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Markets Stay Cautious Shrugging Positive China Data, Dollar and Yen Recover

Asian markets shrugged of better than expected PMI data from China, which indicated a return to expansion in both manufacturing and non-manufacturing activities. Aussie was weighed down further by surprisingly deep contraction in retail sales. The levels include 1.0765 minor support in EUR/USD, 1.2252 support in GBP/USD, and 131.56 resistance in USD/JPY. These levels need to be taken out in tandem to confirm the underlying buying momentum of Dollar. Australia retail sales turnover down sharply by -3.9% mom in DecAustralia retail sales turnover dropped sharply by -3.9% mom to AUD 34.47m in December, much worse than expectation of -0.3% mom.

6 minutes ago Action Forex
Israel attacked Iran to teach a lesson to the US

One of the most untrustworthy allies of Israel, the US, has been constantly hounding it in the international arena. A US government official alleged that Israel was behind the recent overnight drone attack on a military factory in Iran. Israel, which is one of the primary adversaries of Tehran, has often expressed that it will use military force against Iran if it doesn’t stop pursuing its nuclear ambitions. Now, as the Biden administration was trying to revive the JCPOA deal recently, Israel was disillusioned with the US. Hence, Biden approached Iran and tried to revive the JCPOA deal, but Israel was not happy with this decision.

6 minutes ago TFIGlobal
Pets at Home upgrades FY profit outlook, BAT cuts number of business units

Stocks to watchBritish American Tobacco said it was cutting the number of business units it operates and restructuring its regional set up as part of a strategic review. The number of regions will be reduced from four to three, and the number of business units from 16 to 12, the maker of Peter Stuyvesant cigarettes said. BAT's new structure will consist of three regions: USA (Reynolds American Inc.), Americas & Europe and Asia Pacific, Middle East & Africa. Pets at Home lifted its full-year profit guidance following record third-quarter consumer revenues. – GuardianElon Musk is going head to head with his old company PayPal as Twitter gears up to become an online payments business.

7 minutes ago Sharecast.com
DILG told: Ask input of mayors, governors in review of PNP top brass

MANILA, Philippines — The Department of the Interior and Local Government (DILG) should consider the input of mayors and governors in evaluating high-ranking police officers in the country, said Iligan City Mayor Frederick Siao. I also prefer to continue to exercise my limited discretion as mayor to choose the Iligan City police chief,” he said in a statement. “So the CA and Congress could have some say on how the PNP generals and colonels are vetted this time around,” he added. “A formal legal opinion from the Department of Justice would help clarify this and other legal issues on how the PNP generals and colonels are screened. “The PNP Inspector General also has a legal mandate to make sure the PNP has officers who respect and follow the law,” he explained.

17 minutes ago Inquirer.net
Laguna solon pledges continued support for cops' welfare

PNP chief Gen. Rodolfo Azurin Jr. (left) and House Committee on Public Order and Safety chairperson and Sta. Rosa City, Laguna lone district Rep. Dan Fernandez (right) (Photo courtesy of PNP Public Information Office)MANILA – Rep. Dan Fernandez of the lone district of Sta. Rosa City pledged continued support for initiatives aimed at upholding the welfare of the members of the Philippine National Police (PNP). The PNP observes its founding anniversary every year to mark its creation under Republic Act 6975 on Jan. 29, 1991. This year’s 32nd PNP Founding Anniversary is celebrated with the theme “Patuloy na serbisyong publiko, Handog ng Pambasang Kapulisan na may Malasakit, Kaayusan, At Kapayapaan tungo sa Kaunlaran ng ating bayan”.

17 minutes ago Philippine News Agency
It's a key week for the stock market. If you're not nervous, you should be, this global strategist warns.

By Barbara KollmeyerCritical information for the U.S. trading dayInvestors have got the jitters as a big week unfolds -- several central bank meetings including the Fed, earnings from Apple and Amazon.com, and jobs data. Read: The Fed and the stock market are set for a showdown this week. Robertsen explains the two sides of an important market debate right now -- the just-right Goldilocks crowd and the "recessionist" bears. The former is growing confident with their view that inflation and central bank tightening is nearing a peak and any recession will be "shallow and short-lived," he explains. He says "volatility measures have fallen too far and the improvement in risky assets is due for a pause."

