan Stocks Slip as Transportation and Food Sectors Drag Nikkei 225 Down”
The Nikkei 225 index in Tokyo closed 1.31% lower on Thursday, with losses primarily driven by the Transportation Equipment, Fishery, and Food sectors.
