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FxWirePro: The Day Ahead- 8th December 2017

Dec 08, 2017 04:44 am UTC| Commentary Economy

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Hoe loans down 0.6 percent in October. Investment lending for homes grew 1.6...

U.S. employment likely to have risen in November, jobless rate to have risen to 4.2 pct

Dec 07, 2017 20:44 pm UTC| Commentary

Employment in the U.S. is expected to have risen in November. According to a TD Economics research report, nonfarm payrolls are likely to have increased 175k in the month. Data on persons not at work due to bad weather...

Swedish headline inflation likely to have accelerated in November on higher energy prices

Dec 07, 2017 20:04 pm UTC| Commentary

Swedish inflation gauged by CPIF is expected to have come above Riksbanks view. According to a Nordea Bank research report, the CPIF inflation is likely to have come in at 1.9 percent, 0.2 percentage point above the...

EUR/HUF likely trade around 307 by end-2018 – Lloyds Bank

Dec 07, 2017 19:26 pm UTC| Commentary

The EUR/HUF currency pair has rallied from a 15-month low below 303 in August to more than 312, noted Lloyds Bank in a research report. Political risk continues to be high after the European Parliament announced that it...

Euro area economy grows strongly in Q3, likely to expand 0.6 pct sequentially in Q4

Dec 07, 2017 18:49 pm UTC| Commentary

The final release of euro areas third quarter GDP growth showed few surprises. The economic growth confirmed at 0.6 percent quarter-on-quarter, consistent with the average of the earlier four quarters. However, modest...

U.S. financial sector activity grows strongly in November

Dec 07, 2017 17:42 pm UTC| Commentary

Financial sector of the U.S. indicated a strong growth in activity in November, showed the latest U.S. Sector PMI data released by IHS Markit. The pace of growth rose to the joint-strongest since July 2014, and the sector...

U.S. initial jobless claims fall at start of December, underlying health of labor market intact

Dec 07, 2017 17:08 pm UTC| Commentary

Initial jobless claims in the U.S. dropped at the start of December. For the week ended 2 December, the jobless claims fell to 236,000, consistent with Barclays projection of 235k. The four-week moving average remained...

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Economy

Asian Currencies Slip as Dollar Stabilizes Ahead of U.S. CPI Data

Asian currencies edged lower on Friday as the U.S. dollar steadied, with traders closely monitoring upcoming U.S. consumer price index (CPI) data for signals on the Federal Reserves interest rate outlook. Despite the daily...

Oil Prices Steady but Head for Weekly Loss as Supply Glut Concerns Weigh

Oil prices were mostly steady during Asian trading on Friday, yet both benchmark crude contracts remained on track for weekly losses after a sharp selloff in the previous session. Brent crude futures for April delivery...

Fed Governor Stephen Miran Warns Tight Monetary Policy Threatens U.S. Economic Growth

Federal Reserve Governor Stephen Miran cautioned that the central banks current monetary policy stance could pose a significant risk to U.S. economic growth. Speaking at a Dallas Fed event on Thursday, Miran argued that...

Japan, U.S. Speed Up Talks on $550 Billion Investment Deal Amid Tariff Pressure

Japan and the United States have agreed to accelerate negotiations on the first round of projects under Tokyos $550 billion investment package, as both sides work to resolve outstanding issues. Japanese Trade Minister...

Yen Surges After Takaichi Election Win as Markets Eye U.S. Inflation Data

The Japanese yen is on track for its strongest weekly performance in nearly 15 months after Prime Minister Sanae Takaichis historic election victory eased investor concerns about Japans fiscal stability. The currency has...

Politics

Starmer Proposes Joint Defense Procurement Plan to Cut UK and NATO Rearmament Costs

British Prime Minister Keir Starmer is set to unveil a new joint defense procurement initiative aimed at reducing rearmament costs through coordinated weapons purchasing among Western allies. According to a Financial Times...

Munich Security Conference 2026: Transatlantic Tensions, Ukraine War and Europe’s Strategic Shift

One year after U.S. Vice President JD Vance sharply criticized European allies at the Munich Security Conference, transatlantic relations remain under intense strain. As global leaders gather again in Munich, Washingtons...

US Lawmakers Urge Taiwan to Boost Defence Spending Amid Rising China Threat

A bipartisan group of 37 U.S. lawmakers has urged senior Taiwanese political leaders to move forward with a stalled defence spending proposal, warning that the threat from China is intensifying. In a letter addressed to...

Federal Judge Blocks Trump Administration’s $600 Million Public Health Funding Cuts to Democratic-Led States

A federal judge in Chicago has temporarily blocked the Trump administration from moving forward with $600 million in proposed public health funding cuts affecting four Democratic-led states. The ruling marks the latest...

U.S.–Taiwan Trade Agreement Sets 15% Tariff, Boosts Energy and Semiconductor Investment

The United States and Taiwan have finalized a reciprocal trade agreement that sets a 15% U.S. tariff rate on imports from Taiwan while paving the way for lower Taiwanese tariffs on nearly all American goods. The deal,...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

GE Aerospace Expands Singapore Engine Repair Hub with Automation and AI to Tackle Aviation Bottlenecks

GE Aerospace is accelerating automation and AI-driven innovation at its Singapore engine repair hub as global airlines grapple with maintenance delays, parts shortages, and extended turnaround times. At the center of this...

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...