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Euro area service sector growth slows in April, PMI index drops to 52.8

May 06, 2019 12:11 pm UTC| Commentary

The euro area services sector continues to see subdued growth. The headline IHS Markit Eurozone PMI Services Business Activity Index dropped to 52.8 in April from Marchs 53.3. This hinted at a slightly slower rate of...

Latest Commitment of Traders positions (Commodities) as of April 30th 2019

May 06, 2019 11:34 am UTC| Commentary

CFTC commitment of traders report was released on Friday (3rd May) and cover positions up to Tuesday (30th April). The COT report is not a complete presenter of entire market positions; however, it represents a good chunk...

Latest Commitment of Traders positions (Equities and Bonds) as at April 30th 2019

May 06, 2019 11:33 am UTC| Commentary

U.S. Treasuries gain after President Trump tightens pressure for trade agreement with China

May 06, 2019 11:21 am UTC| Commentary Economy

The U.S. Treasuries jumped during Mondays afternoon session, after investors shifted toward safe-haven assets following President Donald Trumps increased pressure on China on Sunday to reach a trade agreement, threatening...

UK economic growth likely to improve if 'Hard Brexit' is avoided, says Berenberg

May 06, 2019 10:45 am UTC| Commentary Economy

The United Kingdoms economic growth is expected to improve if a Hard Brexit can be avoided, according to a recent research report from Berenberg. Uncertainty is weighing on households and business, causing less robust...

German bunds gain despite better-than-expected April services PMI; March industrial production eyed

May 06, 2019 09:24 am UTC| Commentary Economy

The German bunds gained during European trading session Monday after investors have largely shrugged-off the better-than-expected rise in the countrys services PMI for the month of April, released today, with eyes on the...

FxWirePro: S&P 500 Q1 earnings update

May 06, 2019 08:49 am UTC| Commentary

So far, 78 percent of the companies in the SP 500 have reported their Q1 earnings. Lets take a look at the key takeaways, Earnings: So far, 76 percent of the companies that reported actual results, reported better...

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Economy

Oil Prices Rise as Houthi Attacks Threaten Middle East Supply

Oil prices climbed on Monday as escalating Middle East tensions, renewed Houthi attacks on Saudi Arabia, and tanker incidents near the Strait of Hormuz heightened concerns over global crude supply disruptions. Brent crude...

Bank of America Predicts Yen Rebound as USD/JPY Faces Risks

The Japanese yens prolonged depreciation has been driven entirely by offshore trading activity since 2025, according to Bank of America (BofA), highlighting a significant shift in global foreign exchange market dynamics....

Deutsche Bank CEO Urges Faster German Economic Reforms

Deutsche Bank CEO Christian Sewing has urged the German government to accelerate economic reforms, warning that slow implementation and political compromises could weaken Germanys competitiveness and long-term growth...

Trump Calls for Zelenskyy Replacement Amid Russian Diesel Deal

US President Donald Trump has called for Ukraine to replace President Volodymyr Zelenskyy, deepening tensions between Washington and Kyiv over a controversial agreement allowing Russian diesel exports to global markets....

Trump Secures Russian Diesel Deal as US Fuel Prices Surge

US President Donald Trump announced Friday that Russia had agreed to immediately supply diesel to American and global markets, aiming to ease soaring fuel prices ahead of the November 3 midterm elections. However, energy...

Politics

Houthis Warn Saudi Airports After Deadly Riyadh Attack

Yemens Iran-backed Houthis have warned airlines, passengers and airport employees to avoid Saudi Arabian airports and airspace following a deadly attack on Riyadhs King Khalid International Airport that killed 12 people...

Yandex Data Center Hit by Drone Strike as Russia-Ukraine Cyber Infrastructure Attacks Escalate

Russian technology giant Yandex has suspended operations at a major data center in the Vladimir region following a drone strike, marking the third attack on its server infrastructure within four days as the Russia-Ukraine...

Zelenskiy Offers Russia Energy Truce Amid Trump Pressure

Ukrainian President Volodymyr Zelenskiy said Sunday that Ukraine is prepared to suspend attacks on Russian oil refineries if Moscow agrees to stop targeting Ukrainian energy infrastructure, rejecting US President Donald...

Flydubai Co-Pilot Planned Suicide Attack on Israel Airport, UAE Says

An Omani flydubai co-pilot allegedly planned to hijack a Dubai-Tel Aviv flight and crash the aircraft into a terminal at Israels Ben Gurion Airport in a suicide attack on September 30, according to UAE prosecutors. UAE...

Trump Sanctions International Criminal Court, Sparking EU Backlash

US President Donald Trumps administration imposed sweeping sanctions on the International Criminal Court (ICC) on Friday, escalating tensions with European allies and raising concerns over the future of international...

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

Amazon in Talks to Acquire AI Startup Decart for $7 Billion

Amazon is reportedly negotiating a potential $7 billion acquisition of artificial intelligence startup Decart, signaling the technology giants growing ambitions in generative AI, real-time video processing, and advanced...

Apple Supplier Luxshare Sees Limited Impact From US Patent Probe

Chinese electronics manufacturer Luxshare Precision Industry expects minimal disruption to its business from a US patent infringement investigation involving power supply technology used in data centres. In a stock...

Elon Musk Eyes Semiconductor Manufacturing Expansion With $15 Billion Terrafab Project

Elon Musk believes his companies could eventually outperform established semiconductor manufacturers by developing more efficient chip production methods, although he cautioned that achieving this ambition could take...

Robinhood Chain Eyes Priority Gas Auctions for Faster Trades

Robinhood Chain, the Ethereum Layer-2 blockchain designed for tokenized real-world assets (RWAs), is reportedly considering a new transaction-ordering system that would allow traders to pay additional fees for faster trade...

Zcash Plans Quantum-Resistant Security Upgrade for January

Zcash (ZEC) developers are preparing to introduce quantum-resistant security features in January 2027, aiming to protect cryptocurrency wallets against potential threats from advanced quantum computing and artificial...