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U.S. Treasuries slump ahead of ISM non-manufacturing PMI, April JOLTs job openings data

Jun 04, 2018 11:41 am UTC| Commentary Economy

The U.S. Treasuries slumped Monday, as investors wait to watch the countrys ISM non-manufacturing PMI data for the month of May and JOLTs job openings for April, scheduled to be released on June 5 by 14:00GMT...

UK gilts suffer after May construction PMI tops market estimates; investors eye 5-year auction

Jun 04, 2018 10:29 am UTC| Commentary Economy

The United Kingdoms gilts suffered Monday after the countrys construction PMI data for the month of May topped market expectations, albeit remaining unchanged from the previous reading in April. Investors now remain...

German bunds slump ahead of May services PMI, ECB President Draghi’s speech

Jun 04, 2018 09:18 am UTC| Commentary Economy

The German bunds slumped during European session Monday as investors wait to watch the countrys services PMI for the month of May and European Central Bank (ECB) President Mario Draghis speech, scheduled on June 5 by...

Bank Indonesia likely to call for a final rate hike of 25bps in June monetary policy meeting, says ANZ Research

Jun 04, 2018 07:31 am UTC| Commentary Central Banks Economy

Bank Indonesia (BI) is expected to call for a final rate hike of 25 basis points in its June monetary policy meeting, according to the latest report from ANZ Research. Headline inflation has remained below the mid-point of...

Australian retail sales remain stronger-than-expected in April; caution remains on consumer spending

Jun 04, 2018 06:33 am UTC| Commentary Economy

Australian retail sales remained stringer-than-expected during the month of April, led by strong sales growth in cafes, restaurants and takeaway food. In contrast, sales of clothing fell sharply. Possibly the unseasonably...

JGBs remain tad lower in muted trading week ahead of Q1 GDP data

Jun 04, 2018 05:12 am UTC| Commentary Economy

Japanese government bonds remained tad lower on the first trading day of the week Monday as investors remained sidelined in a muted trading week ahead of the countrys first quarter 2018 gross domestic product (GDP) data,...

Australian 10-year bond yield hits 1-week high on strong retail sales data; buoyed by sell-off in U.S. Treasuries

Jun 04, 2018 03:18 am UTC| Commentary Economy

Australian government bonds slumped across the curveon Mondayfollowing better-than-expected April retail sales data, pushing the 10-year yield to 1-week high. Also, heavy sell-off in the U.S. Treasuries pressurized the...

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Economy

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

Politics

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

Putin Signals Possible Peace or Continued War in Ukraine at Major Year-End Address

Russian President Vladimir Putin is expected to send a significant signal to the United States and European powers regarding the future of the Ukraine war when he speaks at his annual end-of-year news conference on Friday....

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...