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FxWirePro: The Day Ahead- 8th June 2017

Jun 08, 2017 05:13 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Imports declined by 1 percent in April, while exports declined by 8...

Australian bonds slump on profit-booking amid lack of significant data, investors defy softer trade surplus

Jun 08, 2017 04:48 am UTC| Commentary Economy

The Australian bonds slumped Thursday as investors booked profits amid a lack of significant data through the day. However, investors have largely shrugged off the easing in the countrys trade surplus for the month of...

Finnish economy likely to expand 2.8 pct this year, to slow to 1.5 pct in 2018 – Danske Bank

Jun 07, 2017 23:05 pm UTC| Commentary

Finlands economic growth accelerated stronger than expectations in the first quarter of this year. The GDP rose 2.7 percent year-on-year after growing 1.4 percent in FY2016. Leading indicators continue to be elevated....

Manufacturing industry to continue to drive Czech economy, CZK likely to gain in mid to long-term

Jun 07, 2017 23:04 pm UTC| Commentary

The Czech economic growth continues to be mainly driven by the manufacturing industry, although most sectors of the economy are indicating a positive trend. On the demand side, rise in consumption is underpinned by the...

Private consumption likely to drive Polish economy, inflation likely to accelerate in 2017

Jun 07, 2017 23:03 pm UTC| Commentary

Polands economy has slowed a bit as the absorption of EU Structural Funds is not optimal, and investment is decelerating as a result. Therefore, private consumption is expected to drive the Polish economy, owing to...

U.S. consumer credit growth undershoots expectations in April, but remains fairly stable

Jun 07, 2017 22:43 pm UTC| Commentary

U.S. consumer credit growth came in below projections in April. It rose just USD 8.2 billion in the month, the most decelerating pace since mid-2011. However, upward revisions to March countered some of the...

Canada’ building permits fall sequentially in April on lower construction intentions for single-family dwellings

Jun 07, 2017 22:41 pm UTC| Commentary

Canadas building permits dropped sequentially in April. Municipalities issued CAD 7.1 billion worth of permits, down 0.2 percent from March. The drop was mainly driven by lower construction intentions for single-family...

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Economy

BOJ Rate Decision in Focus as Yen, Inflation, and Nikkei Hang in Balance

The Bank of Japan (BOJ) is widely expected to keep interest rates unchanged at its April 28 policy meeting, maintaining the benchmark short-term rate at 0.75%. This would mark the third consecutive pause following a 25...

Asian Stock Markets Rally as Japan and South Korea Hit Record Highs Amid Oil Price Concerns

Asian stock markets opened the week on a positive note, with major indices in Japan and South Korea reaching record highs, supported by strong momentum from U.S. equities. However, gains across the region were tempered by...

Dollar Holds Firm as Middle East Tensions and Central Bank Decisions Keep Markets on Edge

The U.S. dollar remained steady on Monday as uncertainty surrounding a potential Middle East peace deal continued to weigh on global investor sentiment. Ongoing tensions between the U.S., Israel, and Iran have kept...

Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns

Brazils largest bank failure in recent years has triggered sweeping regulatory changes that are reshaping how public pension funds invest, raising concerns about their ability to meet long-term financial targets. The...

Chip Stocks Rally on AI Optimism as Oil Price Surge Adds Market Tension

Oil prices climbed sharply on Monday as stalled U.S.-Iran negotiations continued to disrupt Middle East energy exports, fueling concerns across global markets. Brent crude futures rose nearly 2%, reaching a three-week high...

Politics

Trump Gala Security Scare: Suspect Arrested After Attempted Attack on U.S. Officials

A dramatic security incident at a high-profile Washington gala has raised serious concerns about the safety of U.S. officials and the growing threat of political violence. Authorities arrested a 31-year-old suspect,...

Bennett and Lapid Form Alliance to Challenge Netanyahu in Upcoming Israel Election

Former Israeli prime ministers Naftali Bennett and Yair Lapid have announced a political alliance aimed at unseating Prime Minister Benjamin Netanyahu in the upcoming election expected later this year. The two rivals...

DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects

The U.S. Department of Justice has officially ended its investigation into Federal Reserve Chair Jerome Powell, a decision announced by U.S. Attorney Jeanine Pirro that could significantly impact the future leadership of...

Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions

Shipping activity through the Strait of Hormuz has dropped dramatically, with only five vesselsincluding an Iranian oil products tankerpassing through the strategic waterway in the past 24 hours, according to recent...

Araqchi Leads Iran’s Diplomatic Push as U.S. Talks and Oil Market Tensions Rise

Irans Foreign Minister Abbas Araqchi arrived in Islamabad to discuss potential steps toward restarting peace talks with the United States, signaling cautious optimism after weeks of escalating conflict. The ongoing...

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

Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case

A Taiwan court has imposed a significant penalty on the local subsidiary of Japan-based Tokyo Electron, highlighting the islands strict stance on protecting critical semiconductor technologies. The court fined the company...

DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips

DeepSeek, a fast-rising Chinese AI startup, has unveiled a preview of its highly anticipated V4 model, marking a major step toward Chinas technological independence. The new model, optimized for Huaweis Ascend chips,...

U.S. Warns Allies Over Alleged Chinese AI IP Theft Linked to DeepSeek

The U.S. State Department has launched a global diplomatic effort to highlight concerns over alleged intellectual property theft by Chinese artificial intelligence companies, including startup DeepSeek. According to a...

Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations

A U.S. federal judge has dismissed key fraud claims brought by Elon Musk in his high-profile lawsuit against OpenAI and its co-founder Sam Altman, marking a significant development in the ongoing legal battle. The ruling,...

$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion

Related Digital, a major data center developer, announced on Friday that it has secured $16 billion in financing to support the construction of a large-scale data center campus in Michigan. This significant investment...