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Currency snapshot (major pairs)

Jul 28, 2016 13:09 pm UTC| Commentary

Dollar index trading at 96.54 (-0.26%) Strength meter (today so far) Euro +0.30%, Franc +0.47%, Yen +0.10%, GBP -0.53% Strength meter (since last week) Euro +1.15%, Franc +0.64%, Yen +1.10%, GBP +0.43% EUR/USD...

US Treasuries mixed as FOMC leaves interest rate unchanged; signals delay in rate hike

Jul 28, 2016 12:58 pm UTC| Commentary

The US Treasuries traded mixed on Thursday, following the release of the July FOMC statement that noted diminished risk for the economic outlook, highlighted by modest downward pressure in the short-end contrasted by...

German inflation exceeds market expectations, settles nears central bank’s target

Jul 28, 2016 12:55 pm UTC| Commentary

Germanys consumer price inflation during the month of July exceeded market expectations, a positive signal that the countrys consumer prices are nearing the central banks targeted rate of price growth in the 19-area...

BoJ shouldn’t act like hostage to financial markets

Jul 28, 2016 12:09 pm UTC| Commentary Central Banks

The Bank of England (BoE), European Central Bank (ECB), Reserve Bank of Australia (RBA), and the U.S. Federal Reserve all has stayed away from taking any action over the UK referendum, there is apparently no reason that...

Brexit likely to have limited implications for developing countries, says KfW

Jul 28, 2016 11:56 am UTC| Commentary

The June 23 United Kingdom referendum that concluded in a vote demand the exit of the UK from the European Union is expected to have limited implications for the developing countries, but a noticeable impact on the...

South Africa June jobless rate drops marginally; PPI rises in June

Jul 28, 2016 11:53 am UTC| Commentary

The rate of unemployment in South Africa dipped marginally during second quarter of the year, signaling a stable labor market despite repercussions in the world economy on worries surrounding political and financial...

Eurozone periphery bonds rally on expectations of weak Q2 GDP; inflation data also in focus

Jul 28, 2016 11:10 am UTC| Commentary

The Eurozone periphery bonds rallied on Thursday as investors sought refuge in the safe-haven instruments ahead of July preliminary consumer inflation data and the second-quarter flash gross domestic product (GDP) reading....

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Economy

Trump Plans 25% Tariff on EU Car Imports Amid Rising U.S.-EU Trade Tensions

The United States is preparing to increase tariffs on European Union car imports to 25%, a move that could significantly impact global trade and the automotive industry. U.S. Trade Representative Jamieson Greer confirmed...

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...

Politics

Russian Missile Strike on Merefa Kills 7, Injures Dozens in Kharkiv Region

A devastating Russian missile attack struck the town of Merefa in Ukraines northeastern Kharkiv region on Monday morning, leaving at least seven people dead and more than 30 injured, according to Ukrainian officials. Among...

Strait of Hormuz Crisis Deepens Amid U.S.-Iran Military Escalation

Tensions in the Strait of Hormuz have escalated sharply as the United States and Iran exchange new attacks, raising concerns over global energy security and maritime trade. The vital shipping corridor, responsible for a...

U.S. Military Counters Iranian Threats in Strait of Hormuz Amid Escalating Tensions

The United States military announced it successfully destroyed six Iranian small boats and intercepted multiple cruise missiles and drones in the Strait of Hormuz, highlighting rising tensions in one of the worlds most...

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....

Iran Nuclear Timeline Unchanged Despite U.S.-Israel Strikes and Rising Tensions

Recent intelligence assessments reveal that Irans timeline for developing a nuclear weapon remains largely unchanged, despite ongoing military actions by the United States and Israel. Analysts estimate that Tehran would...

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

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 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...
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