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Swedish household consumption rises slightly in January

Mar 09, 2018 20:31 pm UTC| Commentary Economy

Swedish household consumption rose slightly in the month of January. Consumption rose just 0.8 percent year-on-year, increasing worries that house prices trend is weighing on domestic demand. Household consumption has...

Euro area manufacturing output likely to have dropped in January

Mar 09, 2018 20:08 pm UTC| Commentary Economy

Industrial production data from euro areas large member states surprised on the downside. In France, widely coinciding with a moderation in economic survey indicators since the beginning of the year, industrial output...

Canadian employment gains rise strongly in February

Mar 09, 2018 18:57 pm UTC| Commentary

The Canadian economy added 15.4k jobs on net in the month of February. The participation was effectively unchanged, leading to a decline in the jobless rate to 5.8 percent. Part-time jobs mainly drive the gains, rising...

U.S. payrolls rise sharply in February, wage pressures likely to accelerate in months ahead

Mar 09, 2018 17:23 pm UTC| Commentary

Payrolls in the U.S. rose sharply in February, rising 313k against expectations for a 200k increase. Gains were greatly in the private-sector hiring, and upward revisions to the prior two months added another 54k...

Hungarian headline inflation likely to ease in quarters ahead, EUR/HUF to trade around 317 by end-2018

Mar 09, 2018 16:19 pm UTC| Commentary Economy

The headline consumer price inflation in Hungary surprised to the downside again yesterday. The CPI dropped to 1.9 percent year-on-year in February from Januarys 2.1 percent year-on-year. The February figure is lower than...

Commodities snapshot (precious & industrial)

Mar 09, 2018 14:48 pm UTC| Commentary

The metal pack is mixed today. The performance this week at a glance in chart table - Gold: Gold is struggling to gain as it failed to break key resistance around $1350 area and as strong dollar weighs. Down this...

Commodities snapshot (energy)

Mar 09, 2018 14:43 pm UTC| Commentary

Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) Oil price is up today but struggling to gain as U.S. production rises. Todays range - $61.1-$60.1 WTI is...

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Economy

US Dollar Hits Two-Month High as Aussie, Pound Slide

The U.S. dollar climbed to a two-month high on Tuesday as investors weighed easing oil prices, volatile Treasury yields and shifting expectations for Federal Reserve monetary policy. The U.S. Dollar Index (DXY), which...

Gold Rebounds as Oil Falls and Treasury Rout Eases

Gold prices rebounded Tuesday as falling oil prices and easing pressure in the U.S. Treasury market helped the precious metal overcome a stronger dollar. Spot gold climbed 1.6% to settle at $4,182.45 an ounce, while U.S....

RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise

The Reserve Bank of Australia raised interest rates by 25 basis points on Tuesday, taking borrowing costs to their highest level in nearly 15 years as policymakers respond to persistent inflation and rising energy prices....

Asian Stocks Fall as Bond Yields and Oil Prices Surge

Asian stock markets fell broadly on Tuesday as surging U.S. Treasury yields, elevated oil prices and renewed pressure on technology shares dampened investor sentiment. Markets also awaited the Reserve Bank of Australias...

Asian Currencies Mixed as Yen Weakens, RBA Hike Looms

Asian currencies traded mixed on Tuesday, with the Japanese yen weakening toward recent lows as investors weighed intervention risks and the Bank of Japans policy outlook. The U.S. dollar remained near a two-month high,...

Politics

Polymarket Traders Bet on Trump AI Rename to ‘Super Intelligence’

Polymarket traders are betting on whether President Donald Trump will formally rename artificial intelligence as super intelligence, after he publicly called for the terminology change and federal officials began adopting...

Tim Scott Blames Democrats as CLARITY Act Stalls in Senate

Senate Banking Committee Chairman Tim Scott criticized Democrats after the U.S. Senate failed to advance the CLARITY Act, arguing the stalled crypto legislation represented a missed opportunity to establish clearer rules...

White House Blames Democrats as CLARITY Act Stalls

The White House and Republican Senator Cynthia Lummis have blamed Senate Democrats for the CLARITY Acts failure to advance, escalating partisan tensions over landmark U.S. cryptocurrency legislation. The Senate voted 49-50...

US Troops Set to Complete Iraq Withdrawal as Iran Influence Grows

US forces are expected to withdraw from their remaining bases in Iraq by Wednesday, completing a departure agreed in 2024 and raising concerns over Irans expanding influence and the potential resurgence of Islamic State....

Malaysia Begins Deportation of 1,500 Myanmar Nationals

Malaysia began deporting about 1,500 Myanmar nationals on Tuesday under a repatriation programme that has drawn objections from the United Nations and human rights organisations over safety concerns in conflict-hit...

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

TD Cowen Starts SpaceX at Buy, Sees AI Compute Driving Growth

TD Cowen initiated coverage of SpaceX (NASDAQ: SPCX) with a Buy rating and a $200 price target, pointing to artificial intelligence computing as a major near-term growth engine alongside the companys expanding space...

OpenAI Seeks $30 Billion at $1.4 Trillion Valuation

OpenAI is reportedly seeking to raise at least $30 billion from investors in a new funding round after postponing plans for an initial public offering, according to Bloomberg, citing people familiar with the discussions....

BlackRock Sees AI Agents Fueling New Crypto Demand

BlackRock says the rapid growth of artificial intelligence could create a new source of demand for cryptocurrencies as autonomous AI agents increasingly need payment systems designed for machines. In its research paper,...

Anthropic Targets $2 Trillion Valuation in Planned IPO

Anthropic is preparing for a highly anticipated initial public offering that could value the artificial intelligence company at more than $2 trillion, putting investor enthusiasm for the booming AI sector and its massive...

Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure

Samsung Electronics and five affiliates are investing a combined $1 billion in Helix Digital Infrastructure, a new artificial intelligence infrastructure company backed by investment firm KKR, as Samsung expands deeper...
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