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Australian bonds slump as retail sales rise for fifth straight month, weaker bounce limits yield growth

Aug 04, 2016 05:22 am UTC| Commentary

The Australian government bonds slumped Thursday after data showed that the countrys retail sales increased for five consecutive months in June. However, gains were much weaker than expected, which limited the growth in...

UK services activity in July contracts at fastest rate since March 2009

Aug 04, 2016 04:33 am UTC| Commentary Economy

UK final services PMI for the month of July remained unchanged from the flash reading of 47.4. This was consistent with consistent projections of 47.4. The final reading affirmed the largest ever one-month drop for the...

FxWirePro: The Day Ahead- 4th August, 2016

Aug 04, 2016 04:31 am UTC| Commentary

Not many economic dockets and events scheduled for today but some with very high volatility risks associated. Data released so far: Australia: Retail sales grew 0.1 percent in...

Asian markets marginally higher, gold and silver lower

Aug 04, 2016 04:17 am UTC| Commentary

Major Asian markets erased previous loss and trading marginally higher on Thursday. Yesterday, U.S. released ADP job data with positive numbers at 179K m/m vs 176K (revised up from 172K) m/m. Gold and silver are trading...

ADP employment growth nearly flat in July

Aug 03, 2016 15:39 pm UTC| Commentary

US ADP numbers which come two days before the Labor Department releases its closely watched nonfarm payrolls report showed private jobs gains of 179,000 in July, topping Reuters estimates of 170,000. June job growth was...

US nonfarm payrolls data likely to show a healthy improvement in July

Aug 03, 2016 15:04 pm UTC| Commentary

US nonfarm payrolls data has been volatile over the past month with two extreme reads - May to the low side and June to the high side. Analysts expect the July reading to come in closer to the true underlying trend near...

China Crisis Series

Chart of the Day: China's shifting bubble

Aug 03, 2016 14:53 pm UTC| Commentary Economy

This nice chart from Tom Orlik, chief Asia economist, Bloomberg shows how the great ball of money is moving through Chinese assets. At first there was housing boom that shifted to stock, from there to bonds, then to...

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Economy

Iran Warns No Military Fix for Hormuz Crisis as Talks Show Progress

Irans Foreign Minister Seyed Araghchi has cautioned that escalating military actions will not resolve the ongoing Hormuz crisis, emphasizing instead the importance of diplomatic negotiations. In a recent statement,...

Asian Markets Slip Amid Strait of Hormuz Tensions and RBA Rate Hike Expectations

Asian stock markets declined on Tuesday as investor sentiment weakened בעקבות escalating geopolitical tensions in the Strait of Hormuz and anticipation of further monetary tightening in Australia. Regional trading activity...

Oil Prices Ease in Asian Trade as Gulf Tensions and Hormuz Shipping Risks Weigh on Markets

Oil prices slipped during Asian trading on Tuesday following a strong rally in the previous session, as investors balanced rising geopolitical tensions in the Gulf with U.S. efforts to stabilize critical shipping routes....

Yen Volatility and Middle East Tensions Drive Dollar Strength in FX Markets

The Japanese yen remained a focal point in global foreign exchange markets on Monday, as it trimmed earlier gains against the U.S. dollar following a sharp rally driven by speculation of government intervention. The...

Gold Prices Edge Higher Amid Middle East Tensions and Oil Market Volatility

Gold prices rebounded slightly in Asian trading on Tuesday after hitting a one-month low, as investors reacted to escalating geopolitical tensions in the Middle East and renewed efforts by U.S. President Donald Trump to...

Politics

Dominican Republic Halts GoldQuest Mining Project Amid Environmental Protests

The Dominican Republic has ordered the suspension of all activities tied to GoldQuest Minings proposed gold and copper development, following large-scale protests driven by environmental concerns. President Luis Abinader...

South Korea Probes Explosion on HMM Vessel in Strait of Hormuz Amid Rising Tensions

South Korea announced an investigation into the cause of an explosion and fire aboard a South Korean-operated cargo ship in the Strait of Hormuz, a critical global shipping route. The incident, which occurred on Monday,...

Armed Suspect Shot Near White House After Firing at Secret Service Officers

A tense security incident unfolded near the White House on Monday when U.S. Secret Service officers confronted an armed and suspicious individual, leading to an exchange of gunfire and a brief lockdown of the area....

Rudy Giuliani Hospitalized in Critical but Stable Condition After Pneumonia

Former New York City Mayor Rudy Giuliani is recovering in a Florida hospital after being diagnosed with pneumonia, according to his spokesperson. The 81-year-old political figure remains in critical but stable condition,...

Bolsonaro Discharged After Shoulder Surgery Amid Ongoing Legal Troubles

Former Brazilian President Jair Bolsonaro has been discharged from a hospital in Brasília after undergoing shoulder surgery, marking another development in his ongoing health and legal situation. The procedure,...

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

Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations

Palantir Technologies delivered its strongest sales growth since going public, reporting impressive first-quarter 2026 results that exceeded Wall Street expectations and boosted investor confidence. The company announced...

Anthropic Secures $1.5B AI Venture Backed by Wall Street Giants, Shaking Software Sector

Anthropic has reportedly secured $1.5 billion in funding for a new artificial intelligence joint venture backed by major Wall Street firms, signaling a significant shift in the AI and enterprise software landscape....

Meta Plans $13B AI Data Center Financing in Texas Amid Surging Big Tech Investment

Meta Platforms is reportedly partnering with Morgan Stanley and JPMorgan Chase to secure a massive $13 billion financing package for its planned data center in El Paso, Texas. According to sources cited by Reuters, the...

Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market

Anthropic is reportedly nearing completion of a major $1.5 billion joint venture with leading financial institutions, including Blackstone and Goldman Sachs, aimed at expanding the use of artificial intelligence tools...

Samsung Appoints New TV Business Head Amid Rising Competition from Chinese Rivals

Samsung Electronics, the worlds leading TV manufacturer, has made a significant leadership change in its television division for the first time in over two years. The company announced that Lee Won-jin, formerly head of...