Key Takeaways:
- 💵 Dollar softened against the yen as traders took profits and sifted through data
- 🏠 U.S. housing numbers were disappointing, impacting the greenback
- 📉 Dollar fell 1.04% against the Japanese yen
- 📊 Despite U.S. economic data easing recession fears, yen saw weekly decline
- 🌐 Corrective tone in the FX market with yen strong, dollar giving back gains
- 📈 Improved economic outlook boosted sterling, retail sales increased in U.S.
- 🎤 Fed Chairman Powell’s speech awaited, no pre-commitment to rate cut expectations
- 💱 Yen weak but improving, pound a bright spot with retail sales boost
- 💰 Japanese investors buying more overseas bonds, foreigners buying short-term Japanese debt
- ⚽ Sterling on track for weekly rise, boosted by extra spending during Euros football championship
- 💸 Dollar has softened while yen is set for a weekly fall
- 📈 Stay updated with market news, stock tips, and expert advice on ETMarkets
- 💼 Top trending stocks include SBI, Axis Bank, HDFC Bank, Infosys, Wipro, and NTPC
- 📰 Ola Electric story features Bhavish Aggarwal
- 💼 HNIs invested in Piramal PMS
- 🚗 Tata Motors takes a contrarian view on hybrids
- 🇨🇳 EVs are 40% Chinese, highlighting the global nature of the automotive industry
- 📉 IT’s slump-driven offshoring work is in reverse gear
- 💼 Mutual funds with top performance, including tax-saving options, better than fixed deposits, high return funds, and more are featured
- 💹 Top calculators, searched companies, commodities, and slideshows are available
- 🍺 The Brews & Spirits Expo 2024 is set to take place from September 4-6, 2024, in Bengaluru, India.
- 🍷 The expo is dedicated to the beer, wine, and spirits industries in India, bringing together various stakeholders in the alcobev community.
- 🥃 The event will showcase cutting-edge technologies, innovative products, and exhibitors from around the globe.
- 🍻 Bengaluru’s vibrant tech ecosystem and microbrewery culture make it an ideal host city for the expo.
- 🍸 The expo will feature a technical workshop on beer recipe creation and refining, as well as insightful conference sessions on industry trends and challenges.
- 🥂 Participants can network with industry peers, attend masterclasses, workshops, and fireside chats to foster collaborations and partnerships.
Article:
The financial markets saw interesting movements this week, with the dollar showing signs of softening against the yen as traders analyzed data and took profits. U.S. housing numbers also played a role in impacting the greenback’s performance negatively. Despite some positive economic data in the U.S. easing recession fears, the yen still experienced a weekly decline.
On the other hand, risk-sensitive currencies like sterling were firm thanks to an improved economic outlook, and sterling itself benefited from an increase in retail sales in the U.S. Fed Chairman Powell’s upcoming speech is eagerly awaited, with no pre-commitment expected to rate cut expectations.
The Japanese yen weakened, but recent movements suggest it is on the path to improvement. Meanwhile, sterling saw a rise due to positive British retail sales data, set for a 1.2% weekly increase. With various market news, stock tips, and expert advice available, staying updated remains crucial for investors.
In the realm of other trending news, top stocks such as SBI, Axis Bank, HDFC Bank, Infosys, Wipro, and NTPC gained attention. Additionally, insights into Ola Electric, HNIs investing in Piramal PMS, Tata Motors’ perspective on hybrids, and the global dominance of Chinese EVs were noted. Notably, mutual funds showcased top performance, offering alternatives to fixed deposits, and various calculators and commodities continued to attract interest.
Looking beyond financial markets, the Brews & Spirits Expo 2024 is set to take place in Bengaluru, India, presenting an opportunity for stakeholders in the beer, wine, and spirits industries to connect, showcase innovations, and participate in industry-centric workshops and sessions. The vibrant tech ecosystem and microbrewery culture in Bengaluru make it an ideal host city for this upcoming event, with ample networking and collaboration prospects anticipated.