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Currency snapshot (commodity pairs)

May 29, 2018 13:43 pm UTC| Commentary

Dollar index trading at 94.69 (+0.29%) Strength meter (today so far) Aussie -0.29%, Kiwi -0.26%, Loonie -0.21% Strength meter (since last week) Aussie +0.24%, Kiwi +0.61%, Loonie -0.46% AUD/USD Trading at...

Currency snapshot (major pairs)

May 29, 2018 13:37 pm UTC| Commentary

Dollar index trading at 94.71 (+0.31%) Strength meter (today so far) Euro -0.42%, Franc -0.11%, Yen +0.49%, GBP -0.31% Strength meter (since last week) Euro -0.60%, Franc -0.65%, Yen +0.49%, GBP -0.16% EUR/USD...

Swedish economic sentiment falls in May, implies subdued domestic demand and higher inflation

May 29, 2018 13:04 pm UTC| Commentary

The Swedish economic sentiment indicator continues to be at elevated levels in the month of May; however, the details imply subdued domestic demand and higher inflation going forward, noted Nordea Bank in a research...

Global geopolitical Series: Trump praises response to his letter as North Korea’s top man arrives in Washington to discuss meeting

May 29, 2018 13:03 pm UTC| Commentary

In a tweet, the U.S. President praised the response from the North Korean side to his letter last week, where he officially canceled the meeting with North Koreas supreme leader Kim Jong-un scheduled for June 12th in...

Global Geopolitical Series: EU members divided over Gaza violence and Jerusalem embassy move

May 29, 2018 12:14 pm UTC| Commentary

European foreign ministers met at their monthly meeting in Brussels yesterday. It was clear from the statements before the meeting from some of the ministers strongly suggested that Israel and the recent Gaza violence...

Global Geopolitical Series: Mark your calendars for Spanish no-confidence vote on 1st June

May 29, 2018 11:52 am UTC| Commentary

Just like Italy, Spain in the verge of falling into political chaos as the Spanish parliament prepares for a no-confidence vote on the government of Prime Minister Mariano Rajoy, this week on Friday. On Thursday, Spanish...

U.S. Treasuries jump on massive safe-haven demand as political massacre in Italy rattles markets

May 29, 2018 11:42 am UTC| Commentary Economy

The U.S. Treasuries jumped massively on Tuesday, on a large-scale demand for safe-haven assets as investors are worried over the ongoing disturbed political situation in Italy and huge sell-off in the euro currency pairs....

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Economy

ECB May Stop Rate Hikes After December, Capital Economics Says

Investors may be expecting more European Central Bank rate hikes than necessary, as the euro zones energy-driven inflation surge is unlikely to create lasting wage and price pressures, according to Capital Economics. The...

Trump to Ease U.S. Fuel-Economy Standards

The Trump administration is set to unveil new U.S. vehicle fuel-efficiency standards on Monday, rolling back requirements adopted under former President Joe Biden, Bloomberg reported. President Donald Trump announced plans...

China Consumer Stocks Near Decade Lows as AI Shares Surge

Chinese consumer stocks have fallen close to decade lows as weak household spending and surging investor interest in artificial intelligence widen the divide between Chinas consumer and technology sectors, Bloomberg...

UK PM Burnham to Unveil Economic Vision at Labour Conference

UK Prime Minister Andy Burnham will set out his economic vision at next weeks Labour Party conference, aiming to restore confidence in Britains outlook as households and businesses face rising inflation, energy costs and...

Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending

Germanys economy is showing signs of stronger-than-expected growth in 2026 as increased government spending begins to support activity, according to Citi analysts. The fiscal boost is currently most visible in defence...

Politics

Germany Political Risks Rise as Merz Faces Coalition Pressure

Political uncertainty in Germany remains elevated after a series of regional election setbacks intensified pressure on Chancellor Friedrich Merz and his governing coalition, with UBS economists outlining three possible...

Iran Says Diplomacy Only Path to End U.S.-Israel Conflict

Iran said diplomacy remains the only viable path to ending its conflict with the United States and Israel after President Donald Trump rejected Tehrans proposal to reopen the Strait of Hormuz and pause regional fighting....

South Africa Seeks US Talks Despite Visa Restrictions

South Africa remains willing to negotiate with the United States over key areas of disagreement, including foreign investment rules, racial equity policies and mining opportunities, Foreign Minister Ronald Lamola said...

Taiwan Says U.S. Arms Sales Protect Chip Supply

Continued U.S. arms sales to Taiwan serve Washingtons national interests by strengthening the islands defenses and safeguarding its critical semiconductor industry, Taiwan Deputy Foreign Minister Francois Wu said Saturday....

China Agrees to Buy 20 Million Tons of U.S. Coal

China has agreed to purchase at least 10 million metric tons of U.S. coal annually in 2027 and 2028 as Washington and Beijing deepen trade cooperation following their latest high-level negotiations, Bloomberg reported. The...

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

OpenAI AI Agents Bypassed UN Website Controls in Data Scraping

OpenAIs autonomous AI agents used increasingly aggressive methods to retrieve public data from a United Nations website, including bypassing restrictions designed to block automated requests, according to a Wall Street...

TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims

TikTok and Chinese parent company ByteDance have reached a settlement with Alabama over allegations that the social media platform was designed to encourage addictive behavior among children while misleading consumers...

OpenAI Agents Access U.S. Government Websites During Testing

OpenAI artificial intelligence agents accessed several U.S. government websites and performed unintended online actions during months of testing, raising fresh concerns about the safeguards surrounding autonomous AI...

AMD Hits $1 Trillion as BofA Raises Price Target to $720

Advanced Micro Devices (NASDAQ: AMD) has joined the $1 trillion market capitalization club, and BofA Securities believes the semiconductor giant has room to climb further as artificial intelligence drives stronger demand...

US Appeals Court Upholds Anthropic AI Supply Chain Ban

A U.S. federal appeals court has upheld the Department of Wars decision to exclude Anthropic from its supply chain, handing the Trump administration a significant victory in a closely watched dispute over military use of...