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FxWirePro: CAC40 trapped in Bull/Bear fight; Sell targeting another 10 percent drop

Feb 15, 2018 12:20 pm UTC| Commentary

We at FxWirePro believe that the global stock markets selloff that rattled investors nerves for two weeks might not be over, at least for the European stock markets. While the U.S. stock markets can enjoy the support of...

Global Geopolitical Series: U.S. Commerce department initiates AD/CVD investigations on imports of Large Diameter Welded Pipe from Canada, Greece, China, India, Korea, and Turkey

Feb 15, 2018 11:38 am UTC| Commentary Economy

Earlier this week, U.S. Commerce Department announced that it has initiated anti-dumping and countervailing duty investigations on imports of Large Diameter Welded Pipe from Canada, Greece, China, India, Korea, and...

Global Geopolitical Series: U.S. Commerce department announces preliminary AD on cast iron soil pipe fittings from China

Feb 15, 2018 11:25 am UTC| Commentary

Yesterday, U.S. Commerce department announced affirmative preliminary determination in the AD investigations on imports of cast iron soil pipe fittings from China. The investigation, which was initiated based on petitions...

Global Geopolitical Series: U.S. Commerce department announces preliminary AD on cast iron soil pipe fittings from China

Feb 15, 2018 11:25 am UTC| Commentary

Yesterday, U.S. Commerce department announced affirmative preliminary determination in the AD investigations on imports of cast iron soil pipe fittings from China. The investigation, which was initiated based on petitions...

U.S. Treasuries gain ahead of January Philly Fed manufacturing index, producer price index

Feb 15, 2018 11:04 am UTC| Commentary Economy

The U.S. Treasuries gained Thursday ahead of the countrys Philadelphia Fed Manufacturing Index for the month of February and the producer price index (PP) for the same period, besides the 30-year auction, all scheduled for...

SARB’s credible monetary policy likely to support ZAR slightly and prevent it from crashing, says Commerzbank

Feb 15, 2018 09:53 am UTC| Commentary Central Banks

The South African Reserve Banks (SARB) credible monetary policy is expected to support ZAR slightly and prevent it from crashing, according to the latest research report from Commerzbank; President Jacob Zuma has announced...

German bunds slump ahead of key ECB members’ speeches, Eurozone December trade balance

Feb 15, 2018 08:42 am UTC| Commentary Economy

The German bunds slumped Thursday as investors wait to watch a host of speeches from key members of the European Central Bank, later today as well as tomorrow. Later this morning, the euro areas December trade figures are...

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Economy

Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise

Gold prices stabilized near a seven-week low on Tuesday after plunging 4% in the previous session, as elevated oil prices, rising U.S. Treasury yields and expectations for further Federal Reserve rate hikes continued to...

U.S. Stock Futures Steady as AI, Rate Concerns Weigh

U.S. stock futures were little changed Monday evening after Wall Street fell under pressure from elevated Treasury yields, concerns about slowing artificial intelligence development and persistent geopolitical tensions...

Gold Plunges 4% as Treasury Yields Surge and Fed Rate Hike Bets Rise

Gold prices tumbled nearly 4% on Monday as surging U.S. Treasury yields, a stronger dollar, rising oil prices and growing expectations for additional Federal Reserve interest rate hikes pressured precious metals. Spot gold...

South Korea Exports Set for 16th Monthly Gain on AI Chip Demand

South Korean exports are expected to increase for a 16th consecutive month in September, supported by strong semiconductor demand fueled by global artificial intelligence investment, according to a Reuters poll released...

Oil Prices Jump Nearly 3% as Iran Holds Firm on Hormuz Conditions

Oil prices surged on Monday as tensions between the United States and Iran fueled concerns over prolonged disruption to the Strait of Hormuz, a critical route for global energy supplies. Brent crude futures for November...

Politics

Second DOJ Lawyer Exits Trump Probe

A second U.S. Justice Department lawyer has left a criminal investigation examining whether President Donald Trumps rights were violated during earlier federal investigations, according to two people familiar with the...

US Plans Iran Sanctions Waiver for Pilgrim Flights to Iraq

The Trump administration is preparing to grant a limited waiver from U.S. sanctions on Iran to permit flights carrying Shiite Muslim pilgrims between Iran and Iraq, according to a person directly familiar with the...

Russian Drone Strikes Kill Nine Across Ukraine, Hit Kyiv Science Academy

Russian drone attacks across Ukraine killed at least nine people and injured more than 80 on Monday, including two people at the National Academy of Sciences in central Kyiv, Ukrainian President Volodymyr Zelenskiy said....

UK Police Probe Foreign State Link in RAF Fairford Plot

British counter-terrorism police are investigating whether individuals acting on behalf of a foreign state were involved in an alleged plot targeting RAF Fairford, a UK airbase used by U.S. military bombers. Five British...

Pope Leo Urges Europe to Pursue Peace Through Compromise

Pope Leo called on European leaders and negotiators to embrace compromise in the pursuit of peace, warning that continued conflict and military buildup risk deepening instability across the continent. Speaking Monday in...

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

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...

CSL Partners With AWS to Bring AI Into Drug Research

CSL has entered into a partnership with Amazon Web Services (AWS) to integrate artificial intelligence and cloud computing across its research and clinical development operations, aiming to accelerate drug discovery and...

OpenAI Scraps GPT-6.1 Astra Launch Over Safety Concerns

OpenAI has canceled the planned release of GPT-6.1 Astra after internal testing raised concerns about the artificial intelligence models safety, alignment and ability to stay within authorized boundaries. The...

Pi Network Price Holds $0.087 as Protocol 28 Mainnet Upgrade Nears

Pi Network price traded around $0.0886 on September 28 as investors looked ahead to the Protocol 28 Mainnet upgrade scheduled for October 16. PI remained below the key $0.10 level amid broader weakness across the...
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