27 August

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Analysis-Evergrande to speed up asset sales as hopes swirl about gov’t lifeline By Reuters

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By Clare Jim HONG KONG (Reuters) - Too big to fail or too tough to save? As China's debt-laden No. 2 property developer lurched from one crisis to another in recent months its creditors, investors, suppliers, and bankers agonised over its fate with little hope on the horizon. But industry watchers say clear signs are now emerging that authorities at various levels are stepping in to avoid a hard landing for China Evergrande Group, amid worries about the "social impact" of a possible collapse that could cascade through the country's financial system. "Its huge balance...

27 August

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Exclusive-Microsoft warns thousands of cloud customers of exposed databases By Reuters

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By Joseph Menn SAN FRANCISCO (Reuters) -Microsoft on Thursday warned thousands of its cloud computing customers, including some of the world's largest companies, that intruders could have the ability to read, change or even delete their main databases, according to a copy of the email and a cyber security researcher. The vulnerability is in Microsoft (NASDAQ:MSFT) Azure's flagship Cosmos DB database. A research team at security company Wiz discovered it was able to access keys that control access to databases held by thousands of companies. Wiz Chief Technology Officer Ami Luttwak is a former chief technology...

27 August

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Dollar holds firm as Fed hawks urge early taper ahead of Powell’s speech By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The dollar held firm on Friday after the U.S. Federal Reserve's hawkish wing called for tapering bond purchases as investors looked to a highly-anticipated speech by Fed Chair Jerome Powell later in the day. The dollar index stood at 93.032, bouncing back from Thursday's low of 92.807 as the euro traded at $1.1755, having eased from the previous day's high of $1.1779. The common currency was not helped by a survey showing German consumer sentiment darkened heading into September due to accelerating inflation and rising COVID-19 cases. Sterling also dropped...

27 August

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S&P 500 Stalls Amid Caution on Wall Street Ahead of Powell By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 stumbled Thursday, as investors erred on the side of caution amid expectations the Federal Reserve could drop its clearest hint yet that loose monetary policy measures will be reined in sooner rather than later. The S&P 500 fell 0.6%, the Dow Jones Industrial Average slipped 0.5%, or 192 points, and the Nasdaq fell 0.6%. Ahead of the symposium on Friday, Fed speakers have signaled that the central bank is keen to begin tapering its monthly bond purchases to avoid having to play catchup later down line and risk...

27 August

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Dell beats revenue estimates as remote work fuels demand By Reuters

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(Reuters) - Dell Technologies Inc beat market estimates for second-quarter revenue on Thursday as the shift to hybrid work kept demand strong for its laptops, desktops and cloud services. People globally continue to spend on computer devices even after a year of working from home. Figures from International Data Corp showed shipments of PCs rose 13% from April to June, but the pace of growth was much slower than last year's frenzy. While the industry has faced pressure from components shortage and supply chain woes, revenue at Dell's client solutions unit - home to its hardware...

27 August

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Old Navy, Athleta power Gap sales forecast, shares jump By Reuters

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(Reuters) - Gap Inc (NYSE:GPS) on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands as socializing makes a comeback with easing pandemic curbs. Shares jumped 7% in extended trading after Gap said Old Navy's net sales increased 21% in the second quarter from 2019 levels, while Athleta surged 35%. San Francisco-based Gap also lifted its annual profit estimate, with both forecasts coming in above Wall Street expectations as the return to relative normalcy powers sales across the apparel industry - from...

26 August

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MARKET WRAP: FTSE falls ahead of Powell, USD higher, oil lower after weekly gains By Investing.com

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Key Points FTSE 100 closing price of 7,126, -0.33% Hays higher after strong H2 USD stronger following GDP, Fed comments Crude oil falls after weekly bounce Bitcoin falls back below $47,000 By Samuel Indyk Investing.com – The FTSE 100 finished the trading day in the red ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. In individual stocks news, Hays (LON:HAYS) shares were trading higher following a trading update. The recruitment company reinstated dividend payments following a strong second half of the financial year. “Overall, the strength of the recovery...

26 August

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England adds Thailand and Montenegro to travel red list By Reuters

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LONDON (Reuters) -England will add Thailand and Montenegro to its "red list" of destinations that require travellers to quarantine in a hotel on their return, the government said. Canada, Denmark, Finland, Lithuania, Switzerland, Liechtenstein and the Azores would be added to England's "green list" of places that are safe to visit without requiring quarantine on return. All changes to the lists will come into effect at 0400 (0300 GMT) on Monday 30 Aug., the government said. ...

26 August

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Bridgewater’s Jensen Says Fed Taper Will Be Faster Than Expected By Bloomberg

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(Bloomberg) -- The Federal Reserve will likely taper its asset purchases faster than the markets expect, and interest rates will rise more quickly as well, according to Greg Jensen of Bridgewater Associates, the world’s largest hedge fund. “The economy is going to pull the Fed,” Jensen, the firm’s co-chief investment officer, said in a Bloomberg TV interview on Thursday. “There’s certainly inflation well above their target and we think it will continue to accelerate if the Fed doesn’t move.” The central bank’s accommodative monetary policy in the face of robust growth presents opportunities for investors, Jensen...

26 August

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London’s FTSE 100 drops as mining, financial stocks weigh By Reuters

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By Shashank Nayar and Amal S (Reuters) - London's FTSE 100 fell on Thursday, dragged down by heavyweight mining and financial stocks, as investors weighed risks from rising global COVID-19 infections and supply chain disruptions. The blue-chip FTSE 100 index ended 0.4% lower, snapping a four-day winning streak, with Rio Tinto (LON:RIO), BHP Group, Anglo American (LON:AAL) and Polymetal International being among the top drags. The domestically focussed mid-cap index eased 0.1% after scaling record highs in the previous session, with travel-related stocks leading the declines. "Broadly speaking we're seeing a...

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Analysis-Evergrande to speed up asset sales as hopes swirl about gov’t lifeline By Reuters

Exclusive-Microsoft warns thousands of cloud customers of exposed databases By Reuters

Dollar holds firm as Fed hawks urge early taper ahead of Powell’s speech By Reuters

S&P 500 Stalls Amid Caution on Wall Street Ahead of Powell By Investing.com

Dell beats revenue estimates as remote work fuels demand By Reuters

Old Navy, Athleta power Gap sales forecast, shares jump By Reuters

MARKET WRAP: FTSE falls ahead of Powell, USD higher, oil lower after weekly gains By Investing.com

England adds Thailand and Montenegro to travel red list By Reuters

Bridgewater’s Jensen Says Fed Taper Will Be Faster Than Expected By Bloomberg

London’s FTSE 100 drops as mining, financial stocks weigh By Reuters

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