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Fed holds course for rate hike in December and two more in 2018, says Landesbank

Nov 08, 2017 04:53 am UTC| Commentary Central Banks Economy

The Federal Reserve left the target range for overnight rate at 1.00 percent to 1.25 percent, in line with the unanimous expectation of the bank economists surveyed by Bloomberg, the Open Market Committee of the Federal...

FxWirePro: The Day Ahead- 8th November 2017

Nov 08, 2017 04:48 am UTC| Commentary Economy

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: China: October trade balance came at $38.2 billion with exports rising by 6.9 percent y/y...

JGBs trade higher on BoJ’s strong daily market operations

Nov 08, 2017 03:45 am UTC| Commentary Economy

Japanese bonds traded firmerWednesdayfollowing solid daily market operations from the Bank of Japan (BoJ). In addition, continues dovish comments from Governor Kuroda kept the bond yields under control. The yield on the...

Australian bonds tad higher ahead of RBA’s SoMP; movement in U.S. Treasuries eyed

Nov 08, 2017 01:55 am UTC| Commentary Economy

Australian bonds traded a little firmerWednesdayas markets awaited the Statement on Monetary Policy (SoMP) from the Reserve Bank of Australia. In addition, development in the U.S. Treasuries remained in focus. The yield...

U.S. Treasuries continue to trend lower ahead of Fed Chair Yellen’s speech, 3-year auction

Nov 07, 2017 11:11 am UTC| Commentary Economy

The U.S. Treasuries continued to trend lower Tuesday as investors wait to watch The Federal Reserve Chair Janet Yellens speech, scheduled to be held today by 19:30GMT. Also, the countrys 3-year note auction, due today by...

BoE raises rates, a follow-up unlikely anytime soon, says Royal Bank of Canada

Nov 07, 2017 08:05 am UTC| Commentary Economy Central Banks

The Bank of England voted 7-2 to raise their policy rate in November, the first 25 basis points increase in a decade. The move undid last years rate cut that followed the Brexit referendum. With the economy operating near...

World economic growth likely to register 3.6 pct this year and next; monetary policies to stay accommodative: National Bank of Canada

Nov 07, 2017 06:45 am UTC| Commentary Economy

The world economy is expected to expand by 3.6 percent by end of this year and next, courtesy of upgrades to China and Europe. Stronger global merchandise trade volumes have been a boon to both advanced and emerging...

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Economy

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

US and Japan Fast-Track $550 Billion Strategic Investment Initiative

The United States and Japan have agreed to accelerate coordination on their Strategic Investment Initiative, a major bilateral framework backed by a $550 billion fund established under the two countries tariff agreement....

Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy

Japan is preparing to issue new government bonds worth approximately $189 billion to help finance a record-breaking national budget for the next fiscal year, according to a draft budget reviewed by Reuters. The move...

BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks

Bank of Japan (BOJ) policymakers actively debated whether to continue raising interest rates toward levels considered neutral for the economy, according to minutes from their October policy meeting released on Wednesday....

Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally

Spot gold surged past the key psychological level of $4,500 per ounce for the first time on Wednesday, marking a historic milestone for the precious metal and reinforcing its status as a preferred safe-haven asset. The...

Politics

U.S. Signs $2.3 Billion Global Health MOUs With Four African Nations

The United States has signed four new global health memorandums of understanding (MOUs) with Madagascar, Sierra Leone, Botswana, and Ethiopia, reinforcing its long-term commitment to strengthening global health security...

U.S. Discusses Migrant Transfer Plan With Palau Despite Lawmaker Opposition

The United States has renewed discussions with Palau over a controversial proposal to transfer third-country nationals to the Pacific Island nation, despite clear resistance from Palaus lawmakers earlier this year....

NSW Passes Toughest Gun and Anti-Terror Laws After Bondi Beach Shooting

Australias most populous state, New South Wales, has passed sweeping new gun control and anti-terrorism laws following the deadly Bondi Beach mass shooting, marking the most significant tightening of firearm and protest...

Democratic Attorneys General Sue Trump Administration Over Proposed Limits on Gender-Affirming Care for Youth

A coalition of Democratic state attorneys general has filed a federal lawsuit seeking to block proposed rules by the Trump administration that would significantly restrict access to gender-affirming care for transgender...

U.S. Pledges Maximum Sanctions on Venezuela Amid Rising Global Tensions

The United States has told the United Nations it will impose and strictly enforce sanctions to the maximum extent against Venezuela in an effort to deprive President Nicolás Maduro of financial resources, escalating...

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

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...