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FxWirePro Commodities Watch (Grains and Oilseeds)

Apr 26, 2019 10:18 am UTC| Commentary

Background: Understanding commodities are vital to gauge the performance of other asset classes such as bonds, equities, and even currencies. Since, 2014, any regular follower of financial markets would be able to...

NZ records larger-than-expected monthly trade surplus in March; export outlook remains solid going forward

Apr 26, 2019 07:48 am UTC| Commentary Economy

New Zealand record-high exports in March saw a larger-than-expected monthly trade surplus, and a narrower annual deficit; demand from China remains robust. The unadjusted monthly trade balance posted a solid $922 million...

Chinese yuan likely to remain supported or advance further vs CFETS basket of currencies ahead of US-China trade talks, says Scotiabank

Apr 26, 2019 06:22 am UTC| Commentary Economy

The Chinese yuan is expected to remain supported or advance further versus a CFETS basket of currencies ahead of the 10th and 11th round of US-China trade talks, according to the latest research report by...

FxWirePro: The Day Ahead- 26th April 2019

Apr 26, 2019 05:20 am UTC| Commentary Central Banks

Sizable economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: Australia: PPI inflation declined to 1.9 percent y/y in Q1. Australias terms of trade...

Australian bonds slightly gain following disappointing Q1 producer price index

Apr 26, 2019 05:02 am UTC| Commentary Economy

Australian government bonds slightly gained during Asian trading session Friday following disappointment in the countrys producer price inflation (PPI) data for the first quarter of this year, which added to hopes of a...

FxWirePro: Most Asian markets in red, gold hovers around $1,280 mark

Apr 26, 2019 04:08 am UTC| Commentary

All the major Asian indices were trading on a lower note on Friday. Gold was trading around $1,279 mark while silver was trading around $14.96 mark. Tokyos Nikkei was trading 0.74 pct lower at 22,143.85...

U.S. weekly initial jobless claims rise

Apr 25, 2019 18:46 pm UTC| Commentary

U.S. initial jobless claims rose last week. In the week ended 20 April, the initial jobless claims rose by 37k to 230k, as compared with expectations of a modest rise. At 230k, initial jobless claims are back at levels...

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Economy

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets

Gold prices edged slightly lower in Asian trading on Friday but were still on track to post modest weekly gains, as strong safe-haven demand continued to support the precious metals market. At the same time, silver and...

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

Politics

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow

U.S. President Donald Trump said on Friday that he plans to meet with major health insurance companies in the coming weeks in an effort to push for significantly lower healthcare costs, as millions of Americans face the...

Epstein Files Released by DOJ Spotlight Bill Clinton, Raise Questions Over Trump Mentions

The U.S. Justice Department has released hundreds of thousands of pages of documents related to the late financier and convicted sex offender Jeffrey Epstein, a move that has reignited political controversy and public...

U.S. and China Push for Ceasefire as Thailand–Cambodia Border Clashes Escalate

China and the United States are intensifying separate diplomatic efforts to revive a ceasefire between Thailand and Cambodia, as Southeast Asian leaders prepare for a crucial ASEAN meeting aimed at addressing the worst...

Syria, Kurds and U.S. Race to Show Progress on SDF Integration Deal

Syrian, Kurdish and U.S. officials are intensifying diplomatic efforts ahead of a year-end deadline to demonstrate progress on a long-stalled agreement to integrate Kurdish-led forces into the Syrian state, according to...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...
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