28 minutes ago Morningstar
How to watch films nominated for Oscars 2023 in the UAE

Winners of the 95th Academy Awards will be announced on March 12 at the Dolby Theatre in Hollywood, with the multiverse-spanning Everything Everywhere All at Once leading the nominations in 11 categories, including Best Picture. Scroll through the gallery above for all the Best Picture nominees at Oscars 2023Here's how to watch (almost) all of the Oscars 2023 nominees in the UAE. The film's story, written by Daniels, has also been praised for its freewheeling playfulness yet poignant message. RRRNominations: One, for Best Original SongWatch: Netflix (Hindi version) and Zee5 (Telugu version)This South Indian epic has been on a historic run in the season, sweeping major awards for the song Naatu Naatu. Top Hollywood stars lend their voices to the film including Cate Blanchett, Ewan McGregor, Tilda Swinton and Christoph Waltz.

29 minutes ago The National
Three years on, Britain still waits for Brexit dividend

Britain exited the EU on Jan. 31, 2020, though remained in the bloc's single market and customs union for 11 more months. The government, led by Brexit-supporting Prime Minister Rishi Sunak, says Britain is prospering with new-found freedoms. "Our problems pre-date Brexit," Lyons said, pointing to chronically low rates of investment in Britain. Exports, especially in goods, have disappointed over the last three years - despite high hopes for a "Global Britain" rebalancing of the economy after Brexit. Britain still boasts higher rates of employment and lower unemployment than most EU countries but there are some signs that Brexit may have impacted the labour market too.

31 minutes ago London South East
Everton News: Dyche announced, Gallagher, Sulemana, Becker & Gyokeres updates

Your daily dose of Everton news and rumoursWelcome to Everton Sean DycheSean Dyche has been officially announced as Everton’s new manager [EFC]Dyche on his plans for the team:“I want us to be a team who gives the lot. And Farhad felt the same when he met him, too, [Echo]Transfer Deadline DayCheck out our complete Everton Transfer Deadline Day coverage. [Coventry Live]Everton have reportedly made a £40m offer - plus £5m add-ons - for Conor Gallagher which was rejected by the player. Gallagher wants to stay at Chelsea but Fernandez arrival could throw a lot of cards in the air. Let’s see where they land… — Craig Hope (@CraigHope_DM) January 30, 2023Santos have rejected a bid from Everton for Brazilian striker Marcos Leonardo.

36 minutes ago Royal Blue Mersey
Asian shares fall in muted trading ahead of Fed meeting

TOKYO (AP) — Asian shares mostly fell in muted trading Tuesday as investors awaited decisions on interest rates and earnings reports from around the world. Traders were awaiting the U.S. Federal Reserve’s decision on interest rates, expected on Wednesday. Inflation has been cooling since the summer amid last year's blizzard of rate hikes, but the economy has also been showing signs of concern. Central banks for Europe and for the United Kingdom are also set to announce their latest increases for rates this week. In energy trading, benchmark U.S. crude dropped 45 cents to $77.45 a barrel in electronic trading on the New York Mercantile Exchange.

39 minutes ago Yahoo News UK
Africa: WHO Director-General's Remarks At the 152nd Session of the Executive Board

The committee has advised me that in its view, COVID-19 remains a global health emergency, and I agree. We are now working to determine the most effective mechanism for advising Member States and manufacturers on vaccine composition and vaccination frequency. We continue to support Member States to expand access to essential medicines, which is a pillar of universal health coverage. In addition, the WHO Science Council published its first report on accelerating access to genomics for global health. We all want a WHO that is agile, proactive, and able to move quickly to respond to global health threats.

42 minutes ago allAfrica.com
NBA roundup

Mo Wagner scored 22 points and his younger brother Franz Wagner scored 19 for the Magic, who stopped a three-game skid and ended the Sixers' seven-game winning streak. The Magic forced 19 turnovers and held Philly to 19 points in the fourth quarter. Josh Giddey had 21 points and Jalen Williams added 19 for Oklahoma City, which missed out on a chance to even its season record. Gobert added 19 points and 14 rebounds. Paul finished with 19 points and nine assists.

42 minutes ago theday.com
BREAKING NEWS
6 minutes ago - Markets Stay Cautious Shrugging Positive China Data, Dollar and Yen Recover 6 minutes ago - Israel attacked Iran to teach a lesson to the US 7 minutes ago - Pets at Home upgrades FY profit outlook, BAT cuts number of business units 17 minutes ago - DILG told: Ask input of mayors, governors in review of PNP top brass 17 minutes ago - Laguna solon pledges continued support for cops' welfare 28 minutes ago - It's a key week for the stock market. 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