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German economy expands 2.3 pct year-on-year in Q1 on investment and private consumption

May 24, 2018 19:29 pm UTC| Commentary

The second estimate of German first quarter economic data showed no changes from the earlier estimates of 0.3 percent sequential growth and 2.3 percent year-on-year growth. However, the expenditure breakdown, released for...

German consumers continue to remain positive, private consumption to contribute to Q2 GDP growth

May 24, 2018 18:59 pm UTC| Commentary

German consumers continue to remain upbeat. In spite of the weak tone to much recent data, there have been some bright spots, note least with respect to household confidence. Yesterdays flash Commission index implied that...

U.S. existing home sales falls more than expectations in April

May 24, 2018 18:09 pm UTC| Commentary

Existing home sales in the U.S. dropped more than expectations in April. On a sequential basis, existing home sales dropped 2.5 percent sequentially to 5.46 million, as compared with consensus expectations of 5.55 million....

U.S. house price index rises weakly in March, home prices likely to continue appreciating in months ahead

May 24, 2018 17:14 pm UTC| Commentary

The U.S. FHFA purchase-only House Price Index rose weakly in March. On a sequential basis, the index rose 0.1 percent, as compared with consensus expectations of 0.7 percent. The annual rate of home price appreciation...

U.S. initial jobless claims rise in mid-May, but stay close to recovery lows

May 24, 2018 16:36 pm UTC| Commentary

U.S. initial jobless claims rose higher, but continue to be close to recovery lows. The jobless claims came in above expectations in the week ended 18 May, rising 11k to 234k from a revised 223k previously. Consensus...

Singaporean economy expands 4.4 pct in Q1 2018, MAS likely to adopt wait-and see approach

May 24, 2018 16:35 pm UTC| Commentary

Singaporean first quarter economic growth was upwardly revised to 4.4 percent on a year-on-year basis, more rapid that the flash estimates of 4.3 percent. On a sequential basis, the economy grew 1.7 percent. While the...

FxWirePro: Key charts explaining crude oil inventories and production report of EIA

May 24, 2018 15:07 pm UTC| Commentary

Here are some key charts based on data from United States Energy Information Agencys (EIA) latest report that explains the level of inventories, refinery demand, and production. Chart 1 shows crude oil production in...

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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...