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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

IMF Says Global Bond Markets Remain Orderly Despite Yield Surge

The International Monetary Fund said global bond markets remain orderly despite a sharp rise in government bond yields that has driven borrowing costs to their highest levels in decades. The 10-year U.S. Treasury yield...

Oil Prices Surge as U.S.-Iran Tensions Fuel Supply Fears

Oil prices jumped on Thursday as escalating U.S.-Iran tensions revived concerns over Middle East supply disruptions, with reports suggesting Washington is preparing to deploy additional forces to the region. Brent crude...

Wall Street Edges Higher as Treasury Yields Retreat

Wall Street opened October with modest gains on Thursday as falling U.S. Treasury yields helped offset a sharp rise in oil prices and renewed concerns over inflation. The SP 500 gained 0.3% to close at 7,670.36, while the...

Nasdaq Futures Jump as Micron Earnings Boost AI Trade

U.S. stock futures climbed Thursday, led by a sharp rise in Nasdaq futures after strong earnings and guidance from Micron Technology reinforced investor confidence in artificial intelligence-driven chip demand. Wall Street...

South Korea Exports Surge 83.5% on AI Chip Boom

South Korean exports surged far more than expected in September, driving the countrys trade surplus higher as strong global demand for artificial intelligence chips and electronics continued to support Asias fourth-largest...

Politics

Israeli Settler Attack in West Bank Kills Palestinian

Israeli settlers shot two Palestinians during an attack on the village of Yasuf in the occupied West Bank on Thursday, killing one and injuring another, according to Palestinian officials. The incident comes amid...

Ukraine Deploys FP-7 Ballistic Missile in Combat for First Time

Ukraine has used its domestically developed FP-7 tactical ballistic missile in combat for the first time, marking a significant step in Kyivs efforts to expand its long-range strike and missile capabilities, President...

Putin Says Western Firms Could Regain Russian Assets

Russian President Vladimir Putin said Western companies could eventually regain control of their Russian assets if relations improve and a favourable scenario emerges between Moscow and Western governments. Speaking...

Marco Rubio to Visit Iceland, Greece and Portugal

U.S. Secretary of State Marco Rubio will travel to Iceland, Greece and Portugal next week as Washington seeks to strengthen economic, security and diplomatic cooperation with key European partners. The State Department...

US Waives $320M Egypt Military Aid Conditions After Iran War Role

The United States has waived human rights conditions tied to $320 million in military aid for Egypt, citing Cairos national security importance and its helpful role following the launch of the US-led military campaign...

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

California AG Subpoenas OpenAI Over AI Cybersecurity Incidents

California Attorney General Rob Bonta served OpenAI with an investigative subpoena Wednesday, escalating a state investigation into cybersecurity incidents involving the artificial intelligence company and its models. The...

WordPress Malware Uses Ethereum to Evade Removal

Security researchers have uncovered a persistent WordPress malware strain that uses Ethereum infrastructure for command-and-control communications, making infected websites unusually difficult to clean. According to...

DogeOS Launches Testnet to Bring DeFi Apps to Dogecoin

DogeOS has launched a public testnet designed to bring Ethereum-style decentralized finance applications to Dogecoin, potentially expanding DOGEs utility beyond payments and price speculation. The Ethereum-compatible...

Tencent Signs $7 Billion Oracle AI Chip Lease Deal

Tencent has signed a $7 billion agreement with Oracle to access roughly 100,000 advanced artificial intelligence chips, marking a major expansion of the Chinese technology giants AI infrastructure, according to the...

Micron Forecast Tops Estimates as AI Memory Demand Stays Strong

Micron Technology delivered a stronger-than-expected fiscal first-quarter 2027 outlook, supported by robust demand for memory chips used in artificial intelligence infrastructure, although signs of slowing earnings growth...