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FxWirePro: The Day Ahead- 10th December 2018

Dec 10, 2018 04:57 am UTC| Commentary Central Banks

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 up 0.6 percent in October, while home loans up...

Australian bonds gain amid renewed bout of risk aversion; 10-year yield dips to 18-month low

Dec 10, 2018 03:52 am UTC| Commentary Economy

Australian bonds gained across the curve during Asian session on Monday as risk appetites softened further amid ongoing tensions regarding the Huawei issue and disappointing U.S. jobs data on Friday night. Investors risk...

OPEC+ agrees to overall cut oil production, brent crude price to recover further above USD 70/bbl in short term

Dec 07, 2018 20:26 pm UTC| Commentary

OPEC+, the group that consists of the Organisation of Petroleum Exporting Countries and a group of oil producing nations outside OPEC, including Russia, agreed to cut production by 1.2 million barrels per day with effect...

Euro area GDP growth slows down sequentially in Q3 2018 to weakest since start of 2013

Dec 07, 2018 19:42 pm UTC| Commentary

The final euro area GDP growth data for the third quarter was released today, affirming the previous headline estimate that indicated that the rate of growth decelerated to 0.2 percent sequentially, matching the softest...

U.S. healthcare sector growth surges in November, remains faster growing sector

Dec 07, 2018 18:47 pm UTC| Commentary

Healthcare sector in the U.S. continues to be the most rapid growing sector in November. The November data hinted at a further surge in the sector, according to the U.S. Sector PMI. Although down a bit on the previous...

Canadian jobless rate drops in November to all-time low

Dec 07, 2018 17:50 pm UTC| Commentary

Canada added a net of 94.1k jobs in November. Even with 77.2k more Canadians in the labor force, the jobless rate dropped to 5.6 percent, the lowest pace since data collection started in 1976. Even better, the see-saw...

U.S. hiring activity decelerates in November, jobless rate unchanged at 3.7 pct

Dec 07, 2018 16:45 pm UTC| Commentary

U.S. hiring activity decelerated in November. Nonfarm payrolls rose by 155k positions. The weak reading came after a rise of 237k gain in October. Combined with hurricane-weakened readings earlier in the fall, hiring has...

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Economy

Canada-USMCA Review 2026: No Collapse Expected Despite July 1 Deadline

Canadas top trade negotiator to the United States, Janice Charette, has signaled that the upcoming July 1 deadline for reviewing the USMCA trade agreement should not be viewed as a breaking point for North American trade...

Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty

Paraguays central bank has decided to keep its benchmark interest rate unchanged at 5.5% for the second straight month, signaling confidence in the countrys stable inflation outlook despite ongoing global economic...

Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe

Disruptions to global oil supplies linked to the Iran conflict are driving a sharp increase in jet fuel prices, adding significant costs to air travel across Europe. According to analysis from campaign group Transport ...

UK Wage Growth Slows to 3.6% as Inflation Pressures Complicate Bank of England Outlook

British wage growth showed signs of cooling, though not as sharply as analysts had anticipated, according to the latest data from the Office for National Statistics (ONS). Regular pay, which excludes bonuses, rose by 3.6%...

US-Iran Peace Talks Fuel Market Optimism Amid Ongoing Tensions

The United States has expressed renewed confidence that peace talks with Iran could resume soon in Pakistan, raising hopes of easing geopolitical tensions that have disrupted global energy markets. A senior Iranian...

Politics

Trump Administration Files Fraud Charges Against Southern Poverty Law Center Over Informant Payments

The Trump administration has filed criminal charges against the Southern Poverty Law Center (SPLC), a prominent civil rights organization known for tracking extremist groups, accusing it of defrauding donors through its...

Global Military Talks in London Aim to Reopen Strait of Hormuz and Protect Shipping

Military planners representing more than 30 countries are gathering in London for two days of high-level discussions focused on reopening the Strait of Hormuz and strengthening maritime security in one of the worlds most...

Sharif Welcomes Trump’s Ceasefire Extension in U.S.-Israel-Iran Conflict

Pakistans Prime Minister Shehbaz Sharif has expressed appreciation to former U.S. President Donald Trump for agreeing to extend the ceasefire in the ongoing U.S.-Israeli conflict involving Iran. The decision aims to...

Argentina’s Milei Pushes Electoral Reform to End Mandatory Primaries

Argentine President Javier Milei announced plans to introduce a sweeping electoral reform bill to Congress, aiming to reshape the countrys political landscape and voting system. The proposal, set to be submitted on...

Iran Warns U.S. Ceasefire Extension Could Signal Surprise Military Strike

Tensions between the United States and Iran continue to escalate after an advisor to Irans parliament speaker, Mohammad Baqer Qalibaf, claimed that U.S. President Donald Trumps ceasefire extension may be a strategic move...

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

Florida Investigates OpenAI and ChatGPT Over Alleged Role in FSU Shooting

Florida Attorney General James Uthmeier announced that the state has launched a criminal investigation into OpenAI and its AI chatbot, ChatGPT, following a deadly shooting at Florida State University last year. The...

SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows

SpaceX President and Chief Operating Officer Gwynne Shotwell earned $85.8 million in total compensation last year, according to details from the companys S-1 filing, positioning her among the highest-paid executives in the...

John Ternus Signals Apple’s Future with Product-First AI Strategy

Apples incoming CEO John Ternus is already shaping expectations for the companys future, and his stance on artificial intelligence reveals a clear direction. Unlike competitors such as Microsoft and Google, which are...

Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus

Jeff Bezos is reportedly closing in on a massive fundraising deal for his artificial intelligence startup, signaling a major move in the rapidly expanding AI industry. According to a Financial Times report citing sources...

Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO

Apple (NASDAQ: AAPL) shares slipped more than 1% in after-hours trading Monday following a surprising leadership transition announcement. The tech giant revealed that longtime CEO Tim Cook will move into the role of...
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