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Europe Roundup: Sterling hits 2-week lows as PM May's poll lead shrinks, dollar eases ahead of U.S. prelim Q1 GDP figures, crude oil rebounds after OPEC disappointment - Friday, May 26th, 2017

May 26, 2017 11:11 am UTC| Market Roundups

Market Roundup EUR/USD flat, USD/JPY -0.77%, GBP/USD -0.52%, EUR/GBP +0.61% DXY -0.17%, DAX flat, FTSE flat, Brent +0.68%, Copper -0.19 Challenging talks expected as Trump, other G7 leaders meet Trump...

Asia Roundup: Antipodeans ease as OPEC disappointment hits oil, U.S. dollar steadies on mixed economic data, Asian shares trade in red - Friday, May 26th, 2017

May 26, 2017 05:55 am UTC| Market Roundups

Market Roundup UK PM Mays lead falls to 5 points ahead of June 8 vote - YouGov Japan April core CPI +0.3% y/y, Tokyo May core +0.1%, +0.4% and unch eyed Low but April nationwide growth best since April...

Americas Roundup:Dollar softer after Wednesday's Fed minutes,Oil plunges 5 pct on disappointment with OPEC cuts-May 26th,2017

May 25, 2017 20:56 pm UTC| Market Roundups

Market Roundup US Initial Jobless Claims w/e 234k vs 238k forecast, 233k previous. US Jobless Claims 4-wk Avg 235.25k, 241k previous. US Continued Jobless Claims w/e 1.923m vs 1.925m forecast, 1.899m...

Europe Roundup: Sterling tumbles after UK Q1 GDP downward revision, dollar rebounds despite lower U.S. Treasury yields, European shares rally - Thursday, May 25th, 2017                              

May 25, 2017 11:53 am UTC| Market Roundups

Market Roundup EUR/USD flat, USD/JPY +0.33%, GBP/USD -0.19%, EUR/GBP +0.22% DXY -0.13%, DAX +0.11%, FTSE +0.11%, Brent -0.56% OPEC extends oil output cut by nine months delegate UK economy slows more...

Asia Roundup: Kiwi hits multi-week highs following budget announcement, dollar eases on less hawkish FOMC minutes, Asian shares rally - Thursday, May 25th, 2017

May 25, 2017 05:55 am UTC| Market Roundups

Market Roundup Chinas yuan slips to 7th place in global trade finance - SWIFT China continue to relax foreign investment rules for auto industry Moodys cuts Hong Kong to AA2 from AA1; outlook...

Americas Roundup: U.S. dollar slips after Fed minutes, Wall Street stays slightly higher, Oil pulls back slightly on low U.S. gasoline stock draw-May 25th, 2017

May 24, 2017 20:52 pm UTC| Market Roundups

Market Roundup US Existing Home Sales Apr 5.57 mln vs 5.65 mln forecast, 5.70 mln previous. US Existing Home Sales Chg Apr 2.3% vs -1.1% forecast, 4.2% previous. US Monthly Home Price YY Mar 6.2%, 6.4%...

Europe Roundup: Sterling steadies below 1.300, dollar index rebounds from 6-1/2-month lows, investors await FOMC meeting minutes - Wednesday, May 24th, 2017

May 24, 2017 11:59 am UTC| Market Roundups

Market Roundup EUR/USD flat, USD/JPY flat, GBP/USD +0.08%, AUD/USD flat DXY flat, DAX -0.13%, FTSE +0.25%, Gold +0.08% Moodys downgrades China, warns of fading financial strength OPEC, non-OPEC hold...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

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...

Politics

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

Australia marked a national day of reflection on Sunday to honour the victims of a deadly gun attack that struck a Hanukkah celebration at Sydneys Bondi Beach a week earlier, killing 15 people and injuring dozens more. The...

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

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

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...

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...
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