Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.
For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]
Asian shares were mixed across the region on Tuesday as investors fretted over China Evergrande Group’s debt crisis and a widening power shortage in China.
MSCI’s broadest index of Asia-Pacific shares outside Japan was just slightly higher by mid-afternoon after trading in the red following a mixed session on Wall Street.
During the Asian time zone, Brent crude oil hit $80 a barrel for the first time in three years, driven by regional economies beginning to reopen from the pandemic and supply concerns.
The dollar was trading flat in late Asian trading.
Yields on two-year Treasuries rose to 18-month highs as investors priced in the prospect of rising cash rates and the risk of persistent inflation, forcing the U.S government to pay more to sell its debt.
Australia’s benchmark S&P/ASX200 index was down nearly 1.42%, led by a sell off in healthcare and technology stocks, while Japan’s Nikkei was down 0.3% after halving its initial losses.
The yen slumped to an almost three-month low to the dollar and a two-week trough versus the euro on Tuesday, as rising bond yields in the U.S. and Europe lured Japanese investors.
The yen lost about 0.2% to 111.21 per dollar, a level not seen since July 2.
It weakened about the same amount to 130.07 to the single currency after earlier touching 130.115 for the first time since Sept. 14.
The yen also weakened ahead of a ruling party election on Wednesday that will decide Japan’s new prime minister, with frontrunners Taro Kono and Fumio Kishida both backing more stimulus to support the pandemic recovery.
While benchmark 10-year Japanese government bond yields remain pinned near zero by the Bank of Japan’s yield curve control policy, equivalent U.S. Treasury yields have soared to a three-month high, touching 1.516% overnight.
German 10-year bund yields, while below those on JGBs, have catapulted to the highest since the start of July at minus 0.191% from as low as minus 0.340% just a week ago.
A fire that damaged two Tesla (NASDAQ:TSLA) Inc battery units at a huge energy storage project in Australia in July was caused by a coolant leak that went undetected during start-up tests, a state watchdog said in a report released on Tuesday.
Safety regulators on Tuesday cleared the so-called Victoria Big Battery project, run by French renewables firm Neoen SA, to resume testing at the site near Melbourne.
However the safety regulator Energy Safe Victoria said it will now determine whether there have been any breaches of the state’s electricity safety rules and “if so, whether enforcement action is warranted”.
Neoen said it is working with Tesla to ensure the 450 megawatt hour energy storage project is ready for the Australian summer, which begins in December. Testing will resume on Wednesday.
“We have taken the time to understand the cause of the incident and we have implemented actions to ensure it will not happen again,” Neoen Australia Managing Director Louis de Sambucy said.
Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. UR Trade Fix Ltd accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Past performance does not constitute a reliable indicator of future results and future forecasts do not constitute a reliable indicator of future performance.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organizational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests when providing our services