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Sun, Sep 27, 2026 06:46 AM All times are UTC

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U.S. Leading Economic Index rises in April, strong growth likely to persist in H2 2018

May 17, 2018 18:23 pm UTC| Commentary

The U.S. Leading Economic Index rose in the month of April. The index rose 0.4 percent, underpinned by widespread component strength. The rise implies that strong growth is expected to persist in the second half of this...

U.S. initial jobless claims rise modestly, continue to indicate towards strong labor market conditions

May 17, 2018 17:22 pm UTC| Commentary

U.S. initial jobless continue to indicate towards strong labor market conditions. In the week ended 12 May, claims rose 11k to 222k, coming in modestly above consensus expectations of 215k. Despite the rise, claims data...

Philadelphia Fed’s manufacturing index surges in May, manufacturing sentiment remains positive

May 17, 2018 16:14 pm UTC| Commentary

The Philadelphia Feds manufacturing index rose sharply in the month of May. The index rose from 23.2 in April to 34.4 in May. This is contrary to consensus expectations of a modes fall. The rebound was mainly due to the...

Bank Indonesia hikes policy repo rate by 25 bps, may hike again in June and September

May 17, 2018 15:07 pm UTC| Commentary Central Banks

Indonesian central bank, Bank Indonesia raised its 7 day policy repo rate by 25 basis points to 4.50 percent today, shifting policy focus to guaranteeing exchange rate stability. The rise comes when inflation has been...

Commodities snapshot (precious & industrial)

May 17, 2018 14:14 pm UTC| Commentary

The metal pack is down today. The performance this week at a glance in chart table - Gold: Gold declining sharply as risk aversion eased and dollar recovers. Todays range $1284-1294 Gold is currently trading at...

Commodities snapshot (energy)

May 17, 2018 14:11 pm UTC| Commentary

Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) Oil price remains elevated as President Trump moves the U.S. out of the Iran deal. However, struggling as the...

Currency snapshot (commodity pairs)

May 17, 2018 14:06 pm UTC| Commentary

Dollar index trading at 93.54 (+0.23%) Strength meter (today so far) Aussie -0.21%, Kiwi -0.37%, Loonie -0.27% Strength meter (since last week) Aussie -0.45%, Kiwi -1.18%, Loonie -0.23% AUD/USD Trading at...

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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...