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Australian 10-year bond yields slump tracking strength in U.S. Treasuries; April employment report in focus

May 17, 2017 04:46 am UTC| Commentary Economy

The Australian government 10-year bond yields slumped Wednesday, tracking strength in U.S. Treasuries. Also, investors now remained focused on the countrys employment report for the month of April, scheduled to be released...

Most Asian markets in red, gold jumps above 1,240 mark

May 17, 2017 04:43 am UTC| Commentary

All the major Asian indices were trading marginally lower on Wednesday. Gold was trading around 1,240 mark while silver was trading around $16.85 mark. Japans Nikkei was trading 0.57 pct lower at 19,807.50...

FxWirePro: The Day Ahead- 17th May 2017

May 17, 2017 04:41 am UTC| Commentary

Not many economic data and events scheduled for today but some with high volatility risks associated. Data released so far: Australia: Westpac consumer confidence in May declined by 1.1 percent to 98. Wage price...

New Zealand producer price index continues to rise in Q1

May 16, 2017 23:00 pm UTC| Commentary

New Zealand producer prices continued to rise in the first quarter of this year. The producer output prices were up 1.4 percent sequentially, while the input prices were up 0.8 percent quarter-on-quarter, stated Statistics...

Central Banking Series

Riksbank proposes to scrap CPI as formal target in favour of CPIF

May 16, 2017 22:50 pm UTC| Commentary Economy

On Tuesday, the Swedish central bank, Riksbank, proposed to scrap the CPI as the formal target in favour of the CPIF. Moreover, the central bank also implied that the tolerance bank of plus or minus 1 percentage point...

U.S. economic growth likely to rebound in Q2, real GDP to grow about 2.25 pct this year – Nordea Bank

May 16, 2017 22:35 pm UTC| Commentary

The U.S. economy began this year on a weak footing, based on the recent hard economic data. Despite the solid sentiment seen amongst businesses and consumers, real GDP expanded in the first quarter at the slowest rate in...

Dairy prices continue to strength, rise 3.2 pct overall

May 16, 2017 22:22 pm UTC| Commentary

Dairy prices continued to strengthen, particularly for milkfat that has pushed to all-time highs on the GlobalDairyTrade platform. Dairy prices rose 3.2 percent overall, the fifth straight rise. Milkfat prices continued to...

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Economy

MOEX Russia Index Closes Flat as Gold Surges and Ruble Strengthens

Russian stocks ended Saturdays session little changed, with the MOEX Russia Index closing flat at 0.00% on the Moscow Exchange. Market activity remained subdued, reflecting a balanced performance across major sectors as...

ECB Expands Euro Liquidity Backstop to Strengthen Global Role of the Euro

The European Central Bank (ECB) has unveiled plans to permanently expand access to its euro liquidity backstop, opening the facility to central banks worldwide in a strategic move to reinforce the euros international...

U.S. Inflation Cools in January as Gas Prices Fall, Core CPI Signals Sticky Price Pressures

U.S. consumer prices rose less than expected in January, offering modest relief to households as gasoline and rental costs eased. However, persistent increases in service-related expenses suggest the Federal Reserve may...

U.S. Stocks End Mixed as January CPI Cools, Treasury Yields Slide

U.S. stocks closed mixed on Friday after a volatile trading session, as investors reacted to softer-than-expected January CPI data and falling Treasury yields. The SP 500 finished flat at 6,835.08, while the Dow Jones...

Asian Currencies Slip as Dollar Stabilizes Ahead of U.S. CPI Data

Asian currencies edged lower on Friday as the U.S. dollar steadied, with traders closely monitoring upcoming U.S. consumer price index (CPI) data for signals on the Federal Reserves interest rate outlook. Despite the daily...

Politics

European Leaders Welcome Marco Rubio’s Munich Security Conference Speech, Stress Strong Transatlantic Alliance

U.S. Secretary of State Marco Rubio struck a conciliatory yet candid tone at the Munich Security Conference, describing the United States as the child of Europe and calling for renewed unity within the transatlantic...

Trump’s Bad Bunny Super Bowl Criticism Sparks Concern Among Latino Republicans Ahead of Midterms

President Donald Trumps criticism of Puerto Rican superstar Bad Bunnys Super Bowl halftime show is raising concerns among Republican strategists and Latino leaders as the party heads into crucial congressional elections....

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...

Reza Pahlavi Urges U.S. Military Intervention as Iran Nuclear Talks Continue

Iranian opposition figure Reza Pahlavi has called for potential U.S. military intervention in Iran, arguing that decisive action could save lives and accelerate political change. Speaking to Reuters on the sidelines of the...

Zelenskiy Urges Serious U.S.-Brokered Peace Talks as Ukraine Faces Pressure Over Concessions

Ukrainian President Volodymyr Zelenskiy said he hopes upcoming U.S.-brokered peace talks in Geneva will deliver meaningful progress toward ending the war, while raising concerns that Ukraine is being asked too frequently...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

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...

Technology

Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development

U.S. defense technology firm Anduril Industries is reportedly in discussions to raise billions of dollars in fresh funding at a valuation of at least $60 billion, according to a recent report by The Information citing...

Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy

Elon Musks AI chatbot Grok is rapidly gaining traction in the U.S., even as it faces mounting global criticism over the generation of non-consensual and sexualized AI images. According to data from app intelligence firm...

Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems

Lockheed Martin has been awarded three U.S. Department of Defense contracts worth approximately $101 million, reinforcing its role as a leading defense contractor in advanced military systems, fighter jet support, and...

GE Aerospace Expands Singapore Engine Repair Hub with Automation and AI to Tackle Aviation Bottlenecks

GE Aerospace is accelerating automation and AI-driven innovation at its Singapore engine repair hub as global airlines grapple with maintenance delays, parts shortages, and extended turnaround times. At the center of this...

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....
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