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FxWirePro: The Day Ahead- 16th December, 2016

Dec 16, 2016 05:24 am UTC| Commentary Economy Central Banks

Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated. Upcoming: Germany: Wholesale price index figure for November will be reported at 7:00...

Asian markets mixed, gold hovers around $1,130 mark

Dec 16, 2016 04:04 am UTC| Commentary

All the major Asian indices were trading on a mixed note on the last working day of the week. On the other side, gold and silver were down in late U.S. session. Gold was trading around $1,130 mark while silver was trading...

Chart of the Day Series

Chart of the Day: Negative pain

Dec 15, 2016 19:39 pm UTC| Commentary Central Banks Economy

This chart from bondvigilantes.com shows the close and cozy relationship between the yield of the 10-year bund and equity prices of the banks. The market doesnt seem to agree with the European Central Banks (ECB)...

Indonesia's export/import growth tops expectations in November

Dec 15, 2016 16:56 pm UTC| Commentary

Data released by Central Statistics Agency (BPS) on Thursday showed that Indonesias November trade surplus came in at US$0.84 billion, bigger than the consensus forecast of US$0.818 billion. Growth in surplus in November...

Can't exclude another rate cut from Swiss National Bank - says SNB chairman Jordan

Dec 15, 2016 15:40 pm UTC| Commentary Central Banks

The Swiss National Bank (SNB) left its benchmark interest rate unchanged at record-low levels, and maintained its target band for 3-month Libor at -0.25 to -1.25 percent and the interest rate it charges on sight deposits...

Swiss economy in good health, faster growth likely in 2017/18 - SECO

Dec 15, 2016 15:29 pm UTC| Commentary Economy

Switzerland Government published their latest forecasts on the growth and inflation outlook for 2016 and 2017 on Wednesday. Swiss Federal Governments Expert Group, State Secretariat for Economic Affairs (SECO) said...

Eurozone ends 2016 on a strong note, manufacturing growth offsets slowdown in service sector

Dec 15, 2016 15:05 pm UTC| Commentary

Markit Eurozone PMI data for the month of December showed that eurozone economy maintained a robust pace of expansion at the end of 2016. IHS Markits Euro Zone Flash Composite Purchasing Managers Index, held steady at...

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Economy

UK Inflation Rises to 2.9% in July as Energy Costs Climb

Britains annual consumer price inflation rate climbed to 2.9% in July, rising from a 15-month low of 2.6% in June, according to official figures released on Wednesday. The increase highlights renewed price pressures on UK...

Asian Currencies Rise as Dollar Hovers Near Multi-Month Lows

Asian currencies strengthened modestly on Wednesday as easing U.S. Treasury yields weakened the dollar, while investors awaited minutes from the Federal Reserves July policy meeting for fresh clues on the interest rate...

Gold Prices Edge Higher as Dollar Weakens Ahead of Fed Minutes

Gold prices moved slightly higher on Wednesday, recovering from their steepest one-day decline in nearly a month as a weaker U.S. dollar and easing Treasury yields provided support. Investors are now awaiting the Federal...

Asian Stocks Slide as Chip Selloff and High Bond Yields Hit Markets

Asian stocks fell sharply on Wednesday as a renewed semiconductor selloff battered South Korean and Japanese equities, while high U.S. Treasury yields and Middle East tensions weakened investor appetite for technology and...

Wall Street Slides as Treasury Yields Surge to 19-Year High

Wall Street stocks closed lower Tuesday as a sharp U.S. Treasury bond sell-off pushed long-term yields to their highest level in nearly two decades, weighing heavily on technology shares. Rising oil prices and renewed...

Politics

Angie Nixon Scores Florida Senate Primary Upset as Key Midterm Races Take Shape

Democratic socialist Angie Nixon delivered a major upset in Floridas Democratic U.S. Senate primary on Tuesday, defeating former national security official Alex Vindman as voters across several states selected candidates...

Israel Strikes Syrian Airbase Near Aleppo, Raising Tensions With Turkey

Israel launched eight airstrikes on Syrias Abu al-Duhur airbase near Aleppo on Tuesday, prompting condemnation from Turkey and concern from the United States over escalating regional tensions. Syrian state-run Ekhbariya...

Trump Says Iran Talks Halted as Hormuz Dispute Pushes Oil Higher

U.S. President Donald Trump said Tuesday that no negotiations with Iran were taking place and insisted the Strait of Hormuz remained open, contradicting Tehrans claim that the strategic waterway was still closed to...

Israeli Airstrike Kills Six Palestinians in Gaza as Trump Peace Plan Stalls

An Israeli airstrike in Gaza City killed at least six Palestinians and wounded 14 others on Tuesday, according to Gaza health officials, as efforts to advance U.S. President Donald Trumps Gaza peace plan remained stalled....

Pentagon Weighs Permanent U.S. Military Drawdown in Persian Gulf

The U.S. Department of Defense is assessing whether to permanently reduce its military presence in the Persian Gulfonce the Iran conflict ends, potentially reshaping Washingtons long-standing security posture in the Middle...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

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...

Technology

OpenAI Tightens AI Safety Monitoring After Security Incidents

OpenAI is strengthening oversight of its most advanced artificial intelligence models as the company works to prevent unexpected or potentially dangerous behavior from increasingly autonomous AI systems. The ChatGPT...

Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion

Moodys Ratings has affirmed NVIDIA Corporations (NASDAQ: NVDA) Aa1 senior unsecured rating and Prime-1 short-term commercial paper rating, while maintaining a positive outlook. The decision follows NVIDIAs plan to provide...

Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO

Anthropic is reportedly considering expanding its revolving credit facility beyond an initial $10 billion target as the artificial intelligence company prepares for a potential initial public offering. Major Wall Street...

Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3

Moodys Ratings has upgraded four hybrid debt securities issued by Vodafone Group Plc (NASDAQ: VOD) to Baa3 from Ba1, following amendments to the instruments terms and conditions announced by the telecommunications group....

BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside

Bank of America expects Micron Technology (NASDAQ: MU) to deliver more than $230 in earnings per share by fiscal 2030, significantly above Wall Streets current peak estimates, as artificial intelligence demand reshapes the...