Swedbank Exceeds (SWEDa.ST) reported second-quarter net profits that surpassed expectations on Tuesday, driven by strong trading income and lower loan losses amid uncertain economic conditions. The bank’s CEO, Jens Henriksson, highlighted that while loan demand remained stable in Baltic countries, overall loan volumes remained subdued, reflecting cautious borrower sentiment. Financial Performance Swedbank’s net profit for …
BlackRock Assets, the world’s largest asset manager, reported that its assets under management surged to a record $10.65 trillion in the second quarter. This increase was driven by rising client asset values and significant inflows into the company’s exchange-traded funds (ETFs)amid robust performance in global stock markets. Market Performance and Asset Growth During the reported …
BlackRock Assets Reach Record-High $10.65 Trillion Read More »
Yen Backs Off fell on Tuesday against a basket of major rivals, marking the second consecutive day of losses against the dollar. This decline comes as traders take profits and the market anticipates confirmation of the Bank of Japan’s (BOJ) suspected intervention in the forex market last Friday. Dollar Gains Tempered by Powell’s Remarks Despite …
Copper Decline prices fell on Monday even as the dollar stabilized against most major rivals. This decline comes as markets evaluate the global demand outlook, particularly focusing on significant inventory levels and tepid demand from key consumers like China. Copper Inventories Surge Copper inventories at the London Metals Exchange (LME) reached 195,475 tonnes, the highest …
Copper Decline as Markets Assess Global Demand Outlook Read More »
Gold Backs prices have dipped in European trade, stepping away from recent two-month highs as investors engage in profit-taking. This trend occurs as the US dollar rebounds against a basket of major currencies. Later today, Federal Reserve Chair Jerome Powell is set to speak about the inflation fight in the US and the future of …
Gold Backs Off Two-Month High Ahead of Powell’s Remarks Read More »
The Yen Trades has been making headlines lately, rising against a basket of major rivals and maintaining gains for three consecutive sessions against the dollar. Trading near a three-week high, the yen’s performance has been closely monitored by Japanese authorities, who might intervene in the forex market once again. But what exactly is driving this …
