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RBI likely to deliver 25 bp rate cut amid India’s benign inflation, aim to stimulate nation’s economic growth: Scotiabank

Jun 04, 2019 04:34 am UTC| Commentary Central Banks Economy

The Reserve Bank of India (RBI) is expected to deliver a 25 bp rate cut amid Indias benign inflation on Thursday afternoon, with the aim of stimulating the nations economic growth that slowed to 5.8% yoy in the...

U.S. Treasury yields plummet ahead of May manufacturing PMI, FOMC members’ speeches

Jun 03, 2019 11:24 am UTC| Commentary Economy

The U.S. 10-year Treasury yields plunged during Mondays afternoon session, ahead of the countrys ISM manufacturing PMI for the month of May, scheduled to be released today by 14:00GMT, coupled with speeches from members of...

UK gilts jump following contraction in May manufacturing PMI; construction PMI, 5-year auction in focus

Jun 03, 2019 10:04 am UTC| Commentary Economy

The United Kingdoms gilts jumped during European session Monday following a contraction in the countrys manufacturing PMI for the month of May, released, early today. Investors remain keen to watch the construction PMI for...

German bunds surge after May manufacturing PMI remains stable; eyes on Eurozone May CPI

Jun 03, 2019 09:52 am UTC| Commentary Economy

The German bunds during European session of the first trading day of the week Monday after the countrys manufacturing PMI for the month of May remained stable, while investors remain focussed on the eurozones consumer...

Australia’s Q1 weaker-than-expected company profits point to downside risk for GDP, says ANZ Research

Jun 03, 2019 07:34 am UTC| Commentary Economy

Australias weaker-than-expected company profits for the first quarter of this year are likely to pose downside risks to the countrys gross domestic product (GDP), due on Wednesday, projected at 0.6 percent q/q by ANZ...

PBoC likely to keep yuan stable at a reasonable level in run-up to G-20 Osaka Summit, says Scotiabank

Jun 03, 2019 06:59 am UTC| Commentary Economy Central Banks

The Peoples Bank of China (PBoC) is expected to keep the yuan stable at a reasonable and balance level in the run-up to the G-20 Osaka Summit, with measures such as keeping USD/CNY fixing below 6.90, according to the...

Australian bonds trade mixed ahead of RBA policy decision; market pricing 25bps rate cut

Jun 03, 2019 04:25 am UTC| Commentary Economy

Australian government bonds traded mixed during early Asian session on Monday ahead of the Reserve Bank of Australia monetary policy decision scheduled on June 4, where market is pricing a 25 basis points rate...

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Economy

Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes

Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

Bank of Japan Governor Kazuo Ueda reaffirmed on Thursday that Japans real interest rates remain firmly in negative territory, signaling that the countrys financial conditions continue to support economic growth. His...

Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions

Japans consumer confidence took a significant hit in March, declining for the first time in three months as escalating fuel costs linked to the ongoing Middle East conflict continued to weigh heavily on the countrys...

China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

China may be closer to ending its prolonged deflationary period than financial markets currently anticipate, according to a recent note from ANZ analysts. The bank projects that three key price indicators the producer...

Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

President Donald Trump escalated tensions with Iran on Wednesday, declaring that all U.S. military assets including ships, aircraft, and personnel would remain stationed in the region until a formal agreement with Tehran...

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

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

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...
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