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EM Asian central banks likely to maintain pro-growth stance amid hovering external uncertainty, says Scotiabank

Jun 07, 2019 05:34 am UTC| Commentary Central Banks Economy

The emerging market Asian central banks are expected to maintain a pro-growth stance amid hovering external uncertainty, according to the latest research report from Scotiabank. Fed Chairman Jerome Powell said on...

FxWirePro: Asian markets in green, gold hovers around $1,330 mark

Jun 07, 2019 05:09 am UTC| Commentary

All the major Asian indices were trading on a higher note on Friday. Gold was trading around $1,332 mark while silver was trading around $14.86 mark. Japans Nikkei was trading 0.55 pct higher at 20,889.49...

FxWirePro: The Day Ahead- 7th June 2019

Jun 07, 2019 05:06 am UTC| Commentary

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: Australia: Investment lending for homes declined 2.2 percent in April. Home loans down...

Australian bonds slump on improvement in risk appetite; 10-year yield up about 2bps

Jun 07, 2019 04:03 am UTC| Economy Commentary

Australian government bond slumped during early Asian session Friday amid rebound in risk sentiment on the hopes that the U.S. tariffs on Mexico could be delayed. Yields on the U.S. Treasuries continued to hold at low...

FxWirePro: Key charts explaining crude oil inventories and production report of EIA

Jun 06, 2019 14:23 pm UTC| Commentary

Here are some key charts based on data from the United States Energy Information Agencys (EIA) latest report that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production...

U.S. Treasuries hold gains after weekly jobless claims remain unchanged, pointing to solid labour market

Jun 06, 2019 12:45 pm UTC| Commentary Economy

The U.S. Treasuries held onto gains during Thursdays evening session, after the countrys weekly initial jobless claims, remained unchanged during the week ended early June, pointing towards strength in the labour...

FxWirePro: U.S. Natural gas inventory preview

Jun 06, 2019 11:00 am UTC| Commentary

Natural gas is currently trading at $2.37 per MMBtu. Key factors at play in the natural gas market The price has succumbed to the broader downtrend, which is targeting $1.6 per MMBtu. Supply bottlenecks remain...

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Economy

Trump Says Iran Peace Deal Near as Markets Rally and Oil Prices Fall

U.S. President Donald Trump announced on Thursday that a peace agreement with Iran is close to completion, stating that a final document could be signed in Europe within days, potentially as early as this weekend. Speaking...

US Stock Futures Rise on Iran Peace Deal Hopes as SpaceX Debuts After Record IPO

U.S. stock index futures moved higher on Thursday evening after President Donald Trump announced that a peace agreement with Iran had been reached and could be formally signed in the coming days. The news boosted investor...

Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns

Global oil prices extended their decline in Asian trading on Friday and were on track for a weekly loss after U.S. President Donald Trump announced that he had canceled planned military strikes against Iran, citing...

New Zealand Manufacturing Slips Back Into Contraction in May

New Zealands manufacturing sector returned to contraction in May, highlighting ongoing challenges facing the countrys industrial economy amid weak customer demand and global economic uncertainty. According to the latest...

Dollar Stabilizes as Markets Weigh Middle East Ceasefire Prospects and Central Bank Policy Outlook

The U.S. dollar regained some ground in early Friday trading after falling to its lowest level in a week, as investors assessed reports suggesting a potential ceasefire agreement in the Middle East. Market sentiment...

Politics

Kremlin Says New EU Sanctions Won’t Hurt Russian Banks

The Kremlin has dismissed concerns over the European Unions latest sanctions proposal, stating that additional restrictions on Russian banks are unlikely to disrupt the countrys financial sector or reduce bank...

Xi’s North Korea Visit Strengthens Ties and Elevates Kim Jong Un’s Global Standing

Chinese President Xi Jinpings recent two-day visit to North Korea marked a significant diplomatic milestone, with both Beijing and Pyongyang portraying the trip as a major success. The visit reinforced the growing...

U.S.-Iran Peace Talks Continue Despite Escalating Military Strikes

The United States and Iran continued negotiations over a potential peace agreement overnight, even as both countries exchanged military strikes for a second consecutive day, according to reports from CNN and Reuters....

FBI Faces Historic Security Challenge Ahead of 2026 FIFA World Cup

The FBI is preparing for what Director Kash Patel describes as one of the largest security operations in U.S. history as the 2026 FIFA World Cup kicks off. With 48 teams, 36 base camps, 11 stadiums, and an estimated 3...

G7 Summit 2026 to Focus on Middle East Conflicts, Ukraine War, and Global Economic Challenges

The upcoming G7 Summit, scheduled for June 1517 in Evian-les-Bains, France, is expected to be dominated by discussions on the wars in the Middle East and Ukraine, as leaders seek to maintain unity amid growing geopolitical...

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

SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion

SpaceX has officially made history after pricing its highly anticipated initial public offering (IPO) at $135 per share, raising an unprecedented $75 billion and becoming the largest IPO ever completed in the United...

Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement

Shares of Astera Labs (NASDAQ: ALAB) and Rocket Lab (NASDAQ: RKLB) climbed sharply in after-hours trading on Thursday after Nasdaq confirmed both companies will be added to the prestigious Nasdaq-100 Index during its June...

SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans

SK Hynix shares recovered from early losses on Thursday after reports revealed the companys ambitious plan to significantly expand its wafer production capacity over the next decade. The South Korean memory chip...

OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic

OpenAI is reportedly considering major price cuts for its artificial intelligence services as competition in the AI industry continues to intensify. According to a Wall Street Journal report citing sources familiar with...

Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027

Oracle Corporation (NYSE: ORCL) delivered stronger-than-expected fiscal fourth-quarter 2026 results, surpassing Wall Street estimates on both earnings and revenue. Despite the positive performance and improved annual...