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LatAm: MXN no reasons to hike; BRL free fall

Sep 20, 2015 21:51 pm UTC| Commentary

Banxico is expected to remain on hold next Monday as the Fed delays its lift-off and the global and local economic outlook actually points to easier monetary conditions. Further MXN weakness versus the USD is expected in...

Norges Bank tentatively on hold but signal one more cut in Q4

Sep 20, 2015 21:13 pm UTC| Commentary Central Banks

The Norges Bank is expected to keep policy unchanged at its September meeting (consensus: 1.00%), despite Norways weak near-term growth outlook. Three reasons are identified for why Norges Bank may stay its hand. First,...

China growth concerns to cap AUD bounce amidst USD pullback

Sep 20, 2015 20:32 pm UTC| Commentary

The ABS home price index (Tuesday) is the only important domestics release for the week. House prices have increased at a rapid rate this year, with annualised growth accelerating to roughly 15% over recent months....

Inflation data will be the focus of the holiday-shortened week in Japan

Sep 20, 2015 20:27 pm UTC| Commentary

Inflation data will be the focus of the holiday-shortened week in Japan (Silver Week holidays from Monday to Wednesday). August Nationwide Core CPI excluding fresh food (Friday) is expected to drop by -0.2% y/y (consensus:...

Brief pause on dollar rally

Sep 20, 2015 20:19 pm UTC| Commentary

The USD will probably remain on the sidelines during the next few weeks as markets continue digesting last weeks FOMCs statement which was considered somewhat more dovish than anticipated. The Fed will refrain from hiking...

Euro area PMIs to moderate ahead of likely further ECB action

Sep 20, 2015 20:15 pm UTC| Commentary Central Banks

The euro area flash composite PMI (Wednesday) is expected to moderate slightly in September to 54.1 (consensus: 54.0; last: 54.2), as the manufacturing and services sectors post slight declines to 52.0 (consensus: 52.0)...

Housing starts and permits - Single-family permits show better pickup

Sep 18, 2015 17:31 pm UTC| Commentary

Single-family permits increased by 3% to a SAAR of 699,000 units in August from 680,000 units in July, above expectation for +1% m/m to 685,000. The sequential improvement is consistent with comments made by TOL (first 4...

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Economy

Fed’s Williams Sees One More Rate Hike in 2026, None in 2027

Federal Reserve Bank of New York President John Williams said Tuesday that he continues to support one additional interest rate hike in 2026 but does not anticipate further increases in 2027, citing expectations that...

Oil Prices Mixed as Russia Diesel Deal and Houthi Attacks Raise Supply Concerns

Oil prices traded mixed on Tuesday as investors assessed the impact of a U.S.-Russia diesel supply agreement alongside growing concerns about Middle East oil disruptions following escalating Houthi attacks in Yemen and...

Wall Street Closes Lower as Bank Earnings and AI Concerns Weigh

Wall Street stocks ended slightly lower on Tuesday, October 13, as mixed bank earnings and growing concerns over Chinese artificial intelligence competition pressured investor sentiment ahead of key U.S. inflation data....

IMF Maintains 2027 Global Growth Forecast at 3.4% Amid Rising Risks

The International Monetary Fund (IMF) maintained its 2027 global economic growth forecast at 3.4%, warning that escalating Middle East tensions, rising government debt and persistent inflation could threaten the global...

Philippines Current Account Deficit Seen at $19.1 Billion in 2026

The Bangko Sentral ng Pilipinas (BSP) expects the Philippines current account deficit to reach $19.1 billion in 2026, equivalent to 3.8% of the countrys gross domestic product (GDP), according to projections announced by...

Politics

Trump Denies China, Russia Are Helping Iran in War

US President Donald Trump has dismissed claims that China and Russia are supporting Iran in its ongoing war with the United States, despite American intelligence assessments suggesting both countries have provided military...

Zelenskiy Says Ukraine Received No Warning Before Russian Missile Attack

Ukrainian President Volodymyr Zelenskiy said Tuesday that Western allies failed to provide advance warning of a Russian missile attack on Kyiv, raising concerns about Ukraines access to critical intelligence as Washington...

US Supreme Court Denies Release of Anti-ICE Activist Kyle Wagner

The US Supreme Court on Tuesday rejected a request for the pretrial release of Kyle Wagner, an anti-ICE activist accused of making online threats during a federal immigration crackdown in Minneapolis. The decision keeps...

Flavio Bolsonaro Backs Brazil’s 40-Hour Workweek Reform Ahead of Runoff

Brazilian Senator Flavio Bolsonaro has reversed his opposition to a proposed labor reform that would shorten the countrys workweek, a politically significant move ahead of his presidential runoff against incumbent...

US Recalls Nicaragua Envoy After Ambassador Rejection

The United States has recalled its acting envoy to Nicaragua, Elias Baumann, to Washington for urgent diplomatic consultations after the Nicaraguan government rejected Washingtons choice for ambassador, Natasha Franceschi,...

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

Arm Shares Fall Over 3% After Qualcomm Wins License Dispute

Arm Holdings shares dropped more than 3% on Tuesday, October 13, after a Delaware jury ruled in favor of Qualcomm in a breach of contract lawsuit, marking another setback for the British chip technology company in its...

Arm Breaches Qualcomm License Deal, Jury Awards $2

A Delaware jury has ruled that Arm Holdings violated its licensing agreement with Qualcomm and intentionally interfered with the chipmakers business relationship with Meta Platforms. However, the jury awarded Qualcomm just...

Nvidia Invests in Four French AI Companies to Expand European Presence

Nvidia Corp is expanding its presence in Europes artificial intelligence market through agreements to acquire minority stakes in four French technology companies, according to a report published Tuesday by French newspaper...

OpenAI Uses AI to Uncover Hidden Recording Device, FBI Makes Arrest

OpenAI has revealed that its artificial intelligence models played a crucial role in investigating a hidden recording device discovered inside one of its offices. The unusual security incident resulted in an employee being...

Citi Upgrades Galaxy Digital Stock, Raises Price Target to $28

Citigroup has upgraded Galaxy Digital (GLXY) stock from Neutral to Buy, raising its price target from $26 to $28 as confidence grows in the companys artificial intelligence (AI) infrastructure business. The revised target...
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