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Commodities snapshot (energy)

Oct 17, 2017 12:07 pm UTC| Commentary

Energy pack is mixed in todays trading. Weekly performance at a glance in chart table, Oil (WTI) WTI is higher this week over Kurdistan and Iraq conflict. Todays range $51.6 -52.3 Active call Buy targeting...

Currency snapshot (major pairs)

Oct 17, 2017 11:59 am UTC| Commentary

Dollar index trading at 93.54 (+0.29%) Strength meter (today so far) Euro -0.23%, Franc -0.24%, Yen +0.04%, GBP -0.50% Strength meter (since last week) Euro -0.37%, Franc -0.93%, Yen -0.49%, GBP -0.62% EUR/USD...

Oil in Global Economy Series: Kuwaiti oil minister sees no need to extend supply cut agreement

Oct 17, 2017 11:33 am UTC| Commentary Economy

Kuwaiti oil minister Essam al-Marzouk said that OPEC and its non-OPEC partners may not need to extend that supply cut agreement beyond the current deadline of March 2018, which is aimed at reducing global oil supplies by...

Oil in Global Economy Series: Key updates on Iraq-Kurdistan conflict

Oct 17, 2017 11:15 am UTC| Commentary

After amassing thousands of troops near Kurdistan border over the past week, Iraq has launched an offensive against Kurdish peshmerga forces on Monday to gain back control of the disputed region of Kirkuk and maybe more....

U.S. Treasuries flat in timid session ahead of FOMC member Harker’s speech

Oct 17, 2017 10:52 am UTC| Commentary Economy

The U.S. Treasuries traded range-bound Tuesday as investors await FOMC member Harkers speech, scheduled to be held today by 17:00GMT. The yield on the benchmark 10-year Treasury flat at 2.31 percent, the super-long...

Oil in Global Economy Series: Saudi Aramco IPO might be shelved permanently over private placement

Oct 17, 2017 10:41 am UTC| Commentary

The latest report suggests that the mega-IPO of Saudi Aramco, which could have been the biggest IPO launch ever has been shelved indefinitely. Initially, a launch was expected in 2018 but several factors such as lower oil...

UK gilts steady after September consumer inflation matches expectations; investors eye BoE Governor Carney’s speech

Oct 17, 2017 09:30 am UTC| Commentary Economy

The UK gilts slumped Tuesday after the countrys consumer price-led inflation index for the month of September met market expectations, and coming in higher than the previous reading in August. The yield on the benchmark...

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Economy

Australia Inflation Surges in March as Fuel Prices Spike Amid Middle East Conflict

Australias consumer price index (CPI) rose sharply in March, driven largely by higher fuel costs linked to geopolitical tensions in the Middle East. According to data released by the Australian Bureau of Statistics (ABS),...

Gold Prices Fall as Strong Dollar and Rising Oil Prices Pressure Markets

Gold prices dropped sharply on Tuesday, reaching their lowest level in nearly a month as a stronger U.S. dollar and rising oil prices weighed on investor sentiment. Spot gold declined 1.8% to $4,597.06 per ounce, while...

Oil Prices Slip Amid UAE’s OPEC Exit and Ongoing Iran Conflict Concerns

Oil prices edged lower on Wednesday after reaching a three-week high, as global markets reacted to the United Arab Emirates decision to exit the OPEC alliance. Despite the dip, continued geopolitical tensions surrounding...

U.S. Stock Futures Edge Higher Ahead of Big Tech Earnings and Fed Decision

U.S. stock index futures moved slightly higher on Tuesday evening after a weak Wall Street session, as investors turned their attention to upcoming Big Tech earnings and the Federal Reserves policy decision. SP 500 Futures...

Dollar Strengthens as US-Iran Tensions and Central Bank Decisions Drive Currency Markets

The U.S. dollar strengthened on Tuesday as investors reacted to stalled negotiations between the United States and Iran, alongside anticipation surrounding a busy week of global central bank interest rate decisions. The...

Politics

King Charles Reaffirms UK-US Alliance Amid Global Tensions

King Charles III delivered a historic speech to the U.S. Congress, emphasizing the enduring strength of the UK-US alliance during a period marked by geopolitical uncertainty and strained relations. Addressing lawmakers,...

White House Defends Trump’s FIFA Peace Prize Amid Global Criticism

The White House has strongly defended the decision to award U.S. President Donald Trump the inaugural FIFA Peace Prize, pushing back against growing criticism from human rights organizations, athletes, and international...

Trump Meets King Charles: “Two Kings” Moment Sparks Debate on Presidential Power

U.S. President Donald Trump drew attention during a White House event welcoming King Charles and Queen Camilla, making remarks that blended history, symbolism, and political messaging. Reflecting on the shared heritage of...

U.S. Envoy Julie Davis to Retire Amid Ukraine War Diplomacy Challenges

Acting U.S. Ambassador to Ukraine Julie Davis is set to step down from her role in Kyiv and retire from the State Department in June 2026, according to U.S. officials. Her departure comes at a critical moment, as...

Trump-Iran Conflict Escalates as Nuclear Talks Stall and Oil Prices Surge

Efforts to resolve the ongoing Iran conflict have reached a critical deadlock, with U.S. President Donald Trump rejecting Tehrans latest proposal aimed at ending the two-month war. The geopolitical tensions between the...

Science

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...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth

T-Mobile US Inc. (NASDAQ: TMUS) delivered a strong first-quarter performance, surpassing analyst expectations thanks to robust postpaid subscriber growth and rising service revenues. The wireless carrier reported adjusted...

Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook

Seagate Technology PLC (NASDAQ: STX) delivered impressive third-quarter results that surpassed Wall Street expectations, driving a sharp rise in its stock price. The data storage leader reported adjusted earnings per share...

Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal

The Australian government has announced a new plan that could impose multimillion-dollar charges on major tech platforms like Meta, Google, and TikTok if they fail to compensate local media companies for news content...

Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand

Shares of Lightelligence, the Shanghai-based optical computing company formerly known as Shanghai Xizhi Technology, delivered an explosive performance during their Hong Kong stock market debut, underscoring strong investor...

OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO

OpenAI is reportedly facing mounting pressure after missing key internal targets for both user growth and revenue, raising concerns about its ability to sustain aggressive spending plans. According to a Wall Street Journal...