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Fri, May 08, 2026 02:18 AM All times are UTC

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Eurozone retail sales fall in November led by drop in non-food products

Jan 06, 2017 11:10 am UTC| Commentary Economy

Eurozone retail sales decreased in November after rebounding in the previous month, largely led by drop in non-food product purchases. Retail sales volume fell a seasonally adjusted 0.4 percent month-over-month in...

Worrisome Signs Series

Worrisome Signs Series: Read the US unemployment right

Jan 06, 2017 11:05 am UTC| Commentary Economy

Today, the Bureau of Labor Statistics will release the non-farm payroll report for the month of December. It is highly anticipated that the report will show either 4.7 percent or 4.6 percent unemployment rate. This rate is...

UK gilts sag on higher risk appetite; 10-year yields likely to hit 1.80 pct in mid-2017

Jan 06, 2017 10:55 am UTC| Commentary

The UK gilts slumped Friday as investors moved away from safe-haven buying amid gains in riskier assets including crude oil and equities (FTSE100 hits record high). Also, the recent jump in the countrys PMIs supported the...

Czech industrial production grows year-on-year in November

Jan 06, 2017 10:35 am UTC| Commentary

Czech Republics industrial production grew on a year-on-year basis in November. The output expanded at constant prices by 7 percent, according to Czech Statistical Office, as compared with a decline of 1.7 percent...

Renminbi Series

Renminbi Series: Biggest two day gains end with biggest one day decline since currency liberalization

Jan 06, 2017 10:29 am UTC| Commentary Central Banks

Chinese currency is experiencing unprecedented volatility in the offshore market. Just hours ago we at FxWirePro, were covering stories on rising HIBOR, which rose to the second highest level at 61.83 percent today and how...

German retail sales fall in November, deeper than market expectations

Jan 06, 2017 10:18 am UTC| Commentary Economy

Retail sales in Germany fell during the month of November, far worse than what markets had initially anticipated. Germanys Retail sales dropped a calendar-and-seasonally-adjusted 1.8 percent from October, when they rose...

German bunds trade mixed on disparate economic data; likely to waver ahead of ECB policy decision

Jan 06, 2017 09:51 am UTC| Commentary

The German bunds traded mixed Friday after recent data showed that the countrys retail sales rose more-than-expected in December. On the other hand, industrial orders fell more than expected in November after surging in...

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Economy

US Trade Court Blocks Trump’s 10% Global Tariffs

The U.S. Trade Court on Thursday ruled against President Donald Trumps latest 10% global tariffs, stating that the broad trade measures were not legally justified under a decades-old trade law from the 1970s. The decision...

Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending

U.S. President Donald Trump said a peace agreement between the United States and Iran could be reached soon, raising hopes of an end to the ongoing conflict that has shaken global energy markets and disrupted shipping in...

Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers

Japanese technology and semiconductor stocks rallied sharply on Thursday, driven by growing global optimism surrounding artificial intelligence and strong momentum in the AI chip sector. The surge followed impressive...

European Stocks Edge Higher as Iran-U.S. Peace Talks Boost Market Sentiment

European stock markets traded mostly higher on Thursday as investors reacted positively to reports that the United States and Iran are preparing to restart negotiations aimed at ending their ongoing conflict. Optimism...

Iran-U.S. Peace Deal Near as Oil Prices Fall and Nuclear Disputes Persist

Iran said it is reviewing a new U.S. peace proposal aimed at ending the ongoing conflict between Washington and Tehran, while major disagreements over Irans nuclear program and the Strait of Hormuz remain unresolved. The...

Politics

Iran Accuses U.S. of Violating Strait of Hormuz Ceasefire with Ship and Coastal Attacks

Iran has accused the United States of breaching a ceasefire agreement after alleged military strikes targeted two vessels near the Strait of Hormuz and several civilian coastal locations. The claims were made early Friday...

UN Experts Condemn Trump’s Cuba Fuel Blockade Amid Deepening Energy Crisis

A group of United Nations human rights experts has criticized U.S. President Donald Trumps recent executive order targeting Cubas fuel supplies, warning that the move is worsening the islands ongoing energy crisis and...

New York Moves to Ban Masked Law Enforcement During Immigration Operations

New York Governor Kathy Hochul announced plans to prohibit law enforcement officers from wearing masks while on duty, a move expected to spark legal challenges from the Trump administration. The proposal is part of a...

U.S. Pushes U.N. Resolution Against Iran Over Strait of Hormuz Tensions

The United States is intensifying diplomatic pressure at the United Nations by urging member states to support a new resolution demanding Iran stop attacks and mining activities in the Strait of Hormuz. However, diplomats...

Rubio Approves $25.8 Billion Weapons Sale to Middle East Allies

U.S. Secretary of State Marco Rubio has approved major arms deals worth approximately $25.8 billion for several Middle Eastern allies, according to a Bloomberg News report released Thursday. The proposed agreements...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

U.S.-China AI Talks May Take Center Stage at Trump-Xi Summit

The United States and China are reportedly exploring the possibility of launching formal discussions on artificial intelligence, according to a Wall Street Journal report published Wednesday. The talks could become a major...

Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat

Arm Holdings delivered stronger-than-expected quarterly earnings and revenue, driven by rising demand for artificial intelligence data center chips. However, despite the positive results, Arm stock reversed early gains in...

Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom

Hua Hong Semiconductor shares soared on Wednesday as investors rushed into technology stocks fueled by strong artificial intelligence momentum and improving confidence in Chinas economy. The Hong Kong-listed chipmaker...

Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges

Infineon Technologies (ETR: IFXGn) raised its fiscal 2026 revenue growth forecast on Wednesday, citing booming demand for AI data center power chips despite continued weakness in the electric vehicle semiconductor market....

BHP Attracts AI-Focused Investors as Copper Demand Surges

BHP Group is drawing growing attention from international investors as the global artificial intelligence boom increases the value of copper, according to Chief Financial Officer Vandita Pant. Speaking at the Macquarie...